LMZ(SH:600249)2021-04-28 16:00Financial Performance - Operating revenue increased by 24.72% to CNY 170,712,167.79 compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was a loss of CNY 19,394,838.64, compared to a loss of CNY 17,566,948.54 in the previous year[5] - The net profit after deducting non-recurring gains and losses was CNY 5,393,130.10, a significant improvement from a loss of CNY 4,339,249.79 in the same period last year[5] - Other income increased significantly by 1012.23% to CNY 3,105,391.85 primarily due to increased government subsidies received[12] - Investment income rose by 2069.61% to CNY 242,207.54 mainly from increased financial investment returns[12] - Operating income increased by 237.52% to CNY 1,355,057.44 driven by higher government subsidies[13] - The company reported a decrease in sales expenses to ¥7,871,486.27 in Q1 2021 from ¥13,646,751.48 in Q1 2020, a reduction of approximately 42.0%[30] - The company recorded other income of ¥1,355,057.44 in Q1 2021, up from ¥401,479.71 in Q1 2020, indicating improved non-operating income[29] Cash Flow - The net cash flow from operating activities was a negative CNY 47,369,585.48, worsening from a negative CNY 34,076,302.85 in the previous year[5] - Net cash flow from operating activities decreased to CNY -47,369,585.48, a decline of CNY 13,293,282.63 compared to the previous year[16] - The cash flow from operating activities for Q1 2021 was -¥47,369,585.48, compared to -¥34,076,302.85 in Q1 2020, reflecting increased cash outflow[34] - The net cash flow from operating activities for Q1 2021 was -2,786,330.43 RMB, an improvement from -8,238,042.31 RMB in Q1 2020[36] - Total cash inflow from operating activities was 43,101,880.08 RMB, compared to 41,306,331.97 RMB in the same period last year, reflecting a growth of approximately 4.34%[36] - Cash outflow from operating activities decreased to 45,888,210.51 RMB from 49,544,374.28 RMB year-over-year, indicating a reduction of about 7.4%[36] - The company reported a cash flow net decrease of -4,623,283.12 RMB for the quarter, an improvement from -107,843,455.13 RMB in Q1 2020[37] Assets and Liabilities - Total assets decreased by 3.13% to CNY 2,475,287,115.78 compared to the end of the previous year[5] - Total assets decreased to CNY 2,475,287,115.78 from CNY 2,555,266,114.09, reflecting a reduction in current assets[22] - Total liabilities decreased to CNY 373,401,700.38 from CNY 434,013,582.15, indicating a reduction in financial obligations[22] - Total liabilities as of March 31, 2021, were CNY 172,350,977.92, down from CNY 197,112,164.31 at the end of 2020[25] - The company’s total equity as of March 31, 2021, was CNY 2,020,861,714.00, down from CNY 2,042,304,145.02 at the end of 2020[25] Shareholder Information - The number of shareholders reached 45,462 at the end of the reporting period[9] - The top shareholder, Guangxi Liuzhou Industrial Investment Development Group Co., Ltd., holds 33.34% of the shares[9] Research and Development - Research and development expenses for Q1 2021 were CNY 1,969,544.63, a decrease from CNY 2,123,346.28 in Q1 2020[27] - Research and development expenses increased slightly to ¥1,344,712.84 in Q1 2021 from ¥1,240,843.65 in Q1 2020, showing a focus on innovation[30] Other Financial Metrics - The weighted average return on net assets decreased by 0.07 percentage points to -0.92%[5] - Non-recurring gains and losses totaled a negative CNY 24,787,968.74 for the period[7] - Cash and cash equivalents as of March 31, 2021, were CNY 510,877,295.36, slightly down from CNY 515,500,578.48 at the end of 2020[23] - The company has not disclosed any new product developments or market expansion strategies in this report[10]