Luxin Co.,(SH:600783)2015-04-29 16:00Financial Performance - Net profit attributable to shareholders increased by 49.61% to CNY 73,222,987.74 compared to the same period last year[6] - Operating revenue decreased by 23.75% to CNY 36,674,159.49 compared to the same period last year[6] - Basic earnings per share increased by 52.09% to CNY 0.10 compared to the same period last year[6] - Net profit for Q1 2015 was CNY 72,498,675.13, representing a 48.7% increase from CNY 48,751,992.70 in Q1 2014[28] - The company reported a significant increase in financial expenses, totaling CNY 19,230,524.54 in Q1 2015, compared to CNY 8,841,858.06 in Q1 2014, marking a 117.00% increase[30] Assets and Liabilities - Total assets increased by 2.45% to CNY 5,182,391,669.2 compared to the end of the previous year[6] - The company's total liabilities were reported at CNY 1,662,183,631.41, compared to CNY 1,645,333,955.28 at the beginning of the year, indicating a slight increase of about 1.02%[21] - The total equity attributable to shareholders reached CNY 3,361,852,330.28, up from CNY 3,277,865,013.89, representing an increase of approximately 2.55%[21] - The company's accounts receivable increased to CNY 49,056,834.07 from CNY 44,437,526.36, showing a growth of approximately 10.5%[19] - The company's non-current assets totaled CNY 4,015,268,350.22, slightly down from CNY 4,032,579,258.49, indicating a decrease of approximately 0.43%[20] Cash Flow - Net cash flow from operating activities improved by 24.8%, reaching CNY -12,759,466.43 compared to CNY -16,967,781.70 in the previous year[6] - Cash and cash equivalents decreased by 31.43% to ¥117,450,551.91 from the beginning of the year due to reduced bank wealth management investments[13] - Cash generated from investment activities decreased by 43.74% to ¥43,088,837.55, primarily due to increased cash payments for bank wealth management investments[14] - The total cash outflow from financing activities in Q1 2015 was CNY 29,657,500.00, a decrease from CNY 263,219,998.22 in Q1 2014, showing improved cash management[35] - The company experienced a net decrease in cash and cash equivalents of $10,071,604.32 during the quarter[38] Shareholder Information - The total number of shareholders reached 30,539 at the end of the reporting period[10] - The largest shareholder, Shandong Lixin Investment Holding Group Co., Ltd., holds 68.77% of the shares[10] Other Income and Expenses - The company reported a non-operating income of CNY 18,160 from other sources[8] - Investment income increased by 81.51% to ¥121,300,085.91, attributed to gains from the disposal of long-term equity investments[14] - Other comprehensive income after tax increased significantly by 399.7% to ¥36,951,768.44 due to the increase in fair value of available-for-sale financial assets[14] - Financial expenses rose by 43.94% to ¥13,924,139.62, primarily due to increased interest accruals on bonds payable[14] - The company reported a significant increase of 120.09% in taxes payable, amounting to ¥38,444,044.72, reflecting higher corporate income tax obligations[13] Operational Metrics - Total operating revenue for Q1 2015 was CNY 36,674,159.49, a decrease of 23.5% compared to CNY 48,099,456.06 in the previous year[27] - Total operating costs increased to CNY 67,614,881.51, up 2.4% from CNY 66,040,567.32 in the same period last year[28] - Total operating expenses for Q1 2015 were CNY 49,045,000.89, compared to CNY 51,000,000.00 in Q1 2014, reflecting a decrease of 3.83%[30]