LZYY(SH:603368)2017-04-17 16:00Financial Performance - Operating revenue for the period was CNY 2,163,751,650.91, representing a growth of 19.72% year-on-year [7]. - Net profit attributable to shareholders was CNY 83,722,910.08, up 31.03% from the same period last year [7]. - Net profit for Q1 2017 was CNY 88,025,167.70, representing a 28.0% increase from CNY 68,828,040.87 in Q1 2016 [33]. - The net profit attributable to shareholders of the parent company was CNY 83,722,910.08, compared to CNY 63,895,317.65 in the previous year, marking a growth of 30.9% [33]. - Earnings per share for Q1 2017 were CNY 0.59, up from CNY 0.52 in the same quarter last year [34]. - The company’s total comprehensive income for the period was CNY 74,034,647.51, up from CNY 55,041,983.29, indicating a growth of approximately 34.6% [36]. Cash Flow - The net cash flow from operating activities was negative CNY 725,576,256.98, a decline of 55.26% compared to the previous year [7]. - Cash inflow from operating activities totaled CNY 1,606,745,303.06, compared to CNY 1,119,408,279.53 in the previous year, marking an increase of about 43.5% [39]. - The cash outflow from operating activities was CNY 2,332,321,560.04, up from CNY 1,586,729,592.86, indicating a rise of approximately 47% [39]. - The company reported cash inflow from financing activities of CNY 253,670,000.00, a decrease from CNY 1,736,003,074.57 in the previous year [40]. - The net cash flow from financing activities was CNY 49,333,680.74, significantly lower than CNY 1,294,861,839.87 from the same period last year [40]. - The total cash outflow from investing activities was CNY 33,774,999.82, compared to CNY 22,987,137.04 in the previous year, reflecting an increase of approximately 47% [39]. - The company incurred a net cash outflow from investing activities of CNY -33,773,171.82, worsening from CNY -22,987,137.04 year-over-year [39]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 6,537,938,502.97, an increase of 4.13% compared to the end of the previous year [7]. - Total current assets as of March 31, 2017, amounted to CNY 5,933,161,197.68, an increase from CNY 5,696,425,576.38 at the beginning of the year [24]. - Total assets reached CNY 6,537,938,502.97, up from CNY 6,278,926,961.92 at the start of the year [26]. - Total liabilities increased to CNY 3,212,173,876.98 from CNY 3,041,187,503.63 at the beginning of the year [26]. - Total liabilities rose to CNY 2,850,376,236.05, compared to CNY 2,747,484,685.05, reflecting an increase of 3.7% [30]. - The total equity of the company reached CNY 3,140,527,114.39, compared to CNY 3,066,492,466.88, showing an increase of 2.4% [30]. Inventory and Receivables - Accounts receivable notes increased by 88.67% to CNY 11,748,380.00, attributed to increased settlements using notes [13]. - Accounts receivable rose to CNY 3,709,927,604.06 from CNY 2,903,153,430.89 at the beginning of the year, indicating a significant increase in credit sales [24]. - Inventory increased to CNY 979,216,803.24 from CNY 860,722,908.74 at the beginning of the year, reflecting higher stock levels [24]. - The company reported a significant increase in inventory, which rose to CNY 838,304,919.33 from CNY 735,879,131.43, an increase of 14.0% [30]. Financial Ratios and Returns - The weighted average return on equity decreased by 0.77 percentage points to 2.59% [7]. - Retained earnings grew to CNY 849,532,005.28 from CNY 765,809,095.20 at the beginning of the year, indicating improved profitability [26]. - Operating costs for the same period were CNY 2,058,618,830.50, up from CNY 1,728,078,038.51, reflecting a year-over-year increase of 19.1% [32]. - The net cash flow from operating activities decreased by 55.26% compared to the same period last year, primarily due to increased payments for goods and taxes [18]. - Financial expenses surged by 116.89% compared to the previous year, primarily due to increased interest payments [16]. - Non-operating income decreased by 82.42% year-on-year, mainly due to reduced government support funds received [17]. - Tax and additional charges grew by 89.08% year-on-year, mainly due to changes in tax regulations affecting management fees [15].