SHANGHAI ENERGY(SH:600508)2019-04-23 16:00Financial Performance - Net profit attributable to shareholders was ¥242,925,032.40, a decrease of 28.67% year-on-year[12]. - Operating revenue for the quarter was ¥1,862,670,792.90, reflecting a growth of 6.34% compared to the same period last year[12]. - Basic earnings per share decreased to ¥0.34, down 27.66% from ¥0.47 in the previous year[12]. - The weighted average return on equity was 2.52%, a decrease of 1.2 percentage points compared to the previous year[12]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, which was ¥237,141,275.94, down 30.01% year-on-year[12]. - The net profit for the period was 225,932,123.66 RMB, a decrease of 31.62% compared to the same period last year due to reduced coal production[25]. - Net profit for Q1 2019 was ¥225,932,123.66, a decrease of 31.59% from ¥330,420,517.12 in Q1 2018[48]. - The total profit for Q1 2019 was CNY 268,009,159.54, a decrease from CNY 288,154,958.50 in Q1 2018[53]. Assets and Liabilities - Total assets reached ¥15,711,927,500.03, an increase of 5.65% compared to the previous year[12]. - The company’s total liabilities and equity structure indicates a stable financial position despite the decline in net profit[12]. - Total liabilities increased to ¥5,841,032,063.90 from ¥5,204,806,912.54, reflecting a growth of approximately 12.23%[36]. - Current liabilities decreased to ¥4,492,016,449.79 from ¥4,604,130,425.73, a reduction of approximately 2.43%[34]. - Total liabilities amounted to $4,129,253,318.72, a decrease of $538,687,995.00 compared to the previous period[79]. - Total equity attributable to shareholders reached ¥9,870,895,436.13, up from ¥9,667,560,919.45, indicating an increase of about 2.10%[36]. - The total equity of the company rose to ¥8,942,366,508.19, up from ¥8,769,714,026.66, indicating an increase of 1.96%[43]. Cash Flow - Net cash flow from operating activities was ¥904,734,239.62, representing a significant increase of 30.83% year-on-year[12]. - The net cash flow from operating activities increased by 30.83% to 904,734,239.62 RMB compared to the same period last year[26]. - The cash flow from operating activities for Q1 2019 was CNY 904,734,239.62, an increase from CNY 691,532,811.53 in Q1 2018[56]. - The company's cash and cash equivalents increased by 560.01% from the beginning of the period to 1,179,728,878.44 RMB[22]. - The company's cash and cash equivalents at the end of Q1 2019 totaled CNY 1,090,577,167.73, an increase of 40.1% from CNY 778,468,354.83 at the end of Q1 2018[65]. - The net cash flow from investing activities improved by 38.01%, with a net outflow of 192,437,367.02 RMB[26]. - The cash flow from investing activities for Q1 2019 was negative at CNY -192,437,367.02, indicating a net outflow compared to CNY -310,410,981.17 in Q1 2018[58]. Shareholder Information - The total number of shareholders at the end of the reporting period was 47,991[18]. - The largest shareholder, China Coal Energy Company Limited, held 62.43% of the shares[18]. Research and Development - Research and development expenses for Q1 2019 were ¥856,658.72, significantly higher than ¥380,489.68 in Q1 2018, representing an increase of 125.00%[45]. - Research and development expenses for Q1 2019 were CNY 856,658.72, significantly higher than CNY 380,489.68 in Q1 2018, indicating increased investment in innovation[50]. Other Financial Metrics - The company incurred a long-term loan of 285,000,000.00 RMB, marking a 100% increase from the previous period[22]. - The company reported a decrease in tax expenses to ¥35,776,662.49 from ¥46,452,772.17, a reduction of 22.73% year-over-year[45]. - The company's other comprehensive income after tax was ¥2,801,018.83, contributing positively to the overall financial position[48]. - The total comprehensive income attributable to the parent company for Q1 2019 was CNY 245,726,051.23, compared to CNY 340,558,775.31 in Q1 2018[50].