LMC(SZ:002921)2019-04-25 16:00Financial Performance - The company's operating revenue for Q1 2019 was CNY 185,987,220.31, representing a 22.34% increase compared to CNY 152,026,758.27 in the same period last year[7] - Net profit attributable to shareholders was CNY 14,913,464.98, up 6.45% from CNY 14,009,628.39 year-on-year[7] - The net profit after deducting non-recurring gains and losses decreased by 48.03% to CNY 5,693,217.64 from CNY 10,954,211.28 in the previous year[7] - Total operating revenue for the current period reached ¥185,987,220.31, an increase of 22.4% compared to ¥152,026,758.27 in the previous period[37] - Net profit for the current period was ¥14,758,162.83, representing a 4.0% increase from ¥14,193,356.32 in the previous period[39] - The total profit for the current period was ¥16,718,041.22, down from ¥17,636,410.76 in the previous period, primarily due to increased costs[39] - Comprehensive income for the current period totaled ¥9,617,605.74, compared to ¥8,782,766.80 in the previous period, showing overall growth[40] Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 4,788,198.93, a 133.89% increase from a negative CNY 14,126,587.48 in the same period last year[7] - Cash received from tax refunds increased by 69.36% to ¥8,104,931.98, attributed to higher export tax rebates[17] - Cash received from other operating activities jumped by 206.43% to ¥14,857,445.71, also due to the green factory subsidy[17] - Operating cash inflow for the current period reached ¥185,608,463.41, an increase of 25% compared to ¥148,565,323.72 in the previous period[45] - Cash and cash equivalents at the end of the period totaled ¥150,354,937.37, compared to ¥116,830,807.69 in the previous period, reflecting a positive cash position[48] - The company reported a net cash outflow from financing activities of -¥3,845,711.61, an improvement from -¥27,539,194.35 in the previous period[47] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,232,867,969.95, a slight increase of 0.71% from CNY 1,224,210,674.54 at the end of the previous year[7] - Total liabilities decreased to CNY 550,329,808.17 from CNY 551,290,118.52, a reduction of approximately 0.17%[30] - The company's total equity rose to CNY 682,538,161.78 from CNY 672,920,556.02, an increase of approximately 1.8%[31] - Current liabilities reached CNY 413,978,833.50, while total liabilities were CNY 551,290,118.52[54] Expenses - Sales expenses increased by 54.50% to ¥7,587,959.97 primarily due to increased market development costs and tariffs[16] - R&D expenses surged by 100.80% to ¥4,153,016.10 as the company intensified investment in new products and technologies[16] - Cash paid for management and sales expenses rose by 85.86% to ¥17,179,983.76, reflecting increased operational costs[17] - The company reported a significant increase in sales expenses, which rose to ¥7,587,959.97 from ¥4,911,174.95, reflecting higher marketing efforts[37] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,006, with the largest shareholder holding 24.30% of the shares[11] - The weighted average return on equity was 2.20%, slightly up from 2.13% in the previous year[7] Other Financial Metrics - The company reported a basic and diluted earnings per share of ¥0.19, up from ¥0.18 in the previous period[40] - The company experienced a decrease in tax expenses, which fell to ¥1,959,878.39 from ¥3,443,054.44, indicating better tax management[39] - Other income rose significantly by 1136.93% to ¥12,369,290.01, mainly from receiving a special subsidy for green factories amounting to ¥10 million[16]