FANGDA S.Steel(SH:600507)2019-04-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 15.63% to CNY 470,362,078.18 from CNY 557,492,916.46 in the same period last year[11]. - Basic earnings per share decreased by 23.81% to CNY 0.32 from CNY 0.42 in the previous year[11]. - The weighted average return on net assets fell by 4.04 percentage points to 6.79% from 10.83%[11]. - The company reported a decrease of 19.63% in net profit after deducting non-recurring gains and losses, amounting to CNY 447,153,691.43[11]. - Net profit for Q1 2019 was ¥479,559,367.82, a decrease of 14.6% from ¥561,390,829.22 in Q1 2018[74]. - Operating profit decreased to approximately ¥408.41 million in Q1 2019 from ¥601.91 million in Q1 2018, representing a decline of about 32.2%[77]. - Net profit for Q1 2019 was approximately ¥302.03 million, down from ¥438.01 million in Q1 2018, indicating a decrease of around 30.9%[77]. - The total comprehensive income for Q1 2019 was approximately ¥300.23 million, compared to ¥438.01 million in Q1 2018, reflecting a decline of about 31.5%[80]. Revenue and Costs - Operating revenue rose by 1.90% to CNY 3,936,178,978.00 compared to CNY 3,862,859,022.23 in the previous year[11]. - Total operating revenue for Q1 2019 was ¥3,936,178,978, an increase of 1.9% compared to ¥3,862,859,022 in Q1 2018[72]. - Total operating costs for Q1 2019 were ¥3,351,870,707.90, up from ¥3,128,427,277.80 in Q1 2018, reflecting a year-over-year increase of 7.1%[72]. Cash Flow - Net cash flow from operating activities was negative at CNY -1,075,069,030.96, a significant decline from CNY 236,811,808.71 in the same period last year[11]. - Cash flow from operating activities showed a net outflow of approximately ¥1.08 billion in Q1 2019, compared to a net inflow of ¥236.81 million in Q1 2018[84]. - The company reported cash inflow from financing activities of approximately ¥952.09 million in Q1 2019, down from ¥2.01 billion in Q1 2018[84]. - The net cash flow from financing activities for Q1 2019 was 86,947,750.04 RMB, compared to 1,372,952,299.2 RMB in Q1 2018[89]. Assets and Liabilities - Total assets increased by 37.03% to CNY 13,179,247,586.42 compared to the end of the previous year[11]. - Current liabilities rose significantly to ¥7,973,416,761.42 from ¥2,801,564,691.83, marking an increase of approximately 184.5%[62]. - Total liabilities reached ¥8,102,567,931.63, compared to ¥2,881,478,037.08, representing an increase of approximately 181.5%[46]. - The company reported a total liability of ¥8,793,436,412.93, compared to ¥3,599,422,170.05 in the previous year, indicating a significant increase[72]. - Total equity for the company was ¥3,964,759,994.39, down from ¥5,801,896,120.99 in the previous year[72]. Shareholder Information - The total number of shareholders at the end of the reporting period was 75,068[16]. - The largest shareholder, Jiangxi Fangda Steel Group Co., Ltd., held 36.24% of the shares[16]. Inventory and Receivables - Accounts receivable and notes receivable rose dramatically to ¥2,295,689,947.00, up 368.77% from ¥489,725,577.74 in the previous year, primarily due to a reduction in settlement amounts[21]. - The company’s inventory stood at ¥1,151,195,231.07, slightly up from ¥1,118,327,636.71, indicating stable inventory management[29]. - Other receivables increased significantly to ¥390,664,538.93, up 641.66% from ¥52,674,183.56, attributed to an increase in receivables from transactions[21]. Financial Adjustments and Standards - The company has implemented new financial instrument standards since January 1, 2019, affecting the classification and measurement of financial instruments[104]. - The company did not make retrospective adjustments to prior comparative data under the new financial instrument standards[104]. - The company did not require an audit report for the current period[104].