LIBA(SH:603519)2018-04-27 16:00Financial Performance - Total revenue for Q1 2018 was RMB 259,413,427.34, a decrease of 7.41% compared to RMB 280,180,047.86 in the same period last year[7] - Net profit attributable to shareholders was RMB 16,840,059.84, down 20.12% from RMB 21,080,573.99 year-on-year[7] - Basic earnings per share were RMB 0.11, a decline of 15.38% compared to RMB 0.13 in the previous year[7] - Total operating costs for Q1 2018 were CNY 239,377,451.77, down 6.4% from CNY 255,778,226.24 year-over-year[30] - The total comprehensive income for the period was ¥16,840,059.84, down from ¥21,081,253.44 in Q1 2017, indicating a decrease of 20.5%[35] Assets and Liabilities - Total assets at the end of the reporting period were RMB 909,910,062.92, a decrease of 3.88% from RMB 946,639,834.01 at the end of the previous year[7] - Total liabilities decreased to CNY 184,372,533.82 from CNY 223,391,052.57 at the start of the year, representing a reduction of 17.4%[26] - The company's total equity increased to CNY 725,537,529.10 from CNY 723,248,781.44, a marginal increase of 0.3%[27] Cash Flow - The net cash flow from operating activities was RMB 20,962,386.30, compared to a negative RMB 8,142,205.56 in the same period last year[7] - Cash and cash equivalents decreased from ¥244,589,275.52 to ¥212,931,816.17, reflecting a decline in available funds[20] - Operating cash flow net amount for Q1 2018 was ¥20,962,386.30, a significant improvement from a net outflow of ¥8,137,146.91 in the same period last year[40] - Total cash inflow from operating activities was ¥166,263,025.15, compared to ¥161,912,221.30 in Q1 2017, reflecting a year-over-year increase of approximately 2.1%[40] Receivables and Inventory - Accounts receivable increased by 129.68% to RMB 19,697,276.36 due to an increase in received payments[14] - Inventory levels rose slightly to CNY 172,721,970.25 from CNY 169,966,574.72, an increase of 1.5%[25] Financial Expenses and Income - Financial expenses surged by 220,198.67% to ¥6,101,942.64, primarily due to increased exchange losses from RMB to USD fluctuations[15] - Investment income dropped by 80.40% to ¥92,765.76, mainly due to a decrease in the amount invested in financial or structured products[15] Tax and Refunds - Tax and surcharges increased by 36.38% to ¥1,633,487.22, primarily due to an increase in the export tax base[15] - The company received tax refunds amounting to ¥5,358,159.53, up from ¥3,678,427.81 in the previous year, representing a growth of 45.7%[37] Share Repurchase and Subsidiary Deregistration - The company plans to repurchase shares using no less than ¥30 million and no more than ¥100 million, with a repurchase price not exceeding ¥23 per share[16] - The company completed the tax and business deregistration of its wholly-owned subsidiary, aiming to enhance business integration and reduce costs[16]