KEC(SH:600997)2017-04-27 16:00Financial Performance - Operating revenue for the first quarter was CNY 4.70 billion, a significant increase of 79.96% compared to the same period last year[8] - Net profit attributable to shareholders was CNY 147.87 million, representing a remarkable growth of 844.09% year-on-year[8] - Basic earnings per share were CNY 0.10, a significant increase of 900% compared to the same period last year[8] - Operating profit for Q1 2017 was ¥195,100,854.28, up from ¥17,631,404.40 in Q1 2016, reflecting a growth of 1006.5%[29] - Net profit attributable to shareholders for Q1 2017 was ¥147,866,957.04, compared to ¥15,662,308.99 in Q1 2016, marking an increase of 842.5%[29] Assets and Liabilities - The company reported total assets of CNY 22.92 billion, an increase of 12.71% compared to the end of the previous year[8] - The total liabilities increased to CNY 12.11 billion from CNY 11.58 billion, reflecting a rise of approximately 4.6%[24] - The company's current assets reached CNY 9.43 billion, up from CNY 6.78 billion at the beginning of the year, indicating a growth of about 39.5%[23] - The total liabilities as of Q1 2017 amounted to ¥4,877,916,067.50, slightly up from ¥4,775,618,103.04 in the previous year[26] - The total equity increased to ¥9,163,615,279.33 in Q1 2017 from ¥6,982,033,621.56 in Q1 2016, representing a growth of 31.4%[26] Cash Flow - Net cash flow from operating activities was ¥108,875,708.83, an increase of ¥198,295,997.48 compared to the same period last year[17] - The cash inflow from operating activities increased to ¥2,727,629,707.90 from ¥2,305,628,701.12, representing a growth of approximately 18.3% year-over-year[35] - The net cash flow from operating activities turned positive at ¥108,875,708.83 compared to a negative cash flow of ¥89,420,288.65 in the previous period[35] - The total cash inflow from financing activities was ¥3,120,719,998.38, a significant increase from ¥368,149,333.35 in the prior period[36] - The net cash flow from financing activities improved to ¥1,145,822,783.49 from a negative cash flow of ¥33,672,315.31, reflecting stronger financing operations[36] Production and Sales - The company produced 202.44 million tons of raw coal, a slight decrease of 0.41% year-on-year[12] - The production of coke was 1.78 million tons, showing a year-on-year increase of 1.53%[12] - The sales of coke to external markets were 1.84 million tons, a decrease of 3.78% compared to the previous year[12] - The company continues to enhance production and operational management, focusing on quality improvement and cost reduction[12] Future Outlook - The company anticipates a significant increase in net profit for the year due to a substantial rise in coal and coke market prices[20] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[34]