LHG(SH:600186)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders was CNY -44,459,341.38, a significant decline from CNY -3,370,629.94 in the same period last year, representing a decrease of 475.59%[6] - Operating revenue for the period was CNY 431,692,360.84, down 0.81% from CNY 435,221,351.67 year-on-year[6] - Operating income decreased by 74.68% year-on-year, mainly due to a reduction in government subsidy income[12] - Operating profit for Q1 2017 was -¥51,457,682.35, compared to -¥6,363,626.16 in Q1 2016, indicating a significant decline[24] - Net profit attributable to shareholders of the parent company was -¥40,860,535.83, a decrease from a profit of ¥10,878,896.80 in the previous year[24] - The company reported a total profit of -¥47,858,876.80 for Q1 2017, compared to a profit of ¥7,885,900.58 in Q1 2016[24] Assets and Liabilities - Total assets decreased by 0.49% to CNY 2,065,423,131.45 compared to the end of the previous year[6] - The company's current assets totaled CNY 643,741,166.89, slightly down from CNY 644,450,409.01 at the start of the year[15] - The total liabilities increased to CNY 2,083,453,373.15 from CNY 2,045,681,249.10, indicating a rise in financial obligations[17] - The company's total equity turned negative at CNY -18,030,241.70, down from CNY 29,828,635.10 at the beginning of the year[17] - Total liabilities increased to ¥1,263,163,994.82, compared to ¥1,244,174,031.71 in the previous year, reflecting a growth of 1.53%[21] - Total equity decreased to ¥522,639,375.17 from ¥536,088,261.28, a decline of 2.51% year-over-year[21] Cash Flow - Cash flow from operating activities was CNY -3,262,619.41, a decrease of 146.89% compared to CNY 6,958,372.81 in the previous year[6] - The net cash flow from operating activities was -3,262,619.41 RMB, compared to 6,958,372.81 RMB in the previous period, indicating a significant decline[31] - Total cash inflow from operating activities was 521,122,288.46 RMB, while cash outflow was 524,384,907.87 RMB, resulting in a net cash flow deficit[31] - Cash and cash equivalents at the end of the period amounted to 24,627,445.22 RMB, down from 79,758,666.06 RMB in the previous period[32] - The company reported a total cash inflow from financing activities of 55,000,000.00 RMB, primarily from borrowings[32] - The cash flow from financing activities showed a net outflow of -1,844,935.00 RMB, compared to a net inflow of 48,243,888.00 RMB in the previous period[32] Receivables and Inventory - Other receivables decreased by 40.91%, primarily due to the company's efforts to clear outstanding debts[12] - Accounts receivable rose significantly to CNY 212,790,409.21 from CNY 194,266,939.12, marking an increase of about 9.0%[15] - Inventory levels decreased to CNY 102,416,932.80 from CNY 133,443,860.09, a reduction of approximately 23.2%[15] Expenses and Taxation - Business tax and surcharges increased by 147.22% compared to the same period last year, due to reclassification of taxes previously included in management expenses[12] - Operating expenses decreased by 74.01% year-on-year, primarily due to reduced losses from fixed asset disposals[12] - The company paid 5,025,682.98 RMB in taxes, an increase from 2,420,141.84 RMB in the previous period[33]