LYCG(SH:600491)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 73.49% to CNY 119,486,616.76 compared to the same period last year[7]. - Basic earnings per share increased by 73.44% to CNY 0.0947[7]. - Net profit for Q1 2017 reached CNY 116,595,995.83, an increase of 70.7% compared to CNY 68,417,959.90 in Q1 2016[27]. - The net profit attributable to shareholders of the parent company was CNY 119,486,616.76, up from CNY 68,873,568.86 in the previous year[27]. - Basic and diluted earnings per share for Q1 2017 were both CNY 0.09, compared to CNY 0.05 in Q1 2016[28]. Revenue and Costs - Operating revenue decreased by 2.88% to CNY 3,966,124,948.20 compared to the same period last year[7]. - Total operating revenue for Q1 2017 was CNY 3,966,124,948.20, a decrease of 2.9% from CNY 4,083,794,679.20 in the same period last year[26]. - Total operating costs for Q1 2017 were CNY 3,809,592,889.45, down 4.7% from CNY 3,998,548,525.76 year-over-year[27]. Assets and Liabilities - Total assets increased by 2.01% to CNY 27,979,533,525.61 compared to the end of the previous year[7]. - Total current assets amounted to CNY 24.26 billion, a decrease from CNY 24.69 billion at the beginning of the year[19]. - Total non-current assets increased to CNY 3.72 billion from CNY 2.74 billion at the beginning of the year[20]. - Total liabilities increased to CNY 22.36 billion from CNY 21.94 billion at the beginning of the year[21]. - Total equity increased to CNY 5.62 billion from CNY 5.49 billion at the beginning of the year[21]. Cash Flow - Cash flow from operating activities was negative at CNY -106,963,655.27, an improvement from CNY -527,328,539.79 in the previous year[7]. - The net cash flow from operating activities was negative at approximately -¥106.96 million, an improvement from -¥527.33 million in the previous year[33]. - Cash inflow from operating activities totaled approximately ¥5.88 billion, up from ¥5.02 billion year-over-year, indicating a growth of about 17.1%[33]. - The total cash and cash equivalents at the end of the period stood at approximately ¥1.91 billion, compared to ¥1.24 billion at the end of the previous year, showing an increase of about 54%[34]. Investments and Financing - Long-term receivables increased by 63.3% to CNY 8,690,985,000 due to increased investment in PPP projects[13]. - Long-term borrowings increased by 53.63% to CNY 209,181,580 due to financing for PPP business[13]. - The cash flow from financing activities included approximately ¥1.18 billion from borrowings, significantly higher than ¥263.40 million in the previous year, indicating a substantial increase in financing[34]. Tax and Financial Expenses - Tax expenses decreased by CNY 114.58 million, a decline of 93.83% year-on-year, mainly due to the impact of the "VAT reform" policy[14]. - Financial expenses increased by CNY 15.72 million, a rise of 126.55% year-on-year, primarily due to interest from PPP business financing and foreign exchange rate fluctuations[14]. - Income tax expenses increased by CNY 25.56 million, a rise of 143.69% year-on-year, mainly due to significant profit growth this period[14]. - The company reported a significant reduction in tax expenses, with Q1 2017 tax expenses at CNY 43,341,148.42, compared to CNY 17,785,677.24 in Q1 2016[27]. Shareholder Information - The number of shareholders reached 52,020, with the top ten shareholders holding a combined 50.33% of the shares[11][12].