LZJT(SZ:300428)2018-04-19 16:00Financial Performance - Total revenue for Q1 2018 was CNY 272,078,074.39, a slight increase of 0.34% compared to CNY 271,159,454.49 in the same period last year[8] - Net profit attributable to shareholders was CNY 23,262,181.80, representing a significant increase of 28.11% from CNY 18,158,240.06 year-on-year[8] - Basic earnings per share increased by 42.86% to CNY 0.10 from CNY 0.07 year-on-year[8] - The company's operating revenue for Q1 2018 was CNY 272.08 million, a year-on-year increase of 0.34% driven by increased sales volume[22] - Net profit attributable to shareholders for Q1 2018 reached CNY 23.26 million, representing a year-on-year growth of 28.11%[22] - Net profit for Q1 2018 reached CNY 23,170,476.72, up from CNY 18,244,665.03 in the same period last year, indicating a growth of 27.4%[46] - The total comprehensive income for the period was CNY 22,594,754.04, compared to CNY 18,069,031.31 in the prior year[51] Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -70,135,344.20, a decline of 449.66% compared to CNY -12,759,693.51 in the same period last year[8] - The company reported a significant increase in cash flow from operating activities, improving by 449.66% compared to the previous year[21] - Cash flow from operating activities showed a net outflow of CNY -70,135,344.20, worsening from CNY -12,759,693.51 in the same quarter last year[54] - The company's total cash and cash equivalents at the end of the period were CNY 90,240,057.85, a decrease from CNY 92,577,754.09 at the end of Q1 2017[55] - Cash inflow from financing activities was $105,330,000.00, up from $90,000,000.00 in the last period[59] Assets and Liabilities - Total assets at the end of the reporting period were CNY 959,079,034.83, up 7.14% from CNY 895,179,745.72 at the end of the previous year[8] - Total liabilities increased to CNY 223,126,473.32 from CNY 182,675,847.74, reflecting a rise of 22.2%[43] - The company's total assets amounted to CNY 942,836,185.16, compared to CNY 871,332,792.50 at the beginning of the year, marking an increase of 8.2%[42] - Short-term borrowings rose by 82.83% to CNY 159.91 million, attributed to increased bank loans[20] - Accounts receivable increased to RMB 177,886,969.70 from RMB 196,278,205.83, indicating a potential collection issue[37] Operational Costs and Expenses - Management expenses increased by 73.84% to CNY 10.16 million, primarily due to higher R&D costs and management fees[21] - Operating costs for Q1 2018 were CNY 266,056,677.65, up from CNY 253,175,382.94, which is an increase of 5.1%[46] - The company reported an increase in sales expenses to CNY 4,496,024.57, up from CNY 3,675,128.35 in the previous year[50] - Management expenses rose significantly to CNY 8,872,677.44, compared to CNY 4,961,543.04 in the same period last year[50] Risks and Challenges - The company faces risks related to fluctuations in raw material prices, particularly electrolytic aluminum, which could impact cash flow and profit margins[10] - The company has a strong R&D capability but may face challenges in developing new products and technologies due to rapid technological advancements in the industry[11] - The company has established a partnership for an investment fund, which may involve various risks including project implementation and investment returns[27] Shareholder Information - The company reported a cash dividend of RMB 3.30 per 10 shares, totaling RMB 79,992,000.00 distributed to shareholders[30] - The total share capital increased from 242,400,000 shares to 290,880,000 shares after a capital reserve conversion of 2 shares for every 10 shares held[30] - The company has implemented a strict profit distribution policy, ensuring the protection of minority shareholders' rights[30] - There are no violations regarding external guarantees during the reporting period[32] - The company has no overdue commitments from major shareholders or related parties during the reporting period[29]