HUAYOU COBALT(SH:603799)2019-04-26 16:00Financial Performance - Operating revenue rose by 28.28% to CNY 4,400,899,970.55 year-on-year[4] - Net profit attributable to shareholders decreased by 98.55% to CNY 12,356,321.99 compared to the same period last year[4] - Basic and diluted earnings per share fell by 98.54% to CNY 0.015[4] - The company reported a net profit of ¥3,659,410,883.90, compared to ¥3,647,054,561.91 in the previous year[16] - Net profit for Q1 2019 was a loss of CNY 8,340,067.23, compared to a profit of CNY 851,781,548.89 in Q1 2018[21] - The company reported a total comprehensive loss of CNY 98,691,828.62 for Q1 2019, compared to a comprehensive income of CNY 720,899,199.67 in Q1 2018[22] - The company anticipates a substantial decline in cumulative net profit by the next reporting period compared to the same period last year, primarily due to a significant drop in cobalt product prices[10] Assets and Liabilities - Total assets increased by 7.58% to CNY 20,504,836,526.13 compared to the end of the previous year[4] - Total liabilities amounted to ¥12,021,284,215.46, an increase from ¥10,649,505,092.23 year-over-year[16] - Total equity reached ¥8,483,552,310.67, compared to ¥8,410,298,254.89 in the previous year[16] - Current assets totaled ¥1,508,574,320.74, slightly up from ¥1,481,544,036.73 year-over-year[17] - Total liabilities amounted to approximately ¥10.65 billion, with current liabilities at ¥8.98 billion and non-current liabilities at ¥1.67 billion[33] - Total assets as of March 31, 2019, amounted to ¥11,942,685,107.03, compared to ¥10,892,059,143.12 at the beginning of the year[56] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 55,946,234.03, compared to a negative CNY 161,036,338.93 in the previous year[4] - Cash inflow from operating activities reached CNY 4,083,190,381.24, a significant increase from CNY 1,730,183,433.67 in the same period last year, representing a growth of approximately 135.5%[28] - Cash outflow for operating activities totaled CNY 4,680,480,070.21 in Q1 2019, compared to CNY 3,338,508,246.47 in Q1 2018[26] - Total cash inflow from financing activities reached CNY 4,663,597,947.66 in Q1 2019, up from CNY 3,915,229,771.98 in Q1 2018[27] - The company reported a net cash outflow from investment activities of CNY -544,581,043.50 in Q1 2019, compared to CNY -325,995,281.04 in Q1 2018[27] Shareholder Information - The total number of shareholders reached 147,179 by the end of the reporting period[6] - The largest shareholder, Dashan Private Limited, holds 23.57% of shares, amounting to 195,604,120 shares[7] - Zhejiang Huayou Holding Group Limited, the second-largest shareholder, owns 18.56% of shares, totaling 154,031,933 shares[7] Operating Costs and Expenses - Operating costs surged to ¥3,872,050,032.36, an increase of ¥1,645,984,856.18 from ¥2,226,065,176.18, also due to the rise in trade-related activities[9] - Financial expenses increased to ¥125,379,881.80 from ¥44,167,922.16, mainly due to foreign exchange losses compared to significant gains in the same period last year[9] - Research and development expenses in Q1 2019 were CNY 42,354,813.64, a decrease of 53.1% from CNY 90,129,089.15 in Q1 2018[20] Investment Activities - The company's long-term equity investments increased to ¥670,796,230.45 from ¥543,540,907.57, indicating a rise in external investment projects[9] - The company reported an investment loss of CNY 859,163.30 in Q1 2019, compared to a gain of CNY 36,593.94 in Q1 2018[23]