LBC(SH:600727)2020-04-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 32.58% to CNY 26,368,370.94 compared to the same period last year[6] - Operating revenue increased by 17.44% to CNY 295,735,163.35 compared to the same period last year[6] - The weighted average return on equity decreased by 1.26 percentage points to 1.80%[6] - Basic earnings per share decreased by 27.27% to CNY 0.08 compared to the same period last year[6] - Net profit for Q1 2020 was ¥36,246,673.56, a decrease of 33.4% from ¥54,366,855.58 in Q1 2019[28] - Operating profit for Q1 2020 was ¥17,516,558.55, down 30% from ¥25,175,587.48 in the same period last year[31] - Net profit for Q1 2020 was ¥16,086,872.30, a decrease of 31% compared to ¥23,231,779.90 in Q1 2019[32] - The total comprehensive income for Q1 2020 was ¥16,086,872.30, compared to ¥23,231,779.90 in Q1 2019[32] Assets and Liabilities - Total assets increased by 2.27% to CNY 2,118,699,216.16 compared to the end of the previous year[6] - The company's total liabilities as of March 31, 2020, were approximately CNY 496.97 million, compared to CNY 489.71 million at the end of 2019[20] - The company's total equity increased to approximately CNY 1.62 billion as of March 31, 2020, up from CNY 1.58 billion at the end of 2019[21] - The company's total current assets as of March 31, 2020, amounted to ¥602,050,171.28, compared to ¥570,503,191.54 at the end of 2019[24] - Total liabilities increased to ¥418,411,605.68 in Q1 2020 from ¥406,103,457.35 in Q4 2019[25] - The total assets of the company as of March 31, 2020, were ¥1,766,112,904.67, compared to ¥1,737,717,884.04 at the end of 2019[25] - The company’s total equity increased to ¥1,347,701,298.99 in Q1 2020 from ¥1,331,614,426.69 in Q4 2019[25] Cash Flow - The net cash flow from operating activities decreased by 1.78% to CNY 39,213,522.53 compared to the same period last year[6] - The net cash flow from investment activities turned positive to CNY 154,698,398.46 from a negative CNY 108,509,499.29 in the same period last year, mainly due to the redemption of bank wealth management products[12] - Cash inflow from operating activities was ¥298,420,442.10 in Q1 2020, slightly down from ¥305,373,468.18 in Q1 2019[33] - The company achieved a net cash inflow from operating activities of ¥39,213,522.53 after deducting cash outflows[33] - In Q1 2020, the net cash flow from operating activities was CNY 46,298,441.71, an increase of 18.5% compared to CNY 38,898,109.28 in Q1 2019[35] - The net cash flow from investment activities improved to CNY 67,358,697.76 from a negative CNY 89,968,819.65 in Q1 2019[35] - The company reported a net increase in cash and cash equivalents of CNY 113,657,139.47 in Q1 2020, compared to a decrease of CNY 51,070,710.37 in Q1 2019[36] Shareholder Information - The total number of shareholders reached 36,239 at the end of the reporting period[10] - The largest shareholder, Shandong Lubai Enterprise Group Co., Ltd., holds 30.56% of the shares[10] Expenses and Costs - Operating costs increased by 30.48% year-on-year, primarily due to higher production volumes compared to the same period last year[13] - Research and development expenses increased by 51.28% year-on-year, reflecting increased investment in R&D projects[13] - Research and development expenses for Q1 2020 were ¥7,997,197.45, an increase of 51.4% from ¥5,286,323.81 in Q1 2019[28] - Sales expenses rose to ¥4,844,131.88 in Q1 2020, up from ¥2,879,854.53 in Q1 2019, indicating a 68% increase[31] Investment Income - Investment income surged by 3265.76% year-on-year, mainly due to increased returns from redeemed wealth management products[13] - The company reported a non-operating income of CNY 251,713.69, primarily from financial investment income[8]