LK(SH:600388)2018-04-27 16:00Financial Performance - Operating revenue for the period was CNY 1,209,477,839.88, representing a growth of 5.81% year-on-year[6] - Net profit attributable to shareholders increased by 11.08% to CNY 93,405,279.76 compared to the same period last year[6] - Basic earnings per share rose by 12.50% to CNY 0.09 per share[6] - Net profit for Q1 2018 was CNY 93.64 million, compared to CNY 84.68 million in the same period last year, reflecting an increase of approximately 10.4%[24] - Operating revenue for Q1 2018 reached CNY 1.21 billion, up from CNY 1.14 billion year-over-year, indicating a growth of about 5.9%[24] - The company’s net profit for Q1 2018 reached CNY 695,614,326.56, a significant increase compared to CNY 69,338,979.75 in the same period last year, representing a growth of approximately 900%[27] - Total revenue from sales of goods and services amounted to CNY 1,360,030,396.64, compared to CNY 1,168,942,229.59 in Q1 2017, reflecting a year-over-year increase of approximately 16.3%[29] - The total comprehensive income for the quarter was CNY 697,338,869.24, compared to CNY 69,249,829.29 in Q1 2017, showcasing strong overall financial performance[27] Assets and Liabilities - Total assets increased by 4.05% to CNY 15,184,860,560.13 compared to the end of the previous year[6] - The company's total assets as of March 31, 2018, were 15,184,860,560.13 RMB, an increase from 14,593,284,055.48 RMB at the beginning of the year[18] - The company's total liabilities increased to 10,524,131,586.72 RMB from 10,027,046,262.15 RMB at the beginning of the year[19] - Total liabilities decreased to CNY 8.11 billion from CNY 8.31 billion, a reduction of about 2.6%[22] - The company's total equity rose to CNY 4.01 billion, compared to CNY 3.32 billion at the beginning of the year, marking an increase of around 20.9%[23] Cash Flow - The company reported a net cash flow from operating activities of -350,793,463.66 RMB, an improvement compared to -373,825,682.15 RMB in the same period last year[14] - Cash flow from operating activities showed a net outflow of CNY -350,793,463.66, slightly improved from CNY -373,825,682.15 in the previous year[29] - The company's net cash flow from financing activities was 881,480,965.18 RMB, a significant increase compared to -4,049,581.16 RMB in the same period last year, primarily due to increased bank borrowings[14] - Financing activities generated a net cash inflow of CNY 881,480,965.18, a significant increase from CNY -4,049,581.16 in Q1 2017, highlighting improved financing conditions[31] - The company received CNY 900,000,000.00 from borrowings during the quarter, compared to CNY 19,146,993.48 in the previous year, indicating a strategic move to enhance liquidity[31] Shareholder Information - The total number of shareholders reached 108,068 by the end of the reporting period[10] - The company’s major shareholder, Longjing Industrial Group Co., Ltd., holds 17.17% of the shares, with a significant portion pledged[10] Inventory and Receivables - The company's inventory as of March 31, 2018, was 6,875,591,379.52 RMB, up from 6,704,772,306.08 RMB at the beginning of the year[18] - Inventory increased to CNY 4.60 billion from CNY 4.36 billion, reflecting a rise of approximately 5.5%[21] - The company reported a decrease in accounts receivable to CNY 1.70 billion from CNY 1.78 billion, a decline of about 4.0%[21] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 19,187,145.07, closely related to its normal business operations[9] - The company reported a significant increase in other income, amounting to 19,183,085.21 RMB, attributed to government subsidies[14] - The company reported an increase in other income to CNY 11,956,184.95, contributing positively to the overall financial results[27] Financial Expenses - Financial expenses rose by 107.10% to 19,306,410.38 RMB due to increased exchange losses[14] Cash and Cash Equivalents - The company's cash and cash equivalents increased to 2,384,959,852.22 RMB from 2,031,392,556.33 RMB at the beginning of the year[17] - The company reported a cash and cash equivalents balance of CNY 2,127,479,192.53 at the end of the quarter, up from CNY 1,866,973,826.36 at the end of Q1 2017[31] - The ending balance of cash and cash equivalents was $1.37 billion, up from $1.15 billion in the previous year[33]