SLSVC(SH:600123)2020-04-27 16:00Financial Performance - Operating revenue decreased by 20.20% to CNY 1,507,188,328.84 year-on-year[5] - Net profit attributable to shareholders decreased by 74.29% to CNY 53,972,541.14 compared to the same period last year[5] - Basic earnings per share decreased by 74.32% to CNY 0.0472 compared to the same period last year[5] - Total profit decreased by 68.66% to ¥83,687,537.57 from ¥267,058,339.56, mainly due to a decline in product prices[13] - Investment income dropped by 61.27% to ¥22,795,526.74 from ¥58,854,891.35, attributed to decreased profits from associated companies[13] - Net profit for Q1 2020 was CNY 22,266,709.06, a significant decline of 87.5% from CNY 178,098,451.07 in Q1 2019[19] - Operating profit for Q1 2020 was CNY 87,277,649.87, down 67.8% from CNY 271,568,776.02 in Q1 2019[19] - The total profit for Q1 2020 was CNY 83,687,537.57, a decrease of 68.7% from CNY 267,058,339.56 in Q1 2019[19] Cash Flow - Cash flow from operating activities decreased by 77.02% to CNY 47,444,710.12 compared to the previous year[5] - The company reported a significant increase in cash flow from financing activities due to bond issuance[12] - In Q1 2020, the net cash flow from operating activities was ¥47,444,710.12, a decrease of 77% compared to ¥206,417,019.75 in Q1 2019[22] - Cash inflow from financing activities increased to ¥3,138,000,000.00, up 27.8% from ¥2,465,230,000.00 in the same quarter last year[23] - The net cash flow from financing activities was ¥1,207,335,870.36, compared to ¥294,639,180.65 in Q1 2019, indicating a significant improvement[22] Production and Sales - Coal production decreased by 14.43% to 1,913,000 tons compared to the same period last year[8] - Sales volume of coal decreased by 8.69% to 1,809,400 tons year-on-year[8] - Urea production increased by 17.14% to 207,800 tons compared to the same period last year[8] - Sales revenue from urea increased by 3.37% to CNY 328,270,000 compared to the previous year[8] Assets and Liabilities - Total assets increased by 5.41% to CNY 26,943,051,933.99 compared to the end of the previous year[5] - Total liabilities increased to approximately $15.97 billion from $14.70 billion, reflecting a rise of about 8.6%[16] - Current liabilities totaled approximately $10.26 billion, down from $10.90 billion, indicating a decrease of about 5.8%[16] - The company's total equity reached approximately $10.97 billion, compared to $10.86 billion, showing an increase of about 1.0%[16] - The total non-current liabilities surged to approximately $5.71 billion from $3.80 billion, reflecting an increase of about 50.3%[16] Shareholder Information - The first major shareholder, Shanxi Lanhua Coal Industry Group Co., Ltd., holds 45.11% of the shares, totaling 515,340,000 shares[10] Strategic Outlook - The company aims to enhance its market position through strategic investments and cost management initiatives moving forward[19] Other Financial Metrics - The weighted average return on equity decreased by 1.53 percentage points to 0.51%[5] - Financial expenses increased to CNY 85,959,339.10 in Q1 2020, up from CNY 74,763,910.85 in Q1 2019[19] - The company reported an asset impairment loss of CNY -13,914,347.34 in Q1 2020, compared to CNY -3,595,181.12 in Q1 2019[19]