LFX(SH:600612)2018-04-27 16:00Financial Performance - Operating revenue for the period was CNY 14.13 billion, an increase of 8.97% year-on-year[5] - Net profit attributable to shareholders was CNY 333.92 million, up 7.42% from the same period last year[5] - Basic earnings per share increased by 7.42% to CNY 0.6383[5] - Total operating revenue for Q1 2018 reached ¥14,125,226,405.93, an increase of 8.9% compared to ¥12,962,707,491.31 in the same period last year[28] - Operating costs for the same period were ¥13,559,040,849.36, up from ¥12,463,768,015.18, reflecting a year-over-year increase of 8.8%[28] - Net profit attributable to shareholders of the parent company was ¥333,923,093.34, compared to ¥310,860,931.07 in the previous year, marking an increase of 7.4%[29] - The net profit for Q1 2018 was CNY 580,411.47, a significant decrease of 95.2% from CNY 12,201,965.30 in the same period last year[33] - The total comprehensive income for Q1 2018 was CNY -7,522,910.31, compared to CNY -3,645,767.00 in the previous year, indicating a worsening performance[33] Asset and Equity Changes - Total assets increased by 9.27% to CNY 14.67 billion compared to the end of the previous year[5] - Net assets attributable to shareholders increased by 6.48% to CNY 5.97 billion compared to the end of the previous year[5] - Total assets increased to ¥14,668,030,194.31 from ¥13,424,051,601.52, reflecting growth in both current and non-current assets[22] - Total liabilities decreased to ¥45,642,326.94 from ¥55,678,277.07, indicating a reduction of approximately 18%[27] - The company's total equity stood at ¥2,757,217,629.65, a slight decrease from ¥2,764,740,539.96 at the start of the year[27] Cash Flow Analysis - Net cash flow from operating activities was negative CNY 612.93 million, a decrease of 361.29% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of ¥612,930,434.65, a decline of 361.29% compared to the previous period, driven by increased cash payments for goods and services[19] - Cash flow from investing activities also decreased significantly by 429.92% to a net outflow of ¥37,761,000.29, due to higher cash payments for investments[19] - Cash flow from financing activities increased by 629.78% to ¥609,872,070.50, primarily due to an increase in cash received from borrowings[19] - The net cash flow from operating activities for Q1 2018 was CNY -612,930,434.65, a decline from CNY 234,575,275.80 in the same period last year[36] - The total cash outflow from operating activities was CNY 16,856,110,541.74, an increase from CNY 13,938,059,764.71 in the previous year[36] Shareholder Information - The company had a total of 36,416 shareholders at the end of the reporting period[9] - The top shareholder, Shanghai Huangpu District State-owned Assets Supervision and Administration Commission, held 42.09% of shares[9] Financial Asset Changes - Financial assets measured at fair value increased by 37.73% compared to the beginning of the period[12] - Fair value changes in financial assets increased by 247.92% to ¥8,594,982.19, attributed to gains from financial liabilities measured at fair value[18] - The company reported a fair value change gain of ¥8,594,982.19, compared to a loss of ¥5,810,607.65 in the previous year[29] Other Financial Metrics - The company reported a decrease of 0.20 percentage points in the weighted average return on net assets to 5.77%[5] - Investment income decreased by 45.77% to ¥7,129,305.97 compared to the previous period, primarily due to a decline in available-for-sale financial assets[14] - Prepayments increased by 148.15% to ¥84,257,960.41, mainly due to increased procurement payments by a subsidiary[14] - Other receivables rose by 74.92% to ¥78,964,264.25, primarily due to increased deposits by a subsidiary[14] - Construction in progress increased by 73.89% to ¥6,141,303.12, attributed to renovation expenses by subsidiaries[14] Cash and Cash Equivalents - Cash and cash equivalents decreased to ¥1,185,517,548.72 from ¥1,231,878,266.15, a decline of approximately 3.8%[25] - The cash and cash equivalents at the end of Q1 2018 were CNY 4,307,377,505.31, down from CNY 4,975,086,636.69 at the end of the previous year[37] - The ending balance of cash and cash equivalents was $1,185,517,548.72, down from $948,208,716.07, reflecting a decrease in liquidity[40] Employee Compensation - Employee compensation payments decreased to $1,342,964.23 from $1,950,511.79, showing a reduction in labor costs[39]