SCMF(SZ:000731)2017-04-18 16:00Financial Performance - The company's operating revenue for Q1 2017 was ¥705,594,078.01, representing a 6.55% increase compared to ¥662,239,625.96 in the same period last year[8] - Net profit attributable to shareholders was ¥32,667,568.61, a significant increase of 792.00% from a loss of ¥4,720,770.84 in the previous year[8] - The net profit after deducting non-recurring gains and losses was ¥30,827,062.49, up 496.44% from a loss of ¥7,775,983.82 in the same period last year[8] - The basic earnings per share rose to ¥0.0552, compared to a loss of ¥0.0080 in the previous year, marking a 790.00% increase[8] Assets and Liabilities - The company's total assets decreased by 11.09% to ¥4,215,996,214.24 from ¥4,742,034,451.78 at the end of the previous year[8] - The net assets attributable to shareholders increased by 1.37% to ¥2,500,389,147.09 from ¥2,466,713,252.00 at the end of the previous year[8] - The company reduced short-term borrowings by ¥31,500,000, a decrease of 40% compared to the previous year[15] Cash Flow - Cash flow from operating activities was negative at -¥56,826,005.79, a decline of 238.91% compared to -¥16,767,368.94 in the same period last year[8] - Net cash flow from operating activities decreased by 40.0586 million yuan, a decline of 239% year-on-year, mainly due to significant prepayments for fertilizer products in the previous year[16] - Net cash flow from investing activities increased by 92.1587 million yuan, an increase of 70% year-on-year, attributed to reduced cash expenditures for the LNG project construction compared to last year[16] - Net cash flow from financing activities decreased by 498.9845 million yuan, a drop of 432% year-on-year, primarily due to a reduction in loan scale and repayment of bank borrowings[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 59,522, with the largest shareholder holding 12.18% of the shares[11] Expenses and Taxation - Sales expenses increased by 11.7985 million yuan, a rise of 53% year-on-year, primarily due to changes in pricing settlement models and the company absorbing transportation costs[16] - The company reported a 320% increase in taxes and surcharges, amounting to an increase of ¥2,938,100 compared to the previous year[15] Future Projections - The company forecasts a cumulative net profit for the period to be between 30 million and 50 million yuan, indicating a potential turnaround from previous losses[19] - Basic earnings per share are projected to be between 0.0507 and 0.0845 yuan, reflecting an increase compared to the previous year[19] Operating Profit - Operating profit increased by 43.3099 million yuan, a surge of 784% year-on-year, driven by a market recovery and higher sales prices for key products like urea and melamine[16]