柳钢股份(601003) - 2016 Q1 - 季度财报

Financial Performance - Operating revenue for the period was CNY 6,146,594,219.26, a decrease of 6.70% year-on-year[7] - Net profit attributable to shareholders was CNY 15,416,353.80, a significant recovery from a loss of CNY 346,987,013.55 in the same period last year[7] - Net profit for the period was RMB 15 million, an increase of RMB 362 million compared to the same period last year, attributed to a rebound in steel prices and effective production and sales strategies[13] - The company's operating revenue for Q1 2016 was ¥6,146,594,219.26, a decrease of 6.69% compared to ¥6,587,748,427.51 in the previous year[22] - The net profit for Q1 2016 was ¥15,416,353.80, a significant recovery from a net loss of ¥346,987,013.55 in the same period last year[22] Assets and Liabilities - Total assets decreased by 9.30% to CNY 20,521,762,465.89 compared to the end of the previous year[7] - The total liabilities decreased from ¥18,188,065,923.77 to ¥16,066,739,487.42, a reduction of about 11.6%[21] - Cash and cash equivalents at the end of the period amounted to RMB 2.47 billion, a decrease of RMB 1.35 billion or 35.37% compared to the beginning of the year[13] - The total equity increased slightly from ¥4,438,219,261.50 to ¥4,455,022,978.47, reflecting a growth of approximately 0.4%[21] Cash Flow - Cash flow from operating activities improved to CNY 493,416,365.14, compared to a negative cash flow of CNY -1,283,418,280.64 in the previous year[7] - Operating cash flow net amount was RMB 493 million, an increase of RMB 1.78 billion compared to the same period last year, driven by increased profits and reduced inventory[13] - The cash flow from operating activities generated a net amount of ¥493,416,365.14, compared to a net outflow of ¥1,283,418,280.64 in the previous year[24] Shareholder Information - The total number of shareholders reached 90,120 at the end of the reporting period[10] - The largest shareholder, Guangxi Liuzhou Iron and Steel (Group) Company, holds 82.51% of the shares[10] Earnings Per Share - Basic and diluted earnings per share were CNY 0.0060, recovering from a loss of CNY -0.1354 in the previous year[7] - The basic and diluted earnings per share for Q1 2016 were both ¥0.0060, recovering from a loss of ¥0.1354 per share in the same period last year[23] Costs and Expenses - The company reported a decrease in operating costs from ¥6,484,047,594.54 to ¥5,769,730,853.49, a reduction of approximately 11%[22] - Financial expenses decreased to RMB 94 million, down RMB 45 million or 32.59% year-on-year, due to reduced borrowing costs and increased foreign exchange gains[13] - The company’s financial expenses decreased from ¥139,455,022.82 to ¥94,008,979.24, a decline of about 32.5%[22] Other Financial Information - Non-recurring gains and losses amounted to a net loss of CNY 4,054,489.40 for the period[8] - Cash and cash equivalents at the end of the period were ¥2,335,166,289.60, down from ¥2,377,511,562.66 at the end of the previous year[24] - Accounts receivable increased to RMB 358 million, up RMB 123 million or 52.23% from the beginning of the year, mainly due to increased customer freight advances and receivables from slag[13] - Construction in progress increased to RMB 305 million, up RMB 89 million or 41.38% from the beginning of the year, reflecting ongoing project investments[13] - Prepayments increased to RMB 196 million, up RMB 96 million or 96.19% from the beginning of the year, primarily due to prepayments for imported raw materials[13] - Tax payable increased to RMB 209 million, up RMB 103 million or 97.71% from the beginning of the year, mainly due to increased VAT payable[13] - Other current assets decreased to zero, down RMB 99 million or 100% from the beginning of the year, as the excess VAT paid was gradually offset[13] Legal Matters - The company is currently involved in legal disputes regarding receivables, with amounts due from clients totaling RMB 38.34 million and RMB 17 million respectively[14] Product Development - The company did not disclose any new product developments or market expansion strategies in this report[6]