山西焦化(600740) - 2020 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders decreased by 50.62% to CNY 233,431,823.38 year-on-year[11] - Operating revenue declined by 8.08% to CNY 1,325,256,768.89 compared to the same period last year[11] - Operating profit decreased by 50.48% to CNY 234,318,697.98 compared to the previous year due to reduced revenue[20] - Total profit fell by 50.58% to CNY 233,782,854.19, attributed to decreased revenue[20] - Net profit decreased by 50.58% to CNY 233,754,545.25, reflecting reduced revenue[20] - Basic earnings per share dropped by 51.57% to CNY 0.1540 due to a decrease in net profit attributable to shareholders[20] - The company's net profit attributable to shareholders for Q1 2020 was approximately ¥233.43 million, a decrease from ¥472.71 million in Q1 2019, representing a decline of about 50.7%[48] - Total operating revenue for Q1 2020 was approximately ¥1.32 billion, down from ¥1.44 billion in Q1 2019, reflecting a decrease of about 8.0%[52] - Operating profit for Q1 2020 was approximately ¥233.75 million, compared to ¥472.69 million in Q1 2019, indicating a decline of approximately 50.6%[52] - The company's total comprehensive income for Q1 2020 was approximately ¥233.22 million, down from ¥472.56 million in Q1 2019, reflecting a decline of about 50.7%[54] Cash Flow - Net cash flow from operating activities decreased by 67.97% to CNY 42,728,811.04 year-on-year[11] - Cash flow from operating activities decreased by 67.97% to CNY 42,728,811.04, impacted by falling product prices and increased inventory[20] - The net cash flow from operating activities was 42,728,811.04 RMB, a decrease of 68% compared to 133,402,061.12 RMB in the previous year[58] - Total cash inflow from operating activities was 1,284,446,860.03 RMB, down from 1,422,296,345.86 RMB, reflecting a decline of approximately 9.7%[60] - Cash outflow for purchasing goods and services was 1,029,513,177.61 RMB, compared to 1,135,348,332.53 RMB, indicating a reduction of about 9.3%[60] - The net cash flow from investing activities was -148,205,530.10 RMB, contrasting with a positive cash flow of 17,881,027.22 RMB in the previous year[58] - Cash inflow from financing activities totaled 1,340,000,000.00 RMB, while cash outflow was 1,496,099,909.14 RMB, resulting in a net cash flow of -156,099,909.14 RMB[62] - The company reported a net increase in cash and cash equivalents of -511,178,225.05 RMB, compared to a positive increase of 231,974,264.13 RMB in the previous year[62] - The ending balance of cash and cash equivalents was 941,818,174.26 RMB, down from 2,479,958,386.51 RMB in the previous year[62] Assets and Liabilities - Total assets increased by 3.40% to CNY 21,054,874,048.45 compared to the end of the previous year[11] - Total current assets reached ¥5,601,227,864.36, up from ¥5,373,884,490.42 at the end of 2019, showing overall asset growth[31] - Total liabilities increased to ¥10,067,258,123.86 from ¥9,610,717,696.71, indicating a rise in financial obligations[36] - The company's total equity as of March 31, 2020, was ¥10,987,615,924.59, compared to ¥10,751,357,301.14 at the end of 2019, reflecting a solid equity position[36] - The company reported a decrease in short-term borrowings to ¥2,823,535,405.86 from ¥2,591,244,884.07, indicating reduced reliance on debt financing[36] - The company’s long-term investments increased to ¥9,201,395,983.76 from ¥8,755,036,860.45, suggesting a focus on strategic growth[31] - Total liabilities reached ¥9,610,717,696.71, with non-current liabilities accounting for ¥1,231,224,373.32[67] - Shareholders' equity totaled ¥10,751,357,301.14, with total equity attributable to shareholders amounting to ¥10,206,028,360.84[67] Shareholder Information - The number of shareholders reached 63,401 by the end of the reporting period[12] - The largest shareholder, Shanxi Coking Coal Group Co., Ltd., holds 51.14% of the shares[12] - The company proposed a cash dividend of CNY 0.10 per share, totaling CNY 151,604,802, which represents 31.97% of the net profit attributable to shareholders for the previous year[26] Operational Insights - Accounts receivable decreased by 34.64% to CNY 82,084,835.02 due to improved collection rates during the reporting period[17] - Prepayments increased by 41.96% to CNY 30,811,489.66 due to higher prepayments for chemical raw materials[17] - Inventory increased to ¥626,660,403.52 from ¥537,467,160.22, reflecting potential overstocking or anticipated demand[31] - The company is exploring new strategies for market expansion and product development to improve future performance[52] Government Support - Government subsidies recognized in the current period amounted to CNY 2,780,354.90[11]