SCC(SH:600740)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 78.79% to CNY 100,285,927.20 year-on-year[17] - Operating revenue declined by 8.08% to CNY 1,325,256,768.89 compared to the same period last year[17] - Operating profit decreased by 78.62% to CNY 101,172,801.80, attributed to reduced income from investments[27] - The company's net profit for the reporting period was CNY 100,608,649.07, a decrease of 78.73% compared to the previous year[27] - The company reported a significant change in cumulative net profit forecasted for the year, indicating a potential loss compared to the same period last year due to market impacts and declining product prices[34] - The basic earnings per share for Q1 2020 was ¥0.0661, compared to ¥0.318 in Q1 2019, reflecting a decline of approximately 79.3%[55] - The total comprehensive income for Q1 2020 was ¥90,094,699.98, significantly lower than ¥472,952,935.52 in Q1 2019, marking a decrease of around 81.0%[55] Cash Flow - Net cash flow from operating activities decreased by 67.97% to CNY 42,728,811.04 compared to the previous year[17] - The net cash flow from operating activities was CNY 42,728,811.04, down 67.97% due to declining product prices and increased inventory[27] - The net cash flow from investing activities was CNY -148,205,530.10, a decline of 928.84% due to increased cash payments for fixed assets and intangible assets[27] - The net cash flow from financing activities was CNY -156,099,909.14, a decrease of 255.27% due to reduced cash received from investments[27] - The cash flow from operating activities showed a net increase of 57,202,565.25 RMB, down 57.6% from 135,031,160.58 RMB in the previous period[66] - The net cash flow from operating activities was 42,728,811.04 RMB, a decrease of 68.0% compared to 133,402,061.12 RMB in the previous period[64] Assets and Liabilities - Total assets increased by 2.75% to CNY 20,921,728,152.27 compared to the end of the previous year[17] - The company's total liabilities reached ¥10,067,258,123.86, up from ¥9,610,717,696.71, marking an increase of approximately 4.75%[43] - Long-term payables increased significantly to ¥592,243,553.52 from ¥283,233,553.52, indicating a growth of approximately 109.1%[43] - The company's total equity attributable to shareholders rose to ¥10,308,818,366.24 from ¥10,206,028,360.84, reflecting an increase of about 1.00%[43] - Current liabilities totaled CNY 8,478,734,656.34 in Q1 2020, up from CNY 8,292,633,548.35 in Q1 2019, reflecting an increase of 2.25%[49] Shareholder Information - The number of shareholders reached 63,401 by the end of the reporting period[19] - The largest shareholder, Shanxi Coking Coal Group Co., Ltd., holds 51.14% of the shares[19] Investment and Financing Activities - The company plans to apply for a comprehensive credit limit of up to CNY 6.988 billion from banks to support its annual production and operational goals[32] - A cash dividend of CNY 0.1 per share is proposed, totaling CNY 151,604,802, which represents 31.97% of the net profit attributable to shareholders[32] - The company has initiated a financing lease of CNY 195 million to optimize its debt structure and reduce financing costs[30] Market Conditions - The company reported a net profit decrease due to market conditions and price drops, impacting future earnings guidance[34] - Investment income fell by 50.70% to CNY 313,213,227.13, primarily due to decreased returns from the investment in China Coal Huajin[27]