KEC(SH:600997)2014-04-24 16:00Financial Performance - The company reported a total revenue of RMB 3,582,853,822.49 for Q1 2014, a decrease of 21.15% compared to the same period last year[12]. - The net profit attributable to shareholders was RMB 50,093,713.46, down 57.75% year-on-year[12]. - The net profit attributable to the parent company's shareholders for Q1 2014 decreased by RMB 68,474,558.76, or 57.75%, totaling RMB 50,093,713.46 compared to RMB 118,568,272.22 in Q1 2013[16]. - The company reported a total comprehensive income of CNY 45,285,759.73 for Q1 2014, significantly lower than CNY 121,554,023.47 in the same quarter last year[22]. - Net profit for Q1 2014 was CNY 67,365,237.17, a decline of 52.7% compared to CNY 142,227,261.42 in Q1 2013[22]. - The net profit after deducting non-recurring gains and losses was RMB 49,185,199.80, a decrease of 58.62% year-on-year[9]. - Basic earnings per share for Q1 2014 were CNY 0.04, compared to CNY 0.10 in Q1 2013[22]. Cash Flow - The net cash flow from operating activities increased significantly to RMB 661,500,408.56, representing a 200.85% increase compared to the previous year[9]. - Operating cash flow for Q1 2014 was RMB 661.5 million, a significant increase from RMB 219.9 million in the same period last year, representing a growth of 200.5%[23]. - Total cash inflow from operating activities was RMB 3.69 billion, compared to RMB 4.15 billion in Q1 2013, indicating a decrease of 11.1%[23]. - The company reported a total cash inflow from sales of goods and services of RMB 3.67 billion, down from RMB 4.14 billion in the previous year, a decrease of 11.3%[23]. - Cash outflow from operating activities decreased to RMB 3.03 billion from RMB 3.93 billion year-over-year, a reduction of 22.1%[23]. - The net increase in cash and cash equivalents for the period was RMB 84.6 million, compared to a decrease of RMB 892.7 million in the same period last year[23]. Production and Sales - The company produced 2,191,200 tons of raw coal in Q1 2014, a slight decrease of 0.54% year-on-year[12]. - The production of coke was 1,832,500 tons, down 0.98% compared to the same period last year[12]. - The company’s production of methanol increased by 17.57% to 69,600 tons, while sales rose by 5.79% to 65,800 tons[12]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 21,268,827,656.55, an increase of 3.64% from the end of the previous year[9]. - Total liabilities as of March 31, 2014, amounted to CNY 12,372,383,366.68, an increase of 5.6% from CNY 11,716,917,363.75 at the beginning of the year[20]. - Total equity attributable to shareholders of the parent company was CNY 7,064,102,195.41, up from CNY 6,981,133,101.19 at the start of the year[20]. - The company's total current assets as of March 31, 2014, were RMB 7,546,250,299.81, up from RMB 6,937,203,882.78 at the beginning of the year[19]. - The company's inventory as of March 31, 2014, was RMB 1,399,153,662.73, an increase from RMB 1,303,882,192.70 at the beginning of the year[19]. Expenses and Receivables - Sales expenses for Q1 2014 decreased by RMB 20,673,622.41, or 32.91%, compared to the same period last year[16]. - The company’s accounts receivable increased by 47.96% to RMB 2,231,307,752.53 compared to the beginning of the year[14]. - The company's other receivables increased by RMB 13,293,625.27, primarily due to increased receivables from a subsidiary[16]. Investment Activities - The company's investment activities generated a net cash flow of -RMB 511,920,576.72 in Q1 2014, an improvement of 17.93% from -RMB 623,797,131.63 in Q1 2013[16]. - Net cash flow from investing activities was -RMB 511.9 million, a decrease from -RMB 623.8 million in the previous year, showing an improvement of 17.9%[23]. Borrowings - The company's short-term borrowings decreased to CNY 2,491,944,950.00 from CNY 2,715,920,550.00 at the beginning of the year, a reduction of 8.3%[20]. - Long-term borrowings increased to CNY 1,432,139,394.07 from CNY 1,205,459,446.10, reflecting a growth of 18.8%[20]. - Cash inflow from financing activities was RMB 1.17 billion, up from RMB 1.10 billion in Q1 2013, reflecting a growth of 39.0%[23]. - Cash outflow from financing activities decreased to RMB 1.23 billion from RMB 1.59 billion year-over-year, a reduction of 22.5%[23].