SCC(SH:600740)2014-04-23 16:00Financial Performance - Net profit attributable to shareholders decreased by 26.74% to CNY 5,515,760.96 from CNY 7,528,536.38 year-on-year[5] - Operating income fell by 17.07% to CNY 1,282,026,271.57 compared to CNY 1,545,994,609.85 in the same period last year[5] - Basic earnings per share decreased by 28.00% to CNY 0.0072 from CNY 0.010 in the previous year[5] - Total operating revenue for Q1 2014 was ¥1,282,026,271.57, a decrease of 17.1% compared to ¥1,545,994,609.85 in Q1 2013[13] - Net profit for Q1 2014 was ¥6,079,336.13, representing a decline of 26.6% from ¥8,282,635.63 in Q1 2013[25] - Total profit for Q1 2014 was ¥6,247,147.81, a decrease of 26.6% compared to ¥8,512,230.82 in Q1 2013[25] - Operating profit for Q1 2014 was ¥14,559,335.34, down 37.4% from ¥23,255,198.35 in Q1 2013[25] Cash Flow - Cash flow from operating activities increased significantly by 359.78% to CNY 219,457,911.13 from CNY 47,731,211.65 year-on-year[5] - Cash flow from operating activities for Q1 2014 was ¥219,457,911.13, significantly improved from ¥47,731,211.65 in Q1 2013[30] - Total cash inflow from operating activities was ¥1,062,876,331.33, compared to ¥1,359,770,005.44 in the previous year, indicating a decline of 21.8%[30] - Cash inflow from operating activities totaled $1,050,671,876.78, down 22.0% from $1,347,565,550.89 in the prior period[33] - Cash outflow from operating activities decreased to $836,537,806.46, a reduction of 35.7% from $1,299,727,298.39[33] - Cash received from sales of goods and services was $1,040,109,990.64, a decrease of 22.1% compared to $1,335,870,846.67[33] Assets and Liabilities - Total assets increased by 8.31% to CNY 9,296,504,906.14 compared to the end of the previous year[5] - The total current assets increased to ¥4,097,571,905.50 from ¥3,331,883,458.38, reflecting a growth of approximately 22.9%[17] - The total liabilities rose to ¥6,464,087,882.04 from ¥5,758,930,086.99, marking an increase of about 12.2%[19] - The company's short-term borrowings increased to ¥1,746,400,000.00 from ¥1,698,400,000.00, showing a rise of about 2.8%[19] - The total owner's equity increased slightly to ¥2,832,417,024.10 from ¥2,824,362,695.14, reflecting a growth of approximately 0.3%[19] Accounts Receivable and Payable - Accounts receivable increased by 42.84% to CNY 1,010,955,548.22, primarily due to extended settlement cycles from some customers[11] - The accounts receivable increased to ¥1,010,955,548.22 from ¥707,731,513.25, representing a significant increase of approximately 42.7%[17] - The company reported an increase in accounts payable to ¥1,098,152,601.55 from ¥930,652,156.40, which is an increase of approximately 18.0%[19] Inventory and Prepayments - The inventory decreased to ¥492,056,785.80 from ¥580,832,249.49, indicating a reduction of about 15.2%[17] - The company reported a significant increase in prepayments by 67.05% to CNY 103,337,912.38, indicating a rise in advance payments for products[11] Investment Activities - The net cash flow from investing activities improved to -¥10,205,803.60 from -¥21,780,026.46, indicating a positive change of ¥11,574,222.86[13] - Total cash outflow for investing activities was $10,205,803.60, down 60.9% from $26,110,646.46[34] Shareholder Information - The number of shareholders totaled 87,011, with the largest shareholder holding 14.22% of the shares[7] Company Strategy - The company plans to expand raw material procurement channels and optimize coal blending ratios to mitigate market challenges[12]