xinsteel(SH:600782)2016-04-29 16:00Financial Performance - Operating revenue for the year-to-date was CNY 566,527.50 million, a decrease of 9.39% year-on-year[5] - Net profit attributable to shareholders of the listed company was a loss of CNY 9,182.45 million, compared to a loss of CNY 11,791.32 million in the same period last year[5] - The weighted average return on net assets was -1.14%, improving from -1.48% in the previous year[5] - The company reported a basic earnings per share of -CNY 0.07, unchanged from the previous year[5] - Total operating revenue for Q1 2016 was ¥5,665,275,038.24, a decrease of 9.36% from ¥6,252,660,139.61 in the same period last year[23] - Net profit attributable to the parent company for Q1 2016 was -¥91,824,470.31, compared to -¥117,913,224.72 in the previous year, showing an improvement of 22.08%[24] - The company reported a gross profit margin of -3.13% for Q1 2016, compared to -2.89% in the same quarter last year[23] - The company recorded an operating loss of -¥175,573,243.40 for Q1 2016, slightly improved from -¥180,489,655.76 in the same period last year[23] - The company reported a total profit of -237,981,932.36 RMB for Q1 2016, compared to a profit of 18,646,963.81 RMB in the same period last year, highlighting a substantial loss[26] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 2,880,695.13 million, an increase of 2.06% compared to the end of the previous year[5] - Total current assets increased to CNY 15,574,138,891.31 from CNY 14,916,854,456.32, representing a growth of approximately 4.4%[14] - Total liabilities increased to CNY 20,262,535,983.39 from CNY 19,660,559,595.97, reflecting a rise of approximately 3.1%[16] - The company's equity attributable to shareholders decreased to CNY 8,011,208,690.93 from CNY 8,103,503,767.73, a decline of approximately 1.1%[16] - The total current liabilities rose to CNY 17,442,708,292.61 from CNY 16,855,060,457.06, representing an increase of about 3.5%[16] - The total assets as of Q1 2016 were ¥26,618,122,115.21, compared to ¥26,558,391,149.71 in the previous period[20] - The total liabilities as of Q1 2016 amounted to ¥18,986,088,396.57, slightly up from ¥18,740,252,070.19 in the previous period[20] Cash Flow and Investments - Cash and cash equivalents decreased to CNY 4,086,704,971.83 from CNY 5,084,997,568.40, a decline of about 19.7%[14] - Cash inflow from operating activities totaled 3,664,283,654.58 RMB in Q1 2016, compared to 3,457,990,071.78 RMB in Q1 2015, marking an increase of about 6%[29] - The company incurred financial expenses of 107,701,222.03 RMB in Q1 2016, compared to 89,893,148.72 RMB in the same period last year, representing an increase of about 19.8%[26] - Investment activities resulted in a net cash outflow of -283,810,601.75 RMB in Q1 2016, compared to -24,505,918.44 RMB in Q1 2015, indicating increased investment expenditures[30] - Cash inflow from financing activities was 3,094,407,288.23, up from 2,171,790,473.93, reflecting a 42.4% increase year-over-year[32] - The cash inflow from borrowing was 3,094,407,288.23, which is a notable increase from 2,171,790,473.93, highlighting the company's reliance on debt financing[32] - The company paid 2,862,749,177.05 in debt repayments, up from 2,428,350,944.49, reflecting a 17.9% increase in debt servicing costs[32] Shareholder Information - The number of shareholders at the end of the reporting period was 27,210[8] - The largest shareholder, Xinyu Steel Group Co., Ltd., held 54.43% of the shares[8] Inventory and Current Liabilities - Inventory rose significantly to CNY 3,023,020,163.96, up from CNY 2,617,214,993.41, indicating an increase of about 15.5%[15] - Other current liabilities rose by 67.80% to CNY 2,516,928.59 million, influenced by short-term financing bonds[11] - Short-term borrowings increased to CNY 6,463,696,890.83 from CNY 6,386,390,645.05, reflecting a rise of about 1.2%[16]