LGWH(SH:601599)2016-04-25 16:00Financial Performance - Net profit attributable to shareholders decreased by 3.44% to CNY 5,725,865.79 compared to the same period last year[5] - Operating revenue decreased by 5.27% to CNY 471,643,966.65 compared to the previous year[5] - Basic earnings per share increased by 35.14% to CNY 0.02 compared to the previous year[5] - The weighted average return on net assets increased by 0.11 percentage points to 0.48%[5] - Total revenue for Q1 2016 was CNY 471.64 million, a decrease of 5.5% from CNY 497.89 million in the same period last year[27] - Total operating costs for Q1 2016 were CNY 481.25 million, down 4.6% from CNY 504.44 million year-over-year[27] - Net profit for Q1 2016 was CNY 1.96 million, a significant decline of 70.9% compared to CNY 6.77 million in Q1 2015[28] - Operating profit for Q1 2016 was CNY 2.71 million, down 57.5% from CNY 6.38 million in the same quarter last year[28] - The total comprehensive income for the first quarter of 2016 was CNY 15,237,233.86, a decrease of CNY 2,147,010.18 compared to the previous period[32] Cash Flow - Cash flow from operating activities showed a significant decline, worsening by 71.16% to CNY -234,182,407.68 compared to the same period last year[5] - Cash inflows from operating activities amounted to CNY 467,624,193.04, down from CNY 494,443,608.77 in the previous period, reflecting a decline of approximately 5.5%[35] - The net cash flow from operating activities was negative CNY 234,182,407.68, worsening from negative CNY 136,819,965.15 in the same period last year[35] - Cash outflows from investing activities totaled CNY 207,227,742.32, significantly higher than CNY 19,938,522.21 in the previous period[35] - The net cash flow from financing activities was CNY 810,853,357.88, a substantial increase from negative CNY 5,157,776.07 in the previous year[36] - The ending cash and cash equivalents balance was CNY 601,783,926.98, compared to CNY 112,559,686.65 at the end of the previous period, showing a significant increase[36] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 493,338,722.03, compared to CNY 475,393,110.81 in the previous period[34] - The cash received from tax refunds was CNY 22,025,729.95, up from CNY 11,777,402.71 in the previous period, indicating improved cash flow management[34] Assets and Liabilities - Total assets increased by 23.64% to CNY 4,333,562,125.64 compared to the end of the previous year[5] - Cash and cash equivalents increased by 129.73% to RMB 679,279,984 due to funds raised from a private placement[12] - Financial assets measured at fair value increased by 100% to RMB 200,000,000 as a result of purchasing more bank wealth management products[12] - Accounts receivable decreased by 86.26% to RMB 7,710,000 due to increased use of notes for payment[12] - Short-term borrowings decreased by 35.68% to RMB 395,055,743 as the company repaid bank loans[12] - Capital reserve increased by 113.64% to RMB 1,726,361,516 due to the private placement of shares[12] - Total liabilities decreased to ¥1,665,096,717.25 from ¥1,822,066,072.40, a reduction of approximately 8.6%[21] - The company's equity attributable to shareholders rose to ¥2,551,180,519.18 from ¥1,560,245,828.27, showing an increase of about 63.5%[21] - The company’s total current liabilities decreased to ¥1,286,101,584.51 from ¥1,500,970,287.85, a reduction of approximately 14.3%[20] Shareholder Information - The total number of shareholders reached 29,694 at the end of the reporting period[9] - The largest shareholder, Qian Wenlong, holds 13.3% of the shares, with 22,500,000 shares pledged[9] - A cash dividend of RMB 1.00 per share will be distributed, totaling RMB 44,709,430.20, following the approval of the profit distribution plan[14] - The total share capital will increase to 894,188,604 shares after a capital reserve conversion plan is implemented[14] Investment and Acquisitions - The company plans to acquire the remaining 49% of Zhejiang Tianyi Film and Television Co., Ltd., leading to a temporary suspension of its stock[14] - The company raised a total of RMB 999,999,987.65 from a private placement, netting RMB 980,564,840.65 after expenses[13] - The company has committed to pledging a total of 4,250,000 shares to guarantee the repayment of corporate bonds[15] Other Financial Metrics - Non-recurring gains and losses totaled CNY 1,827,543.32 after tax adjustments[9] - Sales expenses rose by 76.18% to RMB 25,258,311 as the company increased investment to expand sales[12] - The company achieved an investment income of CNY 12.31 million, slightly down from CNY 12.93 million in the previous year[28] - The company experienced a foreign exchange loss of CNY 393,085.45, contrasting with a gain of CNY 675,537.44 in the previous period[36]