xinsteel(SH:600782)2015-04-29 16:00Financial Performance - Operating revenue for the period was CNY 625,266.01 million, down 26.72% year-on-year [6]. - Net profit attributable to shareholders of the listed company was CNY -12,602.21 million, a decrease of 303.90% compared to the same period last year [6]. - Basic and diluted earnings per share were both CNY -0.08, reflecting a decrease of 300.00% compared to the previous year [6]. - Main business revenue decreased by 28.08% to ¥589,543.54 million compared to ¥819,731.76 million in the same period last year, primarily due to a drop in product prices [12]. - Net profit reported a loss of ¥11,641.94 million, worsening from a loss of ¥1,910.48 million year-on-year, indicating a decline in operational performance [12]. - Total operating revenue for Q1 2015 was CNY 6,252,660,139.61, a decrease of 26.7% compared to CNY 8,531,996,625.24 in the same period last year [25]. - Net profit for Q1 2015 was a loss of CNY 116,419,393.10, compared to a loss of CNY 19,104,758.08 in the same quarter last year [26]. - The company reported a gross profit margin of -2.8% for Q1 2015, compared to -0.4% in Q1 2014 [26]. - Total profit for the current period is ¥18,646,963.81, down 69.0% from ¥60,193,780.89 in the previous period [29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,013,053.70 million, a decrease of 1.20% compared to the end of the previous year [6]. - Total assets decreased to ¥30,130,537,017.61 from ¥30,495,369,433.53, indicating a reduction in overall asset value [19]. - Total liabilities decreased to ¥21,702,729,770.01 from ¥21,947,312,832.66, showing a slight reduction in the company's debt levels [19]. - The company's total assets decreased to CNY 28,241,603,264.32 from CNY 28,703,296,104.23 at the beginning of the year [22]. - Current assets totaled CNY 14,750,604,875.33, down from CNY 14,988,922,664.50 at the start of the year [22]. - Current liabilities were CNY 15,637,074,667.24, a decrease from CNY 16,157,372,079.81 at the beginning of the year [22]. Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of CNY -2,615.57 million, an increase of 89.10% year-on-year [6]. - Cash and cash equivalents at the end of the period increased by 139.29% to ¥359,813.34 million, reflecting improved operational conditions in 2014 [13]. - Cash flow from financing activities increased by 110.76% to ¥236,679.05 million, driven by an increase in export invoice financing loans [13]. - Operating cash flow net amount is -¥26,155,661.51, an improvement from -¥239,992,799.39 in the previous period [34]. - The company experienced a cash outflow from financing activities of -¥435,572,317.28, an improvement from -¥589,690,433.69 in the previous period [35]. - Cash inflow from financing activities totaled $2,171,790,473.93, significantly higher than $970,000,000.00 in the prior period [39]. - The net decrease in cash and cash equivalents was -$621,815,821.26, compared to -$869,373,328.42 last year [39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 26,730 [10]. - The largest shareholder, Xinyu Steel Group Co., Ltd., held 1,099,304,940 shares, accounting for 78.89% of the total shares [10]. Other Financial Metrics - The weighted average return on net assets was -1.48%, a decrease of 1.19 percentage points compared to the previous year [6]. - The company reported non-operating income of CNY 810.89 million, primarily from government subsidies [9]. - Prepayments increased significantly by 180.32% to ¥51,581.63 million, reflecting higher advance payments for raw materials [12]. - Construction in progress rose by 49.29% to ¥38,944.00 million, indicating increased investment in engineering projects [12]. - Interest payable increased by 87.75% to ¥12,634.11 million, due to an increase in accrued financing interest [12]. - The company did not report any new product developments or market expansion strategies during this quarter [6].