LYCG(SH:600491)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 3,281,928,934.33, a decrease of 33.24% compared to the same period last year[3]. - The net profit attributable to shareholders was CNY 82,576,458.83, down 51.57% year-on-year[3]. - The basic earnings per share were CNY 0.05, reflecting a decline of 54.55% compared to the previous year[3]. - The total operating costs for Q1 2023 were ¥3,152,328,878.97, down from ¥4,581,118,989.00 in Q1 2022, indicating a reduction of about 31.1%[17]. - The total comprehensive income for Q1 2023 was ¥61,019,405.83, compared to ¥184,972,359.86 in Q1 2022, showing a decrease of about 67.0%[18]. - The total operating profit for Q1 2023 was ¥79,016,860.84, a decrease from ¥287,106,072.96 in Q1 2022, reflecting a decline of about 72.5%[17]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 64,108,103,529.02, a decrease of 3.82% from the end of the previous year[4]. - Total current assets decreased to CNY 48,163,167,815.03 from CNY 50,623,714,157.79 at the end of 2022, a decline of approximately 4.9%[13]. - Total liabilities decreased to CNY 50,613,109,041.63 from CNY 53,219,062,635.97, a reduction of about 5.3%[15]. - Non-current liabilities increased slightly to CNY 18,538,293,778.65 from CNY 18,378,081,399.74, an increase of approximately 0.9%[15]. - The company's total assets decreased to CNY 64,108,103,529.02 from CNY 66,651,579,435.74, a decline of about 3.8%[14]. - The company's equity attributable to shareholders increased to CNY 12,372,247,786.99 from CNY 12,282,985,406.38, an increase of approximately 0.7%[15]. Cash Flow - The net cash flow from operating activities was CNY 82,103,082.26, not applicable for year-on-year comparison[3]. - The net cash flow from operating activities for Q1 2023 was ¥82,103,082.26, a significant improvement from a negative cash flow of ¥1,079,805,693.65 in Q1 2022[21]. - The net cash flow from financing activities was -$540.93 million, compared to $382.19 million in the previous year, indicating a significant decline[22]. - The total cash and cash equivalents at the end of the period decreased to $1.28 billion from $1.39 billion, reflecting a net decrease of $191.83 million[22]. - Cash outflows from financing activities totaled $2.20 billion, up from $1.71 billion in the same period last year[22]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 47,784[9]. - The largest shareholder, Lai Zhenyuan, holds 337,295,952 shares, accounting for 22.05% of the total shares[9]. Inventory and Prepayments - The company reported a 35.63% increase in prepayments, primarily due to an increase in advance payments for materials[7]. - The company reported a significant increase in inventory, rising to CNY 67,124,903.48 from CNY 32,657,341.61, an increase of approximately 105.5%[13]. Research and Development - Research and development expenses increased to ¥34,031,523.83 in Q1 2023, compared to ¥23,738,236.07 in Q1 2022, reflecting a growth of approximately 43.4%[17]. Financial Expenses - The financial expenses for Q1 2023 were ¥388,398,286.14, compared to ¥352,478,429.81 in Q1 2022, indicating an increase of approximately 10.2%[17]. Sales Revenue - The company reported a decrease in sales revenue from cash received for goods sold and services provided, totaling ¥4,153,192,179.08 in Q1 2023, slightly down from ¥4,158,477,685.57 in Q1 2022[20].