LSGC(SH:600738)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥219,970,984, representing a year-on-year increase of 30.98%[3] - Net profit attributable to shareholders reached ¥229,922,112.93, a significant increase of 422.59% compared to the same period last year[3] - The basic earnings per share increased to ¥0.306, reflecting a growth of 437.12%[3] - The net profit for Q1 2022 was CNY 229,633,350.92, compared to CNY 43,996,908.13 in Q1 2021, representing a significant increase[19] - The total comprehensive income for Q1 2022 was CNY 229,633,350.92, compared to CNY 43,996,908.13 in Q1 2021, indicating a strong performance[20] - The company's net profit for Q1 2022 was CNY 201,316,922.00, a significant recovery from a net loss of CNY 441,787.82 in Q1 2021[30] Operating Costs and Expenses - Total operating costs for Q1 2022 were 179.75 million RMB, compared to 102.54 million RMB in Q1 2021, indicating a significant increase in costs[18] - The company incurred total operating expenses of CNY 378,893,053.83 in Q1 2022, compared to CNY 289,712,459.88 in Q1 2021, marking an increase of approximately 30.8%[24] - The company's total operating expenses in Q1 2022 were CNY 832,504.41, slightly up from CNY 830,876.59 in Q1 2021, indicating stable operational costs[29] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥33,341,598.37, a decline of 185.29% year-on-year[3] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 268,022,211.69, a decrease from CNY 550,920,262.78 at the end of Q1 2021[25] - Operating cash flow for Q1 2022 was negative at CNY -765,009.23, compared to CNY -685,230.10 in Q1 2021, indicating continued cash flow challenges[32] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,863,983,951.33, up 9.95% from the end of the previous year[4] - The company's total liabilities amounted to approximately 1.79 billion RMB as of March 31, 2022, compared to 1.67 billion RMB at the end of 2021[16] - The total liabilities amounted to CNY 885,267,100.54 in Q1 2022, slightly down from CNY 885,313,344.87 in Q1 2021[28] Equity and Shareholder Information - The total equity attributable to shareholders increased by 12.50% to ¥2,069,509,713.25 compared to the end of the previous year[4] - The company's equity attributable to shareholders was approximately 2.07 billion RMB as of March 31, 2022, compared to 1.84 billion RMB at the end of 2021[17] - The company's equity increased to CNY 2,015,873,726.73 in Q1 2022, compared to CNY 1,814,556,804.73 in Q1 2021, reflecting a growth of approximately 11.1%[28] Non-Recurring Gains and Other Income - The company reported a non-recurring gain of ¥203,155,181.63, primarily from fair value changes of financial assets[5] - The company provided rent reductions and exemptions totaling 20.46 million RMB in Hangzhou and 6.67 million RMB in Nanjing to support small and micro businesses, resulting in a net profit growth of 22.25% after excluding non-recurring gains and losses[12] - The company reported other income of CNY 3,576.54 in Q1 2022, a decrease from CNY 391,201.43 in Q1 2021, indicating a decline in additional revenue sources[30] Investment and Financing Activities - Investment activities resulted in a net cash outflow of CNY -11,669,492.42, an improvement from CNY -53,121,477.20 in the same period last year[24] - The company raised CNY 270,200,000.00 through borrowings in Q1 2022, contributing to a net cash inflow from financing activities of CNY 183,971,692.85[25] Market and Business Performance - The company's new retail business achieved a significant revenue of 69.76 million RMB, with cross-border business contributing 50.49 million RMB and domestic supply chain business contributing 19.27 million RMB[12]