LK(SH:600388)2022-05-17 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,943,818,825.70, representing a year-on-year increase of 2.14%[6] - The net profit attributable to shareholders was CNY 177,798,317.01, reflecting a significant increase of 26.01% compared to the previous year[6] - The basic earnings per share (EPS) was CNY 0.17, which is a 30.77% increase year-on-year[6] - The total operating profit for the current period is 211,822,794.25, an increase from 177,049,023.00 in the previous period, representing a growth of approximately 19.8%[33] - The net profit attributable to shareholders of the parent company is 177,798,317.01, compared to 141,102,236.63 in the previous period, reflecting an increase of about 26.0%[33] - The total comprehensive income attributable to the parent company is 178,121,894.58, compared to 143,129,511.63 in the previous period, showing an increase of approximately 24.4%[35] - The total profit for the current period is 211,224,695.23, an increase from 176,796,972.64 in the previous period, representing a growth of approximately 19.4%[33] - The company's retained earnings rose to ¥4,678,436,890.91 from ¥4,500,638,573.90, an increase of about 3.95%[28] - The total equity attributable to shareholders increased to ¥7,068,464,957.07 from ¥6,887,767,299.21, representing a growth of approximately 2.63%[28] Assets and Liabilities - The total assets at the end of Q1 2022 amounted to CNY 27,192,841,264.55, showing a 1.05% increase from the end of the previous year[9] - The company's cash and cash equivalents as of March 31, 2022, amount to ¥2,233,590,218.63, a decrease from ¥2,379,543,928.72 at the end of 2021[19] - The total current assets amount to ¥19,666,069,623.45, compared to ¥19,957,779,675.98 at the end of 2021[23] - Non-current assets total ¥7,526,771,641.10, an increase from ¥6,951,780,271.43 in the previous period[23] - The company's total liabilities amounted to ¥19,955,085,168.50, slightly up from ¥19,885,193,999.32, showing a growth of around 0.35%[26] - Non-current liabilities increased to ¥4,582,494,729.65 from ¥4,269,528,262.78, reflecting an increase of approximately 7.31%[26] - The total liabilities of the company were ¥17,991,429,306.45, slightly increasing from ¥17,898,642,438.07, which is an increase of approximately 0.5%[43] Cash Flow - The net cash flow from operating activities was negative at CNY -340,287,097.61, indicating a significant cash outflow[6] - Cash inflows from operating activities amount to 1,461,838,924.17, down from 2,561,002,854.67 in the previous period, a decrease of about 42.9%[37] - Cash outflows from operating activities total 1,802,126,021.78, compared to 2,806,390,644.20 in the previous period, a decrease of approximately 35.7%[37] - The net cash flow from operating activities is -340,287,097.61, worsening from -245,387,789.53 in the previous period[37] - The net cash flow from investment activities was -¥141,397,132.96, an improvement from -¥293,372,953.97 year-over-year[39] - The net cash flow from financing activities was ¥203,659,358.56, a significant improvement from -¥14,606,371.62 in the previous year[39] Shareholder Information - Total number of common shareholders at the end of the reporting period is 77,170[15] - The largest shareholder, Longjing Industrial Investment Group Co., Ltd., holds 18.09% of shares, totaling 176,310,926 shares[15] Expenses - Total operating costs rose to ¥1,763,924,624.03 from ¥1,724,342,010.06, indicating an increase of approximately 2.29%[30] - Research and development expenses increased to ¥106,457,899.03 from ¥90,174,694.56, marking a significant rise of about 17.98%[30] - The company's financial expenses increased to ¥39,175,827.96 from ¥26,540,093.95, which is an increase of approximately 47.6%[48] - The tax expense for the current period is 33,898,734.46, slightly up from 32,898,176.57 in the previous period, indicating an increase of about 3.0%[33] Inventory and Receivables - The company’s inventory is reported at ¥8,447,035,859.02, down from ¥8,499,341,916.69[23] - Accounts receivable stands at ¥2,797,241,512.32, slightly down from ¥2,814,544,530.01 in the previous period[23] - The company's inventory increased to ¥5,132,617,315.83 from ¥4,563,043,966.58, representing a growth of about 12.5%[41]