hbky(SH:600985)2019-04-29 16:00Financial Performance - Operating revenue fell by 30.94% to CNY 11.75 billion compared to the same period last year[4] - Net profit attributable to shareholders increased by 2.79% to CNY 909.43 million[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses skyrocketed by 6,635.38% to CNY 828.99 million[4] - The company's revenue for Q1 2019 was CNY 11,751,081,062.43, down from CNY 17,015,747,365.19 in Q1 2018, marking a decline of approximately 30.5%[22] - The net profit for Q1 2019 was CNY 10.71 billion, compared to CNY 15.93 billion in the same period last year, a decrease of about 32.4%[22] - The total profit for the first quarter was CNY 1,138,857,233.90, down from CNY 1,147,871,027.35 year-over-year, reflecting a decline of 0.9%[24] - The total comprehensive income for the first quarter was CNY 956,910,269.68, compared to CNY 1,026,286,806.62 in the first quarter of 2018, indicating a decrease of 6.7%[25] Cash Flow - Net cash flow from operating activities surged by 100.99% to CNY 2.34 billion year-on-year[4] - The net cash flow from operating activities for Q1 2019 was CNY 2,337,398,079.79, up from CNY 1,162,917,091.18 in Q1 2018, representing a growth of 100.1%[30] - Cash inflows from financing activities totaled CNY 6,175,889,954.47, significantly higher than CNY 3,574,462,634.23 in the previous year, marking an increase of 72.7%[31] - The net cash flow from financing activities was negative at CNY -853,943,996.95, compared to CNY -585,432,477.18 in Q1 2018, indicating a decline in financing efficiency[31] - The total cash inflow from investment activities was CNY 35,825,136.82, down from CNY 56,830,443.99 in Q1 2018, indicating a decrease of 37%[31] Assets and Liabilities - Total assets decreased by 2.16% to CNY 57.69 billion compared to the end of the previous year[4] - The total liabilities of Huabei Mining Holdings Co., Ltd. decreased from CNY 38.67 billion to CNY 37.23 billion, a reduction of approximately 3.7%[18] - The company's current liabilities totaled CNY 29.81 billion, down from CNY 30.61 billion, reflecting a decrease of about 2.6%[18] - The total equity attributable to shareholders increased from CNY 17.02 billion to CNY 17.38 billion, representing a growth of approximately 2.1%[19] - The company's long-term borrowings decreased from CNY 4.76 billion to CNY 4.07 billion, a reduction of approximately 14.5%[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 13,444[6] - The largest shareholder, Huabei Mining (Group) Co., Ltd., held 1,629,355,295 shares, representing 75.00% of the total shares[8] Expenses - The company's research and development expenses amounted to CNY 189,681,709.65, a decrease of 27.1% from CNY 260,336,539.36 in the previous year[24] - The company reported a financial expense of CNY 317,459,289.20, which is a reduction of 17.9% compared to CNY 387,014,004.79 in the first quarter of 2018[24] - The company's tax expenses increased to CNY 181,946,964.22 from CNY 121,584,220.73, representing an increase of 49.7% year-over-year[24] Other Financial Metrics - Basic and diluted earnings per share were both CNY 0.43, reflecting a 2.38% increase[4] - The weighted average return on equity decreased by 0.98 percentage points to 5.65%[4] - The investment income for Q1 2019 was CNY -8,166,011.60, a significant decrease compared to CNY -115,830.78 in Q1 2018, mainly due to reduced profits from joint ventures[12] - Minority interests in profit decreased by 66.47% to CNY 47,477,300.04 in Q1 2019, down from CNY 141,576,103.16 in Q1 2018, due to lower profits from certain non-wholly owned subsidiaries[12]