Western Mining(SH:601168)2018-04-19 16:00Financial Performance - Net profit attributable to shareholders surged by 744.88% to CNY 338,100,948 compared to the same period last year[8]. - Operating revenue rose by 5.65% to CNY 6,716,603,484 year-on-year[8]. - The company reported a basic earnings per share of CNY 0.14, a 600% increase from CNY 0.02 in the previous year[8]. - Net profit for Q1 2018 reached CNY 413,937,215, significantly up from CNY 59,300,379 in Q1 2017, representing a year-over-year increase of 600.4%[29]. - Net profit for Q1 2018 reached CNY 95,116,305, a significant increase of 90.5% from CNY 49,991,238 in Q1 2017[32]. - Total comprehensive income attributable to the parent company was CNY 339,578,776, compared to CNY 53,551,895 in the previous year[33]. Assets and Liabilities - Total assets increased by 8.32% to CNY 34,984,902,713 compared to the end of the previous year[8]. - Total liabilities increased to CNY 21,215,707,281 from CNY 19,442,172,616, reflecting a growth of 9.1%[23]. - Total non-current liabilities increased to CNY 9,554,091,569 from CNY 7,608,658,829, reflecting a growth of 25.6%[23]. - Long-term borrowings increased by 46% compared to the beginning of the year, primarily due to new medium to long-term bank loans[13]. - Long-term borrowings increased to CNY 6,725,526,720 from CNY 4,620,526,721, a rise of 45.5%[23]. Cash Flow - Cash flow from operating activities improved by 42.50%, reaching CNY -504,333,203[8]. - Net cash flow from operating activities increased by 42% compared to the same period last year, driven by improved operating performance[16]. - Cash flow from operating activities showed a net outflow of CNY 504,333,203, an improvement from a net outflow of CNY 877,099,335 in the same period last year[35]. - Investment activities resulted in a net cash outflow of CNY 1,429,557,618, compared to a net inflow of CNY 132,962,123 in the previous year[35]. - Financing activities generated a net cash inflow of CNY 2,445,503,997, a turnaround from a net outflow of CNY 396,484,262 in the same period last year[36]. Receivables and Prepayments - Accounts receivable decreased by 99% to CNY 772,983 due to enhanced collection efforts[12]. - Prepaid accounts increased by 139% to CNY 684,211,942, indicating higher advance payments for goods[12]. - Other receivables rose by 133% to CNY 809,296,859, primarily due to increased futures margin payments[12]. - Prepayments increased by 48% compared to the beginning of the year, mainly due to an increase in prepaid goods[13]. Investments and Income - Investment income increased by 194% compared to the same period last year, mainly due to increased hedging business closing profits and investment income from financial products realized by the subsidiary Xikang Finance[15]. - The company reported an investment income of CNY 30,086,032, recovering from a loss of CNY 32,152,881 in the same period last year[29]. Shareholder Information - The number of shareholders reached 191,670, with the largest shareholder holding 28.21% of the shares[11]. - The total equity attributable to shareholders of the parent company was CNY 11,507,668,134, slightly up from CNY 11,452,208,180, showing a growth of 0.5%[23]. Other Financial Metrics - The weighted average return on net assets increased by 2.60 percentage points to 2.95%[8]. - Tax expenses increased by 72% compared to the same period last year, mainly due to an increase in operating profit[15]. - The company's cash and cash equivalents rose to CNY 2,488,079,667 from CNY 1,746,305,364, marking an increase of 42.4%[25]. - The company’s financial expenses increased to CNY 79,020,010 from CNY 43,938,107, reflecting a rise of 79.8%[32]. - The company reported a fair value change gain of CNY 25,806,830, contrasting with a loss of CNY 34,115,075 in the previous year[32].