LMZ(SH:600249)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥187,956,246.08, representing a year-on-year increase of 23.94%[5] - The net profit attributable to shareholders of the listed company was ¥4,590,332.53, with a significant increase in sales revenue compared to the previous year[9] - The basic earnings per share for the period was ¥0.0083, reflecting an increase due to higher sales revenue[9] - The net profit for Q1 2023 was 4,669,544.31 RMB, a significant recovery from a net loss of 29,687,617.70 RMB in Q1 2022, representing a turnaround of approximately 115.7%[20] - The total revenue from operating activities increased to 210,048,909.42 RMB in Q1 2023, compared to 153,263,788.94 RMB in Q1 2022, marking an increase of about 37.0%[21] - The operating profit for Q1 2023 was 6,024,777.64 RMB, a recovery from an operating loss of 39,849,489.15 RMB in Q1 2022, indicating a turnaround of approximately 115.1%[22] - The company reported a total profit of 6,682,440.81 RMB for Q1 2023, compared to a total loss of 39,508,964.35 RMB in Q1 2022, reflecting a turnaround of approximately 116.9%[22] Cash Flow and Liquidity - The net cash flow from operating activities was -¥17,708,186.56, indicating a cash outflow during the quarter[5] - The cash flow from operating activities showed a net outflow of 17,708,186.56 RMB in Q1 2023, an improvement from a net outflow of 25,841,425.42 RMB in Q1 2022, representing a reduction of about 31.5%[22] - The company achieved a cash inflow from financing activities of 35,000,000.00 RMB in Q1 2023, compared to 13,000,000.00 RMB in Q1 2022, representing an increase of approximately 169.2%[22] - The net cash flow from financing activities was $21,700,975.01, compared to a negative cash flow of $616,467.41 in the previous period[23] - The total cash and cash equivalents at the end of the period amounted to $1,209,188,555.04, a decrease from $1,225,515,670.06 at the beginning of the period[23] - The net increase in cash and cash equivalents was -$531,420.43, compared to -$70,222,913.68 in the previous period[23] - The cash outflow from financing activities totaled $13,299,024.99, while the previous period recorded $13,616,467.41[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,508,413,348.27, up 1.30% from the end of the previous year[6] - The total assets of the company amounted to CNY 2,508,413,348.27 as of March 31, 2023, compared to CNY 2,476,174,283.06 at the end of 2022, marking a growth of 1.3%[16] - The total liabilities increased to CNY 412,170,552.18 in Q1 2023 from CNY 384,601,031.28 in Q4 2022, reflecting a rise of 7.1%[16] - The equity attributable to shareholders of the listed company was ¥2,101,637,582.11, showing a slight increase of 0.22%[6] - The total equity attributable to shareholders was CNY 2,101,637,582.11 as of March 31, 2023, compared to CNY 2,097,047,249.58 at the end of 2022, reflecting a slight increase of 0.2%[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,110[10] - The largest shareholder, Guangxi Liuzhou Industrial Investment Development Group Co., Ltd., held 33.34% of the shares[11] Expenses and Financial Metrics - The total operating costs for Q1 2023 were CNY 188,016,538.90, up from CNY 153,821,440.05 in Q1 2022, reflecting a year-over-year increase of 22.1%[18] - Research and development expenses rose to 3,609,823.20 RMB in Q1 2023, up from 2,990,829.12 RMB in Q1 2022, reflecting an increase of approximately 20.7%[22] - The financial expenses decreased to -5,848,019.46 RMB in Q1 2023 from -8,612,677.43 RMB in Q1 2022, showing a reduction of about 32.5%[22] - The weighted average return on net assets was 0.22%, an increase of 1.61 percentage points compared to the previous year[6] - The company reported non-recurring gains of ¥5,198,933.29, primarily from government subsidies and other income[8] Inventory and Receivables - Accounts receivable increased to CNY 110,368,998.56 in Q1 2023 from CNY 94,401,833.41 in Q4 2022, representing a growth of 16.9%[14] - Inventory levels rose to CNY 200,559,291.44 as of March 31, 2023, compared to CNY 190,584,381.62 at the end of 2022, indicating an increase of 5.8%[14]