LBC(SH:600727)2014-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 23.90% to CNY 3,579,948.05 compared to the same period last year[12] - Operating revenue decreased by 21.01% to CNY 131,647,255.53 compared to the same period last year[12] - Net profit for the current period was CNY 3,579,948.05, compared to CNY 4,704,398.55 in the previous period, showing a decrease of approximately 23.93%[22] - Operating revenue decreased to CNY 131,647,255.53 from CNY 166,659,233.62, a decline of about 21.05%[22] - The weighted average return on equity decreased by 0.11 percentage points to 0.35%[12] - The basic earnings per share remained stable at CNY 0.01, consistent with the previous period[22] Assets and Liabilities - Total assets increased by 0.75% to CNY 1,321,335,354.69 compared to the end of the previous year[12] - The total assets increased to CNY 1,321,335,354.69 from CNY 1,311,463,721.17, reflecting a growth of approximately 0.66%[20] - Current assets rose to CNY 455,430,447.48, up from CNY 438,398,603.87, indicating an increase of about 3.36%[20] - The total liabilities remained stable at CNY 294,627,953.51, slightly up from CNY 288,134,981.62, an increase of about 2.00%[20] Cash Flow - Cash flow from operating activities was CNY 31,614,137.63, a significant improvement from a negative CNY 20,805,050.78 in the same period last year[12] - The company reported a net cash flow from operating activities of CNY 31,614,137.63, a turnaround from a negative cash flow of CNY -20,805,050.78 in the previous period[25] - Cash and cash equivalents increased by 66.83% compared to the beginning of the year, primarily due to product sales and receivables[15] - Cash and cash equivalents at the end of the period increased to CNY 73,484,279.52 from CNY 34,959,991.43, representing a significant increase of approximately 110.00%[25] Shareholder Information - The number of shareholders increased to 35,163, with the largest shareholder holding 30.13% of the shares[12] Financial Expenses and Income - Financial expenses increased by 82.21% due to a significant decrease in interest income compared to the previous year[15] - Non-operating income increased by 128.95% due to an increase in the disposal of materials compared to the previous year[15] Inventory and Capital - Inventory decreased to CNY 134,927,873.12 from CNY 150,830,297.40, a reduction of approximately 10.59%[20] - The company maintained its capital reserve at CNY 874,159,582.29, unchanged from the previous period[20] Acquisition Plans - The company plans to issue shares to acquire 100% of Shandong Jinsheng Ocean Resource Development Co., Ltd., with the proposal approved by the board and shareholders[17]