LXBY(002884)2023-04-28 16:00Financial Performance - The company's revenue for Q1 2023 was ¥269,819,500.29, a decrease of 40.75% compared to ¥455,367,264.04 in the same period last year[5] - Net profit attributable to shareholders was ¥77,239,067.55, down 33.20% from ¥115,635,840.34 year-on-year[5] - Basic and diluted earnings per share were both ¥0.22, reflecting a decline of 31.25% compared to ¥0.32 in the same period last year[5] - The weighted average return on equity was 3.43%, down from 5.26% in the previous year, indicating a decline in profitability[5] - The company reported a comprehensive income total of CNY 77,180,700.78 for Q1 2023, compared to CNY 115,615,844.26 in the previous year[20] Cash Flow - The net cash flow from operating activities decreased by 25.96% to ¥55,322,330.86 from ¥74,719,451.24 in the previous year[5] - Cash inflow from operating activities was CNY 276,474,589.63, compared to CNY 475,241,094.27 in the prior period, indicating a decrease of about 42%[21] - Cash outflow from operating activities totaled CNY 221,152,258.77, down from CNY 400,521,643.03 year-over-year[21] - The net cash flow from investing activities was -¥29,289,428.03, significantly down from ¥339,819,449.34 in the previous year[22] - The net increase in cash and cash equivalents for Q1 2023 was ¥25,971,830.07, a sharp decline from ¥417,756,965.15 in Q1 2022[22] Assets and Liabilities - Total assets increased by 3.17% to ¥2,421,755,986.11 from ¥2,347,327,879.00 at the end of the previous year[5] - Total current assets as of March 31, 2023, are ¥2,060,036,109.91, up from ¥1,989,969,241.25 at the start of the year[15] - Total liabilities are reported at ¥107,420,361.15, slightly down from ¥110,110,745.08[15] - Total liabilities amounted to CNY 133,688,650.32, a decrease from CNY 137,035,063.12 in the previous period[19] - Total equity attributable to shareholders was CNY 2,288,067,335.79, up from CNY 2,210,292,815.88 year-over-year[19] Shareholder Information - Total number of common shareholders at the end of the reporting period is 14,154[11] - The largest shareholder, Wang Haibo, holds 29.57% of shares, totaling 105,781,089 shares[11] - The top ten shareholders include various institutional investors, with China Agricultural Bank holding 17,141,959 shares[12] Operational Metrics - The company experienced a 44.44% reduction in operating costs, amounting to ¥167,465,243.00, in line with the decrease in revenue[9] - Total operating costs amounted to CNY 183,522,645.12, down from CNY 327,432,486.69 year-over-year[17] - The company reported a 80.36% decrease in other income, which fell to ¥65,998.63 from ¥336,089.50, primarily due to reduced penalties from suppliers[9] Investment Activities - Investment activities generated a cash outflow of ¥29,289,428.03, a significant decrease of 108.62% compared to a cash inflow of ¥339,819,449.34 in the previous year[10] - Cash inflow from investment activities totaled ¥163,423,495.89, compared to ¥686,704,952.03 in Q1 2022[22] - Cash outflow from investment activities was ¥192,712,923.92, down from ¥346,885,502.69 year-over-year[22] Inventory and Prepayments - The company reported a significant increase in prepayments, which rose by 79.22% to ¥50,417,078.80, primarily due to increased material payments[9] - Inventory decreased to ¥272,268,371.62 from ¥278,842,759.46[15] Audit and Product Development - The company did not undergo an audit for the Q1 2023 report[23] - The company has not disclosed any new product developments or market expansion strategies in the current report[13]