鞍钢股份(000898) - 2016 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2016 was RMB 11,274 million, a decrease of 24.64% compared to RMB 14,961 million in the same period last year[8] - The net profit attributable to shareholders of the listed company was a loss of RMB 615 million, a significant decline of 3,336.84% from a profit of RMB 19 million in the previous year[8] - The basic and diluted earnings per share were both negative RMB 0.085, a decline of 2,933.33% from RMB 0.003 in the previous year[8] - Operating profit for Q1 2016 was RMB -792 million, compared to RMB 10 million in Q1 2015, indicating a significant decline[37] - The company reported a comprehensive income total of RMB -626 million for Q1 2016, compared to RMB 56 million in Q1 2015[38] - The net profit attributable to shareholders decreased to RMB 253 million from RMB 868 million, a decline of approximately 70.9%[31] Cash Flow - The net cash flow from operating activities was negative RMB 1,385 million, representing a decrease of 248.45% compared to RMB 933 million in the same period last year[8] - Cash flow from operating activities for Q1 2016 was RMB -1,385 million, a decline from RMB 933 million in Q1 2015, highlighting cash flow challenges[42] - Net cash flow from operating activities turned negative at RMB -1,337 million compared to a positive RMB 968 million in the previous period[20] - Cash outflow from investment activities totaled RMB 142 million, down from RMB 950 million, indicating a reduction in investment spending[20] - Cash inflow from financing activities was RMB 6,305 million, slightly down from RMB 6,370 million[20] - The company experienced a net decrease in cash and cash equivalents of RMB 1,225 million during the period[46] Assets and Liabilities - Total assets at the end of the reporting period were RMB 90,044 million, an increase of 1.63% from RMB 88,596 million at the end of the previous year[8] - The total liabilities of the company were RMB 46,977 million, compared to RMB 44,915 million at the beginning of the period, representing an increase of 4.59%[31] - Total liabilities increased to RMB 44,700 million in Q1 2016 from RMB 42,833 million at the start of the year, indicating rising debt levels[34] - The company's current assets totaled RMB 25,446 million, up from RMB 23,595 million at the beginning of the period, indicating a growth of approximately 7.85%[30] - The inventory level increased to RMB 8,364 million from RMB 8,008 million, reflecting a rise of 4.44%[30] Operational Challenges - The decrease in operating revenue was primarily due to lower sales prices of steel products compared to the same period last year[15] - The company experienced an increase in operating expenses due to higher fixed asset disposal losses during the reporting period[15] - The company continues to explore internal potential and implement various cost-reduction measures, although these efforts were insufficient to offset the losses from declining steel prices[15] Other Financial Metrics - The company confirmed a deferred tax asset impact due to a decrease in income tax expenses, attributed to the current period's losses[15] - Unappropriated profits decreased by RMB 615 million compared to the end of the previous year, due to losses incurred during the reporting period[17] - Financial liabilities measured at fair value and recognized in profit or loss increased by RMB 22 million compared to the end of the previous year, due to increased floating losses on futures contracts[16] - Other comprehensive income decreased by RMB 11 million compared to the end of the previous year, influenced by changes in the fair value of shares in Hunan Zhuzhou Smelter Group Co., Ltd.[17]