L&T City(SH:600790)2018-04-26 16:00Financial Performance - Net profit attributable to shareholders was CNY 92,804,648.72, a decrease of 0.54% year-on-year[5]. - Operating revenue for the period was CNY 231,034,756.31, representing a year-on-year increase of 1.14%[5]. - Basic earnings per share remained stable at CNY 0.09[5]. - Net profit for Q1 2018 was CNY 96,402,019.45, compared to CNY 96,559,817.34 in the prior year, reflecting a decrease of approximately 0.2%[32]. - The company reported a total comprehensive income of CNY 156,494,444.90 for Q1 2018, compared to CNY 217,555,323.68 in the previous year, a decline of about 28%[33]. - The net profit for Q1 2018 was approximately 85.89 million, compared to 86.56 million in the previous period, indicating a decrease of about 0.77%[35]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 8,592,417,293.91, a decrease of 1.66% compared to the end of the previous year[5]. - The company's total equity increased from CNY 5,074,055,628.96 to CNY 5,231,750,073.86 during the reporting period[26]. - The total liabilities of the company decreased from CNY 3,663,657,666.74 to CNY 3,360,667,220.05 during the same period[26]. - The company's current assets decreased from CNY 1,172,533,663.26 at the beginning of the year to CNY 689,693,121.32 by the end of the reporting period[24]. - Total liabilities for Q1 2018 were CNY 1,542,464,185.38, slightly down from CNY 1,569,498,736.87, indicating a decrease of approximately 1.7%[30]. Cash Flow - The net cash flow from operating activities was CNY -43,547,145.01, showing an improvement compared to CNY -78,817,691.75 in the same period last year[5]. - Cash inflows from operating activities totaled approximately 140.91 million, a decrease from 158.00 million in the previous period, reflecting a decline of about 10.73%[38]. - Cash outflows from operating activities were approximately 184.45 million, compared to 236.82 million in the previous period, indicating a decrease of about 22.05%[38]. - The net cash flow from investment activities was negative at approximately -299.66 million, a significant decline from 211.78 million in the previous period[38]. - The ending cash and cash equivalents balance was approximately 269.71 million, down from 362.34 million in the previous period, representing a decrease of about 25.56%[39]. Shareholder Information - The number of shareholders at the end of the reporting period was 41,628[10]. - The largest shareholder, Shaoxing Keqiao China Light Textile City Market Development Co., Ltd., held 35.78% of the shares[10]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 4,054,384.35 during the reporting period[8]. - Non-recurring gains and losses totaled CNY 5,884,571.39, primarily from government subsidies and other income[9]. Operational Developments - The company completed the acquisition of 50.50% equity in the fabric market and assets in the apparel market for a total of 6,970.54 million, which was approved by relevant authorities[16]. - The company has initiated a priority leasing strategy for the new apparel market, successfully completing the recruitment of operating entities[16]. - The company plans to establish a financial services company with a registered capital of 50 million, focusing on capital management and investment consulting[18]. Legal and Equity Transfer Matters - The company is currently pursuing legal action to enforce the collection of outstanding equity transfer payments[21]. - As of the report date, Zhejiang China Light Textile City Group Co., Ltd. has received CNY 1 million of the equity transfer payment, with CNY 6.5 million and corresponding penalties still outstanding[21].