LFD(SH:600149)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥77,885,460.77, representing an increase of 8.11% compared to the same period last year [6]. - The net profit attributable to shareholders of the listed company was -¥6,910,087.94, with a basic and diluted earnings per share of -¥0.0182 [6]. - The company reported a net loss of CNY 15,260,209.66 for Q1 2022, compared to a profit of CNY 7,384,203.85 in Q1 2021 [17]. - The net profit for Q1 2022 was -15,577,078.16 RMB, compared to a net profit of 4,362,614.32 RMB in Q1 2021, indicating a significant decline [18]. - The total comprehensive income for Q1 2022 was -15,577,078.16 RMB, while it was 4,362,614.32 RMB in the same period last year [18]. - The basic and diluted earnings per share for Q1 2022 were both -0.0182 RMB, compared to -0.0016 RMB in Q1 2021 [18]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥56,731,713.81, indicating a significant cash outflow [6]. - The operating cash flow for Q1 2022 was -56,731,713.81 RMB, worsening from -39,309,300.90 RMB in Q1 2021 [20]. - Cash inflow from operating activities totaled 15,981,408.26 RMB in Q1 2022, up from 10,913,246.73 RMB in Q1 2021 [20]. - The company reported cash and cash equivalents of 88,681,612.97 RMB at the end of Q1 2022, compared to 66,427,897.78 RMB at the end of Q1 2021 [20]. - Cash and cash equivalents decreased to CNY 105,235,581.60 as of March 31, 2022, down from CNY 132,371,333.79 at the end of 2021, a decline of approximately 20.5% [14]. - The company received 21,365,526.81 RMB in cash from borrowings during Q1 2022, with a net cash flow from financing activities of 20,718,240.10 RMB [20]. - The cash flow from investment activities showed a net inflow of 845,396.92 RMB in Q1 2022, compared to a net outflow of -1,816,379.24 RMB in Q1 2021 [20]. Assets and Liabilities - Total assets at the end of the reporting period were ¥614,972,145.99, a decrease of 5.46% from the end of the previous year [7]. - Total assets decreased to CNY 614,972,145.99 as of March 31, 2022, from CNY 650,473,782.36 at the end of 2021, a reduction of about 5.5% [15]. - Current liabilities totaled CNY 155,713,129.87, down from CNY 165,306,933.23 at the end of 2021, a decrease of approximately 5.0% [15]. - Non-current liabilities decreased to CNY 210,868,269.12 from CNY 221,493,023.97, reflecting a decline of about 4.8% [15]. - The company’s total equity decreased to CNY 248,390,747.00 as of March 31, 2022, down from CNY 263,673,825.16 at the end of 2021, a drop of approximately 5.8% [16]. - Shareholders' equity attributable to the listed company was ¥163,580,954.04, down 4.05% from the previous year [7]. Operational Insights - The decline in net profit was primarily attributed to increased operating costs due to rising coal prices [9]. - Total operating costs for Q1 2022 were CNY 93,939,082.86, up from CNY 64,672,855.01 in Q1 2021, indicating a rise of about 45.2% [16]. - The company did not report any new product developments or market expansion strategies during this quarter [13]. - Research and development expenses were not specified in the report but are critical for future product development and market expansion [16]. - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance [16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,893 [11]. - Evergrande Group held 20.00% of the shares, with 76,032,050 shares frozen [11]. Non-Recurring Items - The company reported non-recurring gains and losses of ¥210,767.91, after accounting for tax effects and minority interests [8]. - The company reported a tax expense of 308,479.36 RMB in Q1 2022, down from 2,887,688.22 RMB in Q1 2021 [18].