Lianming(SH:603006)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 233.42 million, a decrease of 9.73% compared to CNY 258.58 million in the same period last year[5]. - The net profit attributable to shareholders was CNY 16.23 million, down 45.26% from CNY 29.64 million year-on-year[5]. - Basic and diluted earnings per share were both CNY 0.06, a decline of 50.00% from CNY 0.12 in the same period last year[5]. - Operating profit for Q1 2022 was CNY 23,574,790.02, a decline of 42.5% from CNY 41,043,726.45 in Q1 2021[21]. - Net profit for Q1 2022 was CNY 17,557,774.96, compared to CNY 30,630,582.97 in Q1 2021, indicating a decrease of 42.7%[21]. - The net profit for Q1 2022 was approximately ¥17.56 million, a decrease of 42.7% compared to ¥30.63 million in Q1 2021[22]. - The net profit attributable to shareholders of the parent company was ¥16.23 million, down 45.0% from ¥29.64 million in the same period last year[22]. - The company reported a financial expense of CNY -1,149,567.32 in Q1 2022, compared to CNY 184,845.46 in Q1 2021, indicating a significant improvement in financial management[21]. Cash Flow - The net cash flow from operating activities decreased by 50.40% to CNY 54.21 million, compared to CNY 109.29 million in the previous year[5]. - Cash inflows from operating activities totaled approximately ¥355.40 million, an increase of 8.5% from ¥327.60 million in Q1 2021[25]. - Cash outflows from operating activities were approximately ¥301.20 million, up 37.9% from ¥218.31 million in the previous year[25]. - The net cash flow from operating activities was approximately ¥54.21 million, a decrease of 50.5% compared to ¥109.29 million in Q1 2021[25]. - The company reported a net cash outflow from investing activities of approximately ¥48.93 million, worsening from a net outflow of ¥22.56 million in the same quarter last year[26]. - The cash and cash equivalents at the end of the period were approximately ¥309.39 million, an increase from ¥87.67 million at the end of Q1 2021[26]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2.20 billion, a decrease of 3.10% from CNY 2.27 billion at the end of the previous year[5]. - Total assets as of March 31, 2022, were CNY 2,200,319,415.81, down from CNY 2,270,613,957.73 at the end of 2021[18]. - Total liabilities decreased to CNY 518,274,167.81 in Q1 2022 from CNY 606,126,484.69 in Q1 2021, a reduction of 14.5%[18]. - Current assets totaled CNY 1,215,050,563.70 as of March 31, 2022, down from CNY 1,284,798,981.68 at the end of 2021[16]. - Cash and cash equivalents were CNY 351,075,378.12 as of March 31, 2022, slightly up from CNY 350,863,486.57 at the end of 2021[16]. - Inventory increased to CNY 365,386,993.58 in Q1 2022 from CNY 321,375,527.52 at the end of 2021, reflecting a growth of 13.7%[16]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,393[12]. - The largest shareholder, Shanghai Lianming Investment Group Co., Ltd., held 69.92% of the shares, with 63.18 million shares pledged[12]. Operational Challenges - The company experienced a significant reduction in automotive parts revenue due to chip shortages and rising raw material costs[5]. - The company reported a 40.66% decrease in accounts receivable financing, primarily due to a reduction in bank acceptance bills[9]. Accounting Standards - The company has not adopted the new accounting standards for the current year[27]. - The company did not report any net profit from the merged entity under common control for the current or previous periods[23].