LJRB(SH:600853)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 1,706,412,840.10, representing a year-on-year increase of 29.40%[6] - The net profit attributable to shareholders for the same period was CNY 4,317,911.75, reflecting a significant increase of 68.72% compared to the previous year[6] - The basic earnings per share (EPS) was CNY 0.0043, which is an increase of 70.18% year-on-year[6] - Net profit for Q1 2022 reached CNY 8,245,665.37, a significant increase from CNY 728,914.17 in Q1 2021, representing a growth of 1,030.5%[21] - Total comprehensive income for Q1 2022 was CNY 3,787,815.06, compared to CNY 889,482.37 in Q1 2021, an increase of 326.5%[22] - The company reported a significant increase in prepayments to approximately ¥1.14 billion from ¥413.44 million year-over-year[16] - The company’s total profit for Q1 2022 was CNY 11,234,607.04, a decrease of 71.8% from CNY 39,919,183.45 in Q1 2021[30] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 27,463,338,925.21, showing a growth of 3.17% from the end of the previous year[7] - The total liabilities as of Q1 2022 amounted to CNY 23,397,529,667.09, compared to CNY 22,588,252,753.81 in Q1 2021, reflecting an increase of 3.6%[20] - The total assets as of March 31, 2022, amounted to CNY 17,053,282,294.75, slightly up from CNY 17,040,618,068.30 at the end of 2021[27] - The total liabilities as of March 31, 2022, were CNY 15,333,454,302.10, slightly up from CNY 15,332,004,555.92 at the end of 2021[27] - The company's accounts receivable increased by 2,199.33% compared to the end of the previous year, primarily due to an increase in received bills from subsidiaries[9] - The company reported a decrease in credit impairment losses to CNY -12,543,350.28 in Q1 2022 from CNY -22,534,663.51 in Q1 2021, indicating an improvement in asset quality[21] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -2,390,123,467.64, which is not applicable for year-on-year comparison[6] - Cash inflow from operating activities was CNY 2,417,133,813.87 in Q1 2022, up from CNY 1,884,344,907.46 in Q1 2021, indicating a growth of 28.3%[23] - The net cash flow from financing activities was CNY 924,337,918.29, up from CNY 725,613,640.45 in the previous year[32] - The company’s cash outflow from investment activities was -CNY 112,422,673.98, compared to -CNY 10,350,000.86 in the same period last year[24] - The total cash outflow for operating activities was CNY 3,689,211,553.79, which increased from CNY 2,247,234,402.78 in the same quarter last year[31] Research and Development - The company's research and development expenses surged by 558.53% compared to the same period last year, indicating increased investment in technology and process development[9] - Research and development expenses increased to CNY 21,265,095.32 in Q1 2022, up from CNY 3,229,192.52 in Q1 2021, marking a rise of 559.5%[20] - Research and development expenses increased to CNY 5,570,611.37 in Q1 2022, up from CNY 1,939,696.11 in Q1 2021, indicating a focus on innovation[29] Shareholder Information - The total number of common shareholders at the end of the reporting period is 71,646[12] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 446,690,030 shares, accounting for 44.01% of total shares[13] Operating Expenses - The company experienced a 611.18% increase in other operating expenses, mainly due to penalties imposed by government authorities[10] - The total operating costs for Q1 2022 were CNY 1,685,865,845.86, an increase of 30.0% from CNY 1,296,525,484.92 in Q1 2021[20] - The financial expenses for Q1 2022 were CNY 53,002,159.01, significantly higher than CNY 22,939,999.52 in Q1 2021, with interest expenses rising to CNY 76,219,093.79[29]