LYCG(SH:600491)2014-04-29 16:00Financial Performance - Operating revenue for the first quarter rose by 14.05% to CNY 3,720,608,544.95 year-on-year[9] - Net profit attributable to shareholders increased by 26.74% to CNY 47,399,565.96 compared to the same period last year[9] - Basic earnings per share increased by 26.58% to CNY 0.0500[9] - The net profit for Q1 2014 was CNY 67,235,730.23, an increase of 6.5% compared to CNY 62,930,190.69 in the same period last year[33] - Operating revenue from sales of goods and services reached CNY 3,679,961,284.74, up 4.6% from CNY 3,518,832,694.15 in Q1 2013[35] - The total comprehensive income for Q1 2014 was CNY 67,235,730.23, consistent with the net profit figure[33] Assets and Liabilities - Total assets increased by 1.01% to CNY 17,782,868,366.68 compared to the end of the previous year[9] - Current liabilities totaled approximately 13.84 billion RMB, slightly up from 13.70 billion RMB at the beginning of the year[21] - Total liabilities amounted to CNY 14,582,509,627.72, a slight increase from CNY 14,448,831,717.20 at the beginning of the year[22] - The company's total equity increased to CNY 3,200,358,738.96, compared to CNY 3,155,912,518.01 at the beginning of the year, reflecting a growth of 1.4%[22] - The company reported a total of CNY 8,237,550,766.26 in inventory, which increased from CNY 7,931,093,322.07 at the start of the year, indicating a growth of 3.9%[24] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -412,299,172.59, compared to CNY -131,204,720.32 in the previous year[9] - Cash received from operating activities increased by 1.33 billion RMB, a growth of 181.67%, mainly due to an increase in operating-related receivables[12] - Cash paid for operating activities increased by 1.31 billion RMB, a growth of 163.16%, primarily due to an increase in operating-related payables[12] - Total cash inflow from operating activities was CNY 5,749,269,516.43, compared to CNY 4,254,028,385.51 in the prior year, reflecting a growth of 35.1%[36] - The cash flow from financing activities net increase of CNY 102,681,607.76, compared to a net decrease of CNY -37,786,411.33 in the previous year[36] - The cash flow from investment activities showed a net outflow of CNY -181,211.29, a significant decrease from a net inflow of CNY 140,327,698.85 in Q1 2013[36] Shareholder Information - The total number of shareholders reached 46,260 at the end of the reporting period[11] - The largest shareholder, Lai Zhenyuan, holds 33.67% of the shares, totaling 319,072,052 shares[11] Government Subsidies and Non-Recurring Gains - The company received government subsidies amounting to CNY 783,000 related to its regular business operations[9] - The company reported a total of CNY 13,089,105.05 in net income from non-recurring gains and losses[9] Interest and Borrowings - Accounts receivable interest increased by 8.56 million RMB compared to the beginning of the period, primarily due to accrued interest on entrusted loans[12] - Accounts payable interest increased by 8.14 million RMB, representing a 194.13% increase, mainly due to accrued interest expenses on borrowings[12] - Cash received from borrowings increased by 132.80 million RMB, a growth of 38.37%, due to new short-term borrowings this period[13] Employee Compensation - The company paid CNY 1,697,078,098.29 in employee compensation, which is an increase from CNY 1,545,840,923.55 in the same quarter last year[36]