In the first half of 2019, the Groups cost for other ancillary materials amounted to
RMB4,608.0 million, a decrease of 10.54% compared with the same period of last year. During the Reporting Period, the Groups depreciation and maintenance expenses decreased by 5.86%
year-on-year
to RMB867.7 million and RMB697.3 million respectively, mainly due to the reorganization and transformation of some catalysts during the reporting period. The amortization was stopped in
the current period, resulting in a decrease in the amortization amount. Maintenance expenses decrease by 9.02%
year-on-year,
mainly due to a decrease in maintenance work
during the Reporting Period, which led to the decrease in maintenance costs. Fuel and power expenses decreased by 1.80%
year-on-year
to RMB1,148.0 million during
the Reporting Period, mainly due to the decrease in the unit purchase price of coal.
In the first half of 2019, sales and administrative
expenses of the Group amounted to RMB265.9 million, representing a decrease of 5.78% as compared to RMB282.2 million for the same period last year. This was mainly due to Jinshan Associated Trading Corporations storage fees decreased
by RMB12 million during the Reporting Period.
In the first half of 2019, other operating income of the Group amounted to
RMB45.8 million, representing a decrease of RMB21.0 million compared to the same period last year. This was mainly due to a decrease of RMB21.0 million in government subsidy during the Reporting Period.
In the first half of 2019, the Groups net finance income amounted to RMB213.7 million, compared to the net finance income of
RMB209.2 million for the same period last year. This was mainly due to a decrease of RMB8.9 million in interest income and a decrease of RMB13.2 million in interest expenditure during the Reporting Period.
In the first half of 2019, the Groups profit after tax and
non-controlling
shareholder interests
was RMB1,143.6 million, representing a decrease of RMB2,407.7 million as compared to the profit of RMB3,551.3 million for the same period last year.
Liquidity and Capital Resources
In the first half of 2019, the Groups net cash inflow generated from operating activities amounted to RMB220.4 million and the net
cash inflow for the same period last year was RMB4,213.5 million. This was primarily due to an increase of 1.657 billion in the taxes paid during the Reporting Period compared with the previous period and a decrease in revenue. The profit
before tax was RMB1,365.6 million during the Reporting Period (profit before tax for the same period last year was RMB4,542.3 million).
In the first half of 2019, the Groups net cash inflow generated from investing activities amounted to RMB411.2 million and the net
cash inflow for the same period last year was RMB48.3 million. This was primarily attributable to the net cash flow generated by the withdrawal of fixed deposit and structural deposit during the reporting period, which increased by RMB
700.0 million; the cash used by the Group in purchasing fixed assets and other long-term assets increased by RMB 214.0 million compared with the previous period; the cash received by the Group in disposing of fixed assets and other
long-term assets decreased by RMB197.0 million compared with the previous period; and the cash generated by the Groups interest income increased by RMB94.0 million compared with the previous period.
In the first half of 2019, the Groups net cash inflow generated from financing activities amounted to RMB561.1 million and the net
cash inflow for the same period last year was RMB821.6 million. This was primarily attributable to the decrease of RMB224.2 million in cash received by the Group as loans during the Reporting Period.
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