Shanghai Lonyer(SH:603003)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,799,525,401.87, representing a decrease of 18.26% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 29,048,608.33, an increase of 29.69% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 40.39% to CNY 12,068,415.05[4]. - The company's net profit for the period was reported as CNY 15,074,212.81, compared to a loss of CNY 13,974,395.52 in the previous period, indicating a turnaround in profitability[16]. - Total operating revenue for Q1 2023 was ¥1,799,525,401.87, a decrease of 18.3% compared to ¥2,201,636,694.89 in Q1 2022[17]. - Net profit for Q1 2023 was ¥31,002,597.21, an increase of 26.6% from ¥24,443,053.16 in Q1 2022[19]. - The total comprehensive income for Q1 2023 was ¥27,955,639.83, compared to ¥23,336,574.55 in Q1 2022, showing an increase of 19.5%[19]. - The company’s total comprehensive income for Q1 2023 was a loss of ¥11,924,858.54, compared to a gain of ¥36,929,488.76 in Q1 2022[30]. Cash Flow and Investments - The net cash flow from operating activities was CNY 60,886,190.18, down 40.39% compared to the previous year[4]. - The net cash flow from investing activities was -252,853,412.48 RMB, compared to a positive cash flow of 227,797,863.93 RMB in the previous period, indicating a significant decrease in investment returns[23]. - The company reported a decrease in cash received from investment activities to ¥220,350,000.00 from ¥360,500,000.00 in Q1 2022, indicating a reduction in investment returns[21]. - The company reported a net cash outflow from investing activities of ¥241,952,892.99 in Q1 2023, compared to a net inflow of ¥218,192,061.24 in Q1 2022[31]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,693,844,830.90, an increase of 5.56% from the end of the previous year[5]. - The company's current assets totaled CNY 2,703,430,942.93, up from CNY 2,529,565,963.66, indicating an increase of about 6.87%[15]. - The company's total liabilities increased to CNY 1,046,344,928.60 from CNY 827,098,216.29, marking an increase of approximately 26.5%[16]. - The total liabilities increased to 1,315,082,255.86 RMB, up from 1,104,722,648.00 RMB, indicating a rise of about 19.06%[27]. - The company's total equity decreased to 3,786,526,500.74 RMB from 3,798,451,359.28 RMB, reflecting a decline of approximately 0.43%[27]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,013[10]. - The largest shareholder, Shanghai Longyu Holdings Co., Ltd., held 29.11% of the shares[10]. Operational Metrics - The weighted average return on equity increased by 0.17 percentage points to 0.80%[4]. - The basic earnings per share for the period was CNY 0.0748, reflecting a year-on-year increase of 29.64%[4]. - The company plans to focus on market expansion and new product development in the upcoming quarters to enhance growth prospects[12]. - The company experienced a credit impairment loss of ¥16,041,093.99 in Q1 2023, compared to ¥1,672,000.00 in Q1 2022, indicating increased credit risk[19]. Cost Management - The company reported a decrease in research and development expenses to ¥4,474,008.30 from ¥4,120,866.83, reflecting a focus on cost management[17]. - Total operating costs for Q1 2023 were ¥1,777,512,267.76, down 18.3% from ¥2,176,209,106.40 in Q1 2022[17]. - Total operating expenses for Q1 2023 were ¥661,734,618.13, compared to ¥1,426,614,885.74 in Q1 2022, reflecting a reduction of 53.7%[29]. - The company incurred financial expenses of -¥375,169.54 in Q1 2023, a decrease from -¥2,606,204.66 in Q1 2022[29].