Lanpec(SH:601798)2022-04-18 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥66,780,013.28, representing a decrease of 6.1% compared to the same period last year[5]. - Total operating revenue for Q1 2022 was ¥66,780,013.28, a decrease of 6.3% compared to ¥71,117,546.25 in Q1 2021[19]. - Total operating costs increased to ¥101,442,251.60 in Q1 2022, up 10.8% from ¥91,588,191.12 in Q1 2021[19]. - Net loss for Q1 2022 was ¥28,002,475.49, compared to a net loss of ¥22,135,843.87 in Q1 2021, representing a decline of 26.5%[20]. - Basic and diluted earnings per share for Q1 2022 were both -¥0.079, compared to -¥0.057 in Q1 2021[21]. - The company reported a credit impairment loss of ¥3,264,180.71 in Q1 2022, compared to a loss of -¥2,775,179.63 in Q1 2021[20]. - Other income increased to ¥4,311,756.10 in Q1 2022 from ¥3,884,028.01 in Q1 2021, reflecting a growth of 11.0%[20]. Cash Flow - The net cash flow from operating activities was -¥1,634,799.90, indicating cash outflow during the period[5]. - Cash inflow from operating activities was ¥256,149,475.67 in Q1 2022, down 11.7% from ¥289,995,358.80 in Q1 2021[24]. - The net cash flow from operating activities was -$1,634,799.90, a decrease from -$12,232,573.10 in the previous year[25]. - Total cash outflow from operating activities amounted to $257,784,275.57, compared to $302,227,931.90 in the same quarter last year[25]. - Cash inflow from financing activities was $115,000,000.00, an increase from $103,050,000.00 year-over-year[26]. - The net cash flow from financing activities was -$4,994,615.28, a decline from $8,396,411.40 in the previous year[26]. - The cash and cash equivalents at the end of the period were $141,054,685.56, down from $183,716,088.28 year-over-year[26]. - The company incurred cash payments of $116,000,000.00 for debt repayment, compared to $90,100,000.00 in the previous year[26]. - Cash payments to employees were $71,309,974.31, a decrease from $76,681,632.06 in the same quarter last year[25]. - The company reported a cash outflow of $40,144,061.60 related to other operating activities, an increase from $30,808,118.61 year-over-year[25]. - The impact of exchange rate changes on cash and cash equivalents was -$633,787.02, compared to $829,775.48 in the previous year[26]. - The company made capital expenditures of $207,309.00, significantly lower than $677,694.46 in the same quarter last year[25]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,877,520,018.08, a decrease of 1.73% from the end of the previous year[6]. - Total current assets as of March 31, 2022, amounted to CNY 1,810,804,444.29, a decrease from CNY 1,844,601,968.29 at the end of 2021, reflecting a decline of approximately 1.83%[16]. - Cash and cash equivalents were reported at CNY 220,106,427.86, slightly down from CNY 221,242,489.97, indicating a decrease of about 0.51%[16]. - Accounts receivable decreased to CNY 642,526,990.53 from CNY 721,272,891.42, representing a decline of approximately 10.92%[16]. - Inventory increased to CNY 553,632,243.92 from CNY 499,881,204.00, showing an increase of about 10.76%[16]. - Total non-current assets were reported at CNY 1,066,715,573.79, a decrease from CNY 1,083,619,944.27, indicating a decline of about 1.56%[17]. - Total liabilities decreased to ¥1,287,664,940.22 in Q1 2022 from ¥1,310,604,297.29 in Q1 2021, a reduction of 1.7%[19]. - Total equity attributable to shareholders was ¥1,579,174,524.67 in Q1 2022, down from ¥1,606,901,967.74 in Q1 2021, a decrease of 1.7%[19]. - The company reported a significant increase in contract liabilities to CNY 263,290,713.82 from CNY 227,929,886.69, representing an increase of approximately 15.56%[17]. Shareholder Information - The company had a total of 30,096 common shareholders at the end of the reporting period[13]. Operational Insights - The company's prepayments increased by 74.75% due to undelivered goods from current purchases[10]. - The company's other receivables rose by 48.33% due to increased bid guarantee payments[10]. - The company reported a significant decrease of 84.95% in employee compensation payable, influenced by the distribution of bonuses from the previous year[10]. - The company experienced a 100% decrease in cash received from financing activities, primarily due to the repayment of loans[11]. - The company has not provided any updates on new product developments or market expansion strategies in the current report[15]. - Research and development expenses for Q1 2022 were ¥10,697,708.77, slightly up from ¥10,273,849.35 in Q1 2021[19].