中煤能源(601898) - 2016 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -223,082, a decrease of 1,573.6% compared to CNY 15,139 in the same period last year[6]. - Operating revenue for the first quarter was CNY 12,512,676, down 4.3% from CNY 13,075,000 in the previous year[6]. - The company reported a basic earnings per share of CNY -0.017, a decrease of 1,800.0% from CNY 0.001 in the same period last year[6]. - The net profit for Q1 2016 was -142.045 million RMB, a decline of 271.3% from a net profit of 82.945 million RMB in Q1 2015[19]. - The total profit for Q1 2016 was -177.556 million RMB, a decrease of 249.5% compared to a profit of 118.765 million RMB in Q1 2015[19]. - Operating profit turned negative at CNY -204,884, down from CNY 30,470 in the same period last year[47]. - The company reported a comprehensive income total of CNY -244,642, compared to CNY 2,644 in the previous period[48]. Cash Flow - Cash flow from operating activities was CNY -1,014,013, an improvement from CNY -4,207,910 in the same period last year[6]. - Cash flow from operating activities showed a net outflow of CNY -1,014,013, an improvement from CNY -4,207,910 in the previous period[54]. - Total cash inflow from operating activities was 6,180,515 thousand RMB, compared to 4,208,582 thousand RMB in Q1 2015, reflecting a year-over-year increase of approximately 46.6%[57]. - Total cash outflow for operating activities was 6,937,858 thousand RMB, a decrease from 7,674,587 thousand RMB in Q1 2015[57]. - The company’s cash flow from financing activities was significantly impacted by debt repayment of 15,000 thousand RMB, compared to 1,405,000 thousand RMB in the previous year[58]. Production and Sales - Coal production reached 2,049,000 tons, an increase of 4.0% compared to 1,971,000 tons in the same period last year[9]. - Coal sales volume increased by 25.6% to 3,041,000 tons from 2,422,000 tons in the previous year[9]. - Polypropylene sales volume rose by 25.7% to 8,800 tons compared to 7,000 tons in the same period last year[9]. - Urea production increased by 18.0% to 55,800 tons from 47,300 tons in the previous year[9]. - The sales volume of coal in Q1 2016 was 2.009 million tons, an increase of 344,000 tons compared to 1.665 million tons in Q1 2015[23]. - The sales volume of urea increased by 28.7 thousand tons, a rise of 58.6% year-on-year, while the sales price decreased by 35.8%[28]. - The sales volume of methanol rose by 2.0 thousand tons, an increase of 11.6% year-on-year, with a stable sales price[28]. Costs and Expenses - The cost of coal business in Q1 2016 was 5.355 billion RMB, down by 3.40 billion RMB from 5.695 billion RMB in Q1 2015[21]. - The gross profit from coal business in Q1 2016 was 2.822 billion RMB, an increase of 2.01 billion RMB compared to 2.621 billion RMB in Q1 2015[21]. - Financial expenses in Q1 2016 were 1.006 billion RMB, an increase of 37.1% from 733.409 million RMB in Q1 2015, primarily due to increased interest-bearing debt[19]. - The company incurred financial expenses of CNY 1,005,511, up from CNY 733,409 in the previous period, reflecting a rise of approximately 37%[47]. - Material costs (excluding purchased raw coal) decreased by RMB 12.40 per ton, down 25.4% year-on-year[27]. - The cost of purchased raw coal decreased by RMB 5.21 per ton, a significant drop of 57.3% compared to the same period last year[28]. - Labor costs fell by RMB 13.76 per ton, representing a 35.1% decrease year-on-year[27]. - Depreciation and amortization costs decreased by RMB 6.10 per ton, down 13.6% compared to Q1 2015[27]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 254,661,112, a decrease of 0.9% compared to the end of the previous year[6]. - Total current assets decreased from 62,018,579 thousand RMB at the beginning of the year to 58,578,759 thousand RMB, a decline of approximately 5.4%[39]. - Accounts receivable increased from 9,679,830 thousand RMB to 11,221,265 thousand RMB, representing a growth of about 15.9%[39]. - Cash and cash equivalents decreased from 32,197,961 thousand RMB to 27,383,220 thousand RMB, a reduction of approximately 15.0%[39]. - Total non-current assets increased from 194,960,947 thousand RMB to 196,082,353 thousand RMB, reflecting a growth of about 0.6%[40]. - Total liabilities decreased from 156,962,323 thousand RMB to 154,912,219 thousand RMB, a decline of approximately 1.3%[41]. - Total equity decreased from 100,017,203 thousand RMB to 99,748,893 thousand RMB, a reduction of about 0.3%[41]. - Short-term borrowings remained relatively stable, decreasing slightly from 5,657,929 thousand RMB to 5,636,930 thousand RMB[40]. - Long-term borrowings decreased from 54,479,691 thousand RMB to 54,012,358 thousand RMB, a decline of approximately 0.9%[41]. - The company reported an increase in inventory from 6,825,048 thousand RMB to 6,813,203 thousand RMB, a slight decrease of about 0.2%[39]. - Deferred tax assets increased from 2,580,257 thousand RMB to 2,776,300 thousand RMB, reflecting a growth of approximately 7.6%[40]. Future Outlook - The company anticipates that the cumulative net profit for the first half of 2016 may still be a loss due to macroeconomic factors and industry challenges[36]. - The company plans to strengthen operational management and cost control to improve performance amid a challenging market environment[36]. - The company has approved adjustments to related transaction limits for coal and financial services for the 2016-2017 period[33].