乐惠国际(603076) - 2022 Q1 - 季度财报

Financial Performance - The company's operating revenue for Q1 2022 was CNY 290,337,002.29, representing a year-on-year increase of 31.57%[3] - The net profit attributable to shareholders decreased by 49.94% to CNY 18,718,706.40 compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 68.82% to CNY 10,260,201.16[3] - The basic earnings per share decreased by 60.47% to CNY 0.17[3] - Total operating revenue for Q1 2022 was ¥290,337,002.29, a 31.5% increase from ¥220,670,530.66 in Q1 2021[17] - Net profit for Q1 2022 was ¥18,549,518.95, a decrease of 50.4% compared to ¥37,393,872.00 in Q1 2021[18] - Basic earnings per share for Q1 2022 was ¥0.17, down from ¥0.43 in Q1 2021[18] Cash Flow and Assets - The company reported a net cash flow from operating activities of -CNY 68,610,944.00, indicating a negative cash flow situation[3] - Cash flow from operating activities for Q1 2022 was negative at -¥68,610,944.00, slightly improved from -¥69,043,233.28 in Q1 2021[19] - Cash flow from investing activities for Q1 2022 was negative at -¥61,773,849.20, compared to -¥54,554,071.05 in Q1 2021[21] - Cash flow from financing activities for Q1 2022 was positive at ¥9,018,776.08, a significant decrease from ¥472,895,367.14 in Q1 2021[21] - The ending cash and cash equivalents balance for Q1 2022 was ¥428,693,184.04, down from ¥550,411,259.95 in Q1 2021[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,065,786,425.95, an increase of 9.57% from the end of the previous year[4] - The company's current assets totaled RMB 2,590,547,865.58, up from RMB 2,289,211,403.81, indicating an increase of about 13.2% year-over-year[13] - The total liabilities increased to RMB 1,751,543,998.77 from RMB 1,507,113,075.45, which is an increase of about 16.2%[15] - The company's equity attributable to shareholders reached RMB 1,311,123,614.61, up from RMB 1,291,017,613.62, showing a growth of approximately 1.6%[15] Inventory and Receivables - The company reported a total inventory of RMB 1,189,838,976.91, which is an increase from RMB 1,099,801,015.62, reflecting a growth of about 8.2%[13] - The company's accounts receivable rose significantly to RMB 275,885,556.90, compared to RMB 171,371,561.94, marking an increase of around 60.9%[13] Costs and Expenses - Total operating costs for Q1 2022 were ¥273,032,969.26, up 50.8% from ¥180,911,850.32 in Q1 2021[17] - Research and development expenses for Q1 2022 were ¥7,827,701.68, an increase of 33.5% from ¥5,859,537.37 in Q1 2021[17] - Sales expenses for Q1 2022 were ¥14,720,034.14, significantly higher than ¥5,055,297.02 in Q1 2021, indicating increased investment in sales efforts[17] Market and Strategic Focus - The increase in operating revenue was primarily driven by the advancement and acceptance of overseas projects[6] - The decline in net profit was attributed to rising raw material prices, increased shipping costs, and higher overseas construction costs[6] - The company has ongoing investments in new technologies and products, although specific details were not disclosed in the report[12] - The company is focusing on market expansion strategies, but further specifics on these strategies were not provided in the available documents[12] Regulatory and Reporting Changes - The company announced the implementation of new accounting standards starting from 2022, affecting the financial statements from the beginning of the year[22] - The board of directors of Ningbo Lehui International Engineering Equipment Co., Ltd. issued the report on April 29, 2022[22] - The report indicates that it is not applicable to the first quarter of 2022[22] - Future outlook and performance guidance are not detailed in the report[22] - No information on new product or technology development is included[22] - Market expansion and acquisition strategies are not mentioned in the document[22] - Other new strategies are not discussed in the report[22] - The document consists of a formal announcement without detailed financial data[22] - The report concludes with a note on the applicability of the new accounting standards[22]