CHALCO(SH:601600)2016-04-28 16:00Financial Performance - Operating revenue for the period was CNY 20,874,798, representing a decline of 23.81% year-on-year[6] - Net profit attributable to shareholders was CNY 19,198, down 60.00% from the previous year[6] - Basic and diluted earnings per share were both CNY 0.001, a decrease of 75.00% compared to the previous year[6] - Total operating revenue for Q1 2016 was CNY 20,874,798, a decrease of 23.8% from CNY 27,396,775 in the same period last year[22] - Net profit for Q1 2016 was CNY 39,179, compared to CNY 73,172 in the previous year, reflecting a decline of 46.4%[22] - The total comprehensive income for Q1 2016 was CNY -130,428, compared to CNY 104,570 in the same period last year[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 186,865,149, a decrease of 1.44% compared to the end of the previous year[6] - The company's total assets decreased to CNY 112,821,744 from CNY 114,077,430 at the beginning of the year, a reduction of 1.1%[19] - Current assets totaled CNY 34,598,382, down from CNY 35,711,700, indicating a decrease of 3.1%[19] - Total liabilities decreased from ¥138,973,302 to ¥136,692,153, indicating a reduction in financial obligations[16] - Total liabilities amounted to CNY 77,324,835, a decrease of 1.6% from CNY 78,547,221 at the start of the year[19] Cash Flow - Cash flow from operating activities was CNY 207,300, a significant improvement from a negative CNY 157,440 in the same period last year[6] - Cash inflow from operating activities totaled RMB 27,254,929 thousand, down 18% from RMB 33,218,042 thousand in the previous period[28] - Cash outflow from operating activities decreased to RMB 27,047,629 thousand, compared to RMB 33,375,482 thousand in the previous period, reflecting a reduction of approximately 19%[28] - Cash inflow from financing activities was RMB 6,373,647 thousand, down 75% from RMB 25,425,871 thousand in the previous period[29] - The net increase in cash and cash equivalents was -RMB 6,485,430 thousand, contrasting with an increase of RMB 1,637,551 thousand in the previous period[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 502,820[8] - The largest shareholder, China Aluminum Company, held 4,889,864,006 shares, representing 32.81% of the total[8] Investment and Income - Non-operating income for the period totaled CNY 627,506, with significant contributions from government subsidies and investment income[9] - Investment income decreased by 91%, mainly due to significant gains from the disposal of equity in joint ventures in the same period last year[11] - Other comprehensive income decreased by 45%, attributed to changes in the gains from futures hedging tools[11] Strategic Initiatives - The company is in the process of strategic transformation and structural adjustment, focusing on core business areas[12] - The company aims to resolve competition issues with China Aluminum Corporation within five years based on market conditions[12] Cost Management - The gross profit margin improved by 1.84 percentage points, with manufacturing costs for electrolytic aluminum and alumina decreasing by approximately 25% and 16% year-on-year, respectively[11] - Total operating costs for Q1 2016 were CNY 21,252,312, down 25% from CNY 28,340,398 year-on-year[22]