MCC(SH:601618)2016-04-26 16:00Financial Performance - Operating revenue for the reporting period was CNY 42,574,606, representing a decrease of 6.18% year-on-year[13] - Net profit attributable to shareholders was CNY 1,365,107, an increase of 7.19% compared to the same period last year[13] - The company reported a net profit of CNY 1,269,799 after deducting non-recurring gains and losses, an increase of 8.93% year-on-year[13] - Total operating revenue for Q1 2016 was CNY 42,574,606, a decrease of 4.0% from CNY 45,381,374 in the same period last year[26] - Net profit for Q1 2016 reached CNY 1,574,740, an increase of 14.7% compared to CNY 1,372,885 in Q1 2015[26] - The net profit attributable to shareholders of the parent company was CNY 1,365,107, up from CNY 1,273,480, reflecting a growth of 7.2%[26] - Net profit for Q1 2016 was CNY 3,081,000, a significant recovery from a net loss of CNY 44,105,000 in Q1 2015[28] Assets and Liabilities - Total assets as of the end of the reporting period were CNY 343,330,093, a decrease of 0.13% compared to the end of the previous year[13] - As of March 31, 2016, the total assets of China Metallurgical Group Corporation amounted to CNY 343,330,093 thousand, a slight decrease from CNY 343,762,819 thousand at the beginning of the year[21] - The company's current assets totaled CNY 275,420,458 thousand, showing a marginal decrease from CNY 275,558,793 thousand at the start of the year[21] - The total liabilities were CNY 270,685,198 thousand, down from CNY 272,607,795 thousand at the beginning of the year[22] - Total assets as of March 31, 2016, were CNY 112,562,050, a decrease of 3.4% from CNY 116,959,489 at the beginning of the year[25] - Total liabilities decreased to CNY 47,979,159, down 8.5% from CNY 52,379,678 at the beginning of the year[25] - Current assets totaled CNY 35,890,365, a decline of 8.9% from CNY 39,151,160 at the start of the year[25] Cash Flow - Cash flow from operating activities for the reporting period was CNY -7,611,531, compared to CNY -5,278,064 in the same period last year[13] - Cash flow from operating activities showed a net outflow of CNY 7,611,531,000, worsening from a net outflow of CNY 5,278,064,000 in the previous year[29] - Cash flow from investing activities generated a net inflow of CNY 121,347,000, an improvement from a net outflow of CNY 558,174,000 in the previous year[29] - Cash flow from financing activities resulted in a net inflow of CNY 7,172,636,000, up from CNY 3,141,507,000 in Q1 2015[29] - The company reported a total cash inflow from operating activities of CNY 42,899,749,000, compared to CNY 40,567,388,000 in the previous year[29] - Total cash outflow from operating activities was CNY 50,511,280,000, an increase from CNY 45,845,452,000 in Q1 2015[29] - The company recorded a significant increase in cash received from sales of goods and services, totaling CNY 42,120,032,000, compared to CNY 39,966,750,000 in the previous year[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 592,710[9] - The company’s basic earnings per share remained at CNY 0.07, unchanged from the previous year[13] - The company reported a basic earnings per share of CNY 0.07, unchanged from the previous year[27] - The company’s basic earnings per share remained at zero, indicating no earnings distribution to shareholders during this period[28] Strategic Initiatives - The company plans to adjust its non-public issuance of A-shares, which was approved by the shareholders' meeting, and is awaiting approval from the China Securities Regulatory Commission[17] - The company has committed to avoiding any business that may compete with its main operations, as stated by its controlling shareholder[19] - The company has extended the deadline for certain property rights certifications to 36 months following shareholder approval, indicating a strategic adjustment in its asset management[18] Inventory and Borrowings - The company's inventory increased to CNY 118,626,859 thousand from CNY 115,305,237 thousand, reflecting a growth of about 2.0%[21] - Short-term borrowings increased to CNY 41,016,761 thousand from CNY 36,798,152 thousand at the start of the year, indicating a rise of approximately 6.0%[22] - The company reported a decrease in accounts payable from CNY 93,413,988 thousand to CNY 85,527,820 thousand, a reduction of approximately 8.0%[22] - The total equity attributable to shareholders of the parent company was CNY 61,833,782 thousand, up from CNY 60,557,630 thousand at the beginning of the year[23]