LUYIN INVEST(SH:600784)2017-04-28 16:00Financial Performance - Net profit attributable to shareholders dropped by 98.15% to CNY 1,327,109.14 from CNY 71,598,707.41 year-on-year[6] - Operating revenue fell by 23.80% to CNY 389,433,033.48 compared to CNY 511,079,362.37 in the same period last year[6] - Basic earnings per share decreased by 98.41% to CNY 0.002 from CNY 0.126 in the previous year[6] - Significant decrease in investment income by 92.44% to CNY 12,296,738.87 compared to CNY 162,698,189.67 in the previous year[11] - Total operating revenue for Q1 2017 was ¥389,433,033.48, a decrease of 23.8% compared to ¥511,079,362.37 in the same period last year[25] - Net profit for Q1 2017 was ¥750,479.83, a significant decline from ¥72,622,457.86 in Q1 2016, representing a decrease of 98.96%[26] - Total comprehensive income for Q1 2017 was -5,611,530.58 RMB, compared to 124,885,421.98 RMB in the previous period[30] Cash Flow - Net cash flow from operating activities decreased by 35.20% to CNY 39,991,564.16 from CNY 61,715,626.71 year-on-year[6] - Cash inflow from operating activities was 488,611,711.39 RMB, down 20.8% from 617,168,403.16 RMB in the previous period[31] - Cash outflow for purchasing goods and services was 374,852,917.65 RMB, down 19.3% from 464,313,241.08 RMB in the previous period[31] - Cash inflow from financing activities was 147,800,000.00 RMB, a significant decrease of 72.6% from 520,800,000.00 RMB in the previous period[32] - Net cash flow from financing activities was -69,126,510.36 RMB, compared to -141,227,586.53 RMB in the previous period, indicating an improvement[32] - The company reported a net cash outflow from investment activities of -7,072,622.28 RMB, compared to a net inflow of 190,133,859.92 RMB in the previous period[32] Assets and Liabilities - Total assets decreased by 1.67% to CNY 4,525,126,763.67 compared to the end of the previous year[6] - The total current assets as of March 31, 2017, amounted to CNY 2,937,949,516.16, down from CNY 3,033,940,099.10 at the beginning of the year[16] - The total liabilities as of March 31, 2017, were CNY 2,760,560,740.36, a decrease from CNY 2,838,055,719.58 at the beginning of the year[17] - The company's total assets amounted to ¥3,592,865,633.63, a decrease from ¥3,701,486,411.79 in the previous year[22] - Total liabilities decreased to ¥2,081,167,112.02 from ¥2,184,176,359.60, reflecting a reduction of 4.7%[22] - The company’s total equity as of March 31, 2017, was CNY 1,764,566,023.31, slightly up from CNY 1,763,737,065.83 at the beginning of the year[18] Shareholder Information - The number of shareholders reached 53,810 at the end of the reporting period[9] - The largest shareholder, Laiwu Steel Group Co., Ltd., holds 20.31% of the shares[9] Management and Expenses - Management expenses reduced by 35.40% to CNY 27,726,477.31 from CNY 42,922,466.54 year-on-year[11] - Financial expenses dropped significantly to ¥14,990,931.48 from ¥44,469,139.10, a decrease of 66.3% compared to the previous year[26]