Lanpec(SH:601798)2015-04-20 16:00Financial Performance - Operating revenue for the year-to-date was CNY 131,334,314.67, representing a year-on-year increase of 12.32%[6] - Net profit attributable to shareholders was CNY 4,837,712.19, a decrease of 5.97% compared to the same period last year[6] - Total operating revenue for Q1 2015 was CNY 131,334,314.67, an increase of 12.0% from CNY 116,927,052.03 in the same period last year[22] - Net profit for Q1 2015 was CNY 5,004,046.68, a decrease of 6.8% compared to CNY 5,368,531.27 in Q1 2014[24] - Basic earnings per share remained stable at CNY 0.014 for both Q1 2015 and Q1 2014[24] Cash Flow - Net cash flow from operating activities increased by 172.60% year-on-year, amounting to CNY 18,964,132.17[6][11] - Cash flow from operating activities was CNY 197,796,008.47, an increase from CNY 190,631,028.93 in the previous year[29] - Operating cash inflow totaled CNY 220,564,990.85, an increase from CNY 200,376,680.92 in the previous period[30] - Operating cash outflow amounted to CNY 201,600,858.68, down from CNY 226,496,577.78 year-over-year[30] - Total cash inflow from operating activities was CNY 265,399,183.66, slightly up from CNY 265,265,507.76 year-over-year[32] - The cash and cash equivalents net increase was negative CNY 39,136,306.21, contrasting with a positive increase of CNY 13,608,971.17 in the prior year[31] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,809,036,368.29, a decrease of 0.56% compared to the end of the previous year[6] - Current assets totaled 1.663 billion RMB, an increase from 1.609 billion RMB at the beginning of the year[15] - Total liabilities decreased to 861.52 million RMB from 882.93 million RMB, a reduction of approximately 2.5%[17] - The company's total liabilities decreased to CNY 828,910,805.33 from CNY 903,390,368.96, reflecting a reduction of 8.3%[21] - The company's equity attributable to shareholders increased slightly to 1.941 billion RMB from 1.936 billion RMB[17] Shareholder Information - The number of shareholders at the end of the reporting period was 16,294[10] - The largest shareholder, China National Machinery Industry Corporation, held 57.8% of the shares[10] Inventory and Receivables - Accounts receivable increased by 158.83%, indicating improved collection of receivables during the reporting period[11] - Inventory increased to 503.89 million RMB from 400.83 million RMB, reflecting a growth of 25.7%[15] - The accounts receivable increased to 646.51 million RMB from 717.40 million RMB, a decrease of 9.9%[15] Expenses - Total operating costs for Q1 2015 were CNY 126,337,689.00, up 14.4% from CNY 110,454,110.88 in Q1 2014[23] - The company reported a decrease in sales expenses to CNY 9,623,345.43 from CNY 11,655,390.47, a reduction of 17.4%[23] - Management expenses decreased to CNY 13,966,884.61 from CNY 15,737,398.84, a decline of 11.2%[23] Government Subsidies - The company received government subsidies amounting to CNY 1,602,500.00, which are closely related to its normal business operations[8] Future Plans - The company plans to continue focusing on market expansion and new product development to drive future growth[22]