LBC(SH:600727)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders increased by 9.43% year-on-year, reaching CNY 5,237,340.32[7] - Operating revenue rose by 3.65% compared to the same period last year, totaling CNY 131,870,408.38[7] - The company's operating revenue for Q1 2017 was CNY 131,870,408.38, an increase of 3.3% compared to CNY 127,227,393.55 in the same period last year[28] - The net profit for Q1 2017 was CNY 5,237,340.32, up from CNY 4,786,051.02 in Q1 2016, representing an increase of 9.4%[28] Cash Flow - Cash flow from operating activities increased significantly by 251.33%, amounting to CNY 137,290,585.83[7] - The net cash flow from operating activities for Q1 2017 was CNY 137,290,585.83, significantly higher than CNY 39,077,116.35 in the previous year, indicating a substantial improvement[30] - Cash inflow from financing activities amounted to $19,693,200.00, with no cash outflow reported for financing activities[31] - The cash flow from investment activities included cash inflows of $103,942,844.89 and cash outflows of $1,602,400.10[31] Assets and Liabilities - Total assets decreased by 5.73% from the end of the previous year, amounting to CNY 1,409,304,458.33[7] - The total liabilities decreased from CNY 409,810,088.54 at the beginning of the year to CNY 319,312,280.04, a reduction of 22.1%[26] - The balance of accounts receivable decreased by 61.23% compared to the beginning of the year, primarily due to the maturity of bank acceptance notes[12] - Other current assets decreased by 62.49% from the beginning of the year, attributed to the redemption of bank wealth management products[13] Inventory and Prepayments - Prepayments decreased by 40.26% compared to the beginning of the year, mainly due to the delivery of previously prepaid goods[14] - The company’s inventory decreased from CNY 85,684,671.74 to CNY 78,262,164.15, a decline of 8.7%, suggesting improved inventory turnover[24] Financial Management - Financial expenses for the reporting period were CNY -1,221,200, a significant change due to the absence of interest income from entrusted wealth management[15] - The company’s financial expenses improved, showing a reduction from CNY -2,053,504.68 to CNY -1,221,156.89, indicating better financial management[28] Tax and Refunds - The company reported a 100% increase in tax refunds received compared to the same period last year, attributed to tax incentives[18] Cash and Equivalents - The cash and cash equivalents increased to CNY 271,821,422.99 from CNY 32,190,392.37, showing a significant growth of 743.5%[24] - The total cash and cash equivalents at the end of the period reached $271,821,422.99, up from $32,190,392.37 at the beginning of the period[31] - The company reported a significant increase in cash and cash equivalents, with a net increase of $239,631,030.62 during the period[31] Investment Activities - The net cash inflow from investment activities was $102,340,444.79, compared to a net outflow of $39,817,602.76 in the previous period[31] - The cash outflow related to other investment activities was $38,663,180.67 in the previous period, which was not reported in the current period[31] - The company did not report any cash received from the absorption of investments or loans during the current period[31] Exchange Rate Impact - The impact of exchange rate changes on cash and cash equivalents was not specified in the report[31]