LSGC(SH:600738)2016-04-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 21.61% to CNY 23,881,463.61 compared to the same period last year[5]. - Operating revenue declined by 12.01% to CNY 295,249,656.21 year-on-year[5]. - The weighted average return on net assets decreased by 0.74 percentage points to 2.00%[5]. - Operating profit decreased to ¥30,940,389.50 from ¥40,278,554.00, reflecting a decline of approximately 23.06% year-over-year[25]. - Net profit attributable to the parent company decreased to ¥23,881,463.61 from ¥30,465,635.92, a decrease of around 21.73% year-over-year[25]. - Basic and diluted earnings per share decreased to ¥0.065 from ¥0.083, a decline of approximately 21.69% year-over-year[26]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 101,061,475.00, a decrease of 24.96% compared to the previous year[5]. - Cash flow from operating activities showed a net outflow of ¥101,061,475.00 compared to a net outflow of ¥80,876,656.74 in the previous period, indicating a worsening cash flow situation[30]. - The net cash flow from operating activities for Q1 2016 was -8,136,826.09 RMB, an improvement from -27,552,286.99 RMB in the same period last year[32]. - The company experienced a net decrease in cash and cash equivalents of 78,442,091.44 RMB during the quarter[31]. - The cash inflow from operating activities was 302,440,174.64 RMB, down from 328,289,571.74 RMB in the previous year[32]. Assets and Liabilities - Total assets increased by 1.06% to CNY 2,046,010,410.79 compared to the end of the previous year[5]. - Total liabilities decreased to CNY 841,108,895.44 from CNY 843,552,688.50, a decline of about 0.3%[19]. - Current liabilities decreased slightly to CNY 839,108,895.44 from CNY 841,552,688.50, a reduction of about 0.3%[19]. - Owner's equity increased to CNY 1,204,901,515.35 from CNY 1,181,020,051.74, representing a growth of approximately 2.0%[19]. Receivables and Inventory - Accounts receivable decreased by 61.67% to CNY 1,542,733.16 compared to the end of the previous year[10]. - Accounts receivable decreased significantly to CNY 1,542,733.16 from CNY 4,025,299.42, a decline of about 61.7%[21]. - Inventory increased from CNY 614.28 million to CNY 719.19 million, reflecting a rise in stock levels[17]. - Inventory increased to CNY 44,098,872.56 from CNY 42,397,838.80, reflecting a growth of approximately 4.0%[21]. Financial Expenses - Financial expenses increased by 90.37% to CNY 2,541,007.78, primarily due to higher interest expenses[11]. - Financial expenses increased to ¥4,837,244.72 from ¥2,541,007.78, an increase of about 90.00% year-over-year[25]. Shareholder Information - The number of shareholders reached 31,499, with the largest shareholder holding 35.15% of the shares[8]. Investment Activities - The net cash flow from investing activities decreased by CNY 158.72 million, a decline of 231.21% compared to the same period last year, primarily due to increased payments for construction projects[12]. - Total cash inflow from investment activities was 100,000,000.00 RMB, while cash outflow was 119,737,851.50 RMB, resulting in a net cash flow of -19,737,851.50 RMB[33]. Company Strategy - The company is currently planning a significant asset restructuring, with stock trading suspended since March 23, 2016, pending further developments[12]. - The company has committed to maintaining its independence and avoiding substantial competition with its controlling shareholders post-restructuring[14]. - The company has not indicated any significant changes in net profit expectations for the upcoming reporting period[15].