LSHEC(SH:603169)2017-04-27 16:00Financial Performance - Operating revenue for the first quarter was ¥165,393,027.29, a significant decrease of 58.44% year-on-year[6]. - Net profit attributable to shareholders was -¥55,084,235.85, representing a decline of 458.00% compared to the same period last year[6]. - The net cash flow from operating activities was -¥248,920,949.90, a decrease of 4.31% year-on-year[6]. - Operating revenue decreased by 58.44% to ¥165,393,027.29 from ¥397,956,538.30, influenced by project delivery conditions and construction phase delays[14]. - Net profit for the period was a loss of ¥55,084,235.85, compared to a loss of ¥9,871,797.36 in the same period last year, reflecting a significant decline in operating revenue[14]. - Operating profit showed a loss of ¥57,923,819.31 compared to a loss of ¥12,090,805.92 in the previous period, indicating a worsening performance[27]. - The company reported a total comprehensive loss of ¥55,084,235.85, compared to a loss of ¥9,871,797.36 in the previous period[28]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥7,635,863,825.08, an increase of 1.76% compared to the end of the previous year[6]. - Current liabilities rose to CNY 4,322,996,263.61 from CNY 4,135,685,784.71, marking an increase of approximately 4.54%[20]. - Total liabilities reached CNY 4,705,928,594.70, up from CNY 4,519,187,144.99, representing an increase of around 4.13%[21]. - Owner's equity decreased to CNY 2,929,935,230.38 from CNY 2,984,776,821.08, a decline of about 1.83%[21]. - Non-current assets totaled CNY 3,035,686,578.50, slightly up from CNY 3,027,227,745.97 at the beginning of the year, indicating a growth of approximately 0.05%[20]. Cash Flow - The net cash flow from investment activities improved by 80.19%, amounting to -¥44,485,278.54 compared to -¥224,606,880.27 in the previous year, due to reduced expenditures on construction projects[14]. - The net cash flow from financing activities increased by 126.45% to ¥165,398,263.78 from -¥625,376,686.74, primarily due to the early repayment of idle funds from the previous year[14]. - Cash flow from operating activities was negative at -¥248,920,949.90, slightly worse than the previous period's negative cash flow of -¥238,631,138.80[32]. - The total cash outflow from operating activities was 838,082,620.53 RMB, down from 915,662,604.23 RMB in the previous year[35]. - The company invested 16,757,260.89 RMB in fixed assets, intangible assets, and other long-term assets during the quarter[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 67,965[10]. - The largest shareholder, Lanzhou Lanshi Group Co., Ltd., holds 53.22% of the shares, with 270 million shares pledged[10]. Project and Contract Information - The company is currently executing product manufacturing contracts worth approximately ¥1.8 billion, with most products scheduled for delivery in the second quarter and second half of the year[7]. - The company is involved in five EPC engineering projects with a total contract value of ¥3.028 billion, which has contributed minimally to revenue due to construction cycle impacts[7]. - The company plans to acquire 51% of Luoyang Ruize Petrochemical Engineering Co., Ltd. to enhance its EPC capabilities and address design gaps in the petrochemical sector[15]. - The company has completed the necessary board approvals and is progressing with the restructuring plan related to the acquisition[15].