LH(SH:600099)2016-04-22 16:00Financial Performance - Operating revenue rose by 16.25% to CNY 96,739,409.93 year-on-year[7] - Net profit attributable to shareholders increased by 126.78% to CNY 1,283,314.04 compared to the same period last year[7] - Total operating revenue for Q1 2016 was CNY 96,739,409.93, an increase of 16.4% compared to CNY 83,213,795.62 in the same period last year[24] - Operating profit for Q1 2016 reached CNY 1,643,296.40, up from CNY 972,087.98, representing a growth of 68.9% year-over-year[24] - Net profit for Q1 2016 was CNY 1,283,314.04, a significant increase of 126.3% compared to CNY 565,888.19 in Q1 2015[25] - The company reported a total profit of CNY 1,645,830.38 for Q1 2016, up from CNY 972,087.98, marking a year-over-year increase of 69.2%[24] - Basic and diluted earnings per share for Q1 2016 were both CNY 0.0059, compared to CNY 0.0026 in the previous year, reflecting a 126.9% increase[25] Assets and Liabilities - Total assets increased by 3.64% to CNY 602,031,717.67 compared to the end of the previous year[7] - The company's total current assets reached CNY 413,109,286.89, up from CNY 389,721,477.10, indicating an increase of about 6.0%[18] - The total liabilities stood at CNY 128,155,007.89, compared to CNY 108,284,022.81 at the beginning of the year, reflecting a rise of approximately 18.5%[20] - The company's total equity increased slightly to CNY 473,876,709.78 from CNY 472,607,074.99, showing a growth of approximately 0.3%[20] - The non-current assets totaled CNY 188,922,430.78, down from CNY 191,169,620.70, indicating a decrease of about 1.3%[19] Cash Flow - Cash flow from operating activities showed a slight improvement, with a net cash outflow of CNY 19,166,715.78, compared to CNY 19,930,046.68 in the previous year[7] - Cash flow from operating activities showed a net outflow of CNY -19,166,715.78, slightly improved from CNY -19,930,046.68 in the same quarter last year[30] - Total cash and cash equivalents at the end of Q1 2016 were CNY 183,509,211.05, compared to CNY 180,842,569.20 at the end of Q1 2015[31] - Operating cash inflow for the current period was ¥15,524,862.76, down 44.7% from ¥28,124,141.94 in the previous period[34] - Cash outflow from operating activities totaled ¥39,603,821.70, a decrease of 23.0% compared to ¥51,386,576.11 in the previous period[34] - Net cash flow from operating activities was -¥24,078,958.94, slightly worse than -¥23,262,434.17 in the previous period[34] - The net increase in cash and cash equivalents was -¥24,399,127.02, compared to -¥24,126,204.85 in the previous period[34] - The ending balance of cash and cash equivalents was ¥167,040,947.14, down from ¥169,386,444.34 in the previous period[34] Shareholder Information - The number of shareholders reached 15,748, with the largest shareholder holding 42.10% of the shares[11] Government Support and Future Plans - The company reported a significant increase in government subsidies received, amounting to CNY 2,000.00[8] - The company plans to continue expanding its market presence and enhancing product profitability through new product development[15] Inventory and Receivables - Accounts receivable increased by 39.65% to CNY 103,229,486.44, indicating changes in payment terms[13] - Inventory levels rose to CNY 75,902,198.99 from CNY 70,727,879.33, which is an increase of about 7.4%[18] - Accounts receivable increased to CNY 103,229,486.44 from CNY 73,917,913.98, marking a significant rise of approximately 39.6%[18] Management and Expenses - The company incurred a financial expense of CNY -2,451,081.42 in Q1 2016, compared to CNY -1,914,870.68 in the same period last year[24] - The company’s management expenses decreased to CNY 8,177,259.74 in Q1 2016 from CNY 10,426,582.05 in Q1 2015, a reduction of 21.5%[24] Asset Restructuring - The company is actively progressing with a major asset restructuring, with the evaluation report submitted for approval[15]