hbky(SH:600985)2016-05-04 16:00Financial Performance - Net profit attributable to shareholders decreased by 15.70% to CNY 14,707,890.64 year-on-year[8] - Operating revenue declined by 3.82% to CNY 170,424,979.65 compared to the same period last year[8] - Basic earnings per share dropped by 40.00% to CNY 0.06 per share[8] - The company reported a 64.06% decrease in non-operating income to 352,216.95, primarily due to a government subsidy of 750,000 received in the same period last year[15] - Total operating revenue for Q1 2016 was CNY 170,424,979.65, a decrease of 3.3% from CNY 177,189,660.40 in the previous period[32] - Net profit for Q1 2016 was CNY 13,093,849.41, a decline of 19.8% compared to CNY 16,241,566.74 in the same period last year[33] - Total comprehensive income for Q1 2016 was CNY 611,756.62, down from CNY 987,750.67 in the previous year, indicating a decline of approximately 38%[35] Cash Flow - The net cash flow from operating activities improved by 67.46%, reaching CNY -5,735,616.00[8] - The company's net cash flow from operating activities decreased by 67.46% to -5,735,616.00, primarily due to a reduction in sales revenue and increased payment for goods and services[16] - Cash inflow from operating activities was CNY 184,553,124.87, a decrease of 6% compared to CNY 197,356,401.17 in the same period last year[36] - Net cash flow from operating activities was negative CNY 5,735,616.00, an improvement from negative CNY 17,625,645.35 in Q1 2015[35] - Cash inflow from investment activities totaled CNY 30,592,114.43, significantly higher than CNY 2,028,254.55 in Q1 2015[36] - Net cash flow from investment activities was negative CNY 283,674,830.17, worsening from negative CNY 12,542,705.85 in the same period last year[36] - Cash inflow from financing activities was CNY 300,000,000.00, with a net cash flow of CNY 296,475,480.07, compared to a net outflow of CNY 407,215.25 in Q1 2015[36] - The company reported a net cash increase of CNY 7,065,033.90 during the quarter, contrasting with a decrease of CNY 30,575,566.45 in the same period last year[36] Assets and Liabilities - Total assets increased by 22.85% to CNY 1,966,423,633.28 compared to the end of the previous year[8] - Current assets totaled ¥666,746,047.92, an increase of 11% from ¥600,564,455.79 at the start of the year[24] - Total liabilities amounted to CNY 530,665,622.47, compared to CNY 213,319,896.00 in the previous period[30] - Current liabilities rose to ¥459,560,667.10, an increase of 49.4% from ¥307,281,483.55 at the beginning of the year[26] - Non-current liabilities increased significantly to ¥233,901,659.55, compared to ¥34,131,401.02 at the start of the year, indicating a growth of over 585%[26] - Total equity reached ¥1,272,961,306.63, up from ¥1,259,308,326.61, showing a modest increase of 1.1%[26] Shareholder Information - The total number of shareholders reached 19,946 at the end of the reporting period[12] - The largest shareholder, Huai Bei Mining Group, holds 31.26% of the shares, totaling 82,155,692 shares[13] - The company has committed to not reducing its shareholding in the secondary market for six months to stabilize stock prices[19] Investments and Projects - Construction in progress increased by 48.79% to CNY 36,609,241.56, mainly due to new projects by the subsidiary[14] - Government subsidies recognized in the current period amounted to CNY 205,370.90, primarily related to a boiler renovation project[7] - Other non-current assets increased by 222.22% to 435,000,000.00, primarily due to the acquisition of mining rights worth 300 million[15] - Short-term borrowings increased by 500.00% to 120,000,000.00, reflecting a rise of 100 million in short-term loans[15] - The company plans to issue non-public shares, with the stock being suspended from trading since March 28, 2016, for a period not exceeding 10 trading days[17] Financial Ratios - The weighted average return on net assets decreased by 0.31 percentage points to 1.32%[8] - Financial expenses rose by 585.35% to 1,454,826.25, mainly due to interest expenses from loans amounting to 1,092,300.00[15] - The company recorded investment income of CNY 50,000.00, down from CNY 256,657.53 in the previous period[33]