SMIC(SH:600810)2015-04-24 16:00Financial Performance - Operating income decreased by 24.92% to CNY 3,075,373,004.61 compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 82.21% to CNY 5,542,605.05 compared to the same period last year[7]. - Basic earnings per share decreased by 85.71% to CNY 0.01 compared to the same period last year[7]. - The company reported a net profit excluding non-recurring gains and losses of CNY 5,034,410.37, a decrease of 78.51% compared to the same period last year[7]. - The company reported a net loss of ¥149,323,380.93, an improvement from a loss of ¥154,865,985.98 in the previous period[21]. - The net profit for Q1 2015 was a loss of ¥2,224,795.65, compared to a profit of ¥40,476,652.29 in Q1 2014[29]. - The company reported an operating profit of -¥2,616,908.19 for Q1 2015, a significant decline from ¥41,613,888.01 in the previous year[28]. - Total operating revenue for Q1 2015 was ¥3,075,373,004.61, a decrease of 24.9% compared to ¥4,096,003,142.20 in the same period last year[27]. - Total operating costs for Q1 2015 were ¥3,101,640,638.49, down 23.6% from ¥4,061,370,998.21 in Q1 2014[28]. Cash Flow - Net cash flow from operating activities increased by 84.64% to CNY 299,377,632.55 compared to the same period last year[7]. - The net cash flow from operating activities for Q1 2015 was CNY 299,377,632.55, an increase of 84.64% compared to CNY 162,142,672.89 in Q1 2014, mainly due to a decrease in cash paid for purchasing goods[15]. - Total cash inflow from operating activities was CNY 1,099,657,549.84, while cash outflow was CNY 800,279,917.29, resulting in a net cash inflow of CNY 299,377,632.55[35]. - Cash and cash equivalents at the end of the period amounted to CNY 680,689,053.69, up from CNY 409,384,830.53 in the previous period[36]. - The company ended the quarter with a net increase in cash and cash equivalents of CNY 188,162,406.26, contrasting with a decrease of CNY -171,793,812.61 in the previous period[36]. Assets and Liabilities - Total assets increased by 5.83% to CNY 8,376,772,773.81 compared to the end of the previous year[7]. - Current assets rose to ¥3,688,138,084.38 from ¥3,361,698,701.98, an increase of about 9.7%[19]. - Total liabilities increased to ¥5,795,136,311.04 from ¥5,331,171,436.77, representing a growth of about 8.7%[21]. - The total liabilities as of March 31, 2015, included accounts payable of CNY 434,200,664.36, which increased by 53.25% compared to the previous period, indicating higher material and project payments[15]. - Current liabilities rose to ¥5,444,264,266.03 from ¥4,980,299,391.76, an increase of approximately 9.3%[20]. - Accounts receivable increased by 50.15% to CNY 1,038,745,912.97 compared to December 31, 2014, primarily due to an increase in sales revenue not yet collected[15]. Shareholder Information - The total number of shareholders reached 26,041 at the end of the reporting period[12]. - The largest shareholder, China Pingmei Shenma Energy & Chemical Group Co., Ltd., holds 52.95% of the shares[12]. Investment and Development - Investment income for Q1 2015 was CNY 23,650,725.69, a significant increase of 238.75% compared to CNY 6,981,744.02 in Q1 2014, reflecting higher earnings from invested entities[15]. - The company increased its development expenditures by 63.17% to CNY 17,800,171.27 in Q1 2015, reflecting a commitment to enhance research and development efforts[15]. - The company reported a net cash outflow from investing activities of CNY -43,606,593.51 in Q1 2015, which was a significant increase in cash payments for fixed asset purchases compared to the previous year[15]. Other Financial Metrics - Non-recurring gains and losses amounted to CNY 508,194.68 for the reporting period[10]. - The weighted average return on net assets decreased by 1.04 percentage points to 0.24%[7]. - The company has not indicated any significant changes in cumulative net profit forecasts for the year compared to the previous year[16]. - The company reported a significant increase in operating taxes and additional charges by 154.29% to CNY 8,326,107.73 in Q1 2015 compared to the previous year[15].