LK(SH:600388)2016-04-29 16:00Financial Performance - Net profit attributable to shareholders rose by 26.28% to CNY 76.50 million year-on-year[6] - Operating revenue increased by 18.44% to CNY 1.14 billion compared to the same period last year[6] - Basic and diluted earnings per share both increased by 16.67% to CNY 0.07[6] - The net profit attributable to the parent company increased to CNY 1,839,584,101.42 from CNY 1,763,085,681.93, reflecting a growth of 4.3%[20] - The net profit for Q1 2016 reached CNY 75,308,082.25, representing a 25.5% increase from CNY 59,925,484.46 in Q1 2015[27] - The total comprehensive income for Q1 2016 was CNY 72,750,222.16, compared to CNY 60,878,105.09 in the previous year, reflecting a growth of 19.5%[28] - The operating profit for Q1 2016 was CNY 87,118,090.49, an increase of 26.0% from CNY 69,100,655.51 in Q1 2015[27] Assets and Liabilities - Total assets increased by 1.16% to CNY 13.67 billion compared to the end of the previous year[6] - The total liabilities increased to CNY 9,935,010,094.47 from CNY 9,851,028,055.11, representing a rise of 0.85%[20] - The total current liabilities were CNY 8,990,039,875.22, slightly up from CNY 8,903,789,142.29, showing a marginal increase of 1%[20] - Total current assets increased slightly to ¥11,882,606,009.82 from ¥11,734,005,731.86 at the beginning of the year[18] - The inventory balance rose significantly to CNY 4,477,927,136.56, compared to CNY 3,825,518,932.85, marking an increase of 17%[23] - The total equity attributable to shareholders increased to CNY 3,639,100,339.19 from CNY 3,565,159,779.79, an increase of 2.07%[20] Cash Flow - Net cash flow from operating activities was negative at CNY -219.63 million, compared to CNY -136.99 million in the same period last year[6] - Cash inflows from operating activities totaled CNY 1,267,744,411.94, slightly down from CNY 1,350,848,006.57 in Q1 2015[30] - The net cash flow from operating activities for Q1 2016 was -620,122,903.89 RMB, compared to -209,823,934.43 RMB in the previous period, indicating a significant decline[33] - Total cash inflow from operating activities was 932,570,130.89 RMB, while cash outflow was 1,552,693,034.78 RMB, resulting in a cash flow deficit[33] - Cash flow from investment activities showed a net outflow of -8,764,585.11 RMB, compared to -7,692,903.30 RMB in the previous period[33] - Cash flow from financing activities resulted in a net outflow of -81,426,402.78 RMB, reflecting a repayment of debts[33] Expenses and Provisions - Financial expenses decreased by 74.30% to ¥3,302,973.63 due to increased interest income and reduced exchange losses[13] - Asset impairment losses surged by 2689.07% to ¥6,266,088.96 as the company increased its bad debt provisions based on aging[13] - The company's financial expenses decreased to CNY 3,302,973.63 in Q1 2016 from CNY 12,849,658.52 in the same period last year, a reduction of 74.3%[27] Shareholder Information - The company distributed a cash dividend of CNY 3.3 per 10 shares and issued 5 bonus shares for every 10 shares held[5] - The total number of shareholders at the end of the reporting period was not disclosed, but the top ten shareholders held a significant portion of shares[11] - There were no significant changes in the controlling shareholder during the reporting period[12] Government Support - The company received government subsidies amounting to CNY 4.49 million related to its normal business operations[9] Other Financial Metrics - The weighted average return on net assets improved by 0.21 percentage points to 2.12%[6] - Prepayments increased by 41.15% to ¥562,962,981.73 due to higher advance payments for materials and installation services[13] - Accounts payable decreased by 46.50% to ¥65,094,572.87 as a result of reduced outstanding notes[13] - Employee compensation payable dropped by 71.63% to ¥22,542,586.98 due to payments made for last year's accrued salaries[13] - Tax payable decreased by 56.05% to ¥80,404,348.04 as the company paid off the initial value-added tax and corporate income tax[13] - The total operating costs for Q1 2016 amounted to CNY 1,054,259,976.32, up from CNY 893,490,347.34 in the previous year, reflecting a year-over-year increase of 18%[26] - The cost of goods sold for Q1 2016 was CNY 754,915,267.19, up from CNY 588,020,272.53 in Q1 2015, indicating a rise of 28.3%[28] - The company reported an investment income of CNY 1,183,512.15 in Q1 2016, compared to a loss of CNY 155,528.04 in the same period last year[27]