LZCIC(SH:600423)2016-06-16 16:00Financial Performance - Operating revenue decreased by 14.62% to CNY 530,183,398.00 compared to the same period last year[5] - Net profit attributable to shareholders was a loss of CNY 88,402,323.96, compared to a loss of CNY 53,804,135.14 in the same period last year[5] - The company experienced a significant decline in sales and prices, leading to a substantial decrease in revenue and profit metrics compared to the previous year[11] - The net loss for Q1 2016 was CNY -88,402,323.96, compared to a net loss of CNY -53,804,135.14 in Q1 2015, representing a 64.5% increase in losses year-over-year[27] - The company's operating revenue for the current period is ¥377,338,821.92, a decrease of 9.5% compared to ¥417,010,948.91 in the previous period[30] - Operating profit for the current period is -¥56,604,312.17, slightly improved from -¥59,856,330.36 in the previous period[30] - The total profit for the current period is -¥54,327,402.13, compared to -¥57,939,623.79 in the previous period, indicating a reduction in losses[30] - The net profit for the current period is -¥54,327,402.13, consistent with the total profit figure, showing no tax expenses recorded[30] Cash Flow - Cash flow from operating activities increased by 34.79% to CNY 98,293,428.41 compared to the same period last year[5] - Cash flow from operating activities generated a net cash inflow of ¥98,293,428.41, an increase of 35% from ¥72,923,426.38 in the previous period[34] - Cash flow from investing activities decreased by 78.75% year-on-year, mainly due to a reduction in cash paid for fixed asset purchases[16] - Cash flow from investing activities resulted in a net outflow of -¥6,481,299.36, an improvement from -¥30,503,805.09 in the previous period[35] - Cash flow from financing activities decreased by 366.39% year-on-year, primarily due to a decrease in new bank borrowings[16] - Cash flow from financing activities showed a net outflow of -¥169,168,304.83, compared to a net inflow of ¥63,503,065.95 in the previous period, indicating increased financing costs[35] Assets and Liabilities - Total assets decreased by 3.14% to CNY 4,637,998,665.60 compared to the end of the previous year[5] - Cash and cash equivalents decreased by 48.22% due to a bank transfer of CNY 50,916,600 for debt repayment[10] - Accounts receivable decreased by 62.14% primarily due to the settlement of matured acceptance bills[10] - The total current assets decreased from CNY 1,342.24 million at the beginning of the year to CNY 1,253.16 million[18] - The total liabilities decreased from CNY 4,001.27 million at the beginning of the year to CNY 3,938.20 million[20] - The company's fixed assets decreased from CNY 2,965.82 million at the beginning of the year to CNY 2,888.96 million[19] - Current liabilities increased to CNY 1,833,511,882.29 from CNY 1,732,406,888.47, marking a rise of 5.9%[23] - The company's total liabilities reached CNY 3,317,986,173.51, compared to CNY 3,218,177,612.87 at the beginning of the year, indicating a growth of 3.1%[24] Shareholder Information - The number of shareholders reached 25,229 at the end of the reporting period[9] - The company reported a net loss of CNY 300.63 million in retained earnings, compared to a loss of CNY 212.23 million at the beginning of the year[20] Related Party Transactions - The company transferred CNY 50.9166 million to repay the loans and interest of the controlling shareholder, which constituted a substantial fund occupation[15] - As of the report date, all non-operating funds owed by related parties have been fully settled[15] - The company has no other non-operating fund transactions or similar asset control issues with related parties since 2016[15]