HUAXIN CEMENT(SH:600801)2017-04-26 16:00Financial Performance - Operating revenue surged by 61.17% to CNY 3.88 billion year-on-year[7] - Net profit attributable to shareholders reached CNY 94.92 million, a significant recovery from a loss of CNY 136.40 million in the same period last year[7] - The company reported a basic earnings per share of CNY 0.06, recovering from a loss of CNY 0.09 per share in the previous year[7] - Net profit attributable to shareholders was CNY 94,922,593, reflecting a 170% increase year-over-year[15] - The total profit for the period was CNY 112,900,651, marking a 161% increase compared to the same period last year[15] - The company expects a net profit growth of over 50% for the first half of 2017, supported by increased cement prices and expanded production capacity[18] - Operating profit for Q1 2017 was ¥82,969,007, a turnaround from a loss of ¥226,438,543 in Q1 2016[29] - Net profit for Q1 2017 was ¥76,985,919, compared to a net loss of ¥143,295,618 in Q1 2016, indicating a substantial recovery[29] - The total comprehensive income for Q1 2017 was ¥63,440,831, compared to a loss of ¥183,789,171 in the same quarter last year[30] Assets and Liabilities - Total assets increased by 9.8% to CNY 30.12 billion compared to the end of the previous year[7] - The total assets as of March 31, 2017, amounted to CNY 30,115,923,188, an increase from CNY 27,426,749,410 at the beginning of the year[21] - The company’s total assets increased to ¥18,232,072,642 from ¥16,840,447,564, marking a growth of 8.3% year-over-year[29] - The company reported a significant increase in investment income, with net investment income rising by 81% to CNY 271,476[15] - The company’s total liabilities increased to CNY 18,671,364,239, up from CNY 16,053,051,983 at the start of the year[22] - The total liabilities increased to ¥10,205,524,427 in Q1 2017 from ¥8,816,845,724 in the previous year, reflecting a growth of 15.7%[29] Cash Flow - Cash flow from operating activities increased by 1.62% to CNY 322.73 million[7] - Cash flow from investment activities showed a significant improvement, with a net cash inflow of CNY 271,388,091, compared to a net outflow of CNY 300,141,485 in the previous year[17] - Operating cash inflow for Q1 2017 was CNY 4,463,678,400, an increase of 46.8% from CNY 3,041,201,823 in the previous period[34] - Net cash flow from operating activities was CNY 322,734,716, slightly up from CNY 317,591,846 year-over-year[34] - Cash inflow from financing activities was CNY 594,276,418, down from CNY 992,221,604 in the previous period, leading to a net cash outflow of CNY 939,745,435[34] - The company reported a net increase in cash and cash equivalents of CNY -350,804,285 for the quarter, compared to an increase of CNY 189,692,566 in the previous period[35] - The company experienced a net cash outflow of CNY 805,984,188 in Q1 2017, compared to a net outflow of CNY 136,267,543 in the previous year[37] Operational Metrics - Accounts receivable rose by 95% to CNY 977.51 million, attributed to expanded operations from acquisitions[14] - Inventory increased by 37% to CNY 1.61 billion, reflecting growth in business scale[14] - The company experienced a 240% increase in prepayments to CNY 225.47 million, driven by acquisition-related activities[14] - Other payables surged by 341% to CNY 1.99 billion, reflecting increased operational scale and obligations[14] - Operating costs increased by 53% to CNY 3,043,997,546, driven by acquisitions and rising coal costs[15] - The company reported an increase in operating costs to ¥3,798,211,477, up from ¥2,631,794,384, representing a rise of 44.4%[29] - Investment income for Q1 2017 was ¥271,476, compared to ¥150,000 in Q1 2016, showing a growth of 80.9%[29] Shareholder Information - The number of shareholders reached 77,738, indicating a broadening of the shareholder base[11] - Basic and diluted earnings per share for Q1 2017 were both ¥0.06, recovering from a loss of ¥0.09 per share in Q1 2016[30]