LH(SH:600099)2017-04-28 16:00Financial Performance - Operating revenue rose by 6.76% to CNY 103,278,468.08 year-on-year[6] - Net profit attributable to shareholders decreased by 56.88% to CNY 553,320.55 compared to the same period last year[6] - Basic earnings per share dropped by 57.63% to CNY 0.0025[6] - The company's net profit for Q1 2017 was ¥553,320.55, a decrease of 56.88% from ¥1,283,314.04 in Q1 2016[14] - The total profit for Q1 2017 was ¥747,097.57, down 54.61% from ¥1,645,830.38 in the same period last year[14] - Net profit for the period was CNY 553,320.55, a decrease of 56.8% from CNY 1,283,314.04 in the same period last year[25] - Earnings per share (EPS) for the period was CNY 0.0025, down from CNY 0.0059 in the previous year[25] - Net profit for Q1 2017 was a loss of CNY 773,121.27, compared to a profit of CNY 100,594.63 in Q1 2016, indicating a significant decline[27] - The overall comprehensive income for Q1 2017 was a loss of CNY 773,121.27, reflecting the net loss reported[27] Cash Flow and Liquidity - Net cash flow from operating activities was negative at CNY -28,702,590.00, worsening from CNY -19,166,715.78 in the previous year[6] - The company's cash and cash equivalents decreased to ¥164,809,709.88 from ¥193,889,131.88 at the beginning of the year[18] - Cash flow from operating activities showed a net outflow of CNY 28,702,590.00, worsening from a net outflow of CNY 19,166,715.78 in the previous year[29] - Total cash and cash equivalents at the end of Q1 2017 were CNY 164,809,709.88, down from CNY 183,509,211.05 at the end of Q1 2016[30] Assets and Liabilities - Total assets increased by 3.21% to CNY 609,707,171.14 compared to the end of the previous year[6] - The company's total assets as of March 31, 2017, were ¥609,707,171.14, up from ¥590,740,743.71 at the beginning of the year[18] - Total liabilities increased to ¥134,885,893.00 from ¥116,460,555.10 year-on-year[19] - Total current assets increased to CNY 391,902,793.79 from CNY 378,343,629.89, representing a growth of 3.9%[21] - Total liabilities rose to CNY 92,372,492.30, compared to CNY 80,037,962.18, indicating an increase of 15.5%[22] - The company reported a decrease in cash and cash equivalents to CNY 158,632,528.20 from CNY 183,355,389.24, a decline of 13.5%[21] - Accounts payable increased by 97.84% to CNY 13,646,968.07 as a result of using bank acceptance bills for settlement with suppliers[12] - Accounts receivable increased to CNY 106,366,924.26 from CNY 82,125,077.38, reflecting a growth of 29.5%[21] - Inventory levels rose to CNY 60,104,312.70, up from CNY 54,744,827.43, indicating an increase of 9.8%[21] Government Subsidies - The company received government subsidies amounting to CNY 14,200.00, netting a total of CNY 11,750 after tax effects[8] - The company received government subsidies amounting to ¥14,200.00, a significant increase of 460.38% compared to ¥2,533.98 in the previous year[14] Operational Activities - In Q1 2017, the company received cash from sales amounting to ¥66,381,728.04, a 38.05% increase compared to ¥48,086,242.86 in Q1 2016[13] - Total operating revenue for the first quarter was CNY 103,278,468.08, an increase of 6.3% compared to CNY 96,739,409.93 in the previous period[24] - Total operating costs amounted to CNY 102,545,570.51, up from CNY 95,096,113.53, reflecting a growth of 7.7%[24] - Total operating expenses increased to CNY 96,048,950.00 in Q1 2017, compared to CNY 67,767,867.27 in Q1 2016, representing a rise of 41.5%[29] - The company reported a significant increase in management expenses, which rose to CNY 6,723,857.41 from CNY 5,460,945.55, an increase of 23.1%[27] Corporate Actions - The company announced the termination of a major asset restructuring transaction on February 28, 2017, leading to a suspension of its stock trading[15] - The company responded to inquiries from the Shanghai Stock Exchange regarding the termination of the major asset restructuring on March 8, 2017[15] Investment Activities - Investment activities resulted in a cash outflow of CNY 376,832.00, a decrease from CNY 884,413.76 in the previous year, indicating reduced investment activity[30] - The company did not report any cash inflow from financing activities during Q1 2017, maintaining a focus on operational cash management[30]