BSGCO(SZ:000959)2017-04-26 16:00Financial Performance - The company's operating revenue for Q1 2017 was ¥15,143,471,941.07, representing a 90.52% increase compared to the same period last year[8]. - Net profit attributable to shareholders was ¥496,597,901.20, a significant turnaround from a loss of ¥482,320,447.32 in the previous year, marking a 174.64% increase[8]. - The net profit after deducting non-recurring gains and losses was ¥490,751,441.84, compared to a loss of ¥520,943,582.48 in the same period last year, reflecting a 194.20% improvement[8]. - Basic earnings per share increased to ¥0.0939 from a loss of ¥0.0912, representing a 174.63% increase[8]. - Operating profit for the quarter was CNY 775.08 million, recovering from a loss of CNY 937.85 million in the previous year[37]. - The total comprehensive income for the quarter was CNY 2.59 billion, compared to a loss of CNY 1.73 billion in the previous year[37]. - The net profit for the current period was ¥203,856,355.93, compared to a net loss of ¥341,985,096.05 in the previous period, indicating a turnaround in profitability[39]. - The total comprehensive income for the current period was ¥2,017,025,952.02, compared to a loss of ¥1,167,555,933.42 in the previous period, reflecting a substantial improvement[40]. Cash Flow and Liquidity - The net cash flow from operating activities was ¥702,388,559.71, up 32.36% from ¥295,552,261.27 in the previous year[8]. - The net cash flow from operating activities was 25,167,602.97 yuan, a significant decrease of 93.6% compared to 392,219,790.36 yuan in the previous period[45]. - Cash inflow from operating activities totaled 2,085,896,874.71 yuan, a decline of 51.8% compared to 4,319,545,893.33 yuan last year[45]. - Cash outflow from operating activities was 2,060,729,271.74 yuan, down 47.5% from 3,927,326,102.97 yuan in the previous period[45]. - Cash and cash equivalents decreased to ¥1,115,039,651.86 from ¥1,923,148,683.29, a decline of approximately 42.0%[28]. - Cash and cash equivalents at the end of the period totaled ¥717,362,362.65, down from ¥1,162,542,064.64 at the end of the previous period, indicating a decrease in liquidity[44]. - The company reported a cash increase of -289,343,236.68 yuan for the period, compared to a positive increase of 17,021,887.12 yuan in the previous period[47]. Assets and Liabilities - Total assets at the end of the reporting period were ¥131,964,222,261.09, a 3.74% increase from the previous year[8]. - Total liabilities increased to ¥95,786,617,520.73 from ¥93,626,013,942.48, which is an increase of approximately 2.3%[30]. - Total current assets increased to ¥16,828,554,483.87 from ¥13,997,077,300.74, representing a growth of approximately 20.9%[28]. - Total non-current assets reached ¥115,135,667,777.22, up from ¥113,208,862,732.23, indicating a growth of about 1.7%[29]. - The total equity attributable to shareholders rose to ¥26,693,861,116.62 from ¥24,381,433,034.94, showing an increase of about 9.5%[30]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 97,086[11]. - The largest shareholder, Shougang Group, held 79.38% of the shares, amounting to 4,198,760,871 shares[11]. Business Operations and Strategy - The company's operating revenue increased significantly due to rising steel prices, with a notable increase in net cash flow from operating activities compared to the same period last year[15]. - The company plans to inject its mining subsidiary into the listed company within three years post-restructuring to reduce related party procurement[16]. - The company aims to complete internal integration of its steel-related businesses within three to five years following the restructuring[15]. - The company plans to inject its iron ore business assets into Beijing Shougang Co., Ltd. within three years after the completion of the restructuring[17]. - The company aims to create favorable conditions for the injection of iron ore business assets and will initiate the process immediately after the restructuring is completed[17]. Compliance and Governance - The company committed to ensuring that the restructuring will not compromise its independence and will maintain compliance with regulatory requirements[16]. - The company reported no non-compliance with external guarantees during the reporting period[23]. - There were no non-operational fund occupations by controlling shareholders or related parties during the reporting period[24]. - The company did not conduct an audit for the first quarter report[48]. Investment and Income - Investment income saw an increase due to higher profits from equity method accounted entities[15]. - The company achieved an investment income of ¥5,831,157.58 from joint ventures, compared to ¥1,666,067.20 in the previous period, highlighting improved performance in this area[39]. - The company reported an investment income of CNY 11.78 million, a recovery from a loss of CNY 0.62 million in the previous year[37].