LMZ(SH:600249)2015-04-27 16:00Financial Performance - Operating revenue for the first quarter was CNY 292,382,800.78, representing a 9.74% increase year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 58,249,851.21, a decrease of 39.73% compared to the same period last year[8] - Basic and diluted earnings per share were both CNY -0.1127, a decrease of 21.71% year-on-year[8] - The company reported a significant decrease in other income by 55.18% to ¥968,368.79, due to reduced government subsidies[17] - The company anticipates potential significant changes in net profit compared to the previous year, indicating a warning for stakeholders[23] - The net profit attributable to shareholders for Q1 2015 was -58,249,851.21 RMB, indicating a loss due to increased macroeconomic pressure and market competition[24] - Net loss for Q1 2015 was CNY 72,392,545.67, compared to a net loss of CNY 49,501,518.08 in Q1 2014, representing a decline of 46.1%[37] - The company reported a comprehensive loss of CNY 94,602,397.60 for Q1 2015, compared to a comprehensive loss of CNY 111,774,837.87 in the same period last year[38] Assets and Liabilities - Total assets increased by 8.90% to CNY 4,474,795,593.49 compared to the end of the previous year[7] - The total liabilities increased slightly to 1,832,469,985.92 RMB from 1,822,297,720.24 RMB, reflecting a marginal rise of about 0.8%[30] - The equity attributable to shareholders increased to 2,535,505,079.38 RMB from 2,165,706,291.95 RMB, marking a significant growth of approximately 17.0%[30] - The total number of shareholders at the end of the reporting period was 54,309[12] - The largest shareholder, Liuzhou Industrial Investment Co., Ltd., held 33.34% of the shares[13] Cash Flow - The net cash flow from operating activities was a negative CNY 53,657,163.26, worsening by 85.20% compared to the previous year[7] - Cash inflows from operating activities totaled 273,525,316.47 RMB, slightly up from 271,394,443.47 RMB in the previous period[44] - Cash outflows from operating activities amounted to 327,182,479.73 RMB, compared to 300,366,451.36 RMB in the previous period, representing an increase of about 9%[44] - The net cash flow from financing activities was 416,796,493.62 RMB, a significant improvement from -36,676,632.36 RMB in the previous period[45] - The ending cash and cash equivalents balance was 921,314,371.24 RMB, compared to 273,612,050.20 RMB in the previous period, showing a substantial increase[46] Expenses - Sales expenses rose by 44.82% to ¥51,279,191.12, driven by increased advertising costs[17] - Financial expenses increased by 66.26% to ¥11,434,502.45, due to higher borrowing interest[17] - Total operating costs for Q1 2015 were CNY 366,120,959.08, up 15.2% from CNY 317,693,479.37 year-over-year[36] Future Plans and Strategies - The company plans to issue 100 million shares to raise up to ¥460 million, with approval received from the China Securities Regulatory Commission[18] - The company plans to enhance its marketing network and brand promotion efforts, aiming to expand market reach and increase the proportion of direct supply models[24] - The company is focusing on internal control management to reduce costs and improve profitability[24] - The company expects cumulative net profit to continue to show losses until the next reporting period, indicating ongoing financial challenges[24]