LFX(SH:600612)2020-04-27 16:00Financial Performance - Net profit attributable to shareholders decreased by 0.56% to CNY 371,697,439.43 year-on-year[4] - Operating income decreased by 3.44% to CNY 14,488,583,962.27 compared to the same period last year[4] - The weighted average return on equity decreased by 0.70 percentage points to 5.16%[4] - Basic earnings per share decreased by 0.57% to CNY 0.7105[4] - The company reported a net profit excluding non-recurring gains and losses increased by 10.33% to CNY 383,881,986.97[4] - Total operating revenue for Q1 2020 was approximately ¥14.49 billion, a decrease of 3.44% from ¥15.01 billion in Q1 2019[21] - Net profit for Q1 2020 was approximately ¥486.72 million, a decrease of 2.79% from ¥501.28 million in Q1 2019[22] - Total comprehensive income for Q1 2020 was approximately ¥485.48 million, a decrease of 2.48% from ¥498.72 million in Q1 2019[22] - The company reported a total profit of approximately ¥675.76 million for Q1 2020, an increase of 1.69% from ¥663.64 million in Q1 2019[22] Assets and Liabilities - Total assets increased by 12.54% to CNY 19,334,881,185.76 compared to the end of the previous year[4] - The company's total liabilities reached ¥10.51 billion, up from ¥8.84 billion, which is an increase of approximately 18.9%[18] - Total current liabilities increased to ¥9.35 billion from ¥7.70 billion, marking a rise of about 21.5%[17] - The company's inventory decreased to ¥8.96 billion from ¥11.41 billion, a decline of approximately 21.5%[16] - The total current assets as of January 1, 2020, were ¥16,405,114,486.58, remaining stable compared to the previous year[31] - Total liabilities amounted to ¥8,840,008,238.56, with current liabilities at ¥7,700,057,935.41 and non-current liabilities at ¥1,139,950,303.15[33] Cash Flow - Net cash flow from operating activities increased significantly by 332.19% to CNY 2,927,240,560.82[4] - The net cash flow from operating activities for Q1 2020 was 2,927,240,560.82 RMB, an increase of 4,187,926,328.43 RMB compared to the same period last year[14] - The net cash flow from financing activities decreased by 1,606,434,042.36 RMB, a decline of 76.41%, primarily due to increased cash payments for debt repayment[14] - Cash flow from operating activities for Q1 2020 was 2,927,240,560.82, a turnaround from -1,260,685,767.61 in Q1 2019[26] - Cash inflow from operating activities reached ¥1,039,240,620.48, up from ¥786,745,868.27 in the same period last year, indicating a growth of approximately 32.2%[28] Shareholder Information - The total number of shareholders at the end of the reporting period was 47,190[6] - The largest shareholder, Shanghai Huangpu District State-owned Assets Supervision and Administration Commission, holds 42.09% of the shares[6] Other Financial Metrics - The company's cash and cash equivalents increased by 3,428,870,868.98 RMB, a growth rate of 79.37% compared to the beginning of the year, primarily due to the increase in cash at its subsidiary Shanghai Laofengxiang Co., Ltd.[10] - Accounts receivable rose by 1,143,546,692.25 RMB, a growth rate of 307.73%, mainly because the subsidiary Shanghai Laofengxiang Silver Building Co., Ltd. extended payment terms to customers due to the pandemic[10] - Other receivables increased by 48,316,416.10 RMB, a growth rate of 140.37%, primarily due to increased export exhibition product insurance deposits at the subsidiary Laofengxiang Jewelry (Hong Kong) Co., Ltd.[11] - Accounts payable increased by 596,848,104.66 RMB, a growth rate of 114.14%, mainly due to unpaid procurement amounts at Shanghai Laofengxiang Co., Ltd.[11] - Contract liabilities increased by 126,230,956.68 RMB, a growth rate of 100.00%, due to the adjustment of the pre-receivable account to contract liabilities under the new accounting standards[11] Research and Development - Research and development expenses increased to approximately ¥3.70 million in Q1 2020, up from ¥3.32 million in Q1 2019, reflecting a growth of 11.55%[21]