LK(SH:600388)2015-04-29 16:00Financial Performance - Operating revenue rose by 15.19% to CNY 962,637,425.87 year-on-year[7] - Net profit attributable to shareholders increased by 47.78% to CNY 60,576,265.73 compared to the same period last year[7] - Net profit after deducting non-recurring gains and losses grew by 57.20% to CNY 56,780,263.31[7] - Basic and diluted earnings per share increased by 40.00% to CNY 0.14[7] - Operating profit for Q1 2015 reached CNY 69,100,655.51, up 59.5% from CNY 43,345,391.88 in Q1 2014[27] - The company reported a total comprehensive income of CNY 60,878,105.09 for Q1 2015, compared to CNY 33,434,576.31 in Q1 2014, reflecting a growth of 82.0%[28] Assets and Liabilities - Total assets increased by 3.36% to CNY 11,826,035,526.70 compared to the end of the previous year[7] - Current assets totaled CNY 10,093,824,444.20, up from CNY 9,727,875,451.76, indicating a 3.77% increase[21] - Total liabilities decreased significantly, with accounts payable down by 40.98% to ¥28,458,935.19, reflecting fewer outstanding notes payable[13] - Total liabilities increased to CNY 8,521,392,198.06 from CNY 8,197,499,891.73, marking a growth of 3.94%[22] - Current liabilities amounted to CNY 7,490,360,145.60, up from CNY 7,163,455,858.21, a rise of 4.57%[22] - Owner's equity attributable to the parent company increased to CNY 3,207,255,185.39 from CNY 3,145,726,299.03, a growth of 1.95%[23] Cash Flow - The company reported a net cash flow from operating activities of CNY -136,996,120.52, an improvement from CNY -176,048,583.61 in the previous year[7] - Cash flow from operating activities showed a net outflow of CNY -136,996,120.52, an improvement from CNY -176,048,583.61 in Q1 2014[31] - The net cash flow from operating activities was -209,823,934.43 RMB, compared to -154,006,557.84 RMB in the previous period, indicating a decline in operational cash flow[35] - Total cash inflow from operating activities was 916,577,145.27 RMB, up from 779,684,941.10 RMB, reflecting a growth of approximately 17.6% year-over-year[34] - Cash outflow for purchasing goods and services was 820,210,087.02 RMB, an increase from 670,269,976.80 RMB, representing a rise of about 22.4%[34] Shareholder Information - The total number of shareholders reached 65,395 by the end of the reporting period[9] - The largest shareholder, Fujian Dongzheng Investment Co., Ltd., holds 17.17% of the shares[10] Government Subsidies and Tax - The company received government subsidies amounting to CNY 5,000,840.54 during the reporting period[8] - The company’s income tax expenses increased by 40.91% to ¥13,680,358.17 due to higher taxable income[14] - The company received 3,694,202.76 RMB in tax refunds, which is an increase from 2,894,349.37 RMB in the previous period[34] Non-Recurring Items - Non-recurring gains and losses totaled CNY 3,796,002.42 for the period[8] - Other comprehensive income after tax was CNY 952,620.63, a significant recovery from a loss of CNY -8,678,649.74 in Q1 2014[28] Investment Activities - The company reported a net cash outflow from investing activities of ¥68,370,257.37, an increase from the previous year's outflow of ¥18,967,057.28[15] - The cash flow from investing activities showed a net outflow of -7,692,903.30 RMB, compared to -6,220,442.11 RMB in the previous period, indicating increased investment expenditures[35] - The total cash outflow from investment activities was 7,692,903.30 RMB, compared to 8,977,787.34 RMB in the previous period, indicating a reduction in investment spending[35] Other Financial Metrics - Financial expenses rose by 33.86% to ¥12,849,658.52 mainly due to increased interest on medium-term notes[14] - Short-term borrowings decreased by 51.48% to ¥98,839,082.70 primarily due to repayment of previous borrowings[13] - Cash and cash equivalents decreased to CNY 853,868,797.20 from CNY 1,157,890,906.23, a decrease of 26.23%[25] - The ending cash and cash equivalents balance was 594,676,516.99 RMB, down from 220,130,222.35 RMB in the previous period, showing a significant decrease[35] - The company experienced a negative impact of -1,081,713.50 RMB from foreign exchange fluctuations on cash and cash equivalents[35]