CHALCO(SH:601600)2018-04-23 16:00Financial Performance - Operating revenue decreased by 10.47% to CNY 36,670,187 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 19.40% to CNY 308,643 compared to the same period last year[6] - Cash flow from operating activities decreased by 41.22% to CNY 1,488,836 compared to the same period last year[6] - Basic earnings per share decreased by 20.83% to CNY 0.019[6] - Total operating revenue for Q1 2018 was CNY 36,670,187, a decrease of 10.4% compared to CNY 40,959,055 in the same period last year[35] - Net profit for Q1 2018 was CNY 490,829, down 24.5% from CNY 650,074 in the previous year[35] - Operating profit decreased to CNY 697,796, a decline of 13.9% from CNY 811,144 in Q1 2017[35] - Total operating costs for Q1 2018 were CNY 36,582,325, a decrease of 9.8% compared to CNY 40,238,980 in the same period last year[35] - Total comprehensive income for Q1 2018 was CNY 565,512, slightly up from CNY 562,805 in the previous year[35] Asset and Liability Management - Total assets increased by 1.21% to CNY 202,570,201 compared to the end of the previous year[6] - The company's current assets decreased to CNY 67,708,343 thousand from CNY 68,349,306 thousand, primarily due to a reduction in cash and cash equivalents[30] - Short-term borrowings increased significantly to CNY 36,154,247 thousand from CNY 30,834,442 thousand, indicating a rise in financial leverage[31] - The total liabilities rose to CNY 135,316,953 thousand from CNY 134,632,737 thousand, reflecting an increase in both current and non-current liabilities[31] - The total current liabilities decreased to CNY 87,659,183 thousand from CNY 89,976,902 thousand, indicating better short-term financial management[31] Shareholder Equity - Net assets attributable to shareholders increased by 28.24% to CNY 50,627,025 compared to the end of the previous year[6] - The equity attributable to shareholders of the parent company increased to CNY 50,627,025 thousand from CNY 39,478,450 thousand, showing a growth in retained earnings and capital reserves[31] Cash Flow and Investments - Cash flow from operating activities generated a net inflow of CNY 1,488,836, down 41.2% from CNY 2,532,902 in the same period last year[39] - The company experienced a cash outflow from financing activities of CNY 8,382,781, compared to an outflow of CNY 2,795,163 in the previous year[40] - Investment income increased by 89% year-on-year, mainly due to increased investment income from mergers not under common control[25] - The company reported a significant increase in investment income to CNY 228,245, up from CNY 120,690 in the previous year[35] Accounts Receivable and Inventory - Accounts receivable increased by 52% compared to the beginning of the year, mainly due to uncollected product payments[13] - Prepayments increased by 172% compared to the beginning of the year, mainly due to an increase in unsettled contract payments[14] - The company's inventory increased to CNY 23,117,609 thousand from CNY 20,346,709 thousand, suggesting a buildup of stock[30] Long-term Investments and Projects - The long-term investments decreased to CNY 12,065,682 thousand from CNY 12,942,654 thousand, indicating a potential divestment or depreciation in value[30] - The company has ongoing construction projects with capitalized costs increasing to CNY 13,201,711 thousand from CNY 9,845,319 thousand, reflecting investment in future capacity[30] Return on Equity - The weighted average return on equity decreased by 0.31 percentage points to 0.69%[6]