ZCE(SH:600121)2020-04-28 16:00Financial Performance - Operating revenue decreased by 43.27% to CNY 569,247,719.05 year-on-year[6] - Net profit attributable to shareholders was CNY -149,711,438.55, a decrease of 1,878.40% compared to the same period last year[6] - Cash flow from operating activities showed a significant decline, amounting to CNY -557,373,666.33, a decrease of 2,223.62% year-on-year[6] - Basic and diluted earnings per share were both CNY -0.1229, a decrease of 1,580.72% compared to the previous year[6] - The weighted average return on equity dropped to -5.57%, a decrease of 5.80 percentage points from the previous year[6] - The company reported an operating loss of ¥138,808,039.67 for Q1 2020, compared to an operating profit of ¥52,172,500.99 in Q1 2019[26] - Net profit for Q1 2020 was ¥-143,804,280.39, compared to a net profit of ¥33,032,078.12 in Q1 2019, indicating a significant decline[28] - Total comprehensive income for Q1 2020 was ¥-154,420,530.39, compared to ¥49,918,328.12 in Q1 2019[28] Assets and Liabilities - Total assets increased by 11.75% to CNY 15,020,670,235.01 compared to the end of the previous year[6] - The company's total liabilities increased to ¥11,492,197,106.27 from ¥9,620,139,421.67, reflecting a significant rise in financial obligations[19] - The company's total equity rose to ¥2,603,275,535.50 as of March 31, 2020, compared to ¥2,492,462,048.17 at the end of 2019, marking an increase of 4.4%[24] Shareholder Information - The total number of shareholders reached 44,842 at the end of the reporting period[10] - The largest shareholder, Zhengzhou Coal Industry (Group) Co., Ltd., holds 63.83% of the shares, with 369,230,000 shares pledged[10] Revenue and Sales - The company's operating revenue for the current period is ¥569,247,719.05, a decrease of 43.27% compared to the previous period of ¥1,003,493,125.26, primarily due to a decline in production and sales volume as well as selling prices[12] - The average selling price of coal decreased to ¥346.16 per ton, down by ¥76.2 per ton or 17.58% compared to the same period last year, leading to a sales revenue decrease of ¥1.07 billion[13] - The company reported a significant decrease in cash received from sales, totaling ¥602,448,225.46 in Q1 2020, down from ¥1,278,847,256.05 in Q1 2019[34] Cash Flow and Expenses - Cash and cash equivalents increased to ¥4,228,915,260.10 as of March 31, 2020, up from ¥3,251,384,633.12 at the end of 2019, representing a growth of 30.0%[22] - The company incurred financial expenses of ¥46,879,358.06 in Q1 2020, compared to ¥39,319,257.95 in Q1 2019, an increase of 19.5%[26] - Cash outflow from operating activities totaled 1,019,275,423.01 RMB in Q1 2020, significantly higher than 609,473,364.00 RMB in Q1 2019, indicating increased operational costs[37] Production and Inventory - The company produced 1.65 million tons of raw coal in the first quarter, a decrease of 250,000 tons compared to the same period last year, resulting in an increase in raw coal cost by ¥18.27 per ton[13] - Inventory levels increased to ¥220,168,798.32 as of March 31, 2020, compared to ¥177,667,947.65 at the end of 2019, representing a growth of 23.9%[22] Tax and Non-Recurring Items - The company's income tax expense decreased by 73.78% to ¥6,463,059.77 from ¥24,650,309.51, mainly due to a reduction in profit[12] - The company reported a total of CNY 1,248,037.40 in non-recurring gains and losses[8] - Government subsidies recognized in the current period amounted to CNY 2,581,006.26[8]