LYCG(SH:600491)2018-04-27 16:00Financial Performance - Operating revenue for the period reached CNY 5.40 billion, representing a 36.11% increase year-on-year[6] - Net profit attributable to shareholders increased by 93.59% to CNY 214.25 million compared to the same period last year[6] - Basic earnings per share rose by 88.89% to CNY 0.17 per share[6] - The company's net profit for the year is expected to increase significantly compared to the same period last year, mainly due to the substantial growth in PPP business revenue[15] - Net profit for Q1 2018 was CNY 213,972,651.01, compared to CNY 116,595,995.83 in Q1 2017, representing an 83% increase[25] - The total profit for Q1 2018 was CNY 335,928,977.14, compared to CNY 124,884,568.27 in the same period last year, representing a significant increase[28] - The company's comprehensive income total of CNY 260,298,361.29 for Q1 2018, consistent with the net profit figure[28] Assets and Liabilities - Total assets increased by 3.41% to CNY 38.56 billion compared to the end of the previous year[6] - The total assets as of the end of Q1 2018 were CNY 32,358,504,030.93, up from CNY 31,284,007,564.32, indicating a growth of 3.4%[23] - The company's total liabilities as of March 31, 2018, were CNY 31,756,309,057.74, compared to CNY 31,077,599,277.81 at the beginning of the year[19] - Total liabilities increased to CNY 25,878,143,126.78 from CNY 25,090,888,469.73, marking a 3.1% rise[23] - The total current liabilities amounted to CNY 25,413,194,673.28, compared to CNY 24,622,847,232.71, showing a 3.2% increase[23] Cash Flow - The company reported a net cash flow from operating activities of CNY -932.67 million, indicating a significant cash outflow[6] - The net cash flow from operating activities was negative CNY 932,665,414.61, worsening from negative CNY 106,963,655.27 in the same quarter last year[31] - Operating cash inflow for Q1 2018 was CNY 6,854,019,587.59, compared to CNY 5,878,501,332.61 in the previous year, indicating a growth of approximately 16.5%[31] - Cash inflow from financing activities totaled $1.17 billion, up from $422.02 million, reflecting a strong increase in borrowing[36] - Total cash inflow from financing activities was CNY 3,265,641,055.81, compared to CNY 1,188,812,957.02 in the previous year, showing a substantial increase[32] - The ending balance of cash and cash equivalents was $551.66 million, down from $767.70 million, reflecting a decrease in liquidity[36] Shareholder Information - The number of shareholders reached 40,991 at the end of the reporting period[9] - The top shareholder, Lai Zhenyuan, holds 32.79% of the shares, with 413.90 million shares pledged[9] Investment and Costs - The company's operating costs increased by CNY 125,422.58 million, a growth of 34.61%, corresponding to the increased investment costs of ongoing projects[13] - The company's income tax expense increased by CNY 4,131.86 million, a rise of 95.33%, mainly due to the increase in profits[13] - The company reported an investment income of CNY 36,065,221.82, significantly higher than CNY 2,066,109.48 from the previous year[25] - The total cash outflow from investing activities was CNY 1,530,946,163.30, compared to CNY 990,317,388.95 in the same period last year, indicating increased investment activity[31] Prepayments and Contracts - Prepayments increased by 63.97% to CNY 253.03 million, mainly due to new project starts[12] - The prepayments at the end of the period increased by CNY 54,298.56 million, an increase of 82.52%, mainly due to large amounts of project repayments[13] - The company's new contract volume reached CNY 5.38 billion, with CNY 1.98 billion from PPP projects[14]