LSKJ(SZ:300680)2018-04-25 16:00Financial Performance - Total revenue for Q1 2018 was ¥26,141,367, a decrease of 48.90% compared to ¥51,162,164 in the same period last year[9]. - Net profit attributable to shareholders was ¥1,661,751, down 74.81% from ¥6,596,268 in the previous year[9]. - Net profit after deducting non-recurring gains and losses was ¥1,003,347.68, representing an 84.25% decline from ¥6,369,534.15 year-on-year[9]. - Basic earnings per share decreased by 81.54% to ¥0.024 from ¥0.13 in the same period last year[9]. - Total operating revenue for Q1 2018 was CNY 26,141,367, a decrease of 48.9% compared to CNY 51,162,164 in the same period last year[42]. - Net profit for Q1 2018 was CNY 1,661,751, a decline of 74.8% from CNY 6,596,268 in the previous year[43]. - Earnings per share for Q1 2018 were CNY 0.024, compared to CNY 0.13 in Q1 2017[44]. - Total operating costs for Q1 2018 were CNY 25,695,151, down 42.0% from CNY 44,350,230 in Q1 2017[42]. Cash Flow and Assets - The net cash flow from operating activities was -¥19,689,346.47, worsening by 89.77% compared to -¥10,375,368.85 in the previous year[9]. - Cash received from operating activities fell by 63.07% to RMB 6,247,808.34, reflecting a decrease in acceptance bill guarantees[21]. - Cash flow from operating activities in Q1 2018 was CNY 27,708,771.81, compared to CNY 30,645,522.01 in the same period last year[45]. - Total cash inflow from operating activities was 34,513,712.11 CNY, while cash outflow was 54,203,058.58 CNY, resulting in a significant cash outflow[46]. - Cash and cash equivalents decreased from CNY 76.05 million at the beginning of the period to CNY 71.70 million by the end of the period[38]. - The company’s total non-current assets were CNY 146,568,288.86, a decrease from CNY 149,022,895.26 in the previous quarter[41]. - The company reported a slight increase in net assets attributable to shareholders, which rose by 0.49% to ¥341,072,816.16 from ¥339,411,064.71 at the end of the previous year[9]. Investments and Restructuring - The company plans to acquire 100% equity of Wuxi Weiyan Precision Stamping Parts Co., Ltd. through a combination of issuing shares and cash payments[15]. - The company is currently undergoing a major asset restructuring, which is subject to approval from the China Securities Regulatory Commission, introducing uncertainty[16]. - The total amount of raised funds is CNY 120.05 million, with CNY 2.28 million invested in the current quarter[29]. - Cumulative investment of raised funds reached CNY 73.07 million by the end of the reporting period, representing 60.92% of the total[29]. Operational Challenges - The company faces risks related to changes in industry policies, macroeconomic fluctuations, and technological advancements that could impact its operations[11][12][13]. - Inventory rose by 38.68% to RMB 65,455,092.50, influenced by year-end stocking and a decline in sales[21]. - The company anticipates a significant change in net profit for the first half of 2018 compared to the same period last year, primarily due to market conditions affecting diesel and gasoline products[32]. - The company has not engaged in any repurchase transactions among its top shareholders during the reporting period[20]. - There were no violations regarding external guarantees during the reporting period[33]. - The company has not experienced any non-operational fund occupation by controlling shareholders or related parties[34]. Future Plans - The company plans to focus on EGR valves, ETC, and coolers in 2018, capitalizing on emission regulation upgrades[23]. - The company aims to establish a product traceability system to enhance product quality and operational efficiency[23]. - The company plans to distribute cash dividends of CNY 2 per 10 shares, totaling CNY 13.6 million for the 2017 fiscal year[31].