LBC(SH:600727)2018-04-25 16:00Financial Performance - Operating revenue for the year-to-date was CNY 114,667,012.63, a decrease of 13.05% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 24,983,559.49, representing a significant increase of 377.03% year-on-year[5] - Basic earnings per share rose to CNY 0.07, a 600% increase compared to CNY 0.01 in the previous year[5] - The company's net profit for the first quarter was 24.98 million RMB, compared to 5.24 million RMB in the same period last year, representing a substantial increase[18] - The company's basic and diluted earnings per share for the first quarter were both 0.07 RMB, compared to 0.01 RMB in the same period last year[19] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,476,820,410.01, an increase of 0.40% compared to the end of the previous year[5] - Accounts receivable increased by 102.88% compared to the beginning of the year, primarily due to sales activities[12] - Inventory at the end of the period increased by 43.48% compared to the beginning of the year, attributed to seasonal sales[12] - The company's total assets as of March 31, 2018, were 1.48 billion RMB, compared to 1.47 billion RMB at the beginning of the year[16] Cash Flow - The net cash flow from operating activities was negative CNY 3,001,894.02, compared to a positive CNY 137,290,585.83 in the same period last year[5] - The net cash flow from operating activities for the first quarter of 2018 was -3,001,894.02 RMB, a significant decrease compared to 137,290,585.83 RMB in the same period last year[20] - Cash inflow from operating activities totaled 143,736,536.21 RMB, down 38.3% from 233,055,505.73 RMB year-over-year[20] - Cash outflow from operating activities increased to 146,738,430.23 RMB, up 53.2% from 95,764,919.90 RMB in the previous year[20] - The net cash flow from investing activities was 57,128,691.17 RMB, a decrease of 44% compared to 102,340,444.79 RMB in the same period last year[21] - Cash inflow from investing activities reached 502,178,955.28 RMB, a substantial increase from 103,942,844.89 RMB year-over-year[21] - Cash outflow from investing activities was 445,050,264.11 RMB, significantly higher than 1,602,400.10 RMB in the previous year[21] - The net increase in cash and cash equivalents for the period was 54,126,797.15 RMB, down 77.6% from 239,631,030.62 RMB year-over-year[21] - The ending balance of cash and cash equivalents was 288,060,207.51 RMB, compared to 271,821,422.99 RMB in the same period last year[21] Expenses - Sales expenses decreased by 69.02% compared to the same period last year, mainly due to reduced sales of certain products and refined management[13] - Financial expenses amounted to -4.72 million RMB, a significant change from the same period last year, primarily due to interest income from bank wealth management[13] - Asset impairment losses increased by 64.34% year-on-year, mainly due to an increase in bad debt provisions for accounts receivable[13] Market Outlook - The cumulative net profit for the year is expected to significantly increase compared to the same period last year, driven by higher market sales prices for raw salt and bromine products[14]