金煤科技(600844) - 2017 Q1 - 季度财报

Financial Performance - Operating revenue surged by 96.99% to CNY 310,975,841.96 from CNY 157,862,578.23 year-on-year[14] - Net profit attributable to shareholders reached CNY 43,519,290.79, a significant recovery from a loss of CNY 34,834,917.90 in the same period last year[6] - Operating profit for Q1 2017 was CNY 46,929,192.57, compared to a loss of CNY 65,150,450.48 in Q1 2016[29] - Net profit for Q1 2017 reached CNY 57,450,204.91, a significant recovery from a net loss of CNY 63,406,339.53 in the previous year[29] - The net profit attributable to shareholders of the parent company was CNY 43,519,290.79, compared to a loss of CNY 34,834,917.90 in Q1 2016[29] Cash Flow - Cash flow from operating activities increased dramatically by 2,092.53% to CNY 126,793,541.04 compared to CNY 5,782,989.50 in the previous year[6] - The net cash flow from operating activities increased to ¥126,793,541.04, a significant rise of 2092.53% compared to the same period last year[16] - Cash flow from operating activities for Q1 2017 was CNY 359,600,091.33, compared to CNY 195,536,519.98 in Q1 2016, indicating a 83.7% increase[35] - The net cash flow from operating activities for Q1 2017 was ¥126,793,541.04, a significant increase compared to ¥5,782,989.50 in the previous year, reflecting a growth of approximately 2,188%[36] - The company reported cash outflows from operating activities totaling ¥241,270,853.77, which is an increase from ¥199,500,336.70 in the previous year, reflecting a rise of approximately 21%[36] Assets and Liabilities - Total assets increased by 3.67% to CNY 3,430,717,275.12 compared to the end of the previous year[6] - Current assets totaled ¥551,693,526.97, slightly up from ¥546,628,995.91 at the start of the year[20] - Current liabilities increased to ¥543,995,825.01 from ¥489,988,772.94 at the beginning of the year[21] - The company's total liabilities reached ¥982,796,504.04, compared to ¥918,679,342.12 at the start of the year[22] - Total liabilities as of Q1 2017 amounted to CNY 381,449,139.49, an increase from CNY 264,669,244.77 in the previous year[29] Equity - The weighted average return on equity improved to 2.32% from -4.35% in the previous year[6] - The total equity attributable to shareholders was ¥1,899,779,932.96, up from ¥1,856,260,642.17 at the beginning of the year[22] - Total equity for the company was CNY 2,805,619,480.11, slightly down from CNY 2,807,271,881.20 in the same period last year[29] Operating Costs and Expenses - Operating costs increased by 31.99% to CNY 188,296,944.22, driven by higher sales volumes[14] - Total operating costs for Q1 2017 were CNY 264,046,649.39, up from CNY 223,013,028.71, representing an increase of 18.4%[29] - Financial expenses decreased by 59.31% to CNY 6,819,591.84, due to reduced bank borrowings[14] - The company reported a financial expense of CNY 6,819,591.84 in Q1 2017, down from CNY 16,757,999.43 in the same period last year, a decrease of 59.3%[29] Investments - The net cash flow from investing activities decreased to -¥212,295,006.66, reflecting a decline of 171.33% year-on-year due to investments in industrial funds[16] - The cash outflow for investment activities was primarily due to cash payments for fixed assets totaling ¥150,000,000.00, which was unchanged from the previous year[39] Financing Activities - Short-term borrowings increased by 111.25% to CNY 169,000,000.00, attributed to additional loans taken by the company and its subsidiaries[12] - The net cash flow from financing activities fell to ¥31,779,543.34, down 74.28% compared to the previous year, primarily due to reduced bank borrowings by a subsidiary[16] - Total cash inflow from financing activities was ¥159,000,000.00, down from ¥320,000,000.00 in the previous year, indicating a decrease of about 50%[37] - The net cash flow from financing activities was positive at ¥31,779,543.34, compared to ¥123,550,663.72 in the previous year, indicating a decrease of about 74%[37] Production and Sales - The subsidiary Tongliao Jinmei Chemical Co., Ltd. produced 40,700 tons of ethylene glycol with sales revenue of ¥243,941,400, and produced 17,700 tons of oxalic acid with sales revenue of ¥46,706,400[17] - The ethylene glycol capacity expansion project, with an investment of ¥550 million, is nearing completion and expected to commence operations in the second quarter[17] Government Subsidies - Government subsidies received increased significantly, contributing to a rise in non-operating income by 413.89% to CNY 8,862,665.50[14] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[29]