Lukang Culture (601599): Net Profit Of 8 Million 950 Thousand Yuan In The First Quarter, Down 57% Compared With The Same Period Last Year.

Lukang culture (601599) released the first quarter report in 2019. The announcement showed that the revenue in the reporting period was 759769168.40 yuan, an increase of 6.01% over the same period. The net profit attributable to shareholders of listed companies was 8949540.82 yuan, down 56.95% from the same period last year.

Up to the end of the reporting period, the net assets of Lukang culture attributable to shareholders of listed companies were 2563837576.10 yuan, an increase of 0.34% over the previous year, and net cash flow from operating activities was -10452702.02 yuan, down 113.79% from the same period last year.

The net cash flow generated by investment activities during the reporting period increased by 124.13% over the same period, mainly due to the decrease in fixed assets investment.

Statistics show that Lukang culture is mainly engaged in two major businesses of textile and video business.