LMZ(SH:600249)2019-04-25 16:00Financial Performance - Operating revenue for the period was approximately CNY 286.48 million, a slight increase of 0.5% year-on-year[8]. - Net profit attributable to shareholders was approximately CNY 47.34 million, a significant recovery from a loss of CNY 4.23 million in the same period last year[8]. - The weighted average return on equity was 2.60%, compared to -0.23% in the same period last year[8]. - Basic and diluted earnings per share were both CNY 0.09, recovering from a loss of CNY 0.01 per share in the previous year[8]. - The net profit margin for Q1 2019 was impacted by increased operating costs, with operating costs accounting for 105.5% of total revenue[31]. - The net profit for Q1 2019 reached CNY 43,024,892.31, a significant recovery from a net loss of CNY 7,800,639.43 in the same period last year[32]. - The total comprehensive income for Q1 2019 was CNY 43,024,892.31, compared to a loss of CNY 2,358,995.32 in Q1 2018[33]. Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 2.54 billion, an increase of 0.33% compared to the end of the previous year[8]. - Total liabilities decreased to CNY 304,790,288.67 in Q1 2019 from CNY 344,249,794.28 in Q4 2018, a reduction of about 11.5%[28]. - The company's total assets as of March 31, 2019, amounted to CNY 2,661,327,584.29, compared to CNY 2,639,711,069.98 at the end of 2018, reflecting a growth of approximately 0.8%[29]. - Total assets amounted to approximately $2.64 billion, with current assets at $1.48 billion and non-current assets at $1.16 billion[51]. - Total liabilities reached approximately $344.25 million, with current liabilities at $312.08 million and non-current liabilities at $32.17 million[52]. Cash Flow - The net cash flow from operating activities was approximately CNY 8.04 million, a turnaround from a negative cash flow of CNY 14.01 million in the previous year[8]. - Net cash flow from operating activities increased by 22,048,865.31 yuan compared to the same period last year, primarily due to reduced expenditures on purchased goods[19]. - The net cash flow from investment activities improved significantly to ¥61,261,402.87 from a negative cash flow of -¥17,422,529.45 in the previous year[42]. - Total cash inflow from operating activities amounted to ¥295,117,718.85, while cash outflow was ¥287,076,856.66, resulting in a net increase[39]. - Cash inflow from investment activities was ¥72,066,843.58, while cash outflow totaled ¥43,576,522.93, leading to a net cash flow of ¥28,490,320.65[40]. Shareholder Information - The total number of shareholders at the end of the reporting period was 61,910[12]. - The largest shareholder, Development Group Co., Ltd., held 33.34% of the shares, totaling approximately 183.36 million shares[12]. - Shareholders' equity totaled CNY 1,678,626,633.28, with total equity attributable to the parent company at CNY 1,796,478,311.07[47]. Government Subsidies and Other Income - The company received government subsidies amounting to approximately CNY 2.47 million, closely related to its normal business operations[7]. - Other income decreased by 78.74% compared to the same period last year, mainly due to a reduction in government subsidies related to operating activities[18]. Research and Development - Research and development expenses for Q1 2019 were CNY 2,449,268.51, compared to CNY 2,067,403.07 in Q1 2018, indicating an increase of about 18.5%[31]. - The company’s research and development expenses for Q1 2019 were CNY 1,316,231.82, compared to CNY 1,244,564.68 in Q1 2018, indicating a focus on innovation[35]. Financial Asset Management - Trading financial assets increased by 100% compared to the end of last year, primarily due to the fair value of stocks held from other listed companies[16]. - Other current assets decreased by 50.68% compared to the end of last year, mainly due to a reduction in fund investment[16]. - Fair value change income increased by 76,034,173.95 yuan compared to the same period last year, mainly due to an increase in the market value of stocks held[17]. - The company has adjusted its financial asset classifications under new financial instrument standards, impacting the reporting of trading and available-for-sale financial assets[48].