Financial Performance - Net profit attributable to shareholders decreased by 13.64% to CNY -99,116,578.74 year-on-year[5] - Operating revenue fell by 37.01% to CNY 562,246,809.60 compared to the same period last year[5] - The company reported a basic earnings per share of CNY -0.129, a decrease of 13.16% year-on-year[5] - The company reported a net profit loss for the year-to-date period, indicating a significant decline compared to the previous year[20] - The company reported a net loss of ¥1,350,157,542.30, widening from a loss of ¥1,251,040,963.56 in the previous year[27] - Net profit for Q1 2016 was a loss of CNY 99,340,130.44, compared to a loss of CNY 87,413,477.94 in Q1 2015, indicating a 13.4% increase in losses year-over-year[38] - Total comprehensive income for Q1 2016 was a loss of CNY 99,340,130.44, compared to a loss of CNY 87,413,477.94 in the previous year, reflecting a worsening of 13.4%[38] Assets and Liabilities - Total assets increased by 0.88% to CNY 10,694,338,665.48 compared to the end of the previous year[5] - Total liabilities increased to ¥8,216,637,349.01 from ¥8,026,137,352.19, reflecting a rise of approximately 2.37%[27] - Current liabilities totaled ¥5,882,646,888.13, compared to ¥5,615,802,438.17 at the start of the year, indicating an increase of about 4.75%[27] - Total current assets as of March 31, 2016, were approximately CNY 4.71 billion, compared to CNY 4.57 billion at the beginning of the year, indicating a growth of about 3%[25] - The company's total equity decreased to ¥2,477,701,316.47 from ¥2,575,199,214.71, reflecting a decline of about 3.8%[27] Cash Flow - Net cash flow from operating activities improved by 38.30%, reaching CNY -218,159,845.41[5] - The net cash flow from operating activities improved by 135,322,182.81, moving from -353,600,917.12 to -218,278,734.31[15] - Cash flow from operating activities was CNY 629,936,695.99, a decrease of 13.8% from CNY 730,902,648.27 in the same quarter last year[40] - Cash inflow from loans received was CNY 538,400,000.00, a decrease from CNY 719,000,000.00 in the prior period[42] - Cash outflow for debt repayment was CNY 340,000,000.00, compared to CNY 714,350,000.00 in the previous period, indicating a reduction of approximately 52.4%[42] - Cash flow from financing activities resulted in a net inflow of CNY 163,269,848.31, compared to a net outflow of CNY 51,639,787.03 in the prior period[42] Shareholder Information - The number of shareholders reached 57,516 at the end of the reporting period[10] - The largest shareholder, Shanxi Coking Coal Group Co., Ltd., holds 14.22% of the shares[10] Inventory and Prepayments - Inventory decreased by 82,217.92 million, a reduction of 35.08%, due to a decline in the cost of goods and raw materials[13] - Prepayments increased by 118,670.5 million, a growth of 221.64%, primarily to reduce raw material procurement costs[13] - Inventory levels dropped significantly from CNY 234 million to CNY 152 million, a decrease of about 35%[25] Operational Changes and Strategy - The company is undergoing a major asset restructuring, with stock trading suspended since December 30, 2015, and ongoing disclosures about the restructuring progress[17] - The company aims to integrate its operations with Shanxi Coking Coal Group, focusing on enhancing competitiveness through mergers and acquisitions during the 13th Five-Year Plan period (2016-2020)[19] - The company plans to consolidate its coking and related chemical production operations to drive industry upgrades and sustainable development[19] - The company is committed to maintaining its independence and operational autonomy while ensuring financial safety through its financial subsidiary[20] Market Conditions - The domestic coking coal market has shown signs of stabilization and slight recovery, although prices remain significantly lower than the previous year[21]
山西焦化(600740) - 2016 Q1 - 季度财报