LSHEC(SH:603169)2018-04-26 16:00Financial Performance - Operating revenue surged by 282.23% to CNY 632,180,182.05 year-on-year, attributed to increased product sales and EPC project revenue recognition[7] - Net profit attributable to shareholders was a loss of CNY 53,272,194.17, an improvement of 3.29% compared to the previous year's loss[7] - The net loss for the quarter was CNY -48,373,631.85, an improvement of 12.18% compared to CNY -55,084,235.85 in the previous year[14] - The total comprehensive income for Q1 2018 was a loss of CNY 50,676,430.92, compared to a loss of CNY 43,239,815.58 in the same period last year[34] - The company's operating revenue for Q1 2018 was CNY 493,590,105.09, a significant increase from CNY 118,869,063.43 in the same period last year, representing a growth of approximately 315.5%[33] - The net profit attributable to shareholders of the parent company for Q1 2018 was a loss of CNY 53,272,194.17, slightly improved from a loss of CNY 55,084,235.85 in the previous year[30] Cash Flow - The net cash flow from operating activities improved by 7.39%, reaching a negative CNY 230,524,986.93[7] - The cash inflow from operating activities was CNY 628,348,472.42, while cash outflow was CNY 858,873,459.35, leading to a negative cash flow from operations[37] - The cash outflow from operating activities was 731,822,109.60 RMB, a decrease from 838,082,620.53 RMB in the previous period, indicating improved cash management[41] - The company reported a cash inflow of 471,900,703.38 RMB from operating activities, an increase from 432,418,211.61 RMB in the previous period[41] - Cash flow from financing activities increased to CNY 289,315,653.42, a 74.92% rise from CNY 165,398,263.78, driven by increased funding needs for operations[15] - The net cash flow from financing activities was 194,785,240.88 RMB, down from 304,535,506.49 RMB in the previous period, showing a decrease in net cash generated from financing[42] Assets and Liabilities - Total assets increased by 5.52% to CNY 11,508,608,727.48 compared to the end of the previous year[7] - Current liabilities totaled CNY 7,493,606,058.42, an increase from CNY 6,836,782,972.38 at the start of the year[20] - Total liabilities increased to CNY 6,539,263,973.39 from CNY 6,001,081,004.53, representing a rise of approximately 8.9%[26] - The company's total equity decreased to CNY 2,989,975,723.67 from CNY 3,046,265,362.14, a decline of approximately 1.8%[26] Operational Costs - Operating costs rose to CNY 578,977,377.90, reflecting a 283.60% increase from CNY 150,934,459.36, primarily due to the increase in revenue[14] - Total operating costs for Q1 2018 amounted to CNY 683,852,648.80, compared to CNY 223,316,846.60 in Q1 2017, indicating an increase of about 206.5%[29] - The company's financial expenses for Q1 2018 were CNY 44,946,789.82, which is significantly higher than CNY 22,160,434.40 in the previous year, indicating increased borrowing costs[33] Shareholder Information - The number of shareholders reached 54,022, with the largest shareholder holding 54.59% of the shares[11] Inventory and Receivables - Accounts receivable rose by 19.95% to CNY 358,514,579.19 due to increased payments via acceptance bills[13] - Inventory increased to CNY 3,515,207,704.09 from CNY 3,123,682,475.45, indicating a growth in stock levels[19] - Accounts receivable stood at CNY 2,029,950,063.36, slightly down from CNY 2,079,638,617.02 year-on-year[19] - Inventory increased significantly to CNY 1,948,706,539.15 from CNY 1,654,873,883.19, reflecting a growth of about 17.8%[24] Strategic Focus - The company is focusing on expanding its EPC project capabilities and improving product sales to enhance profitability[8]