XSS(SH:600117)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders of the listed company was CNY -97,951,214.75, a decrease of 708.27% year-on-year[12] - Operating revenue for the period was CNY 1,695,667,302.20, down 10.11% from the same period last year[12] - The net cash flow from operating activities was CNY -216,636,866.42, a significant decline of 1,754.64% compared to the previous year[12] - Basic earnings per share were CNY -0.09, a decrease of 550.00% year-on-year[12] - Total profit decreased by 1,749.39% to -¥79,747,112.24 from ¥4,834,956.22, mainly impacted by the pandemic and prior period gains from equity disposals[22] - Net profit attributable to the parent company was -¥97,951,214.75, a decline of 708.27% compared to ¥16,103,179.18 in the previous period, also due to pandemic effects and prior gains[24] - Net profit for Q1 2020 was a loss of ¥85,190,497.04, compared to a profit of ¥11,071,102.64 in Q1 2019[47] - The company reported a net loss attributable to shareholders of ¥97,951,214.75 in Q1 2020, compared to a profit of ¥16,103,179.18 in Q1 2019[47] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 21,232,532,516.37, an increase of 1.07% compared to the end of the previous year[12] - Total liabilities increased to ¥16,419,712,331.04 from ¥16,114,933,144.58, representing a growth of 1.89%[32] - Current liabilities rose to ¥10,717,187,569.70 from ¥10,396,281,460.68, indicating an increase in short-term financial obligations[30] - Long-term borrowings increased slightly to ¥4,973,760,000.00 from ¥4,924,640,000.00, showing a stable financing structure[30] - Total equity decreased to ¥4,812,820,185.33 from ¥4,893,226,345.59, reflecting a decline of 1.67%[32] - Non-current liabilities totaled ¥4,948,836,934.17, slightly down from ¥4,959,096,047.49, a decrease of 0.22%[39] - Total assets increased to ¥14,058,606,315.39 from ¥13,795,460,906.28, reflecting a growth of 1.90%[39] Cash Flow - Cash flow from operating activities was -¥216,636,866.42, a significant decline from -¥11,680,786.57, primarily due to prepayments for purchases[24] - Cash flow from investing activities increased by 83.79% to ¥270,308,927.55 from ¥147,071,094.90, mainly due to proceeds from equity transfers[24] - Cash flow from financing activities decreased by 190.82% to -¥132,777,931.76 from ¥146,192,634.50, primarily due to loan repayments[24] - Cash inflow from operating activities for Q1 2020 was $458,569,325.90, down from $623,951,693.97 in Q1 2019, representing a decrease of approximately 26.5%[63] - Cash outflow from operating activities totaled $668,846,196.36 in Q1 2020, compared to $640,206,234.55 in Q1 2019, indicating an increase of about 4.5%[63] - Net cash flow from operating activities was -$210,276,870.46 for Q1 2020, worsening from -$16,254,540.58 in Q1 2019[63] - Net cash flow from investing activities was $299,024,657.55 in Q1 2020, up from $154,678,337.12 in Q1 2019, showing an increase of approximately 93.5%[63] Shareholder Information - The total number of shareholders at the end of the reporting period was 59,833[18] - The largest shareholder, Xining Special Steel Group Co., Ltd., held 35.37% of the shares[18] Government Support and Other Income - The company received government subsidies amounting to CNY 36,665,820.66 during the reporting period[16] - The company reported a total of CNY 37,279,736.94 in non-operating income and expenses[16] - Other business income increased by 68.27% to ¥72,842,676.52 from ¥43,289,699.34 due to a reduction in the scope of consolidation leading to increased related party transactions[22] - Other business costs rose by 78.81% to ¥73,420,833.24 from ¥41,060,135.36, primarily due to the same reasons as the increase in other business income[22] Research and Development - Research and development expenses for Q1 2020 were ¥14,097.22, significantly lower than ¥449,459.04 in Q1 2019[45] Financial Ratios - The total liabilities to total assets ratio is approximately 76.7%, indicating a high leverage position[73]