Lionco(SH:603669)2016-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 5.21% to CNY 26,334,898.93 compared to the same period last year[7] - Basic earnings per share decreased by 28.57% to CNY 0.10 compared to the same period last year[7] - The net profit after deducting non-recurring gains and losses decreased by 19.54% to CNY 20,994,067.71 compared to the same period last year[7] - Net profit for Q1 2016 was CNY 26,334,898.93, a decrease of 5.2% from CNY 27,783,402.53 in the previous year[34] - The net profit for Q1 2016 was CNY 19,991,792.29, representing an increase of 2.5% from CNY 19,497,551.87 in Q1 2015[35] - The total comprehensive income for Q1 2016 was CNY 19,991,792.29, slightly up from CNY 19,497,551.87 in Q1 2015[36] Revenue and Costs - Operating revenue increased by 0.69% to CNY 102,822,206.34 compared to the same period last year[7] - Total operating revenue for Q1 2016 was CNY 102,822,206.34, a slight increase of 0.69% compared to CNY 102,114,364.34 in the same period last year[32] - Total operating costs increased to CNY 75,422,239.65, up 6.2% from CNY 71,091,796.56 year-on-year[32] - The company's operating revenue for Q1 2016 was CNY 40,658,114.75, a decrease of 21.1% compared to CNY 51,507,054.64 in the same period last year[35] Cash Flow - Net cash flow from operating activities was CNY 38,162,388.70, a significant improvement from a negative cash flow of CNY 1,410,686.84 in the same period last year[7] - The cash flow from operating activities for Q1 2016 was CNY 38,162,388.70, a significant improvement compared to a negative cash flow of CNY 1,410,686.84 in Q1 2015[38] - The company reported a net cash flow from financing activities of CNY -50,193,200.00 in Q1 2016, compared to CNY -11,522,033.89 in the previous year[39] Assets and Liabilities - Total assets decreased by 2.37% to CNY 1,311,653,314.12 compared to the end of the previous year[7] - Total current assets decreased to ¥913,703,442.56 from ¥944,378,283.36, a reduction of about 3.2%[24] - Current liabilities decreased to ¥149,287,458.22 from ¥207,089,885.28, a decline of about 28%[25] - Total liabilities decreased to CNY 33,750,040.47 from CNY 37,034,875.25, a reduction of 6.3%[30] Shareholder Information - The number of shareholders reached 23,816 at the end of the reporting period[12] - Zhejiang Lingkang Holdings Co., Ltd. held 49.50% of the shares, with 80,000,000 shares pledged[12] Investment and Financial Activities - The company received government subsidies amounting to CNY 880,890.01 during the reporting period[9] - Investment income surged by 16,032.00% to ¥5,179,920.64, driven by higher returns from principal guaranteed financial products[16] - Cash received from other operating activities dropped by 92.87% to ¥1,481,643.08, mainly due to a decrease in bank acceptance bill deposits[16] - The company raised a total of ¥76,050,000 from its IPO, with a net amount of ¥70,294,970 after deducting issuance costs[17] Inventory and Receivables - Accounts receivable notes decreased by 67.63% to ¥1,735,584.65, primarily due to more endorsements than receipts during the period[15] - Other receivables increased by 133.85% to ¥3,948,898.94, mainly due to an increase in supplier deposits[15] - Accounts receivable decreased significantly to CNY 42,567,208.30 from CNY 61,198,576.10, a decline of 30.4%[28] - Inventory increased to ¥90,843,918.65 from ¥86,764,172.33, showing a rise of approximately 4.8%[24] Management and Future Plans - The company's management indicated a focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[36] - The company committed to distributing cash dividends amounting to no less than 20% of the distributable profits in profitable years[24] - The company plans to prioritize cash dividends when conditions allow, with potential mid-term cash distributions if revenue grows rapidly[24] - The company has pledged not to engage in any competing business activities that may conflict with its main operations[24] - The company will take measures to stabilize its stock price if it falls below the net asset value per share for the previous fiscal year[24]