LIBA(SH:603519)2017-04-27 16:00Financial Performance - Operating revenue rose by 54.75% to CNY 280,180,047.86 year-on-year[7] - Net profit attributable to shareholders increased by 15.29% to CNY 21,080,573.99 compared to the same period last year[7] - Net profit after deducting non-recurring gains and losses surged by 68.37% to CNY 20,682,631.22[7] - Basic and diluted earnings per share increased by 18.18% to CNY 0.13[7] - The weighted average return on equity improved by 0.27 percentage points to 3.02%[7] - Total operating revenue for Q1 2017 was CNY 280,180,047.86, an increase of 55% compared to CNY 181,053,253.75 in the same period last year[30] - Net profit for Q1 2017 reached CNY 21,080,573.99, compared to CNY 18,285,357.11 in Q1 2016, representing a growth of 9.8%[30] - The company's operating revenue for the current period reached ¥280,180,047.86, a significant increase of 54.8% compared to ¥181,053,253.75 in the previous period[34] - Net profit for the current period was ¥21,081,253.44, up 14.8% from ¥18,360,702.81 in the previous period[34] - The operating profit increased to ¥24,875,860.67, representing a growth of 55.4% from ¥16,040,536.70 in the previous period[34] Assets and Liabilities - Total assets increased by 1.47% to CNY 919,002,724.74 compared to the end of the previous year[7] - The total assets of the company increased to ¥919,002,724.74 from ¥905,718,226.95 at the beginning of the year[21] - Total liabilities as of March 31, 2017, were CNY 210,657,518.31, a decrease from CNY 218,449,215.31 at the start of the year[26] - Total assets as of March 31, 2017, amounted to CNY 919,954,914.15, compared to CNY 906,665,357.71 at the beginning of the year[27] Cash Flow - Cash flow from operating activities showed a significant decline of 122.71%, resulting in a net outflow of CNY 8,142,205.56[7] - Cash received from sales of goods and services increased by 49.99% to ¥134,277,593.10, driven by higher sales volume[16] - The company’s cash and cash equivalents at the end of the reporting period amounted to ¥222,770,405.62, up from ¥182,266,615.01 at the beginning of the year[20] - Cash flow from operating activities showed a net outflow of ¥8,142,205.56, contrasting with a net inflow of ¥35,848,187.81 in the previous period[37] - The company received cash from operating activities amounting to ¥161,912,346.85, an increase from ¥101,970,383.34 in the previous period[37] - The net increase in cash and cash equivalents for the period was $35,299,286.14, compared to $97,636,319.29 in the previous period[41] Shareholder Information - The total number of shareholders reached 6,694 at the end of the reporting period[12] - The largest shareholder, Lu Fengxian, holds 44.81% of the shares, totaling 71,702,600 shares[12] Operational Costs and Expenses - The company's operating costs rose by 58.86% to ¥238,730,953.58, reflecting the expansion of sales scale and increased operational costs[15] - The company reported a 90.50% increase in taxes and surcharges to ¥1,197,750.51, primarily due to adjustments in national accounting policies[15] - The company’s financial expenses decreased by 99.40% to ¥2,769.85, mainly due to an increase in interest income during the reporting period[15] - The company reported a decrease in financial expenses to ¥2,090.40 from ¥464,081.48 in the previous period[34] - The company’s sales expenses slightly increased to ¥6,758,014.03 from ¥6,462,305.23 in the previous period[34] Future Plans - The company plans to continue expanding its market presence and investing in new product development to sustain growth[16]