Luxin Co.,(SH:600783)2014-05-06 16:00Financial Performance - Net profit attributable to shareholders increased by 218.51% to CNY 76,338,065.91 compared to the same period last year[9]. - Operating revenue rose by 1.83% to CNY 48,099,456.06 compared to the previous year[9]. - Basic and diluted earnings per share increased by 233.33% to CNY 0.10 per share[9]. - Total revenue for the current period reached ¥48,099,456.06, an increase from ¥47,236,765.45 in the previous period, reflecting a growth of approximately 1.82%[34]. - Operating profit for the current period was ¥84,229,083.14, significantly higher than ¥21,705,882.40 in the previous period, indicating a substantial increase in profitability[34]. - Net profit attributable to the parent company was ¥76,338,065.91, compared to ¥23,966,987.75 in the previous period, representing an increase of approximately 218.5%[34]. - The total comprehensive income for the current period was ¥71,879,119.06, compared to ¥22,606,158.86 in the previous period, showing a significant increase[34]. Assets and Liabilities - Total assets increased by 11.28% to CNY 4,870,488,159.83 compared to the end of the previous year[9]. - Total liabilities rose to ¥1,630,601,925.18, up from ¥1,208,842,158.78, indicating an increase of approximately 35%[27]. - Current liabilities totaled ¥495,237,045.95, compared to ¥477,469,227.70 in the previous period, reflecting a growth of about 3.6%[27]. - The total current assets reached CNY 816.20 million, up from CNY 328.25 million at the start of the year, indicating a significant growth of 148.5%[25]. - The company's long-term equity investments stood at CNY 3.55 billion, slightly increasing from CNY 3.53 billion at the beginning of the year[25]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 16,967,781.70, worsening from a net outflow of CNY 11,246,219.44 in the same period last year[9]. - The net cash flow from operating activities decreased by 50.83% to RMB -16.97 million, attributed to reduced cash receipts compared to the previous year[17]. - Cash flow from investing activities generated a net inflow of CNY 76,594,738.98, compared to a net outflow of CNY 89,375,185.13 in the same period last year[39]. - Cash flow from financing activities resulted in a net inflow of CNY 420,580,001.78, a significant increase from a net outflow of CNY 24,145,323.75 in Q1 2013[39]. - The total cash and cash equivalents at the end of Q1 2014 amounted to CNY 612,567,661.29, up from CNY 144,732,041.38 at the end of Q1 2013[39]. Shareholder Information - The total number of shareholders reached 33,105 at the end of the reporting period[12]. - The largest shareholder, Shandong Lushin Investment Holding Group Co., Ltd., holds 71.767% of the shares[12]. Legal and Corporate Actions - The company is involved in a legal dispute with Zibo Vision Real Estate Development Co., Ltd., actively responding to the lawsuit and filing a counterclaim[18]. - The company plans to exchange its shares in Shandong Kaisheng New Materials Co., Ltd. for shares in Huabang Yingtai Co., Ltd., with a total transaction value of RMB 119.88 million[19]. - If the actual net profits do not meet the projected figures, the company is obligated to compensate Huabang Yingtai with shares or cash[21]. Investment and Expenses - Investment income rose by 201.05% to RMB 102.17 million, driven by gains from the sale of listed company shares and increased investment returns from subsidiaries[16]. - The company reported a decrease in sales expenses to CNY 332,755.55 from CNY 498,929.78, a reduction of 33.3% year-over-year[36]. - The company’s management expenses increased to CNY 7,425,039.39 from CNY 5,699,765.31, reflecting a rise of 30.3% year-over-year[36]. Accounting and Reporting - The company has not reported any significant changes in accounting policies or estimates during the quarter[15]. - The financial statements for the first quarter have not been audited[6].