LH(SH:600099)2020-04-27 16:00Financial Performance - Operating revenue decreased by 22.04% to CNY 119,329,767.91 year-on-year[8] - Net profit attributable to shareholders was a loss of CNY 1,497,687.09, compared to a profit of CNY 138,958.86 in the same period last year[8] - The weighted average return on net assets was -0.3097%, down from 0.0294% in the previous year[8] - Total operating revenue for Q1 2020 was ¥119,329,767.91, a decrease of 22.0% compared to ¥153,068,125.66 in Q1 2019[27] - Net profit for Q1 2020 was a loss of ¥1,497,687.09, compared to a profit of ¥138,958.86 in Q1 2019[28] - Basic and diluted earnings per share for Q1 2020 were both -¥0.0068, compared to ¥0.0006 in Q1 2019[28] - The company reported a decrease in sales costs to ¥80.86 million in Q1 2020 from ¥107.04 million in Q1 2019, a reduction of 24.5%[30] - The total comprehensive income for Q1 2020 was a loss of ¥2.66 million, compared to a loss of ¥1.39 million in Q1 2019, reflecting a worsening of 91.8%[30] Assets and Liabilities - Total assets increased by 4.28% to CNY 640,941,435.09 compared to the end of the previous year[8] - The total current assets increased from 436,667,168.84 RMB at the end of 2019 to 464,259,872.38 RMB by March 31, 2020[22] - The total liabilities increased from 130,263,555.41 RMB in 2019 to 158,075,947.82 RMB in 2020, reflecting a rise in current liabilities[23] - The company's equity attributable to shareholders decreased from 484,367,853.26 RMB in 2019 to 482,865,487.27 RMB in 2020[23] - Total liabilities as of Q1 2020 amounted to ¥97,415,217.69, an increase of 5.2% from ¥92,466,508.30 in the previous year[25] - Total equity as of Q1 2020 was ¥458,572,912.63, a decrease of 0.7% from ¥461,234,783.41 in Q1 2019[25] - The total liabilities and equity as of Q1 2020 were ¥555,988,130.32, compared to ¥553,701,291.71 in the previous year[25] Cash Flow - Cash flow from operating activities improved to a net outflow of CNY 26,184,776.72, compared to a net outflow of CNY 42,529,158.36 in the same period last year[8] - The net cash flow from operating activities increased by 38.43%, from -42,529,158.36 RMB in 2019 to -26,184,776.72 RMB in 2020[17] - The company reported a net increase in cash and cash equivalents of -26,264,246.72 RMB in Q1 2020 compared to -42,710,987.70 RMB in Q1 2019, marking a 38.51% improvement[18] - The cash received from other operating activities rose by 62.55%, from 2,349,301.49 RMB in 2019 to 3,818,865.68 RMB in 2020, attributed to an increase in returned bidding agency fees[17] - The cash outflow from operating activities totaled ¥112.39 million in Q1 2020, slightly down from ¥113.94 million in Q1 2019, a decrease of 1.4%[33] Research and Development - Research and development expenses increased by 266.82% to CNY 2,470,134.76 compared to CNY 673,397.97 in the previous year[16] - Research and development expenses for Q1 2020 were ¥2,470,134.76, significantly up from ¥673,397.97 in Q1 2019, reflecting a 267.5% increase[27] - Research and development expenses increased significantly to ¥1.86 million in Q1 2020, up from ¥361,710.62 in Q1 2019, marking a growth of 414.5%[30] Shareholder Information - The number of shareholders reached 14,974, with the largest shareholder holding 42.10% of the shares[12] Government Subsidies - The company received government subsidies amounting to CNY 211,180.07, an increase of 161.57% compared to CNY 80,736.44 in the previous year[16] Financial Expenses - The company reported a financial expense of -¥907,456.81 in Q1 2020, an improvement from -¥1,626,596.12 in Q1 2019[27] - The company incurred financial expenses of -¥895,889.01 in Q1 2020, compared to -¥1.63 million in Q1 2019, showing a decrease of 45.1%[30] Interest Income - The company reported a significant decrease in interest income by 43.32% to CNY 915,682.57 compared to CNY 1,615,654.87 in the previous year[16] Inventory and Stock Position - Inventory levels were reported at CNY 134.73 billion, suggesting a robust stock position to meet future demand[37]