Lanpec(SH:601798)2014-04-20 16:00Financial Performance - Operating revenue for the period was CNY 116,927,052.03, representing a 22.36% increase year-on-year[8] - Net profit attributable to shareholders was CNY 5,145,034.12, up 6.52% from the previous year[8] - Total operating revenue for the first quarter of 2014 was CNY 116,927,052.03, an increase of 22.3% compared to CNY 95,562,783.95 in the same period last year[23] - Net profit for the first quarter was CNY 5,368,531.27, representing a 5.3% increase from CNY 5,095,690.00 in the previous year[24] - Earnings per share (EPS) for the first quarter was CNY 0.014, slightly down from CNY 0.015 in the same period last year[24] Assets and Liabilities - Total assets increased by 2.37% to CNY 2,921,627,090.57 compared to the end of the previous year[8] - Total current assets at the end of the period amounted to 1,837.68 million yuan, up from 1,774.70 million yuan at the beginning of the year[15] - Total liabilities decreased from 1,132.07 million yuan to 1,010.72 million yuan[17] - The total liabilities decreased to CNY 1,073,043,749.38 from CNY 1,160,970,137.88 year-over-year[20] - The company's equity attributable to shareholders increased from 1,716.94 million yuan to 1,905.81 million yuan[17] - Total equity increased to CNY 1,458,106,418.64, up from CNY 1,269,471,196.20 in the previous year[20] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -26,119,896.86, a decrease of 163.77% compared to the same period last year[8] - Net cash flow from operating activities was -26.12 million yuan, a decrease of 163.77% year-on-year, mainly due to significant material payments from increased product launches at the beginning of 2014[12] - The company’s cash inflow from operating activities totaled CNY 200,376,680.92, down from CNY 226,702,006.95 in the previous year[27] - The net cash flow from operating activities was -23,101,502.27 RMB, compared to 28,475,993.33 RMB in the previous period, indicating a significant decline in operational cash generation[31] - Cash inflow from sales of goods and services was 142,312,738.60 RMB, down from 170,821,561.49 RMB, reflecting a decline in revenue generation[31] - Cash received from other operating activities was 122,952,769.16 RMB, significantly up from 29,802,477.02 RMB, indicating improved operational efficiency[31] Expenses - Operating costs increased by 34.14% due to revenue growth[11] - Financial expenses increased by 36.23% due to lower interest offsets from fundraising deposits compared to the previous year[11] - Income tax expenses increased by 75.18% compared to the same period last year, primarily due to deferred tax impacts[12] - The company reported a significant increase in sales expenses, which rose to CNY 11,655,390.47 from CNY 9,268,595.98 year-over-year[23] - The company’s financial expenses increased to CNY 8,218,533.70, compared to CNY 6,032,879.35 in the same period last year[23] Investment Activities - Net cash flow from investing activities was -24.35 million yuan, down 64.27% year-on-year, primarily due to reduced funding payments as the Shanghai fundraising project neared completion[12] - The net cash flow from investing activities was -24,348,791.56 RMB, down from -68,142,406.82 RMB, showing improved cash management in investments[30] - The total cash outflow for investment activities was 24,348,791.56 RMB, compared to 68,142,406.82 RMB, indicating a reduction in investment expenditures[30] Borrowings and Repayments - Short-term borrowings decreased by 45.10% due to the use of funds raised from share issuance to repay loans[11] - Cash outflow for debt repayment was 220,000,000.00 RMB, compared to 54,980,000.00 RMB previously, reflecting increased financial obligations[31]