LMZ(SH:600249)2020-04-29 16:00Financial Performance - Operating revenue for the first quarter was CNY 136,873,188.64, a decline of 52.22% year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 17,566,948.54, compared to a profit of CNY 47,339,110.07 in the same period last year[6] - Basic and diluted earnings per share were both -CNY 0.03, compared to CNY 0.09 in the same period last year[6] - Revenue, excluding the impact of the paper and real estate subsidiaries, decreased by 29.36% year-on-year to CNY 193,760,193.56[8] - Non-recurring losses amounted to CNY 27,216,000.97, significantly impacting net profit[9] - The company's operating revenue for Q1 2020 was ¥136,873,188.64, a decrease of ¥149,601,956.75 or 52.22% compared to the same period last year[13] - The net profit for Q1 2020 was a loss of ¥17,686,133.97, compared to a profit of ¥43,024,892.31 in Q1 2019, indicating a significant decline[28] - The total profit for Q1 2020 was a loss of ¥24,561,963.96, compared to a profit of ¥62,806,768.58 in Q1 2019[28] - The company's operating profit for Q1 2020 was a loss of ¥24,942,115.67, down from a profit of ¥60,668,394.61 in Q1 2019[28] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 34,076,302.85, compared to a positive inflow of CNY 8,040,862.19 in the previous year[6] - The net cash flow from operating activities was -¥34,076,302.85, a decline of ¥42,117,165.04 compared to the previous year[15] - Total cash inflow from operating activities was 127,235,526.41 RMB, while cash outflow was 161,311,829.26 RMB, resulting in a net cash flow deficit[32] - Cash flow from financing activities resulted in a net outflow of -151,502,874.99 RMB, compared to -64,036,319.42 RMB in the previous year[33] - The cash outflow for purchasing goods and services was 92,191,392.73 RMB in Q1 2020, compared to 179,958,538.84 RMB in Q1 2019, indicating a reduction in operational expenses[32] Assets and Liabilities - Total assets decreased by 8.79% to CNY 2,456,761,930.75 compared to the end of the previous year[6] - The total assets as of March 31, 2020, were ¥2,456,761,930.75, down from ¥2,693,598,246.18 at the end of the previous year[20] - Total liabilities decreased to ¥191,016,809.61 from ¥363,346,109.57, a reduction of 47.4%[24] - Shareholders' equity totaled ¥1,973,863,655.52, down from ¥1,989,080,096.38, a decrease of 0.8%[25] Shareholder Information - The total number of shareholders at the end of the reporting period was 53,907[10] - The largest shareholder, Guangxi Liuzhou Industrial Investment Development Group Co., Ltd., held 33.34% of the shares[10] Cost Management - The operating cost for Q1 2020 was ¥100,428,349.15, down by ¥133,836,150.10 or 57.13% year-on-year[13] - The company reported a significant reduction in sales and management expenses, indicating a strategic shift towards cost control[26] - The company's sales expenses for Q1 2020 were ¥13,646,751.48, down from ¥17,241,451.61 in Q1 2019, reflecting a 21% reduction[28] Future Outlook - The company plans to focus on market expansion and new product development in the upcoming quarters[22] - The company anticipates a potential significant change in net profit compared to the same period last year, but specific forecasts were not provided[18]