LGWH(SH:601599)2014-04-18 16:00Financial Performance - Operating revenue for the first quarter reached CNY 465,392,672.39, representing a 14.94% increase year-on-year[10] - Net profit attributable to shareholders surged by 664.32% to CNY 6,619,144.31 compared to the same period last year[10] - Investment income rose by 815.96% to CNY 10,913,060.32, primarily from cash dividends received[15] - Total operating revenue for the current period reached ¥465,392,672.39, an increase of 13.5% compared to ¥409,905,029.77 in the previous period[32] - Net profit for the current period was ¥5,159,508.17, significantly up from ¥919,181.45 in the previous period, marking a growth of 461.5%[32] - Operating profit increased to ¥3,821,199.33 from ¥431,898.52, reflecting a substantial rise of 786.5%[32] - The company recorded a total comprehensive income of ¥5,317,956.97, compared to ¥919,181.45 in the previous period, reflecting a growth of 478.5%[33] Assets and Liabilities - Total assets increased by 1.48% to CNY 2,615,982,709.85 compared to the end of the previous year[10] - The total assets as of March 31, 2014, amounted to CNY 2,615,982,709.85, an increase from CNY 2,577,940,776.85 at the beginning of the year[22] - Current assets totaled CNY 1,238,430,080.26, up from CNY 1,190,054,692.03 at the start of the year, indicating a growth of approximately 4.06%[23] - Total liabilities rose to CNY 1,592,600,793.34 from CNY 1,559,876,817.31, marking an increase of about 2.63%[25] - The total liabilities decreased to ¥1,378,357,981.45 from ¥1,434,079,205.33, a reduction of approximately 3.9%[32] - Owner's equity increased to ¥804,841,384.73 from ¥795,723,129.29, showing a growth of about 1.4%[32] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -68,604,689.06, compared to a positive CNY 39,744,521.14 in the previous year[10] - Cash flow from operating activities showed a net outflow of ¥68,604,689.06, compared to a net inflow of ¥39,744,521.14 in the previous period[36] - The net cash flow from operating activities was -29,270,825.98 RMB, compared to -7,050,100.02 RMB in the previous period, indicating a decline in operational cash generation[40] - Total cash outflow for financing activities was 236,440,732.24 RMB, compared to 61,627,177.95 RMB in the previous period, leading to a net cash flow of -148,194,971.59 RMB, a notable decline[42] - The ending cash and cash equivalents balance was 52,390,175.65 RMB, down from 102,130,603.90 RMB in the previous period, indicating a reduction in liquidity[42] Shareholder Information - The number of shareholders totaled 11,881, with the top ten shareholders holding a combined 72.79% of shares[12] Inventory and Receivables - Accounts receivable increased by 141.32% to CNY 374,746,557.87, attributed to increased sales[15] - Inventory increased to CNY 654,041,144.97 from CNY 592,711,066.49, reflecting a rise of about 10.39%[23] - The accounts receivable rose significantly to CNY 374,746,557.87 from CNY 155,291,630.43, an increase of approximately 141.5%[23] Investment Activities - The company is planning a major asset restructuring, negotiating to acquire 100% equity of a film company through cash and share issuance[17] - The company announced the sale of a 16.24% stake in Hunan Top Bamboo Hemp Industry Development Co., Ltd. for CNY 26.79 million[18] - The company reported an investment income of ¥10,913,060.32, up from ¥1,191,440.51, indicating a significant increase in investment returns[32]