hbky(SH:600985)2015-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 43.93% to CNY 17,446,953.11 year-on-year[6] - Operating revenue declined by 14.65% to CNY 177,189,660.40 compared to the same period last year[6] - Basic and diluted earnings per share both decreased by 44.44% to CNY 0.10[6] - The net profit attributable to the parent company decreased by 43.93% year-on-year, amounting to CNY 17,446,953.11 compared to CNY 31,118,983.46 in the same period last year[15] - The company's net profit for Q1 2015 was CNY 16,241,566.74, a decrease of 47.3% compared to CNY 30,783,137.57 in the same period last year[29] - The total profit for Q1 2015 was CNY 987,750.67, down 83.2% from CNY 5,875,151.04 in Q1 2014[31] Cash Flow - Cash flow from operating activities turned negative at CNY -17,625,645.35, a decrease of 217.48% compared to the previous year[6] - The net cash flow from operating activities was negative at CNY -8,004,360.39, worsening from CNY -6,859,315.79 year-over-year[36] - The cash outflows from operating activities totaled CNY 59,412,248.22, compared to CNY 50,012,457.20 in the prior year, indicating an increase of about 18.5%[36] - The company experienced a net decrease in cash and cash equivalents of CNY -10,536,673.59, compared to a decrease of CNY -9,292,696.28 in the previous year[36] - The ending balance of cash and cash equivalents was CNY 42,719,306.29, down from CNY 55,564,875.41 year-over-year, reflecting a decline of approximately 23.1%[36] Assets and Liabilities - Total assets increased by 1.53% to CNY 1,477,639,036.85 compared to the end of the previous year[6] - The company's total equity increased to CNY 1,182,451,087.23 from CNY 1,160,169,213.26 at the beginning of the year, reflecting a growth of 1.9%[22] - Total liabilities were CNY 295,187,949.62, showing a slight decrease from CNY 295,194,705.63 at the start of the year[22] - The total current assets as of March 31, 2015, were CNY 637,723,762.09, up from CNY 615,154,707.41 at the beginning of the year[19] Shareholder Information - The total number of shareholders reached 10,265 at the end of the reporting period[10] - The largest shareholder, Huai Bei Mining Group, holds 34.86% of the shares, totaling 61,079,079 shares[10] Income and Expenses - The company reported a significant increase in other income, which rose by 40.64% to CNY 979,995.81, mainly from government subsidies for technological upgrades[15] - Sales expenses increased to CNY 4,728,092.17 in Q1 2015, up 104.0% from CNY 2,318,317.32 in Q1 2014[31] - Management expenses rose to CNY 10,682,171.66, an increase of 7.3% compared to CNY 9,954,557.77 in the previous year[31] Investment Activities - The investment income increased to CNY 256,657.53, primarily due to gains from investments in subsidiaries[15] - The net cash flow from investment activities improved by 32.66%, reaching negative CNY 12,542,705.85 compared to negative CNY 18,624,630.06 in the previous year[16] - Total cash inflows from investment activities were CNY 623,132.83, significantly higher than CNY 136,724.85 in the previous year, showing an increase of about 355.5%[36] Operational Metrics - The weighted average return on equity decreased by 1.51 percentage points to 1.63%[6] - The company reported a net profit margin of approximately 10.5% for Q1 2015, compared to 10.5% in the same period last year[28] - The operating profit for Q1 2015 was CNY 977,340.67, a significant decline of 83.4% from CNY 5,863,781.04 in the previous year[31]