LIUSTEELCO(SH:601003)2019-04-24 16:00Financial Performance - Net profit attributable to shareholders was CNY 383,701,180.48, down 63.32% year-on-year[12]. - Operating revenue for the period was CNY 10,260,744,557.02, representing a decline of 9.60% compared to the same period last year[12]. - Basic earnings per share decreased by 63.32% to CNY 0.1497[12]. - The weighted average return on net assets fell by 9.97 percentage points to 3.58%[12]. - Revenue for the reporting period was CNY 10.261 billion, a decrease of CNY 1.09 billion or 9.60% year-on-year, primarily due to reduced steel sales volume and price declines[21]. - Net profit for the reporting period was CNY 384 million, down 63.32% year-on-year, mainly due to a decline in steel prices and rising raw material costs[21]. - Operating profit for Q1 2019 was ¥445,696,846.02, down from ¥1,230,300,072.69 in Q1 2018, reflecting a decline of about 63.7%[41]. - Net profit for Q1 2019 was ¥383,701,180.48, compared to ¥1,046,005,250.13 in Q1 2018, representing a decrease of approximately 63.4%[41]. - The basic earnings per share for Q1 2019 was ¥0.1497, down from ¥0.4082 in Q1 2018, a decrease of about 63.3%[41]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 24,686,491,607.35, a decrease of 1.06% compared to the end of the previous year[12]. - Total liabilities decreased to ¥13,770,035,537.73 from ¥14,422,248,830.35, indicating a reduction of about 4.5%[37]. - The company's total assets amounted to ¥24,686,491,607.35, a slight decrease from ¥24,950,844,655.07 in the previous period[37]. - The total equity of the company rose to ¥10,916,456,069.62 from ¥10,528,595,824.72, reflecting an increase of approximately 3.7%[37]. - The company reported a decrease in short-term borrowings from ¥5,257,747,730.86 to ¥3,745,825,000.00, a reduction of approximately 29.0%[37]. Cash Flow - Net cash flow from operating activities increased by 8.50% to CNY 1,401,757,218.02 compared to the previous year[12]. - The company's cash flow from operating activities was ¥6,686,873,982.10, down from ¥7,702,181,338.32 in Q1 2018, a decline of approximately 13.2%[44]. - Cash inflow from financing activities was $630.48 million, down from $1.10 billion, representing a decrease of approximately 42.7%[46]. - Net cash flow from financing activities was -$1.56 billion, slightly improved from -$1.63 billion, showing a reduction of about 4.3%[46]. - The ending cash and cash equivalents balance was $5.73 billion, down from $2.52 billion, reflecting a decrease of approximately 77.3%[46]. - The company reported a total cash outflow of $170.57 million, compared to $321.24 million in the previous period, indicating an improvement of about 47%[46]. - The company did not report any cash received from investment activities in the current period, compared to $53.61 million in the previous period[46]. Research and Development - R&D expenses increased to CNY 117 million, a significant rise of 382.91% year-on-year, reflecting the company's intensified efforts in new technology and product innovation[21]. - Research and development expenses increased significantly to ¥116,709,031.54 from ¥24,167,721.78, marking an increase of about 384.5%[39]. Shareholder Information - Total number of shareholders at the end of the reporting period was 57,539[15]. - The largest shareholder, Guangxi Liuzhou Steel Group Co., Ltd., held 1,910,963,595 shares, accounting for 74.57% of total shares[17]. Other Financial Metrics - Government subsidies related to energy-saving and environmental protection projects amounted to CNY 1,920,934.39[15]. - The company reported a total of CNY 6,491,655.58 in non-recurring gains and losses for the period[15]. - Accounts receivable increased to CNY 261 million, up 46.65% from CNY 178 million at the beginning of the year, mainly due to increased receivables from steel sales[21]. - Other receivables rose to CNY 16.13 million, up 95.87% from CNY 8.23 million at the beginning of the year, primarily due to increased prepaid transportation costs[21]. - Employee compensation payable decreased to CNY 103 million, down 55.9% from CNY 233 million at the beginning of the year, primarily due to the distribution of last year's accrued year-end bonuses[21]. - Tax payable decreased to CNY 264 million, down 60.15% from CNY 664 million at the beginning of the year, mainly due to a reduction in value-added tax[21]. - Other income decreased to CNY 1.92 million, down 81.84% year-on-year, primarily due to a reduction in government subsidies[21]. - Other current assets increased to CNY 63.01 million, a 100% increase from the beginning of the year, mainly due to an increase in the value-added tax credit[21].