上峰水泥(000672) - 2016 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2016 was ¥350,230,830.66, a decrease of 30.38% compared to ¥503,096,134.13 in the same period last year[8] - The net profit attributable to shareholders was a loss of ¥30,720,105.90, representing a decline of 207.51% from a profit of ¥28,573,024.99 in the previous year[8] - The overall profit margin for the company fell significantly, with total profit amounting to -¥3,049.81 million, a decline of 178.63% from ¥3,878.87 million in the previous year[17] - The company experienced a 30.38% decline in total operating income, primarily due to decreased market demand and lower product prices in the cement industry[17] Cash Flow - The net cash flow from operating activities decreased by 78.34%, amounting to ¥24,334,432.52 compared to ¥112,354,605.80 in the prior year[8] - Operating cash flow decreased by 78.34% to 2,433.44 million from 11,235.46 million, mainly due to lower cash received from sales[25] - Investment cash flow improved by 31.28% to -3,099.28 million from -4,509.72 million, attributed to seasonal impacts and reduced fixed asset investment[25] - Financing cash flow decreased by 101.42% to 189.19 million from -13,331.93 million, primarily due to increased external financing[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,520,661,065.19, down 3.36% from ¥4,678,063,999.59 at the end of the previous year[8] - The company's total liabilities decreased by 16.55% due to the settlement of maturing notes[16] - Accounts receivable increased by 31.59% to 4,161.97 million from 3,162.79 million[19] - Accounts payable decreased by 16.55% to 44,302.73 million from 53,090.55 million[19] Inventory and Expenses - The company's total inventory decreased by 17.13%, indicating a reduction in stock due to improved sales since March[16] - Inventory decreased by 17.13% to 26,007.72 million from 31,382.44 million[19] - Sales expenses decreased by 25.41% due to a decline in product sales volume and lower shipping and packaging costs[20] - Management expenses increased by 29.04% primarily due to the expansion of the company's management scale[21] - Financial expenses decreased by 55.38% as a result of lower financing rates and reduced bill discounting amounts[22] - Other income decreased by 93.54% due to a reduction in subsidy income[23] Government Subsidies and Dividends - The company reported a government subsidy of ¥920,998.32, which is included in the non-recurring gains and losses[9] - The company has committed to distributing cash dividends of no less than 10% of the distributable profits each year, provided that the company is profitable and has positive retained earnings[29] - The company will cumulatively distribute profits in cash amounting to no less than 30% of the average annual distributable profits over the last three years[29] Compliance and Governance - There are no violations regarding external guarantees during the reporting period[31] - There are no non-operating fund occupations by controlling shareholders or their affiliates during the reporting period[32] Return on Equity - The weighted average return on equity was -1.78%, a decrease of 3.41% from 1.63% in the same period last year[8]