鲁西化工(000830) - 2017 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2017 was ¥3,707,719,993.35, representing a 57.35% increase compared to ¥2,356,386,839.39 in the same period last year[8]. - Net profit attributable to shareholders was ¥240,207,551.16, a significant increase of 1,427.65% from ¥15,724,021.38 in the previous year[8]. - Basic and diluted earnings per share were both ¥0.141, compared to a loss of ¥0.008 in the same period last year, reflecting an increase of 1,862.50%[8]. - The estimated cumulative net profit for the period from the beginning of the year to the next reporting period is expected to be between 450 million and 550 million yuan, representing a growth of 251.37% compared to the previous year[19]. - Basic earnings per share are expected to increase to 0.261 to 0.329 yuan, reflecting a growth of 422.00% year-on-year[19]. - The total profit for Q1 2017 was CNY 317,122,977.54, up from CNY 18,627,207.94 in the previous year, reflecting an increase of approximately 1701.5%[38]. - The company's operating profit for Q1 2017 was CNY 310,291,801.89, compared to CNY 7,622,016.86 in Q1 2016, marking an increase of around 4,066.5%[38]. - The total operating revenue for the first quarter of 2017 was CNY 3,707,719,993.35, an increase of 57.3% compared to CNY 2,356,386,839.39 in the same period last year[37]. Cash Flow - The net cash flow from operating activities reached ¥696,782,145.31, a remarkable turnaround from a negative cash flow of ¥44,606,990.52 in the same period last year, marking a 1,662.05% increase[8]. - The cash inflow from operating activities in Q1 2017 was CNY 4,416,040,717.83, significantly higher than CNY 2,721,792,460.95 in the same period last year, representing an increase of approximately 62.3%[45]. - Cash inflow from operating activities totaled 1,333,837,653.30 yuan, compared to 683,198,701.54 yuan in the previous period, indicating a 95.4% increase[48]. - Cash outflow from operating activities was 1,555,894,283.12 yuan, up from 1,013,187,183.99 yuan, representing a 53.6% increase[48]. - The net cash flow from investing activities was -430,547,804.49 yuan, worsening from -345,399,305.04 yuan in the previous period[50]. - The net cash flow from financing activities was 576,668,415.24 yuan, compared to 1,083,086,257.66 yuan in the previous period, reflecting a decline of 46.8%[50]. Assets and Liabilities - Total assets at the end of the reporting period were ¥25,244,319,794.95, a slight increase of 0.72% from ¥25,064,533,125.22 at the end of the previous year[8]. - The total assets of the company at the end of the first quarter were CNY 22,209,425,768.18, compared to CNY 22,021,811,233.31 at the beginning of the year, indicating a slight increase of 0.85%[34]. - The total liabilities decreased to CNY 14,268,207,363.08 from CNY 14,172,624,266.78, showing a reduction of 0.67%[35]. - The company's total equity attributable to shareholders increased to CNY 8,686,832,806.97 from CNY 8,441,179,294.79, marking a growth of 2.9%[32]. - Short-term borrowings decreased to approximately 6.712 billion yuan from 6.794 billion yuan at the beginning of the year[30]. - The long-term borrowings decreased to CNY 967,500,000.00 from CNY 1,172,500,000.00, a reduction of 17.4%[35]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 86,562[13]. - The largest shareholder, 鲁西集团有限公司, held 33.60% of the shares, amounting to 492,248,464 shares, with 196,300,000 shares pledged[13]. Operational Highlights - Operating revenue increased by 57.35% year-on-year, primarily due to an increase in production and sales volume[16]. - Net profit increased by 1,427.65% year-on-year, driven by increased production and sales volume as well as rising product prices[16]. - Management expenses rose by 51.01% year-on-year, mainly due to increased R&D investment and depreciation expenses[16]. - The company is experiencing a market recovery for its main products, with sales prices increasing and product profitability enhancing[19]. - Inventory as of March 31, 2017, was approximately 1.613 billion yuan, compared to 1.547 billion yuan at the beginning of the year[29]. - The company's financial expenses for Q1 2017 were CNY 112,395,265.12, compared to CNY 95,048,860.00 in Q1 2016, showing an increase of about 18.2%[38]. - The company's sales expenses for Q1 2017 were CNY 100,508,554.29, slightly higher than CNY 94,689,397.69 in the previous year, reflecting an increase of about 6.5%[38]. - The tax expenses for Q1 2017 amounted to CNY 76,915,426.38, compared to CNY 2,903,186.56 in Q1 2016, representing a significant increase of approximately 2,548.5%[38].