CISC(SH:601005)2014-04-28 16:00Financial Performance - Revenue for the first quarter decreased by 41.39% to CNY 2,926,401,000 compared to CNY 4,993,011,000 in the same period last year[9] - Net profit attributable to shareholders was CNY -396,855,000, an improvement of 13.54% from CNY -458,990,000 year-on-year[9] - Operating profit for the current period is -751,734 thousand RMB, worsening from -460,464 thousand RMB in the previous period[29] - Net profit for the current period is -396,855 thousand RMB, slightly improved from -458,990 thousand RMB in the previous period[30] - The company reported a total comprehensive income of -396,855 thousand RMB for the current period, compared to -458,966 thousand RMB in the previous period[32] Cash Flow - Cash flow from operating activities was CNY 410,723,000, a significant recovery from CNY -1,475,990,000 in the same period last year[9] - Cash flow from operating activities for the current period is 410,723 thousand RMB, a significant improvement from -1,475,990 thousand RMB in the previous period[34] - Cash inflow from operating activities totaled 3,805,284, down from 5,885,915 in the prior period, indicating a decrease of approximately 35.4%[37] - Cash outflow from operating activities was 3,391,952, compared to 7,364,676 previously, reflecting a reduction of about 53.8%[37] - The net increase in cash and cash equivalents was 83,759, a recovery from a net decrease of 2,215,257 in the prior period[39] Assets and Liabilities - Total assets increased by 2.17% to CNY 49,087,423,000 compared to the end of the previous year[9] - The total current assets increased to 14,463,153 thousand RMB from 13,351,557 thousand RMB at the beginning of the year[20] - The total liabilities increased to 39,547,931 thousand RMB from 38,109,674 thousand RMB at the beginning of the year[22] - The company's retained earnings showed a deficit of -2,172,792 thousand RMB compared to -1,775,938 thousand RMB at the beginning of the year[22] Shareholder Information - The number of shareholders totaled 86,907, with 86,602 being A-shareholders and 305 H-shareholders[12] - The largest shareholder, Chongqing Iron and Steel (Group) Co., Ltd., holds 63.05% of the shares, totaling 2,796,981,600 shares[12] Government Support and Cost Management - Government subsidies received amounted to CNY 354,605,000, contributing to an increase in non-operating income[15] - The company is actively working on cost reduction and efficiency improvement measures to mitigate losses[16] Future Outlook - The company expects to incur significant losses in the next reporting period due to continued declines in steel prices[16] Earnings Per Share - The company reported a basic earnings per share of CNY -0.089, an improvement of 66.42% from CNY -0.265 in the previous year[9] - Basic and diluted earnings per share for the current period are both -0.089, compared to -0.265 in the previous period[30] Operating Costs - Total operating revenue for the current period is 2,926,401 thousand RMB, down from 4,993,011 thousand RMB in the previous period, representing a decrease of approximately 41.4%[29] - Total operating costs for the current period are 3,678,135 thousand RMB, compared to 5,453,475 thousand RMB in the previous period, indicating a decrease of about 32.5%[29] - The company recorded operating expenses of 3,150,283 thousand RMB, down from 4,964,656 thousand RMB in the previous period, reflecting a decrease of approximately 36.5%[31]