LK(SH:600388)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,943,818,825.70, representing a year-on-year increase of 2.14%[5] - Net profit attributable to shareholders was ¥177,798,317.01, reflecting a significant increase of 26.01% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥156,849,468.16, up by 8.66% year-on-year[5] - Basic earnings per share for the quarter were ¥0.17, an increase of 30.77% year-on-year[5] - The diluted earnings per share were ¥0.15, reflecting a 25.00% increase compared to the same period last year[5] - The total comprehensive income for the first quarter of 2022 was CNY 177,649,538.34, compared to CNY 145,926,071.07 in the same period of 2021, representing an increase of approximately 21.8%[32] - Basic earnings per share for the first quarter of 2022 were CNY 0.17, up from CNY 0.13 in the first quarter of 2021, reflecting a growth of 30.8%[32] - Net profit for Q1 2022 reached CNY 177,325,960.77, up from CNY 143,898,796.07 in Q1 2021, indicating a growth of approximately 23.2%[31] Assets and Liabilities - The total assets at the end of Q1 2022 reached ¥27,192,841,264.55, marking a 1.05% increase from the end of the previous year[8] - The company's total assets amounted to CNY 27,192,841,264.55, compared to CNY 26,909,559,947.41 in the previous period, showing an increase of about 1.0%[27] - Total liabilities were CNY 19,955,085,168.50, slightly up from CNY 19,885,193,999.32, marking an increase of approximately 0.4%[27] - The company's equity attributable to shareholders increased to CNY 7,068,464,957.07 from CNY 6,887,767,299.21, reflecting a growth of about 2.6%[27] - The company reported a 91.46% increase in current liabilities due to an increase in short-term borrowings[10] - The company's total liabilities as of March 31, 2022, increased compared to the previous year, indicating a potential increase in leverage[41] Cash Flow - The net cash flow from operating activities was negative at -¥340,287,097.61, indicating a significant cash outflow[5] - Net cash flow from operating activities for the first quarter of 2022 was -CNY 340,287,097.61, compared to -CNY 245,387,789.53 in the first quarter of 2021, indicating a decline in cash flow[37] - The ending cash and cash equivalents balance as of March 31, 2022, was CNY 1,591,777,507.36, down from CNY 1,909,022,221.40 at the end of 2021[39] - The company reported a decrease in cash received from sales of goods and services, totaling CNY 1,382,648,549.14 in the first quarter of 2022, compared to CNY 2,425,456,774.52 in the same period of 2021, reflecting a decline of approximately 43%[37] - Cash inflow from investment activities in the first quarter of 2022 was CNY 2,126,141,910.54, significantly higher than CNY 1,243,151,525.52 in the same period of 2021, marking an increase of approximately 71.1%[39] - Cash outflow from investment activities for the first quarter of 2022 totaled CNY 2,267,539,043.50, compared to CNY 1,536,524,479.49 in the first quarter of 2021, which is an increase of about 47.5%[39] - The net cash flow from financing activities for the first quarter of 2022 was CNY 203,659,358.56, a turnaround from -CNY 14,606,371.62 in the first quarter of 2021[39] Shareholder Information - Total number of common shareholders at the end of the reporting period was 77,170[14] - The largest shareholder, Longjing Industrial Investment Group Co., Ltd., holds 18.09% of the shares[14] Research and Development - Research and development expenses for Q1 2022 were CNY 106,457,899.03, compared to CNY 90,174,694.56 in Q1 2021, representing an increase of approximately 17.9%[31] - Research and development expenses increased to ¥64,837,371.90 in Q1 2022, compared to ¥47,475,149.80 in Q1 2021, marking a rise of 36.6%[49] Inventory and Receivables - Accounts receivable increased to approximately ¥2.80 billion from ¥2.81 billion year-over-year[22] - Inventory decreased slightly to approximately ¥8.45 billion from ¥8.50 billion year-over-year[22] - The company’s inventory as of March 31, 2022, was CNY 5,132,617,315.83, up from CNY 4,563,043,966.58 at the end of 2021, indicating a growth of approximately 12.5%[41]