LIUSTEELCO(SH:601003)2018-04-27 16:00Financial Performance - Operating revenue for the period reached CNY 11.35 billion, a 25.49% increase from CNY 9.04 billion in the same period last year[6] - Net profit attributable to shareholders surged by 416.29% to CNY 1.05 billion, compared to CNY 202.60 million in the previous year[6] - Basic earnings per share increased by 416.06% to CNY 0.4082 from CNY 0.0791[6] - The company's operating revenue for Q1 2018 was CNY 11,350,405,697.74, an increase of 25.5% compared to CNY 9,044,651,619.12 in the same period last year[22] - The net profit for Q1 2018 reached CNY 1,046,005,250.13, significantly up from CNY 202,598,382.85 in Q1 2017, representing a growth of 417.5%[22] - The operating profit for Q1 2018 was CNY 1,230,300,072.69, compared to CNY 197,252,671.71 in Q1 2017, marking a growth of 523.5%[22] Asset and Equity Changes - Total assets decreased by 2.42% to CNY 22.52 billion compared to the end of the previous year[6] - Net assets attributable to shareholders increased by 14.54% to CNY 8.25 billion year-on-year[6] - The total assets as of March 31, 2018, were CNY 22,515,922,280.03, a decrease from CNY 23,073,917,245.23 at the beginning of the year[20] - The company's total liabilities decreased to CNY 14,270,063,213.13 from CNY 15,874,719,313.09, indicating a reduction of 10.1%[20] - The total equity increased to CNY 8,245,859,066.90 from CNY 7,199,197,932.14, an increase of 14.5%[20] Cash Flow Analysis - Cash flow from operating activities was CNY 1.29 billion, a significant improvement from a negative CNY 659.29 million in the previous year[6] - The company's short-term borrowings decreased to CNY 5,144,371,291.12 from CNY 6,720,875,922.89, a reduction of 23.4%[19] - The cash and cash equivalents at the end of Q1 2018 were CNY 2,605,428,971.50, down from CNY 3,114,641,377.27 at the beginning of the year, a decline of 16.3%[18] - The company's inventory as of March 31, 2018, was CNY 4,684,182,256.67, slightly down from CNY 4,769,405,443.91 at the beginning of the year, a decrease of 1.8%[18] - Total cash inflow from operating activities was ¥7,922,247,897.44, while total cash outflow was ¥6,630,262,251.80, resulting in a net cash inflow of ¥1,291,985,645.64[24] - Net cash flow from operating activities improved significantly to ¥1,291,985,645.64, compared to a negative cash flow of ¥-659,285,562.87 in the previous period[24] Expense and Management Costs - Management expenses rose by 53.2% to CNY 162 million, mainly due to higher labor costs and R&D expenses[12] Financing Activities - The company reported a net cash outflow from financing activities of CNY 1.63 billion, a decrease of 187% year-on-year[13] - Cash inflow from financing activities decreased to ¥1,104,612,471.84, down from ¥4,189,740,049.76, reflecting a decline of approximately 73.6%[25] - Net cash flow from financing activities was negative at ¥-1,627,701,284.56, contrasting with a positive cash flow of ¥1,871,838,947.19 in the prior period[25]