2018-04-19 16:00Financial Performance - Net profit attributable to shareholders was CNY 1.42 billion, an increase of 57.25% year-on-year[6]. - Operating revenue reached CNY 18.31 billion, reflecting a year-on-year growth of 5.60%[6]. - Basic earnings per share rose to CNY 0.18, a 50.00% increase compared to the previous year[6]. - Net profit attributable to the parent company increased by 57.25% to RMB 1,417,961,086 driven by higher gross margins on steel products[14]. - The company's net profit for Q1 2018 reached CNY 1,629,994,829, a significant increase from CNY 1,009,514,669 in the same period last year, representing a growth of approximately 61.5%[25]. - Total comprehensive income for the period was CNY 1,619,641,505, compared to CNY 1,018,705,236 in the previous year, reflecting a growth of approximately 58.9%[25]. Asset and Liability Management - Total assets at the end of the reporting period were CNY 70.89 billion, a decrease of 1.80% compared to the end of the previous year[6]. - Total liabilities decreased from ¥44,954,325,666 to ¥42,028,545,833, a decline of approximately 6.5%[20]. - Current assets totaled ¥31,421,958,738, down from ¥32,098,538,779 at the start of the year, indicating a decline of about 2.1%[20]. - The company's cash and cash equivalents decreased from ¥4,978,352,093 to ¥4,651,600,809, a drop of about 6.5%[20]. Cash Flow Analysis - Cash flow from operating activities was CNY 633.50 million, down 61.48% year-on-year[6]. - Cash inflow from investment activities was RMB 553,851,845, a significant improvement from a cash outflow of RMB 2,062,608,102 in the same period last year[15]. - Cash outflow from financing activities increased by 430.65% to RMB 1,138,864,193 due to reduced financing while repaying loans[15]. - The company reported a net cash flow from operating activities of CNY 633,496,091, a decrease from CNY 1,644,749,451 in the previous year, indicating a decline of about 61.5%[30]. - Cash inflow from operating activities reached ¥15,622,920,879, an increase of 22.5% compared to ¥12,789,984,490 in the previous year[33]. Production and Operational Metrics - The company produced 4.70 million tons of pig iron and 5.06 million tons of crude steel, with a year-on-year decrease of 2.30% and 0.59% respectively[11]. - The company produced 4.78 million tons of steel, a year-on-year increase of 1.06%[11]. - The average domestic steel price index was 113.53 points for the first quarter, up 10.02% year-on-year[11]. Investment and Income - Investment income increased by 194.31% to RMB 340,031,022 due to gains from the disposal of a subsidiary and increased net profits from joint ventures[14]. - The company reported a significant increase in investment income, rising to ¥340,031,022 from ¥115,536,895, marking an increase of approximately 194%[24]. - Cash received from investment income was ¥105,748,128, up from ¥28,698,149 year-over-year[33]. Strategic Initiatives - The company aims to enhance innovation competitiveness and promote quality transformation to achieve high-quality development[12]. - The company plans to increase its stake in the market through its subsidiary, contingent on securing adequate funding[15].