2016-04-28 16:00Financial Performance - Operating revenue fell by 23.6% to CNY 8,510,893 thousand year-on-year[7] - Net profit attributable to shareholders was CNY -1,715,977 thousand, a significant decline from CNY -398,768 thousand in the same period last year[7] - The weighted average return on net assets was -7.08%, down from -1.80% year-on-year[7] - Basic and diluted earnings per share were both CNY -0.119, compared to CNY -0.028 in the same period last year[7] - The company reported a net loss of RMB 543,923 thousand for Q1 2016, a decline of 147.7% compared to an undistributed profit of RMB 1,141,287 thousand in Q1 2015[14] - Net loss for Q1 2016 was 1,685,210 thousand RMB, compared to a net loss of 368,775 thousand RMB in Q1 2015, indicating a significant increase in losses[26] - The total comprehensive income attributable to the parent company was -1,685,210 thousand RMB, compared to -368,724 thousand RMB in the previous period, indicating a significant decline[28] Assets and Liabilities - Total assets decreased by 7.3% to CNY 79,039,414 thousand compared to the end of the previous year[7] - Total liabilities decreased to 56,053,766 thousand RMB from 60,670,824 thousand RMB, reflecting a reduction of 7.5%[21] - Current liabilities totaled 55,294,733 thousand RMB, a decrease of 7.5% from 59,903,473 thousand RMB[21] - The company’s total current assets decreased to RMB 44,267,379 thousand from RMB 49,511,042 thousand, reflecting a reduction in cash and accounts receivable[19] - The company’s non-current liabilities due within one year increased by 77.3% to RMB 154,895 thousand, primarily due to an increase in long-term borrowings maturing within one year[14] Cash Flow - The company reported a net cash flow from operating activities of CNY -1,953,173 thousand, compared to CNY -1,879,255 thousand in the previous year[7] - The net cash flow from operating activities was -1,953,173 thousand RMB, compared to -1,879,255 thousand RMB in the previous period, indicating a worsening cash flow situation[33] - Cash flow from investing activities showed a net outflow of RMB 162,600 thousand, a decrease of 373.3% compared to a net inflow of RMB 59,496 thousand in the previous year, primarily due to a significant reduction in cash received from the disposal of non-current assets[14] - The net cash flow from financing activities was 2,069,580 thousand RMB, a decrease from 3,544,859 thousand RMB in the previous period[34] Shareholder Information - The number of shareholders reached 198,096, with the largest shareholder being China Petroleum & Chemical Corporation holding 65.22%[11] - The top ten shareholders held a total of 99.99% of the shares, indicating a high concentration of ownership[11] - The company did not issue preferred shares, and there were no reports of any preferred shareholders[13] Inventory and Receivables - Accounts receivable increased by 99.6% to RMB 282,013 thousand from RMB 141,132 thousand, mainly due to an increase in bill settlements by customers[14] - The company’s inventory increased to RMB 16,556,470 thousand from RMB 14,769,275 thousand, indicating a rise in stock levels[19] Other Financial Metrics - The company received government subsidies amounting to CNY 14,837 thousand during the reporting period[12] - The company incurred financial expenses of 88,572 thousand RMB, a decrease of 43.8% from 157,766 thousand RMB in the previous year[27] - The company reported an investment income of 7,673 thousand RMB in Q1 2016, compared to no investment income in the same period last year[27] - The company completed the non-public issuance of 1,333,333,333 shares of A-shares on March 3, 2016, which has been listed for trading[14]