Luxin Co.,(SH:600783)2023-04-28 16:00Financial Performance - Basic and diluted earnings per share were both 0.12 RMB, an increase of 71.43% compared to the previous period[6] - The weighted average return on equity rose to 2.00%, an increase of 0.83 percentage points from the previous year[6] - Net profit attributable to shareholders of the parent company increased by 85.84%, primarily due to an increase in stock market value and investment income from joint ventures[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 103.03 RMB, reflecting the same 85.84% increase[9] - The total comprehensive income attributable to the parent company was CNY 77,203,248.53, compared to CNY 45,014,970.05 in the same period last year[17] - The net profit attributable to shareholders of the listed company was CNY 91,326,255.32, an increase of 85.84% year-on-year[23] - The net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was CNY 91,214,150.77, up 103.03% compared to the previous year[23] - Net profit for the first quarter of 2023 was ¥92,348,976.60, compared to ¥48,148,633.39 in the same period last year, marking an increase of 92.0%[37] - Operating profit improved to ¥94,592,539.53 from ¥61,533,926.93, showing a growth of 53.7% year-over-year[37] Revenue and Costs - The company reported a decrease in operating revenue of 33.23%, mainly due to a reduction in the sandpaper subsidiary's performance[7] - The company's operating revenue for Q1 2023 was CNY 15,164,539.16, representing a decrease of 33.23% compared to the same period last year[23] - The total revenue for Q1 2023 was CNY 8,522,556.04, a decrease of 6.2% compared to CNY 9,087,000.22 in Q1 2022[43] - Total operating costs increased to ¥67,413,708.39 in Q1 2023 from ¥64,400,241.40 in Q1 2022, representing a rise of 4.7%[50] Cash Flow - The net cash flow from operating activities was -40,855,186.65 RMB, indicating a significant decrease[6] - The net cash flow from operating activities was CNY 11,619,092.17, down from CNY 17,282,373.74 year-on-year[19] - The company reported a net cash outflow from financing activities of CNY -63,113,918.46, compared to CNY -19,997,710.51 in the previous year[19] - Cash inflow from investment activities totaled ¥531,641,923.43 in Q1 2023, up from ¥298,218,368.49 in Q1 2022, marking an increase of 78.3%[54] - Net cash flow from investment activities was ¥63,158,459.14 in Q1 2023, a significant improvement from -¥830,140.75 in Q1 2022[54] - Cash inflow from financing activities was ¥249,641,565.48 in Q1 2023, compared to ¥139,748,043.73 in Q1 2022, reflecting an increase of 78.8%[62] - Net cash flow from financing activities was -¥94,574,884.52 in Q1 2023, an improvement from -¥168,676,206.27 in Q1 2022[62] Assets and Liabilities - Total assets increased by 0.20% to 8,526,148,329.90 RMB compared to the end of the previous year[6] - The total liabilities decreased to 3,863,017,626.67 RMB from 3,924,568,259.01 RMB, indicating a reduction in financial obligations[14] - The total assets decreased to CNY 5,803,407,395.30 from CNY 5,828,276,879.18, reflecting a decline of 0.4%[43] - The total liabilities decreased to CNY 2,960,144,992.60 from CNY 2,982,649,727.74, a reduction of 0.8%[43] - Total equity attributable to shareholders increased to ¥4,613,978,330.98 from ¥4,536,775,082.45, a rise of 1.7%[35] Shareholder Information - The total number of common shareholders at the end of the reporting period was 32,917[9] - The total equity decreased to CNY 2,843,262,402.70 from CNY 2,845,627,151.44, a slight decline of 0.1%[43] Investment Performance - The company reported a significant increase in investment income to ¥27,898,972.72 from a loss of -¥755,562.68, reflecting a turnaround in investment performance[37] - The company reported investment income of CNY 46,337.21, compared to CNY 26,358,983.12 in the previous year[45]