SHCI(SH:601225)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 15.08% to CNY 235,616.42 million year-on-year[4] - Operating revenue rose by 27.28% to CNY 1,833,498.08 million compared to the same period last year[4] - Basic earnings per share decreased by 14.29% to CNY 0.24 per share[4] - The company reported a loss of CNY 17.22 million from the disposal of non-current assets[5] - The gross profit from coal sales decreased by 7.58% to ¥584,374.58 from ¥632,315.34, indicating a decline in profitability despite increased sales volume[13] - The total profit for Q1 2020 was ¥3.92 billion, down from ¥4.33 billion, reflecting a decrease of approximately 9.1%[22] - Net profit for Q1 2020 was ¥3.41 billion, a decrease of 9.8% compared to ¥3.78 billion in Q1 2019[22] - The company achieved a gross profit margin improvement, with operating profit for Q1 2020 at CNY 598,676,750.57, compared to CNY 556,259,410.87 in Q1 2019[26] Revenue and Costs - Operating costs also increased to ¥14.93 billion, up from ¥10.57 billion, reflecting a rise of approximately 41.0%[21] - The company reported a significant increase in sales costs by 52.99% to ¥12,280,104,190.38 from ¥8,026,554,220.41, driven by higher trade coal volumes[10] - The company's sales revenue from coal increased by 36.73% to ¥18,117,442,707.20 compared to ¥13,250,267,788.90 in the previous period[12] - The total cash received from investment income rose significantly to ¥138,427,159.00 from ¥13,285.55, indicating a substantial increase in dividends received from subsidiaries[12] Assets and Liabilities - Total assets increased by 3.21% to CNY 13,074,431.44 million compared to the end of the previous year[4] - Total liabilities decreased slightly to ¥50,478,070,171.19 from ¥50,513,655,762.66, indicating a marginal decline of about 0.1%[17] - The company's long-term borrowings decreased significantly to ¥4,459,207,380.36 from ¥9,071,092,380.36, a decrease of approximately 50.9%[17] - Current liabilities rose to ¥32,462,396,582.49, compared to ¥27,906,374,507.40, marking an increase of about 16.5%[17] - Total current assets increased to ¥37,730,307,148.21 from ¥35,236,671,246.99, showing a growth of about 7.1%[18] Cash Flow - Net cash flow from operating activities decreased by 50.14% to CNY 268,825.93 million compared to the previous year[4] - Cash flow from operating activities for Q1 2020 was CNY 2,688,259,253.06, down from CNY 5,391,596,639.98 in Q1 2019, reflecting a decrease of approximately 50.1%[29] - The company's cash inflow from operating activities was impacted by a significant increase in cash payments for other operating activities, totaling ¥17,478,922,934.20 compared to ¥14,107,426,791.58 in Q1 2019[30] Shareholder Information - The number of shareholders at the end of the reporting period was 44,377[7] - The largest shareholder, Shaanxi Coal and Chemical Industry Group Co., Ltd., holds 63.14% of the shares[7] Accounting Standards and Policies - The company implemented new revenue and leasing standards starting January 1, 2020, which will not significantly impact revenue, net profit, net assets, or cash flow[37] - The cumulative impact of the new revenue standard only adjusts the beginning retained earnings and related financial statement items for the year of implementation[37] - The company aims to provide more reliable financial information through the adoption of the new accounting standards[37] - The adjustments made are in accordance with the revised accounting standards issued by the Ministry of Finance[37] - The company is committed to transparency in its financial reporting following the new standards[37]