Langsha(SH:600137)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥64,911,280.17, representing a decrease of 2.68% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥4,408,958.99, down 25.71% year-on-year[2]. - The basic earnings per share were ¥0.045, reflecting a decline of 26.23% compared to the previous year[2]. - Total operating revenue for Q1 2022 was ¥64,911,280.17, a decrease of 2.66% from ¥66,700,483.73 in Q1 2021[23]. - Net profit for Q1 2022 was ¥4,408,958.99, a decline of 25.73% compared to ¥5,934,810.54 in Q1 2021[24]. - Earnings per share for Q1 2022 were ¥0.045, down from ¥0.061 in Q1 2021[24]. Cash Flow and Investments - The net cash flow from operating activities was -¥8,844,976.12, an increase in outflow of 41.66% year-on-year[2]. - The total cash flow from operating activities for Q1 2022 was not provided, indicating a need for further analysis in future reports[26]. - In Q1 2022, the cash inflow from operating activities was $80,196,224.74, an increase of 11.1% compared to $72,194,564.04 in Q1 2021[27]. - The net cash outflow from operating activities was -$8,844,976.12, improving from -$15,161,953.80 in the same period last year[27]. - The total cash outflow from investment activities was $111,068,009.05, down from $187,458,418.18 in Q1 2021, indicating a reduction of 40.7%[28]. - The net cash flow from investment activities was -$111,068,009.05, an improvement from -$187,458,418.18 year-over-year[28]. - The cash and cash equivalents at the end of Q1 2022 were $228,196,251.65, significantly up from $100,889,350.70 at the end of Q1 2021[28]. - The total cash and cash equivalents decreased by $119,920,479.71 in Q1 2022, compared to a decrease of $202,618,987.24 in Q1 2021[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥639,453,626.66, a decrease of 4.23% from the end of the previous year[2]. - The company's cash and cash equivalents decreased from RMB 388.52 million at the end of 2021 to RMB 246.89 million by March 31, 2022[19]. - The total assets of the company decreased from RMB 667.68 million at the end of 2021 to RMB 639.45 million by March 31, 2022[19]. - Total liabilities as of March 31, 2022, amounted to ¥110,514,579.02, a decrease from ¥143,152,589.78 as of December 31, 2021[20]. - Total equity attributable to shareholders was ¥528,939,047.64 as of March 31, 2022, compared to ¥524,530,088.65 at the end of 2021[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,215[7]. - The largest shareholder, Langsha Holdings Group Co., Ltd., held 42.68% of the shares, with 32,000,000 shares pledged[7]. Operational Metrics - Research and development expenses increased by 50.89% due to expanded R&D activities and higher material and labor costs[5]. - The company reported a significant increase of 907.21% in other current assets, attributed to investments in structured bank deposit products[5]. - The gross profit margin for the main business increased by 3.53 percentage points to 20.41%[11]. - Domestic sales accounted for RMB 6,171.48 million, with a decline of 4.82% year-on-year, while export sales surged by 83.33% to RMB 313.90 million[11]. - The number of retail stores increased from 348 to 351, with 5 new stores opened and 2 closed during the reporting period[9]. - The online sales channel generated RMB 4,342.85 million, representing 66.96% of total revenue, with a gross margin of 20.01%[18]. - The gross profit margin for direct stores was 15.83%, a decrease of 0.14 percentage points year-on-year[15]. - The gross profit margin for franchise stores improved by 5.20 percentage points to 21.92%[15]. - The company reported a significant increase in operating costs, with a year-on-year increase of 6.68% to RMB 5,161.96 million[11]. Future Outlook - The company plans to continue focusing on market expansion and product development in the upcoming quarters, although specific strategies were not detailed in the report[26]. - The company has adopted new accounting standards starting in 2022, which may affect future financial reporting[29].