LMZ(SH:600249)2016-04-28 16:00Financial Performance - Operating revenue increased by 10.54% to CNY 323,200,616.12 year-on-year[6] - Net profit attributable to shareholders decreased by 20.44% to CNY -46,860,640.89 compared to the same period last year[6] - Basic and diluted earnings per share improved by 26.18%, reaching CNY -0.0832[6] - The company reported a net profit decline compared to the previous year, with significant changes expected in the cumulative net profit by the next reporting period[18] - The net profit for Q1 2016 was a loss of ¥28,695,080.12, an improvement from a loss of ¥33,946,622.50 in the previous year, representing a reduction of approximately 15.5%[27] - The company reported a comprehensive loss of CNY 87.33 million for Q1 2016, compared to a comprehensive loss of CNY 94.60 million in the same period last year[25] Cash Flow - Cash flow from operating activities improved by 32.93%, resulting in a net cash flow of CNY -35,985,774.04[6] - Cash inflow from operating activities totaled ¥301,301,846.19, up from ¥273,525,316.47 year-over-year, marking an increase of approximately 10.1%[29] - Cash outflow from operating activities was ¥337,287,620.23, compared to ¥327,182,479.73 in the previous year, showing a slight increase of about 3.4%[29] - Cash flow from investment activities improved by 43,255,820.63 RMB, a 69.49% increase due to reduced fixed asset purchases and decreased bank wealth management product investments[12] - Investment activities resulted in a net cash outflow of ¥18,993,302.21, an improvement from a net outflow of ¥62,249,122.84 in the previous year, indicating a 69.5% reduction in cash outflow[29] - Financing activities generated a net cash outflow of ¥5,131,339.51, a significant decrease from a net inflow of ¥416,796,493.62 in the previous year, reflecting a change in financing strategy[30] Assets and Liabilities - Total assets decreased by 3.16% to CNY 3,842,967,991.98 compared to the end of the previous year[6] - Total liabilities decreased from CNY 1.77 billion to CNY 1.73 billion, showing a decline of approximately 2.4%[19] - The company's total equity decreased from CNY 2.20 billion to CNY 2.11 billion, a decrease of about 4.0%[19] - The company's cash and cash equivalents decreased from CNY 414.78 million at the beginning of the year to CNY 341.70 million by the end of the first quarter, representing a decline of approximately 17.6%[17] - The total cash and cash equivalents decreased by ¥60,080,609.91 during the quarter, contrasting with an increase of ¥300,888,465.73 in the same period last year, highlighting a challenging liquidity position[30] Shareholder Information - The total number of shareholders reached 56,131 at the end of the reporting period[10] - The largest shareholder, Liuzhou Industrial Investment Co., Ltd., holds 33.34% of the shares[10] - The company has a lock-up period for newly issued shares, preventing trading or transfer for 36 months from the issuance date[15] Operational Efficiency - Operating costs for Q1 2016 were CNY 377.20 million, up from CNY 366.12 million year-over-year, resulting in an operating loss of CNY 54.02 million[24] - Sales expenses decreased to CNY 40.59 million from CNY 51.28 million, indicating cost control efforts[24] - Management expenses also decreased to CNY 39.80 million from CNY 42.28 million, further reflecting the company's focus on reducing operational costs[24] Non-Operating Income and Expenses - The company reported a non-operating income of CNY 1,075,755.80, primarily from government subsidies[9] - Non-operating income increased by 968,890.01 RMB, a growth of 100.05% due to increased government subsidies[11] - The company reported a significant increase in non-operating expenses by 153,269.68 RMB, a rise of 946.77% due to increased fixed asset disposal losses[12] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[6] - The company is in the process of expanding its market presence and exploring new product development strategies[15] - The company has committed to not engaging in similar business activities as its competitors, focusing on its own product lines[15]