HBIS Resources (SZ:000923)2018-11-07 16:00Financial Performance - The company's operating revenue for the first quarter of 2018 was CNY 1,144,502,348, a decrease of 11.25% compared to the same period last year[7]. - The net profit attributable to shareholders of the listed company was CNY 33,523,065.88, down 80.67% year-on-year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 32,366,023.33, an increase of 662.01% compared to the previous year[7]. - The basic earnings per share were CNY 0.05, down 87.18% year-on-year[7]. - Net profit for the current period is CNY 51,612,565.63, down 80.77% from CNY 268,377,292.53 in the previous period[37]. - Total operating revenue for the current period is CNY 1,144,502,348.00, a decrease of 11.25% compared to CNY 1,289,612,239.32 in the previous period[36]. - Operating revenue decreased by 11.25% year-on-year, impacted by adverse weather conditions leading to a decline in iron ore production and sales[18]. - Net profit attributable to shareholders decreased by 80.67% year-on-year, primarily due to decreased operating revenue and increased costs[18]. - The company reported a significant decrease in other comprehensive income, with a net amount of CNY -33,847,216.18 compared to CNY 196,798,459.91 in the previous period[38]. - Total comprehensive income for Q1 2018 was a loss of CNY 12,092,668.14, compared to a loss of CNY 759,537.20 in Q1 2017, showing a significant increase in losses[41]. Cash Flow - The net cash flow from operating activities was CNY 26,191,411.87, a decrease of 82.25% compared to the same period last year[7]. - Cash flow from operating activities generated a net inflow of CNY 26,191,411.87, down from CNY 147,567,163.18 in the previous year, reflecting a decline of approximately 82.3%[44]. - The net cash flow from operating activities was -111,807,234.23 CNY, compared to -91,121,099.45 CNY in the previous year, indicating a decline in operational cash generation[48]. - Cash inflow from financing activities was CNY 533,908,000.00 in Q1 2018, compared to CNY 670,459,568.34 in Q1 2017, indicating a decline of about 20.4%[45]. - The total cash inflow from financing activities was 428,000,000.00 CNY, down from 530,000,000.00 CNY year-over-year[48]. - The net cash flow from financing activities was 130,064,754.19 CNY, a significant improvement from -2,536,812.48 CNY in the previous year[49]. - Cash outflow from investing activities was CNY 208,899,033.02 in Q1 2018, down from CNY 232,610,003.91 in the previous year, reflecting a decrease of approximately 10.2%[45]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 13,589,263,764.86, an increase of 0.08% compared to the end of the previous year[7]. - The company's total assets increased to CNY 7,460,541,430.53 from CNY 7,383,496,165.63, reflecting a growth of 1.04%[34]. - The company's total liabilities rose to CNY 1,196,537,706.52 from CNY 1,115,050,725.78, marking an increase of 7.27%[34]. - Current assets totaled CNY 3,452,204,922.87, up from CNY 3,367,359,041.95, indicating an increase of 2.52%[34]. - The company's inventory increased to CNY 370,866,599.56 from CNY 341,052,559.96, reflecting an increase of 8.74%[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 34,992[11]. - The largest shareholder, Hebei Steel Group Co., Ltd., held 23.20% of the shares, totaling 151,414,333 shares[11]. Borrowings and Payables - Short-term borrowings increased by 23.19% compared to the beginning of the year, primarily to supplement liquidity[18]. - Long-term borrowings increased by 639.89% compared to the beginning of the year, reflecting the company's increased long-term financing needs[18]. - Accounts payable increased by 36.8% compared to the beginning of the year, due to existing payment policies affecting the timing of accounting and payments[18]. - Other payables decreased by 63.05% compared to the beginning of the year, mainly due to the repayment of due amounts[18]. Expenses - Sales expenses increased by 23.22% year-on-year, mainly due to higher transportation costs from adverse weather conditions[18]. - The company incurred operating costs of CNY 63,360,178.61 in Q1 2018, up from CNY 51,706,011.77 in Q1 2017, marking an increase of approximately 22.5%[40]. - Financial expenses for Q1 2018 were CNY 6,025,082.65, compared to CNY 5,236,552.05 in Q1 2017, indicating an increase of about 15.1%[40]. Government Support - The company received government subsidies amounting to CNY 330,100 during the reporting period[8]. Audit and Governance - The company did not undergo an audit for the first quarter report[50]. - The company’s chairman is Liu Jian, as stated in the board report[51].