LNCD(SH:600739)2018-04-27 16:00Financial Performance - Operating revenue for the period reached CNY 4,232,843,582.36, representing a 28.92% increase year-on-year[7] - Net profit attributable to shareholders decreased by 78.95% to CNY 146,383,868.42 compared to the same period last year[7] - Basic earnings per share dropped by 78.95% to CNY 0.0957[7] - The weighted average return on equity fell by 2.93 percentage points to 0.73%[7] - The company reported non-recurring gains of CNY 8,821,166.52 for the period[9] - Net profit for Q1 2018 was ¥140,961,570.64, a decrease of 79% from ¥680,047,572.44 in the previous year[30] - The total comprehensive income attributable to the parent company was CNY 141,067,818.97, a decrease of 83.93% from CNY 874,616,559.87 in the prior year[33] Assets and Liabilities - Total assets increased by 4.67% to CNY 37,175,449,301.70 compared to the end of the previous year[7] - The total assets of the company reached ¥37,175,449,301.70, up from ¥35,493,942,414.23 at the beginning of the year[22] - The company's current liabilities totaled ¥10,499,516,196.02, a decrease from ¥10,890,376,108.03 at the beginning of the year[23] - Long-term borrowings increased significantly to ¥690,000,000.00 from ¥98,000,000.00, indicating a strategic shift in financing[23] - Total liabilities increased to ¥12,679,579,095.46 from ¥11,048,793,257.21, representing a rise of approximately 14.8%[28] Cash Flow - Net cash flow from operating activities was negative at CNY -174,203,603.18, an improvement from CNY -387,349,891.33 in the previous year[7] - Cash inflow from operating activities totaled 270,823,410.73 RMB, significantly higher than 113,818,467.97 RMB in the previous period, reflecting improved cash receipts from operations[38] - Cash outflow from operating activities increased to 528,369,678.61 RMB from 246,027,752.21 RMB, highlighting rising operational costs[38] - The net cash flow from investing activities was -125,873,778.22 RMB, an improvement from -988,054,791.45 RMB in the previous period, indicating better investment management[39] - Cash inflow from financing activities reached 4,072,000,000.00 RMB, up from 2,250,000,000.00 RMB, showing increased borrowing to support operations[39] Shareholder Information - The total number of shareholders reached 72,494 by the end of the reporting period[11] - The largest shareholder, Liaoning Chengda Group Co., Ltd., holds 11.11% of the shares[11] Operational Changes - The company plans to complete the debugging of the "Xinjiang Baoming Technological Transformation Project" in the second half of the year, aiming to enhance shale oil production and reduce costs[15] - The company is in the process of transferring its entire stake in Jilin Chengda Hongsheng Energy Co., Ltd., valued at ¥304,797,800.00, although the transaction has not yet been completed[14] Expense Management - Management expenses increased by 48.89% to ¥149,039,230.21, mainly due to higher depreciation costs compared to the same period last year[14] - The company incurred financial expenses of CNY 98,258,474.85, an increase from CNY 85,482,413.97 in the previous year[32] - The company experienced a decrease in tax expenses, reporting a tax benefit of CNY 1,846,093.62 compared to an expense of CNY 191,185.01 in the previous year[33]