LMZ(SH:600249)2017-04-26 16:00Financial Performance - Operating revenue for the period was CNY 356,546,308.60, representing a growth of 10.32% year-on-year[6] - Net profit attributable to shareholders of the listed company was CNY -28,671,549.64, showing an improvement compared to CNY -46,860,640.89 in the same period last year[6] - Basic and diluted earnings per share were both CNY -0.0488, an increase of 41.35% compared to CNY -0.0832 in the previous year[6] - The company's net profit for the period was not explicitly stated, but the decrease in total costs suggests improved profitability[24] - The net profit for Q1 2017 was a loss of CNY 8,462,054.12, compared to a loss of CNY 28,695,080.12 in the same period last year, indicating an improvement[28] - The total comprehensive income for Q1 2017 was a loss of CNY 7,877,310.27, compared to a loss of CNY 62,812,688.40 in the previous year[29] - The total profit (loss) before tax for Q1 2017 was a loss of CNY 8,462,054.12, compared to a loss of CNY 28,695,080.12 in the previous year[28] Cash Flow - The net cash flow from operating activities was CNY -64,004,496.35, which is not comparable to the previous year due to different operational conditions[6] - Operating cash flow net amount decreased by 77.86% to -¥64,004,496.35 from -¥35,985,774.04 due to reduced cash collection from receivables[15] - The cash flow from operating activities showed a net outflow of CNY 64,004,496.35, worsening from a net outflow of CNY 35,985,774.04 in the previous year[30] - The net cash flow from operating activities was -30,426,220.39 RMB, compared to -45,380,526.43 RMB in the previous period, indicating an improvement of approximately 33%[33] - The net cash flow from investment activities was -57,428,368.05 RMB, a decline from a positive cash flow of 3,703,657.70 RMB in the previous period[33] - The total cash and cash equivalents at the end of the period decreased to 170,239,683.38 RMB from 244,118,560.06 RMB, reflecting a decline of approximately 30%[33] - The cash flow from sales of goods and services was 29,990,695.38 RMB, down from 40,050,433.34 RMB, a decrease of about 25%[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,257,205,101.99, a decrease of 0.60% compared to the end of the previous year[6] - The company reported a decrease in net assets attributable to shareholders of the listed company by 1.31% to CNY 1,956,297,712.97 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 34.00% to ¥198,485,499.54 from ¥300,728,557.57 due to the purchase of bank wealth management products[13] - Financial assets measured at fair value decreased by 95.90% to ¥1,195,179.04 from ¥29,164,527.41 as a result of fund reduction[13] - Total liabilities decreased to CNY 1,257,337,426.02 from CNY 1,264,657,563.98, a reduction of 0.6%[20] - Current liabilities increased due to short-term borrowings rising to ¥271,989,068.00 from ¥243,000,000.00[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 77,618[11] - The largest shareholder, Guangxi Liuzhou Industrial Investment Development Group Co., Ltd., held 33.34% of the shares[11] Operational Efficiency - The weighted average return on net assets improved by 0.83 percentage points to -1.36%[6] - The company is focusing on reducing operational costs and improving efficiency as indicated by the decrease in total operating costs[24] - The company reported a decrease in sales expenses to CNY 20,178,182.01 from CNY 26,480,842.69, reflecting a cost-cutting strategy[28] - Financial expenses turned positive with a gain of CNY 8,086,499.26, compared to a loss of CNY 3,761,599.92 in the previous year[28] Investment Activities - Cash inflow from investment activities totaled 149,391,026.95 RMB, significantly higher than 90,000,516.00 RMB in the previous period, representing a growth of about 66%[33] - The company received 120,000,000.00 RMB from other investment-related cash activities, up from 90,000,000.00 RMB in the previous period, marking a 33% increase[33] - The company paid 205,000,000.00 RMB in cash for other investment activities, compared to 86,000,000.00 RMB previously, indicating a significant increase of approximately 139%[33]