株冶集团(600961) - 2019 Q1 - 季度财报

Financial Performance - Net profit attributable to shareholders was CNY -47,374,709.22, a decline from CNY -32,127,820.75 in the same period last year[12] - Operating revenue decreased by 33.29% to CNY 1,853,510,592.05 compared to CNY 2,778,633,072.94 in the previous year[12] - The company reported a total profit of -46.70 million yuan, a decrease of 51% year-on-year, primarily due to the shutdown of the Qing Shui Tang smelting capacity at the end of 2018 and the trial production phase of its subsidiary, Zhuzhou Smelting Group[23] - The company reported a loss of CNY -24,296,205.35 from hedging activities during the period[15] - The total comprehensive income for Q1 2019 was CNY -48,775,953.86, compared to CNY -32,939,651.84 in Q1 2018[50] - Net profit for Q1 2019 was a loss of CNY 47,774,999.75, compared to a loss of CNY 32,127,820.75 in Q1 2018, representing a 48.5% increase in losses[50] - The total equity attributable to shareholders was CNY -134,027,286.70, compared to CNY -85,382,371.21 in the previous period, indicating a decline in shareholder equity[48] - The company reported a total comprehensive loss of ¥48,644,915.49 for Q1 2019, compared to a loss of ¥46,765,324.29 in Q1 2018[53] Assets and Liabilities - Total assets increased by 10.45% to CNY 6,562,835,367.81 compared to the end of the previous year[12] - Total liabilities increased to ¥6,060,911,256.60 from ¥5,391,059,285.33, representing a growth of approximately 12.5%[37] - Current liabilities totaled ¥4,084,658,606.22, up from ¥3,996,505,794.45, indicating an increase of about 2.2%[37] - Long-term borrowings rose significantly to ¥787,307,127.24 from ¥403,303,490.88, marking an increase of approximately 95.2%[37] - The company’s total assets at the end of the reporting period were 6.56 billion yuan, an increase from 5.94 billion yuan at the beginning of the period[34] - Accounts receivable at the end of the reporting period reached 217.18 million yuan, an increase of 69% compared to the beginning of the period, mainly due to increased receivables from downstream customers within the credit limit[23] - Other receivables decreased by 47% to 79.98 million yuan, primarily due to the return of profits from futures brokerage accounts to the company[26] - The company’s long-term borrowings increased by 95% to 787.31 million yuan, mainly due to project loans taken by its subsidiary, Zhuzhou Smelting Group[26] Cash Flow - Net cash flow from operating activities was CNY -60,255,345.12, worsening from CNY -30,009,401.41 year-on-year[12] - The company’s cash flow from operating activities was -60.26 million yuan, a decrease of 30.24 million yuan year-on-year, primarily due to increased accounts receivable affecting cash inflow[26] - The net cash flow from operating activities for Q1 2019 was a negative ¥60,255,345.12, worsening from a negative ¥30,009,401.41 in Q1 2018[59] - Cash received from sales of goods and services in Q1 2019 was ¥2,789,001,120.68, down from ¥3,377,667,046.64 in Q1 2018, reflecting a decline of approximately 17.5%[55] - The net cash flow from investing activities for Q1 2019 was a negative ¥229,834,485.37, compared to a negative ¥389,486,001.65 in Q1 2018, showing an improvement[59] - Cash inflow from financing activities in Q1 2019 was ¥1,262,700,473.08, compared to ¥1,531,685,707.68 in Q1 2018, indicating a decrease of about 17.5%[59] Shareholder Information - The total number of shareholders at the end of the reporting period was 28,055[22] - The largest shareholder, Zhuzhou Smelter Group Co., Ltd., holds 40.24% of the shares[22] Expenses - The company’s management expenses decreased by 47.59% to 22.51 million yuan, mainly due to a significant reduction in management personnel following the shutdown of the Qing Shui Tang smelting capacity[26] - Research and development expenses for Q1 2019 were CNY 1,540,384.43, an increase from CNY 1,048,392.97 in Q1 2018[48] - The company reported a significant increase in financial expenses, totaling CNY 24,048,921.40 in Q1 2019, compared to CNY 34,693,629.71 in Q1 2018[48] Government Support - Government subsidies recognized in the current period amounted to CNY 7,520,152.22, primarily related to resource utilization[15] Other Financial Metrics - The weighted average return on net assets was -1.79%, compared to -0.17% in the previous year[12] - Basic earnings per share were CNY -0.09, compared to CNY -0.06 in the same period last year[12] - Total operating costs for Q1 2019 were CNY 1,883,436,620.28, down 34.3% from CNY 2,866,389,722.41 in Q1 2018[48] - Cash and cash equivalents decreased to ¥341,093,378.39 from ¥423,514,251.21, a decline of approximately 19.4%[39] - Total equity decreased to ¥501,924,111.21 from ¥550,700,065.07, a decline of about 8.8%[37] - The company reported an accumulated deficit of ¥2,987,818,353.43, compared to ¥2,940,443,644.21, indicating an increase in losses[37]