Linewell(SH:603636)2018-04-11 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 1,241,483.91, a significant increase of 108.69% year-on-year[7]. - Basic earnings per share increased by 108.55% to CNY 0.0030 compared to the same period last year[7]. - The company reported a net cash flow from operating activities of -CNY 164,342,073.54, a decrease of 183.83% year-on-year[7]. - Operating revenue decreased by 9.65% to CNY 54,452,188.32 compared to the same period last year[7]. - The company reported a decrease in accounts payable to CNY 295,060,208.97 from CNY 333,507,667.28 year-over-year[26]. - The company reported an operating loss of CNY 993,990.74 for Q1 2018, compared to an operating loss of CNY 11,949,671.74 in the previous year[31]. - Total profit for Q1 2018 was CNY -30,258.51, an improvement from CNY -11,260,187.78 in Q1 2017[32]. - The company incurred management expenses of CNY 13,652,593.92, an increase from CNY 12,479,766.03 in the same period last year[31]. Assets and Liabilities - Total assets increased by 22.42% to CNY 2,404,876,146.83 compared to the end of the previous year[7]. - Total assets reached CNY 2,413,697,684.69, up from CNY 1,867,481,375.64 at the start of the year[26]. - Total liabilities amounted to CNY 739,887,164.43, a decrease from CNY 837,723,850.45 at the beginning of the year[27]. - Shareholders' equity increased to CNY 1,673,810,520.26 from CNY 1,029,757,525.19 at the start of the year[27]. - Non-current assets totaled CNY 880,083,910.38, an increase from CNY 863,691,093.42 at the beginning of the year[26]. Cash Flow and Investments - Cash from investment received surged to ¥653,184,394.30 from ¥800,000.00, reflecting an increase of 81,548.05% due to funds raised from a rights issue[17]. - Total cash inflow from investment activities was 321,211,406.53 RMB, up from 226,318,265.94 RMB in the previous period, reflecting an increase in cash recovered from investments[39]. - The net cash flow from investment activities was 60,181,233.11 RMB, a recovery from -98,123,343.46 RMB in the previous period, showing improved investment performance[39]. - Cash inflow from financing activities totaled 653,114,394.30 RMB, compared to no inflow in the previous period, indicating successful capital raising efforts[39]. - The net cash flow from financing activities was 663,110,246.60 RMB, a significant improvement from -21,165,122.03 RMB in the previous period, highlighting effective financing strategies[39]. - The total cash and cash equivalents at the end of the period reached 760,794,725.94 RMB, compared to 70,581,048.90 RMB in the previous period, showing a substantial increase in liquidity[39]. Shareholder Information - The number of shareholders reached 34,899 at the end of the reporting period[11]. - The total share capital increased by 29.52% to 527,256,952 shares compared to the end of the previous year[7]. - The company's major shareholder, Wu Zhixiong, holds 56.70% of the shares, with 192,771,302 shares pledged[11]. Inventory and Costs - Inventory levels rose to ¥370,893,232.69, a 27.15% increase from ¥291,707,639.74, driven by increased investment in ongoing projects[15]. - Total operating costs for Q1 2018 were CNY 72,857,995.25, down 9.7% from CNY 80,686,866.29 year-over-year[28]. - Financial expenses increased to ¥1,548,183.06 from a negative amount of -¥544,383.82, reflecting a change of 384.39% due to interest expenses from investor contributions[15]. Other Income and Gains - Non-recurring gains and losses amounted to CNY 10,672,052.95 for the reporting period[12]. - Other income amounted to ¥4,200,528.10, attributed to government subsidies related to accounting policy changes[15]. - Cash received from tax refunds rose to ¥2,923,686.48 from ¥834,184.64, a 250.48% increase due to higher tax refund income[17]. - The company received tax refunds amounting to 3,098,374.89 RMB, compared to 834,184.64 RMB in the previous period, indicating improved tax recovery[38].