MCC(SH:601618)2018-04-27 16:00Financial Performance - Operating revenue for the first quarter reached CNY 55,197,434 thousand, a 24.94% increase year-on-year[9] - Net profit attributable to shareholders was CNY 1,564,451 thousand, reflecting a 20.41% increase compared to the same period last year[9] - The company reported a net profit of CNY 1,660,907 thousand for the first quarter, up 15.20% year-on-year[9] - Total operating revenue for Q1 2018 was CNY 55,197,434, an increase of 24.9% compared to CNY 44,180,003 in the same period last year[29] - Net profit for Q1 2018 reached CNY 1,959,480, representing a 16.1% increase from CNY 1,687,621 in Q1 2017[29] Earnings and Shareholder Information - Basic earnings per share rose to CNY 0.08, an increase of 14.29% from CNY 0.07 in the previous year[9] - The total equity attributable to shareholders increased by 1.98% to CNY 84,032,612 thousand compared to the end of the previous year[9] - The total number of shareholders is 438,070[13] - The top ten shareholders hold a total of 12,265,108,500 shares, accounting for 59.18% of the total shares[13] - The top shareholder, China Metallurgical Group Corporation, holds 12,265,108,500 shares, with no shares under lock-up[13] Assets and Liabilities - Total assets increased by 1.76% to CNY 421,756,810 thousand compared to the end of the previous year[9] - The company's cash and cash equivalents decreased to CNY 38,570,204,000 from CNY 43,593,622,000, reflecting a decline of approximately 11.6%[21] - Accounts receivable stood at CNY 72,298,044,000, slightly down from CNY 73,448,468,000, indicating a decrease of about 1.6%[21] - Inventory increased to CNY 125,429,292,000 from CNY 118,255,492,000, representing a growth of approximately 6.3%[21] - Current liabilities totaled CNY 284,137,109,000, up from CNY 280,146,719,000, marking an increase of about 1.1%[22] Cash Flow and Financial Activities - The net cash flow from operating activities improved to CNY -12,871,484 thousand, a significant reduction from CNY -16,853,505 thousand in the previous year[9] - Cash flow from operating activities showed a net outflow of RMB 12,871,484,000, which is an improvement from the outflow of RMB 16,853,505,000 in the previous year, indicating a 23.5% reduction in cash outflow[36] - Cash inflow from financing activities was RMB 36,857,054,000, an increase from RMB 32,594,060,000 in the previous year, marking a growth of 13.8%[37] - The company reported cash outflow from investing activities of RMB 3,435,338,000, which is higher than RMB 2,854,288,000 in the same period last year, indicating a 20.3% increase in investment expenditures[37] Future Outlook and Strategic Plans - The company plans to continue expanding its market presence and investing in new technologies and products[9] - The company anticipates potential significant changes in net profit compared to the previous year, with a warning regarding possible losses[19] Other Financial Metrics - Non-recurring gains and losses totaled CNY 96,456 thousand, including CNY 7,740 thousand from the disposal of non-current assets[10] - The weighted average return on net assets increased by 0.19 percentage points to 2.54%[9] - Financial expenses reached 895,862 thousand RMB, up 57.6% primarily due to increased exchange losses from subsidiaries[16] - The company completed a private placement of 1,613,619,170 shares at a price of 3.86 RMB per share, raising a net amount of 6.173 billion RMB[15]