SCC(SH:600740)2019-04-24 16:00Financial Performance - Net profit attributable to shareholders increased by 37.62% to CNY 472,714,796.34 year-on-year[10] - Basic earnings per share increased by 32.50% to CNY 0.3180[10] - Net profit for Q1 2019 reached ¥472,952,935.52, an increase of 38% from ¥343,724,244.04 in Q1 2018[45] - Total comprehensive income for Q1 2019 was ¥472,952,935.52, up from ¥343,724,244.04 in Q1 2018, indicating overall financial health improvement[45] - Total equity increased to ¥10,358,063,995.85 from ¥9,251,269,333.66, showing a growth in shareholder value[41] Cash Flow - Operating cash flow increased significantly by 142.94% to CNY 133,402,061.12 compared to the same period last year[10] - Net cash flow from operating activities for Q1 2019 was ¥135,031,160.58, an increase from ¥68,441,190.86 in Q1 2018, representing a growth of approximately 97.5%[58] - Cash inflow from financing activities in Q1 2019 totaled approximately ¥1.64 billion, significantly higher than ¥810 million in Q1 2018[56] - The net cash flow from financing activities was ¥100,535,283.55, a significant recovery from a negative cash flow of ¥144,676,830.15 in the same period last year[60] Assets and Liabilities - Total assets increased by 2.10% to CNY 20,619,875,792.93 compared to the end of the previous year[10] - Total liabilities decreased to ¥972,538.68 million, down ¥68,266.85 million from ¥1,040,805.53 million[20] - Current liabilities decreased to CNY 7,867,197,574.93 from CNY 8,915,282,430.88, a reduction of approximately 11.8%[35] - Total liabilities decreased to CNY 9,725,386,805.70 from CNY 10,408,055,349.71, a decline of about 6.5%[35] Investments - Long-term equity investments increased by 8.55% to CNY 8,062,843,434.26 compared to the end of the previous year[16] - The company reported a significant increase in investment income to ¥635,314,475.20 from ¥166,892,233.57 in the previous year, highlighting successful investment strategies[44] - The company received government subsidies amounting to CNY 2,583,688.06 during the reporting period[12] Shareholder Information - The total number of shareholders at the end of the reporting period was 71,679[13] - The company issued 83,879,420 shares, increasing total shares from 1,432,168,600 to 1,516,048,020[25] - The company plans to distribute cash dividends of ¥303,209,604.00, amounting to ¥2 per 10 shares[25] Operational Metrics - Total operating revenue for Q1 2019 was ¥1,441,699,566.79, a decrease of 20% compared to ¥1,801,915,047.56 in Q1 2018[44] - Total operating costs for Q1 2019 were ¥1,606,381,865.57, down from ¥1,790,284,120.51 in Q1 2018, reflecting a cost reduction strategy[44] - The average selling price of coke decreased by ¥2.35 to ¥1,657.48 compared to the same period last year[20] Inventory and Receivables - Accounts receivable decreased by 43.93% to CNY 102,065,351.68[16] - Inventory decreased to CNY 343,004,235.38 from CNY 375,450,233.49, a decline of about 8.6%[39] - Accounts receivable decreased to CNY 729,128,257.40 from CNY 1,239,133,425.37, a decline of approximately 41.2%[39]