LGWH(SH:601599)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥685,047,279.04, representing a decrease of 7.92% compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was ¥34,529,335.35, an increase of 4.50% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 67.21% to ¥27,542,588.99[5] - The total operating profit for Q1 2023 was approximately 47.78 million, slightly down from 47.92 million in Q1 2022, indicating a decrease of about 0.3%[19] - The total profit for Q1 2023 was approximately 47.09 million, slightly higher than 46.68 million in Q1 2022, marking an increase of about 0.9%[19] - The total comprehensive income attributable to shareholders of the parent company was 34.44 million, compared to 34.39 million in Q1 2022, showing a marginal increase of about 0.1%[20] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥398,977,814.78, indicating a significant cash outflow[5] - Cash flow from operating activities showed a net outflow of approximately 398.98 million, worsening from a net outflow of 130.40 million in Q1 2022[21] - Cash inflow from investment activities was 86.01 million, significantly down from 262.79 million in the previous year, representing a decrease of about 67.3%[22] - Cash flow from financing activities generated a net inflow of approximately 137.70 million, compared to 122.72 million in Q1 2022, indicating an increase of about 12.2%[22] - The company's cash and cash equivalents decreased to RMB 998,135,737.03 from RMB 1,181,184,771.78 as of December 31, 2022, representing a decline of 15.5%[13] - The company experienced a decrease in cash and cash equivalents, ending the quarter with approximately 522.87 million, down from 610.70 million at the end of Q1 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,294,002,632.98, up 5.79% from the end of the previous year[5] - The total assets increased to RMB 3,294,002,632.98 from RMB 3,113,599,598.24 at the end of 2022, reflecting a growth of 5.8%[14] - Total liabilities as of March 31, 2023, were RMB 1,935,063,596.27, an increase of 8.1% from RMB 1,789,806,623.35 at the end of 2022[15] - Shareholders' equity attributable to shareholders of the listed company increased by 2.66% to ¥1,328,492,652.91[5] Shareholder Information - The top shareholder, Zhejiang Cultural Industry Investment Group Co., Ltd., holds 23.08% of the shares, totaling 267,817,489 shares[10] Research and Development - Research and development expenses for Q1 2023 were RMB 9,689,719.83, a decrease of 6.3% compared to RMB 10,338,086.72 in Q1 2022[18] Tax and Earnings - The tax expense for the quarter was approximately 11.86 million, compared to 11.45 million in the same period last year, reflecting an increase of about 3.6%[19] - The company reported a basic and diluted earnings per share of 0.03 yuan, consistent with the previous year[20] Government Subsidies - The company received government subsidies amounting to ¥12,711,673.64, which contributed to the net profit increase despite a decrease in non-recurring gains[7] Strategic Developments - The company reported no significant new strategies or product developments during the quarter[12]