ZHUYE GP(SH:600961)2018-04-10 16:00Financial Performance - Operating revenue decreased by 15.85% to CNY 2,778,633,072.94 compared to the same period last year[6] - Net profit attributable to shareholders was CNY -88,990,655.05, a decrease of 670,623.88% compared to the previous year[6] - Net profit for Q1 2018 was a loss of CNY 32,127,820.75, compared to a profit of CNY 2,765,988.61 in Q1 2017[25] - The company reported a basic and diluted earnings per share of CNY -0.06 for Q1 2018, compared to CNY 0.005 in Q1 2017[26] - The company’s total comprehensive income for Q1 2018 was -46,765,324.29 RMB, reflecting the overall financial difficulties faced during the period[28] Cash Flow - Cash flow from operating activities was CNY -30,009,401.41, an improvement from CNY -38,071,995.62 in the previous year[6] - Operating cash flow for Q1 2018 was -30,009,401.41 RMB, an improvement from -38,071,995.62 RMB year-over-year, showing a reduced cash burn in operations[30] - The company reported a decrease in cash received from operating activities, totaling 3,396,253,923.24 RMB, down from 3,759,867,781.45 RMB in the previous year, suggesting declining operational efficiency[30] - The net cash flow from operating activities was -$99,175,680.65, an improvement from -$127,641,373.95 in the previous quarter, indicating a reduction in cash outflow[34] - The total cash outflow from operating activities was $2,964,853,908.74, down from $3,300,178,342.06 in the previous quarter, reflecting improved operational efficiency[34] Assets and Liabilities - Total assets increased by 13.82% to CNY 6,625,426,865.43 compared to the end of the previous year[6] - Total assets at the end of the reporting period were CNY 6.63 billion, an increase from CNY 5.82 billion at the beginning of the year[18] - Total liabilities amounted to CNY 6.45 billion, up from CNY 5.62 billion at the beginning of the year[18] - Total liabilities rose to CNY 6,323,216,669.46 in Q1 2018, up from CNY 5,644,281,906.95 in Q1 2017, indicating an increase of 12.0%[22] Investments - Investment income increased by CNY 1,481.36 million, mainly from profits on futures contracts[12] - Net cash flow from investing activities was CNY -38,948.60 million, a decrease of CNY 37,566.21 million year-on-year due to increased investment in a 300,000-ton zinc project[12] - Investment activities resulted in a net cash outflow of -389,486,001.65 RMB, compared to -13,823,898.07 RMB in the previous year, highlighting increased investment expenditures[31] - Cash inflow from investment activities was $35,000,000.00, compared to $1,097,093.91 in the previous quarter, showing a significant increase in cash recovery from investments[34] Shareholder Information - The number of shareholders at the end of the period was 34,466[8] - The total equity attributable to shareholders decreased to CNY 70,654,813.64 from CNY 117,420,137.93 year-over-year, a drop of 39.8%[22] Inventory and Receivables - Accounts receivable at the end of the reporting period reached CNY 174.50 million, an increase of 84.87% compared to the beginning of the year, primarily due to increased receivables from downstream customers within the credit limit[13] - Inventory at the end of the reporting period was CNY 2.20 billion, reflecting a 33.79% increase from the beginning of the year, attributed to increased raw material reserves for production[13] - Prepayments at the end of the reporting period amounted to CNY 404.57 million, up 71.12% from the beginning of the year, mainly due to advance payments for a 300,000-ton zinc project[13] Financial Management - Financial expenses decreased by CNY 1,700.18 million, primarily due to increased exchange gains[12] - The company incurred financial expenses of 38,428,493.18 RMB, a decrease from 44,946,243.11 RMB in the previous year, indicating cost management efforts[28] - Cash paid to employees was $98,676,235.33, down from $106,894,297.81 in the previous quarter, suggesting cost control measures[34]