LZYY(SH:603368)2018-04-24 16:00Financial Performance - Operating revenue grew by 25.32% to CNY 2,711,554,543.81 year-on-year[6] - Net profit attributable to shareholders increased by 35.27% to CNY 113,253,195.13 compared to the same period last year[6] - Total profit increased by 33.31% year-on-year, driven by sales growth[18] - Net profit for Q1 2018 was ¥117,999,106.14, representing a 34.0% increase from ¥88,025,167.70 in Q1 2017[32] - Total operating revenue for Q1 2018 reached ¥2,711,554,543.81, an increase of 25.4% compared to ¥2,163,751,650.91 in the same period last year[31] Assets and Liabilities - Total assets increased by 9.53% to CNY 8,273,601,942.99 compared to the end of the previous year[6] - Total liabilities increased to CNY 4,587,083,353.48 from CNY 3,985,529,768.06, marking a rise of about 15.1%[24] - The company's total assets reached CNY 8,273,601,942.99, up from CNY 7,554,049,251.43, which is an increase of approximately 9.5%[24] - The company's equity attributable to shareholders increased to CNY 3,605,011,192.32 from CNY 3,491,757,997.19, reflecting a growth of about 3.2%[24] - The company’s total assets reached ¥7,467,157,621.68, an increase from ¥6,874,127,163.61 in the previous year, indicating a growth of 8.6%[28] Cash Flow - Cash flow from operating activities decreased by 14.91% to CNY -833,754,730.09 year-on-year[6] - The net cash flow from operating activities was negative CNY 833.75 million, worsening from negative CNY 725.58 million in the previous year[37] - Cash inflows from operating activities amounted to CNY 1.91 billion, up from CNY 1.61 billion year-on-year, indicating a growth of approximately 18.0%[36] - Cash inflows from financing activities were CNY 563.67 million, compared to CNY 253.67 million in the same period last year, marking an increase of approximately 122.0%[37] - The net cash flow from financing activities was CNY 451.76 million, a substantial improvement from CNY 49.33 million in the previous year[37] Investments and Income - Investment income doubled compared to the previous year, attributed to interest from idle raised funds invested in financial products[15] - The company reported an investment income of ¥1,431,506.85 in Q1 2018, with no investment income reported in the same period last year[31] Borrowings and Financial Expenses - Short-term borrowings increased by 73.76% due to new bank loans taken during the period[11] - Financial expenses surged by 2,278.89% due to increased interest payments from new bank loans[14] - The short-term borrowings increased significantly to CNY 1,083,670,000.00 from CNY 623,670,000.00, representing an increase of approximately 73.5%[23] Other Financial Metrics - The weighted average return on equity rose by 0.60 percentage points to 3.19%[6] - The company reported a total of CNY 1,145,884,514.94 in undistributed profits, up from CNY 1,032,631,319.81, indicating an increase of about 10.9%[24] - The total comprehensive income for the first quarter of 2018 was approximately CNY 93.59 million, compared to CNY 74.03 million in the same period last year, representing an increase of about 26.5%[35] - The company has not reported any overdue commitments or significant changes in net profit expectations for the upcoming reporting period[21] - The company has not provided specific guidance or outlook for future performance in the available reports[35]