CTM(SH:600711)2019-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 86.51% to CNY 20,868,341.23 year-on-year[10] - Operating revenue slightly declined by 0.32% to CNY 5,793,856,217.94 compared to the same period last year[10] - Basic earnings per share dropped by 89.32% to CNY 0.011 from CNY 0.103 year-on-year[10] - The weighted average return on net assets decreased by 3.04 percentage points to 0.28%[10] - Net profit decreased by approximately 141.58 million RMB compared to the same period last year, primarily due to a decline in cobalt prices affecting trade profitability[26] - Net profit for Q1 2019 was CNY 12,853,486.14, down from CNY 154,437,312.79 in Q1 2018, indicating a significant decline of approximately 91.67%[54] - Total operating revenue for Q1 2019 was CNY 5,793,856,217.94, a slight decrease from CNY 5,812,590,254.06 in Q1 2018, representing a year-over-year decline of approximately 0.32%[50] - Operating profit for Q1 2019 was a loss of ¥52.95 million, compared to a profit of ¥117.95 million in Q1 2018[60] - Net profit for Q1 2019 was a loss of ¥39.52 million, down from a profit of ¥104.12 million in Q1 2018, indicating a significant decline[60] Assets and Liabilities - Total assets increased by 4.81% to CNY 14,127,975,976.04 compared to the end of the previous year[10] - The total assets of the company reached CNY 14,127,975,976.04, compared to CNY 13,479,058,477.66 at the end of 2018, representing a growth of about 4.8%[41] - Total liabilities increased to CNY 6,540,419,765.54 from CNY 5,893,750,345.12, marking an increase of approximately 11.0%[40] - The total current assets amounted to CNY 7,318,934,620.94, an increase from CNY 6,403,710,739.83 as of December 31, 2018, representing a growth of approximately 14.3%[33] - Total liabilities increased to CNY 4,102,035,258.53 from CNY 3,969,315,891.98, marking an increase of approximately 3.34%[49] - Current liabilities reached ¥4.44 billion, showing a decrease of ¥7.27 million from ¥4.45 billion[77] - Total liabilities were approximately ¥5.89 billion, a decrease of ¥7.27 million from ¥5.90 billion[77] Cash Flow - Net cash flow from operating activities improved significantly, with a net outflow of CNY -145,799,421.24 compared to CNY -1,519,369,918.55 in the previous year[10] - Cash inflow from operating activities was negative at approximately ¥145.80 million, an improvement from a negative cash flow of ¥1,519.37 million in Q1 2018[63] - Cash inflow from investment activities totaled 40,500,000.00 RMB, compared to 50,502,184.28 RMB, a decrease of about 19.7%[70] - Net cash flow from investment activities was -28,824,147.00 RMB, improving from -523,814,751.75 RMB year-over-year[70] - Cash inflow from financing activities was 648,600,277.38 RMB, down from 1,785,524,533.25 RMB, a decline of approximately 63.6%[72] - Net cash flow from financing activities was 38,385,511.19 RMB, significantly lower than 1,405,004,331.64 RMB in the previous year[72] Shareholder Information - The total number of shareholders reached 117,012 by the end of the reporting period[16] - The largest shareholder, Shenzhen Shengtun Group Co., Ltd., holds 15.88% of the shares, amounting to 290,747,062 shares[16] Investments and Acquisitions - The company completed the acquisition of 97.22% equity in Sihuan Zinc and Germanium, making it a wholly-owned subsidiary[28] - The company plans to issue shares to raise no more than 1.06 billion RMB for supporting funds[25] - The company's investment income decreased by approximately 35.60 million RMB compared to the same period last year, due to reduced profits from futures hedging products[22] Research and Development - Research and development expenses increased by approximately 5.29 million RMB compared to the same period last year, due to the consolidation of Zhuhai Keli Xin[22] - Research and development expenses for Q1 2019 were CNY 5,285,014.77, indicating ongoing investment in innovation[54] - Research and development expenses were not specified in the report, indicating a potential area for future focus[60]