Lanpec(SH:601798)2021-04-19 16:00Financial Performance - Operating revenue for the current period was CNY 71,117,546.25, representing a decrease of 58.29% year-on-year [5]. - Net profit attributable to shareholders of the listed company was a loss of CNY 20,236,199.89, a decline of 230.53% compared to the same period last year [5]. - Basic and diluted earnings per share were both CNY -0.057, a decrease of 229.55% year-on-year [5]. - Revenue decreased by 58.29% to ¥71,117,546.25, primarily due to fewer completed product deliveries [13]. - Net profit fell by 260.65% to -¥22,135,843.87, mainly due to a decline in sales revenue and reduced product gross margin [16]. - Total operating revenue for Q1 2021 was ¥71,117,546.25, a decrease of 58.3% compared to ¥170,513,699.00 in Q1 2020 [30]. - Net loss for Q1 2021 was ¥22,135,843.87, compared to a net profit of ¥13,778,524.82 in Q1 2020, representing a significant decline [31]. - Total profit for Q1 2021 was -¥22,583,096.41, compared to a profit of ¥14,050,323.48 in Q1 2020 [31]. Cash Flow - The net cash flow from operating activities improved to a loss of CNY 12,232,573.10, compared to a loss of CNY 31,346,854.45 in the previous year [5]. - Cash inflow from financing activities totaled 103,050,000.00, compared to 142,500,000.00 in the previous year, reflecting a decrease of approximately 27.7% [36]. - The net cash flow from financing activities was 8,396,411.40, down from 14,088,995.83 year-over-year [36]. - Total cash inflow from operating activities was 289,995,358.80, while cash outflow was 302,227,931.90, resulting in a net cash flow of -12,232,573.10 [35]. - The company reported a cash flow from investment activities of -677,694.46, compared to a positive cash flow of 1,625,736.07 in the previous year [35]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 3,084,585,465.30, an increase of 0.75% compared to the end of the previous year [5]. - Current liabilities rose to CNY 1,252,698,797.29, up from CNY 1,217,056,119.52, indicating an increase of 2.93% [24]. - Total liabilities reached CNY 1,311,926,372.01, compared to CNY 1,279,409,417.97, reflecting an increase of 2.54% [25]. - Shareholders' equity decreased slightly to CNY 1,772,659,093.29 from CNY 1,782,333,510.09, a decline of 0.41% [25]. - The company’s retained earnings decreased to CNY 348,871,216.79 from CNY 369,107,416.68, a decline of 5.49% [25]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,627 [9]. - The largest shareholder, China Energy Engineering Group Co., Ltd., held 51.00% of the shares, amounting to 180,809,381 shares, which are frozen [10]. Operational Efficiency and Market Strategy - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance [6]. - R&D expenses surged by 224% to ¥10,273,849.35, driven by market expansion and increased order volume [19]. - Inventory increased by 28.08% to ¥497,907,265.55, attributed to more contracts being executed and an increase in products [11]. - Contract liabilities rose by 45.22% to ¥286,660,031.50, due to an increase in advance payments and progress payments from more orders [12].