ZNGF(SZ:000717)2018-04-19 16:00Financial Performance - The company's operating revenue for Q1 2018 was CNY 6,106,040,059.56, representing a 15.89% increase compared to CNY 5,268,763,626.37 in the same period last year[8] - Net profit attributable to shareholders reached CNY 858,313,974.47, a significant increase of 410.42% from CNY 168,158,813.19 year-on-year[8] - The net profit after deducting non-recurring gains and losses was CNY 865,452,580.22, up 343.02% from CNY 195,354,725.66 in the previous year[8] - The basic earnings per share increased to CNY 0.3547, reflecting a growth of 410.36% compared to CNY 0.0695 in the same quarter last year[8] - Operating profit surged by 412.18% to ¥857,672,817.96, primarily driven by higher steel gross margins[15] - Net profit increased by 410.42% to ¥858,313,974.47, reflecting the rise in operating profit[15] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 13,896,925,242.80, a decrease of 3.60% from CNY 14,415,379,972.51 at the end of the previous year[8] - The net assets attributable to shareholders increased by 28.91% to CNY 3,831,855,527.09 from CNY 2,972,561,886.43 at the end of the previous year[8] - Cash and cash equivalents decreased by 58.01% to ¥457,114,520.99 due to increased loan repayments and supplier payments[15] Cash Flow - The net cash flow from operating activities improved to -CNY 99,180,809.48, an 84.55% improvement from -CNY 642,037,421.79 in the same period last year[8] - The company reported a net cash flow from operating activities of -¥99,180,809.48, an improvement of 84.55% compared to the previous year[15] Shareholder Information - The company reported a total of 136,183 common shareholders at the end of the reporting period[11] - The largest shareholder, Baowu Group Guangdong Shaoguan Steel Co., Ltd., held 53.05% of the shares, totaling 1,283,512,890 shares[11] Expenses - Sales expenses rose by 42.89% to ¥74,737,376.87, mainly due to increased transportation and storage costs[15] - Financial expenses decreased by 55.64% to ¥34,203,658.78, attributed to a significant reduction in short-term borrowings and interest expenses[15] Corporate Actions and Governance - The company is actively organizing the resumption of production following a gas leak incident at the No. 7 blast furnace[16] - The company is awaiting shareholder approval for the acquisition of 100% equity in Baote Shaoguan and related transactions[16] - The company’s controlling shareholder is in the process of issuing exchangeable bonds, pending completion[16] - The company did not report any overdue commitments from controlling shareholders or related parties during the reporting period[18] - The company has established a risk warning mechanism and strengthened risk control measures for its derivative investments, including strict authorization and position balance systems[22] - The company conducted forward foreign exchange and currency swap transactions to hedge against exchange rate and interest rate fluctuations, aligning with its operational needs[23] - The company has not engaged in any non-compliant external guarantees during the reporting period[25] - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[26] Investor Relations - The company held a series of investor communications and site visits with various institutional investors in March 2018[24]