Lily Group(SH:603823)2017-04-28 16:00Financial Performance - Operating revenue for the current period was CNY 357,929,252.96, representing an increase of 11.71% year-on-year[8]. - Net profit attributable to shareholders of the listed company was CNY 26,748,177.03, a decrease of 12.77% compared to the same period last year[8]. - Basic earnings per share decreased by 29.41% to CNY 0.12 from CNY 0.17 in the previous year[8]. - Total operating revenue for Q1 2017 was CNY 357,929,252.96, an increase of 11.7% compared to CNY 320,416,131.02 in Q1 2016[30]. - Net profit for Q1 2017 was CNY 32,401,972.57, a decrease of 11.3% from CNY 36,455,888.49 in Q1 2016[30]. - Operating profit for Q1 2017 was CNY 33,058,909.66, down 10.5% from CNY 36,926,030.83 in the previous year[30]. - Total profit for Q1 2017 was CNY 37,884,571.64, down 10.5% from CNY 42,497,065.15 in the same period last year[30]. Cash Flow - The net cash flow from operating activities was negative at CNY -15,986,700.94, compared to a positive CNY 22,056,930.58 in the same period last year[8]. - The net cash flow from operating activities was -30,943,274.82 RMB, a decrease compared to 11,934,563.82 RMB in the previous period[41]. - Total cash inflow from operating activities was 133,649,595.97 RMB, down from 206,495,239.74 RMB year-over-year[41]. - Cash outflow for purchasing goods and services was 119,296,113.45 RMB, compared to 78,304,431.64 RMB in the same period last year[41]. - The net cash flow from investing activities was -48,468,484.94 RMB, worsening from -22,236,983.87 RMB in the previous period[43]. - Cash inflow from financing activities totaled 80,000,000.00 RMB, primarily from borrowing[40]. - Total cash outflow for financing activities was 124,930,849.08 RMB, compared to 90,410,126.10 RMB in the previous period[40]. - The ending cash and cash equivalents balance was 307,937,838.95 RMB, down from 512,543,587.30 RMB at the beginning of the period[43]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,921,599,885.15, a decrease of 3.67% compared to the end of the previous year[8]. - Total assets decreased from CNY 1,994,779,437.98 to CNY 1,921,599,885.15, a decline of approximately 3.7%[24]. - Current liabilities decreased from CNY 604,972,901.64 to CNY 502,428,376.24, a reduction of about 16.9%[25]. - Total liabilities decreased from CNY 692,303,864.33 to CNY 589,759,338.93, a decrease of about 14.9%[25]. - Owner's equity increased from CNY 1,302,475,573.65 to CNY 1,331,840,546.22, an increase of approximately 2.3%[25]. Shareholder Information - The total number of shareholders at the end of the reporting period was 25,485[12]. - The largest shareholder, Baihehua Holdings Co., Ltd., held 64.45% of the shares[12]. Investments and Expenses - Long-term equity investments amounted to ¥1,000,000.00, reflecting payments for investments in Inner Mongolia new materials[15]. - Non-operating income and expenses totaled CNY 4,371,435.93, with a significant portion attributed to non-recurring gains[10]. - Management expenses decreased to CNY 22,718,850.05 in Q1 2017 from CNY 32,541,864.69 in Q1 2016, a reduction of 30.1%[30]. - Financial expenses for Q1 2017 were CNY 900,207.71, significantly lower than CNY 2,826,286.61 in the previous year, a decrease of 68.2%[30]. Changes in Assets - Cash and cash equivalents decreased by 27.59% to ¥482,997,835.75 from ¥667,074,762.89, primarily due to loan repayments[15]. - Accounts receivable increased by 63.96% to ¥23,923,834.19 from ¥14,590,850.32, mainly attributed to increased sales[15]. - Prepayments rose by 77.29% to ¥40,956,652.37 from ¥23,101,122.75, primarily due to payments for project progress[15]. - Construction in progress decreased by 61.96% to ¥26,033,213.45 from ¥68,442,675.59, mainly due to the completion of the technical renovation project for Workshop 5[17]. - Intangible assets increased by 57.28% to ¥57,851,619.10 from ¥36,781,853.74, primarily due to land purchases[17]. - Short-term borrowings decreased by 76.67% to ¥35,000,000.00 from ¥150,000,000.00, mainly due to bank loan repayments[17]. - Fixed assets increased from CNY 398,767,249.47 to CNY 448,534,102.95, a growth of approximately 12.5%[27]. - Long-term investments rose from CNY 132,133,000.00 to CNY 136,085,467.09, an increase of about 3.0%[27]. Acquisitions - The company completed the acquisition of 100% equity in Hangzhou Lily Environmental Technology Co., Ltd., which became a wholly-owned subsidiary[18]. - The company adjusted its financial statements for the first quarter of 2017 due to the acquisition, impacting various asset and equity accounts[19].