LK(SH:600388)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders rose by 9.92% to CNY 84.09 million year-on-year[6] - Operating revenue for the quarter was CNY 1.14 billion, a slight increase of 0.25% from the same period last year[6] - Basic and diluted earnings per share increased by 14.29% to CNY 0.08[6] - The company reported a significant increase in non-operating income, which rose to 11,214,194.42 RMB, up 99.97% from 5,607,957.17 RMB in the previous period[14] - Net profit for Q1 2017 was CNY 84,682,080.80, up from CNY 75,308,082.25, indicating an increase of 4.83% year-over-year[26] - Total comprehensive income attributable to the parent company was ¥84,731,931.59, up from ¥73,940,559.40 in the same quarter last year[27] Cash Flow - The net cash flow from operating activities was negative at CNY -373.83 million, compared to CNY -219.63 million in the previous year[6] - Cash flow from operating activities showed a net outflow of ¥373,825,682.15, worsening from a net outflow of ¥219,626,923.04 in Q1 2016[28] - Net cash flow from operating activities was -$423,198,632.79, improving from -$620,122,903.89 year-over-year[31] - The ending balance of cash and cash equivalents was $1,151,190,099.60, up from $610,083,370.19 in the previous year[31] Assets and Liabilities - Total assets increased by 1.22% to CNY 14.81 billion compared to the end of the previous year[6] - The company's total assets as of March 31, 2017, amounted to 14,811,848,312.88 RMB, an increase from 14,633,453,012.20 RMB at the beginning of the year[17] - The company's total liabilities increased to 10,662,470,330.62 RMB from 10,569,255,107.14 RMB, indicating a rise in financial obligations[18] - Total liabilities decreased to CNY 8,979,298,250.01 from CNY 9,086,219,996.57, a decline of 1.18%[23] - The total equity increased to CNY 2,931,679,599.52 from CNY 2,862,429,770.23, showing a growth of 2.42%[23] Inventory and Receivables - The company's inventory increased to 6,701,212,690.41 RMB from 6,184,180,854.01 RMB, reflecting a growth of approximately 8.35%[16] - The company reported a decrease in accounts receivable to 1,895,527,673.88 RMB from 2,147,127,619.31 RMB, indicating a reduction of approximately 11.7%[16] Expenses - Total operating costs decreased to CNY 1,051,909,591.18 from CNY 1,054,259,976.32, reflecting a reduction of 0.23%[26] - Financial expenses surged to 9,322,080.03 RMB, a 182.23% increase compared to 3,302,973.63 RMB in the previous period, primarily due to a decrease in interest income[14] - The company is focusing on cost control measures, as evidenced by the reduction in sales and management expenses compared to the previous year[26] Orders and Backlog - The company added new orders worth 2.7 billion RMB (including tax) in Q1 2017, bringing the total backlog to 17.5 billion RMB (including tax) as of the end of Q1 2017[14]