XSS(SH:600117)2019-04-29 16:00Financial Performance - Operating revenue increased by 13.91% to CNY 1,886,374,826.03 year-on-year[12] - Net profit attributable to shareholders increased by 43.16% to CNY 16,103,179.18 compared to the same period last year[12] - Basic earnings per share doubled to CNY 0.02, up 100.00% from CNY 0.01 in the previous year[12] - Operating profit decreased by 70.88% to CNY 4,128,634.02, attributed to a decline in coking prices at a subsidiary[26] - Net profit excluding non-recurring gains and losses was -CNY 46,397,907.42, a decrease of 674.37% year-on-year[12] - Total operating revenue for Q1 2019 was ¥1,886,374,826.03, an increase of 13.9% compared to ¥1,656,000,850.24 in Q1 2018[51] - Net profit for Q1 2019 was ¥11,071,102.64, compared to ¥13,407,284.95 in Q1 2018, indicating a decrease of 17.4%[52] - Net profit for Q1 2019 reached RMB 14,550,474.65, compared to a net profit of RMB 1,243,168.57 in Q1 2018, marking a significant increase[56] Cash Flow - Net cash flow from operating activities improved by 95.31%, reaching -CNY 11,680,786.57[12] - Cash flow from operating activities showed a net outflow of RMB 11,680,786.57 in Q1 2019, an improvement from a net outflow of RMB 248,816,659.18 in Q1 2018[63] - Cash inflow from operating activities totaled $623.95 million, an increase from $440.03 million in the same quarter last year, reflecting a growth of approximately 42%[69] - Net cash flow from operating activities was negative $16.25 million, an improvement from negative $238.20 million year-over-year[69] - The company’s total cash outflow from operating activities was RMB 838,227,717.06 in Q1 2019, slightly down from RMB 840,180,860.66 in Q1 2018[63] Assets and Liabilities - Total assets decreased by 3.00% to CNY 22,815,339,244.77 compared to the end of the previous year[12] - Total assets rose to CNY 8,570,980,279.96, up from CNY 6,974,129,991.24, indicating growth in current assets[32] - Total liabilities decreased from 21,856,112,111.66 to 21,135,416,939.81, a reduction of about 3.3%[37] - Current liabilities decreased from 16,184,103,554.36 to 15,165,666,366.07, a reduction of about 6.3%[36] - Total assets reached ¥23,519,850,077.39, with non-current assets accounting for ¥8,937,454,785.82[85] Shareholder Information - The total number of shareholders reached 69,021 by the end of the reporting period[18] - The largest shareholder, Xining Special Steel Group Co., Ltd., holds 35.37% of the shares, totaling 369,669,184 shares[18] - Total equity increased from 1,663,737,965.73 to 1,679,922,304.96, an increase of approximately 1%[37] Other Financial Metrics - The weighted average return on net assets increased by 1.11 percentage points to 1.47%[12] - The company received government subsidies amounting to CNY 7,242,552.99 during the reporting period[15] - Research and development expenses for Q1 2019 were ¥449,459.04, significantly lower than ¥8,247,512.84 in Q1 2018, indicating a decrease of 94.5%[51] - The company reported a financial expense of ¥168,878,970.25, which increased from ¥143,066,227.51 in the previous year[51] - The company reported a capital reserve of ¥2,042,378,545.84 and a surplus reserve of ¥192,495,280.10[79] Future Outlook - The company plans to continue focusing on market expansion and new product development to enhance future growth prospects[24]