LBC(SH:600727)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,353,892,291.26, representing a year-on-year increase of 45.96%[5]. - The net profit attributable to shareholders decreased by 49.54% to CNY 53,755,774.70, primarily due to rising raw material costs[5][9]. - The basic and diluted earnings per share both fell by 50.00% to CNY 0.10[6][9]. - In Q1 2022, the company's net profit was CNY 86,710,760.51, a decrease of 30.6% compared to CNY 124,802,860.61 in Q1 2021[18]. - The company reported a total comprehensive income of CNY 86,710,760.51, compared to CNY 124,802,860.61 in the previous year, reflecting a decline of 30.6%[19]. - The company reported a total operating profit of CNY 104,108,925.93, down 33.2% from CNY 156,024,106.71 in Q1 2021[18]. Cash Flow - The net cash flow from operating activities decreased by 57.21% to CNY 44,371,524.23, attributed to increased inventory and raw material purchases[5][9]. - The company incurred a net cash outflow from investing activities of CNY 314,747,873.03, compared to a net inflow of CNY 9,328,154.54 in the same period last year[22]. - The cash inflow from financing activities was CNY 414,640,049.35, with a net cash flow of CNY 204,863,847.47, compared to a net outflow of CNY 32,689,197.99 in Q1 2021[23]. - In Q1 2022, the net cash flow from operating activities was -$187.84 million, a significant decline compared to $5.97 million in Q1 2021[31]. - Total cash inflow from operating activities was $237.77 million, while cash outflow was $425.61 million, resulting in a cash flow deficit[31]. - Cash flow from investing activities showed a net outflow of -$84.51 million in Q1 2022, compared to a net inflow of $65.00 million in Q1 2021[32]. Assets and Liabilities - Total assets increased by 17.65% to CNY 7,257,448,900.83, driven by higher intangible assets and inventory[6][9]. - Current assets totaled ¥3,190,908,086.57 as of March 31, 2022, compared to ¥2,346,406,752.70 at the end of 2021, reflecting a growth of 36.0%[14]. - Total liabilities reached ¥3,874,037,470.03, an increase of 34.7% from ¥2,877,017,318.98 in the previous year[15]. - The company's total assets increased to CNY 4,265,299,579.00 as of March 31, 2022, up from CNY 3,628,029,034.80 at the end of 2021, representing a growth of approximately 17.5%[26]. - Total current liabilities increased to CNY 1,360,931,619.39 in Q1 2022, up from CNY 742,182,133.43 in the previous period, indicating an increase of 83.1%[26]. - The total liabilities increased to CNY 1,580,727,479.54 in Q1 2022, compared to CNY 951,871,203.14 in the previous year, representing a growth of 66.0%[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 56,962[10]. - The largest shareholder, Shandong Lubai Enterprise Group, holds 34.24% of the shares, with 73,715,283 shares pledged[10][11]. - The company's equity attributable to shareholders rose by 1.95% to CNY 3,083,610,887.46, reflecting an increase in retained earnings[6][9]. Inventory and Costs - Total operating costs for Q1 2022 were ¥1,252,709,546.40, up 62.0% from ¥773,353,047.66 in Q1 2021[17]. - Inventory increased to ¥946,885,549.77 in Q1 2022, up 53.5% from ¥616,719,411.29 in Q1 2021[14]. - The company's inventory decreased to CNY 137,809,821.49 as of March 31, 2022, down from CNY 151,188,149.75 at the end of 2021, a decline of 8.8%[25]. Other Financial Metrics - The weighted average return on equity decreased by 2.21 percentage points to 1.76% due to declining profits[6][9]. - The company reported non-recurring gains of CNY 382,167.24, with government subsidies contributing CNY 180,038.75[8]. - The company recognized a foreign exchange gain of CNY 763,787.63, compared to a loss of CNY 499,174.08 in the previous year[18]. - Research and development expenses for Q1 2022 were CNY 1,335,302.43, slightly up from CNY 1,216,684.00 in Q1 2021, reflecting a growth of 9.7%[28]. - The company's long-term equity investments remained stable at CNY 1,646,662,015.68 as of March 31, 2022[26].