LYCG(SH:600491)2022-04-24 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 4,916,087,679.35, a decrease of 2.90% compared to the same period last year[3]. - The net profit attributable to shareholders was CNY 170,502,546.05, down 9.53% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 138,226,316.37, a decline of 21.44% compared to the previous year[3]. - Basic earnings per share were CNY 0.11, reflecting an 8.33% decrease from the previous year[3]. - Total operating revenue for Q1 2022 was CNY 4,916,087,679.35, a decrease of 2.9% compared to CNY 5,062,689,187.29 in Q1 2021[16]. - Total operating costs for Q1 2022 were CNY 4,581,118,989.00, down 5.0% from CNY 4,824,390,817.93 in Q1 2021[16]. - Net profit for Q1 2022 was CNY 181,397,726.53, slightly up from CNY 180,675,178.65 in Q1 2021, representing a growth of 0.4%[17]. - Total comprehensive income for Q1 2022 was CNY 184,972,359.86, slightly down from CNY 184,995,695.22 in Q1 2021[17]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at CNY -1,079,805,693.65, indicating a significant cash outflow[3]. - Cash flow from operating activities in Q1 2022 was negative CNY 1,079,805,693.65, compared to negative CNY 167,703,561.88 in Q1 2021, indicating a significant decline[18]. - The company’s cash inflow from operating activities totaled CNY 6,991,723,918.89 in Q1 2022, compared to CNY 7,799,005,576.16 in Q1 2021, a decrease of 10.3%[18]. - The cash and cash equivalents at the end of the period amounted to approximately $1.39 billion, down from $2.32 billion at the beginning of the period[19]. - The company reported a net increase in cash and cash equivalents of -$768.52 million for the period[19]. - The company paid approximately $1.22 billion in cash for debt repayment during the financing activities[19]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 65,070,478,767.25, down 2.92% from the end of the previous year[3]. - The company's cash and cash equivalents decreased to RMB 2,138,297,772.27 from RMB 2,964,081,159.31, representing a decline of about 27.8%[11]. - Accounts receivable decreased to RMB 3,842,207,830.97 from RMB 4,512,824,341.44, indicating a reduction of approximately 14.8%[12]. - The total liabilities decreased to RMB 51,710,127,820.46 from RMB 53,858,145,266.70, showing a decline of about 4.0%[13]. - The company's inventory increased to RMB 43,684,127.76 from RMB 24,005,092.73, marking an increase of approximately 82.2%[12]. - The company's short-term borrowings decreased to RMB 4,194,558,432.73 from RMB 4,412,911,532.41, a reduction of about 4.9%[13]. - The company's long-term borrowings increased to RMB 18,916,915,247.97 from RMB 17,740,113,711.49, indicating an increase of approximately 6.6%[13]. - The company reported a total of 4,197,491,930.45 in other payables, a slight decrease from 4,325,816,838.50, reflecting a decline of about 3.0%[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 46,149[6]. - The largest shareholder, Lai Zhenyuan, holds 27.06% of the shares, amounting to 413,895,952 shares[7]. - Shareholders' equity attributable to the parent company increased by 1.51% to CNY 12,242,327,165.00[3]. - The company's equity attributable to shareholders increased to RMB 12,242,327,165.00 from RMB 12,059,650,179.85, reflecting an increase of approximately 1.5%[14]. Investment and Financing Activities - The net cash inflow from investment activities was approximately $993.82 million, with cash outflows totaling $1.91 billion, resulting in a net cash flow of -$917.15 million from investment activities[19]. - The net cash inflow from financing activities was approximately $382.19 million, with total cash inflows of $2.09 billion and outflows of $1.71 billion[19]. - The company received $1.96 billion in cash from borrowings during the financing activities[19]. - The cash received from the disposal of subsidiaries and other operating units was approximately $624.11 million[19]. - The cash received from other investment activities was approximately $369.52 million[19]. - The company incurred cash payments of approximately $50 million for investment activities[19]. Expenses - Research and development expenses decreased to CNY 23,738,236.07 in Q1 2022 from CNY 27,799,658.73 in Q1 2021, a reduction of 14.5%[16]. - Financial expenses surged to CNY 352,478,429.81 in Q1 2022, compared to CNY 57,302,226.20 in Q1 2021, reflecting a significant increase[16]. - The company reported investment income of CNY 4,983,890.09 in Q1 2022, down from CNY 81,337,730.25 in Q1 2021, a decline of 93.9%[17]. Exchange Rate Impact - The impact of exchange rate changes on cash and cash equivalents was a decrease of approximately -$158,556.27[19].