xinsteel(SH:600782)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 853,199.66 million, a decrease of 1.48% year-on-year[8] - Net profit attributable to shareholders was CNY -2,220.74 million, showing an improvement from CNY -11,613.88 million in the same period last year[8] - The net profit for the current period is -¥19,104,758.08, compared to -¥113,628,678.86 in the previous period, showing an improvement[24] - The company reported a cumulative loss of 22.2 million yuan in the first quarter of 2014, with expectations of a near break-even in the second quarter[11] Cash Flow - Cash flow from operating activities was CNY -23,999.28 million, compared to CNY -24,157.09 million in the previous year, indicating a slight improvement[8] - Cash flow from operating activities shows a net outflow of -¥239,992,799.39, slightly improved from -¥241,570,866.49 in the previous period[28] - Total cash outflow from operating activities was CNY 3,241,723,163.69, compared to CNY 4,128,769,240.71, reflecting a decrease of about 21.5%[31] - Cash inflow from other operating activities increased to CNY 73,125,769.66 from CNY 23,683,898.85, a growth of approximately 208.5%[31] Assets and Liabilities - Total assets decreased by 1.64% to CNY 3,139,025.29 million compared to the end of the previous year[8] - Total liabilities decreased from 23.79 billion yuan to 23.28 billion yuan, a reduction of about 2.14%[17] - The company's total assets decreased from 31.91 billion yuan to 31.39 billion yuan, a decline of approximately 1.63%[17] - The total liabilities amount to ¥21,873,350,803.86, a decrease from ¥22,518,481,938.85 in the previous period[21] Shareholder Information - The number of shareholders totaled 27,255, with the largest shareholder, Xinyu Steel Group Co., Ltd., holding 78.89% of shares[9] - The company plans to seek a waiver from shareholders regarding the commitment of the controlling shareholder to inject capital into the company[11] Equity and Investments - The weighted average return on equity increased by 1.27 percentage points to -0.29%[8] - The company’s equity attributable to shareholders decreased from 7.63 billion yuan to 7.61 billion yuan, a decline of about 0.20%[17] - The total equity is reported at ¥7,589,484,599.65, an increase from ¥7,524,099,839.65 in the previous period[21] - The company recorded an investment loss of -¥480,910.72, an improvement from -¥1,497,650.48 in the previous period[23] Operational Costs and Revenue - Total operating costs for the current period amount to ¥8,565,030,000.76, down 2.67% from ¥8,799,427,527.31 in the previous period[23] - Cash received from sales decreased by 22.89% to CNY 334,352.57 million, reflecting a decline in product sales[10] - Cash paid for purchases decreased by 23.31% to CNY 302,537.01 million, indicating reduced purchasing activity[10] - Sales expenses increased to ¥80,244,365.19 from ¥63,227,077.93, reflecting a rise of 26.5%[23] Cash and Cash Equivalents - The company's cash and cash equivalents decreased from 7.93 billion yuan to 7.15 billion yuan, representing a reduction of about 9.76%[15] - Cash and cash equivalents at the end of the period stood at CNY 1,503,649,166.56, down from CNY 2,613,182,061.80[30] - The net increase in cash and cash equivalents was negative CNY 849,626,606.09, worsening from negative CNY 362,464,465.21 year-over-year[30] - The impact of exchange rate changes on cash and cash equivalents was positive CNY 7,211,067.84, compared to a negative impact of CNY 6,295,476.86 in the previous period[30]