LK(SH:600388)2023-04-20 16:00Revenue and Profitability - Total operating revenue for Q1 2023 reached RMB 2,417,982,327.67, an increase of 24.5% compared to RMB 1,943,818,825.70 in Q1 2022[18] - The total revenue for Q1 2023 reached RMB 1,632,688,735.56, an increase of 18.06% compared to RMB 1,382,648,549.14 in Q1 2022[21] - The company's operating revenue for Q1 2023 reached CNY 2,417,982,327.67, representing a year-on-year increase of 24.39%[31] - The net profit attributable to shareholders for the same period was CNY 184,902,099.85, reflecting a growth of 4.00% compared to the previous year[31] - The company reported a net loss of RMB 147,243,993.26 in Q1 2023, compared to a net loss of RMB 178,850,537.69 in Q1 2022, showing an improvement in profitability[21] Operating Costs and Expenses - Total operating costs for Q1 2023 were RMB 2,239,008,444.98, up 26.9% from RMB 1,763,924,624.03 in Q1 2022[18] - The company reported a 33.08% increase in operating costs, correlating with the rise in revenue[12] - Research and development expenses for Q1 2023 amounted to RMB 99,297,085.77, a decrease of 6.5% from RMB 106,457,899.03 in Q1 2022[18] - The company incurred R&D expenses of ¥57,656,046.20 in Q1 2023, a decrease from ¥64,837,371.90 in Q1 2022, indicating a 11.88% reduction[47] Cash Flow and Financing Activities - Net cash flow from financing activities increased by 158.60% due to higher borrowings from financial institutions[13] - The net cash flow from operating activities improved to RMB -195,551,173.36 from RMB -340,287,097.61 year-over-year, indicating a reduction in cash outflow[21] - The net cash flow from financing activities significantly rose to RMB 526,671,839.85 from RMB 203,659,358.56, indicating a strong inflow of funds[21] - The company raised ¥665,000,000.00 through borrowings in Q1 2023, compared to ¥240,000,000.00 in Q1 2022, marking a 177.08% increase[49] - The net cash flow from operating activities was reported at CNY -195,551,173.36, indicating a non-applicable change[31] Assets and Liabilities - The total assets increased to RMB 21,937,817,852.61 as of March 31, 2023, compared to RMB 21,819,806,698.68 at the end of 2022, reflecting a growth of 0.54%[24] - The total liabilities decreased slightly to RMB 15,275,707,505.66 from RMB 15,340,355,121.25, showing a reduction of 0.42%[24] - The company's total equity increased to RMB 6,662,110,346.95 from RMB 6,479,451,577.43, reflecting a growth of 2.82%[24] - Current liabilities decreased from 14,434.16 million to 13,288.91 million, a reduction of about 7.94%[40] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 47,678[6] - Major shareholder Zijin Mining Group held 14.87% of shares, while Longyan State-owned Assets Investment Management Co., Ltd. held 9.30%[6] Other Income and Investment - Non-operating income increased by 51.23% due to higher government subsidies recognized in the current period[12] - The company reported an investment income of CNY 12,031,759.51, compared to CNY 10,331,055.46 in the previous year[26] - Other income increased to ¥9,334,835.46 in Q1 2023 from ¥3,248,611.91 in Q1 2022, reflecting a significant growth[47] Engineering Contracts - The company signed engineering contracts totaling CNY 2.45 billion in Q1 2023, a year-on-year increase of 14.33%[36] - The number of engineering contracts on hand reached CNY 19.01 billion at the end of the period, excluding operational contracts[36]