LSHEC(SH:603169)2015-06-05 16:00Financial Performance - Operating revenue rose by 75.48% to CNY 229,574,995.84 year-on-year[7] - Net profit attributable to shareholders decreased by 60.82% to a loss of CNY 12,796,887.01 compared to the same period last year[7] - Basic and diluted earnings per share improved by 67.65%, both at -CNY 0.022[7] - The company's total equity attributable to shareholders was CNY 1,321,632,860.51, slightly down from CNY 1,334,650,710.55[28] - The total profit for Q1 2015 was a loss of CNY 10,647,560.72, compared to a loss of CNY 32,516,331.87 in the previous year, indicating a reduction in losses[36] - The total comprehensive income for Q1 2015 was a loss of CNY 12,796,887.01, compared to a loss of CNY 32,659,361.88 in the same period last year, indicating a significant reduction in comprehensive losses[36] Assets and Liabilities - Total assets increased by 5.55% to CNY 6,422,300,185.89 compared to the end of the previous year[7] - Total liabilities increased by 30.05% to ¥1,043,473,588.64, up from ¥802,383,767.57 due to increased procurement of raw materials[13] - The company's current assets totaled CNY 3,872,213,769.56, compared to CNY 3,526,738,814.41 at the beginning of the year, reflecting a growth of approximately 9.8%[26] - The company's total cash inflow from operating activities was 269,093,324.99 RMB, slightly higher than 267,939,138.81 RMB in the previous year[44] Cash Flow - Net cash flow from operating activities improved by 51.92%, reaching a negative CNY 86,886,718.84[7] - Cash flow from operating activities showed a net outflow of CNY 86,886,718.84, an improvement from a net outflow of CNY 180,719,227.42 in the same period last year[41] - The cash inflow from operating activities totaled CNY 327,046,668.37, slightly down from CNY 341,131,164.68 in Q1 2014[40] - The cash outflow for investing activities was 184,645,739.59 RMB, which is a decrease from 123,753,400.66 RMB in the previous year, reflecting a higher investment in fixed assets[45] Shareholder Information - The total number of shareholders reached 42,391 at the end of the reporting period[11] - The largest shareholder, Lanzhou Lanshi Group Co., Ltd., holds 57.70% of the shares[11] - Lanzhou Lanshi Group has promised not to transfer or entrust others to manage its 34,946,526 shares of Lanzhou Lanshi Heavy Equipment within 36 months from the date of listing[17] Operational Challenges - The company faced challenges in cash collection, leading to increased accounts payable and a heavier payment burden[13] - The company has committed to not investing in similar or competitive projects to ensure operational independence and reduce market competition risks[15] Financing Activities - Cash flow from financing activities increased by 198.00% to ¥350,056,520.38, up from ¥117,470,179.00, indicating expanded operational scale and increased loans[14] - The company raised CNY 634,000,000.00 in borrowings during Q1 2015, compared to CNY 344,000,000.00 in the same period last year, indicating a 84.4% increase in financing activities[41] Government and Legal Commitments - Government subsidies recognized in the current period amounted to CNY 44,454.36[9] - The company has promised to fully compensate for any shortfall in government compensation received during the relocation process of the subsidiaries[18] - The company has undertaken to bear all legal responsibilities and consequences if it or its controlled parties occupy the funds of Lanzhou Lanshi Heavy Equipment, including full civil compensation[18]