LSGC(SH:600738)2017-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 28.00% to CNY 17,194,037.88 year-on-year[6] - Operating revenue declined by 3.73% to CNY 284,244,614.87 compared to the same period last year[6] - The company's operating profit for Q1 2017 was CNY 23,361,093.02, down 24.5% from CNY 30,940,389.50 in the previous year[28] - Net profit for Q1 2017 was CNY 29,110,802.77, down 74.3% from CNY 113,368,535.35 in the same period last year[30] - Total operating revenue for Q1 2017 was CNY 284,244,614.87, a decrease of 3.4% compared to CNY 295,249,656.21 in the same period last year[27] - Total operating costs for Q1 2017 were CNY 260,883,521.85, down 1.6% from CNY 264,309,266.71 year-over-year[27] - Investment income for Q1 2017 was CNY 19,000,000.00, down 81% from CNY 100,000,000.00 in the previous period[30] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 105,809,977.57, a decrease of 4.70% year-on-year[6] - Cash flow from financing activities showed a net outflow of CNY 4,441,239.58, a decrease of 109.79% year-on-year[12] - The net cash flow from operating activities was -$15,767,026.51, compared to -$8,136,826.09 in the previous year, indicating a decline in operational performance[35] - The net cash flow from financing activities decreased to -$4,441,239.58 from $45,356,035.06 year-over-year, indicating increased cash outflows[35] - Cash paid for investing activities was $27,367,656.47, compared to $119,737,851.50 in the previous year, showing a significant reduction[35] Assets and Liabilities - Total assets decreased by 2.99% to CNY 2,334,746,156.95 compared to the end of the previous year[6] - Total assets as of March 31, 2017, amounted to CNY 2,334,746,156.95, down from CNY 2,406,741,065.01 at the beginning of the year[20] - Current liabilities totaled CNY 967,193,223.56, down from CNY 1,056,382,169.50 at the beginning of the year[20] - Total liabilities as of March 31, 2017, were CNY 700,233,059.27, compared to CNY 739,229,388.48 at the start of the year, indicating a decrease of 5.3%[25] - The company's total equity increased to CNY 1,287,437,854.83 from CNY 1,258,327,052.06, reflecting a growth of 2.3%[25] Accounts Receivable and Inventory - Accounts receivable decreased by 34.08% to CNY 1,139,708.11 compared to the end of the previous year[10] - Accounts receivable decreased by CNY 589,200, a decline of 34.08%, mainly due to reduced receivables from suppliers[13] - Inventory levels decreased to CNY 33,881,653.55 from CNY 36,583,824.06, representing a reduction of 7.4%[23] Cash and Cash Equivalents - Cash and cash equivalents at the end of the reporting period were CNY 395,965,208.89, down from CNY 507,240,959.62 at the beginning of the year[19] - Cash and cash equivalents at the end of Q1 2017 were CNY 192,246,980.00, a slight decrease from CNY 193,822,902.56 at the beginning of the year[23] - The ending cash and cash equivalents balance was $192,246,980.00, down from $212,916,163.41 in the previous year[35] - The company experienced a net decrease in cash and cash equivalents of -$1,575,922.56, contrasting with an increase of $17,481,357.47 in the previous year[35] Other Financial Metrics - The weighted average return on net assets decreased by 0.63 percentage points to 1.37%[6] - Basic and diluted earnings per share for Q1 2017 were both CNY 0.047, compared to CNY 0.065 in the previous period[29] - Sales expenses decreased to CNY 12,941,397.56 from CNY 14,799,895.31, reflecting a reduction of 12.5%[30] - Financial expenses decreased to CNY 3,736,546.03 from CNY 4,940,705.33, a reduction of 24.4%[30] - The company reported a significant decrease in non-operating income by 96.24% to CNY 41,342.62 compared to the same period last year[11] - Asset impairment losses increased by CNY 208,900, a 100% increase, mainly due to inventory write-downs[13]