SCC(SH:600740)2015-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY -87.22 million, a decrease of 1,681.29% year-on-year[6]. - Operating revenue fell by 30.38% to CNY 892.55 million compared to the same period last year[6]. - Basic earnings per share were CNY -0.1140, a decrease of 1,683.33% compared to the previous year[6]. - The cumulative net profit for the year is expected to be a loss due to a significant decline in the domestic coke market, with prices dropping sharply[22]. - The company reported a net loss of ¥-508,054,231.34, compared to a loss of ¥-420,834,183.35 in the previous year[27]. - The net profit for Q1 2015 was a loss of ¥86,928,803.24, compared to a net profit of ¥6,079,336.13 in Q1 2014, indicating a significant decline[34]. - The total profit for Q1 2015 was a loss of ¥86,766,089.75, compared to a profit of ¥6,247,147.81 in Q1 2014[34]. Cash Flow - The net cash flow from operating activities was CNY -353.60 million, a decline of 261.12% year-on-year[6]. - The net cash flow from operating activities for Q1 2015 was -358,092,925.96 RMB, compared to 214,134,070.32 RMB in the previous year, indicating a significant decline[40]. - Cash inflows from operating activities totaled ¥754,309,250.02 in Q1 2015, down from ¥1,062,876,331.33 in Q1 2014, a decrease of 29%[38]. - Cash outflow from operating activities was 1,098,981,618.38 RMB, compared to 836,537,806.46 RMB in the previous year, indicating increased operational costs[40]. - The cash flow from investment activities was -426,105.61 RMB, compared to -10,205,803.60 RMB in the previous year, indicating reduced investment activity[40]. Assets and Liabilities - Total assets decreased by 7.98% to CNY 9.87 billion compared to the end of the previous year[6]. - Total liabilities decreased to ¥6,547,680,461.57 from ¥7,318,514,409.80, a reduction of 10.5%[27]. - The company's total current assets as of March 31, 2015, were ¥3,941,561,290.26, down from ¥4,880,807,865.29, a decrease of about 19.2%[25]. - Cash and cash equivalents decreased to ¥1,984,810,820.49 from ¥3,186,452,785.82, a drop of 37.6%[29]. - Short-term borrowings increased to ¥2,238,400,000.00 from ¥1,717,400,000.00, an increase of 30.3%[27]. Shareholder Information - The total number of shareholders was 67,534 at the end of the reporting period[12]. - The largest shareholder, Shanxi Coking Coal Group Co., Ltd., held 14.22% of the shares[12]. Operational Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[6]. - The company has committed to avoiding competition with Shanxi Coking Coal Group, ensuring no direct or indirect involvement in competing businesses[21]. - Shanxi Coking Coal Group has pledged to maintain the independence of the listed company and respect its operational autonomy[21]. - The company is focusing on integrating its operations with Shanxi Coking Coal Group to enhance competitiveness and promote sustainable development in the coking industry[21]. Other Financial Metrics - The company reported non-recurring losses totaling CNY -1.67 million during the period[10]. - The company's financial expenses for Q1 2015 were ¥41,837,414.24, down from ¥50,386,774.76 in the same period last year, reflecting a 17.5% reduction[34]. - The management expenses for Q1 2015 were ¥40,930,571.76, down 16.5% from ¥49,061,770.62 in the same period last year[34]. - The company recorded other income of ¥1,197,202.15 in Q1 2015, compared to ¥471,183.17 in Q1 2014, showing an increase of 153.5%[34].