Lafang(SH:603630)2022-04-27 16:00Financial Performance - The company's revenue for Q1 2022 was ¥200,575,406.42, representing a decrease of 18.14% compared to the same period last year[6] - The net profit attributable to shareholders was a loss of ¥2,556,724.71, a decline of 115.26% year-over-year[6] - The net profit after deducting non-recurring gains and losses was a loss of ¥2,789,625.33, down 117.10% from the previous year[7] - The company's operating profit for Q1 2022 was -¥4,060,728.24, a stark contrast to the operating profit of ¥20,263,887.25 in Q1 2021[22] - Net profit for Q1 2022 was a loss of ¥3,903,292.36, compared to a profit of ¥16,543,144.96 in Q1 2021, representing a significant decline[22] - The total comprehensive income for Q1 2022 was a loss of CNY 380,711.93, compared to a comprehensive income of CNY 16,400,974.78 in Q1 2021[29] Cash Flow - The net cash flow from operating activities was negative at ¥12,098,504.55, an increase in outflow of 501.63% compared to the previous year[7] - The net cash flow from operating activities for Q1 2022 was a negative CNY 14,296,386.58, compared to a negative CNY 2,186,493.84 in Q1 2021, indicating worsening cash flow[30] - The company's operating cash inflow was CNY 268,615,578.78, a decrease of 15.3% from CNY 317,249,239.69 in Q1 2021[24] - The total cash outflow from investment activities was CNY 152,519,270.30, significantly down from CNY 328,290,271.11 in Q1 2021, reflecting a reduction in investment spending[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,072,152,103.92, a decrease of 0.78% from the end of the previous year[7] - Total current assets as of March 31, 2022, amount to RMB 1,472,522,697.62, a slight decrease from RMB 1,495,378,596.35 at the end of 2021[17] - Total liabilities decreased to ¥177,419,757.84 in Q1 2022 from ¥189,131,311.86 in Q1 2021, reflecting improved financial management[19] - The company's current liabilities decreased to CNY 400,132,058.36 from CNY 404,739,555.30 in the previous year[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 19,048[11] - The largest shareholder, Wu Guoqian, holds 69,503,831 shares, accounting for 30.68% of total shares[11] - The second largest shareholder, Wanda International (Australia) Ltd., holds 47,938,527 shares, representing 21.16%[11] Research and Development - The company's R&D expenses increased to ¥8,522,750.62 in Q1 2022, up from ¥7,065,452.50 in Q1 2021, indicating a focus on innovation[22] - Research and development expenses increased to CNY 8,522,750.62 in Q1 2022, up 20.7% from CNY 7,065,452.50 in Q1 2021[28] Inventory and Impairment - The company experienced a 94.69% increase in asset impairment losses, primarily due to increased provisions for inventory write-downs[9] - The company's inventory increased slightly to CNY 158,636,947.30 from CNY 155,827,632.45 year-over-year, indicating stable inventory management[26] - The company reported a significant increase in credit impairment losses of ¥2,750,007.47 in Q1 2022, compared to a reversal of -¥1,604,520.63 in Q1 2021[22] Future Plans - The company has announced plans for future capital reduction and share repurchase, with specific details disclosed in various announcements[14] - The company is actively monitoring shareholder relationships and potential actions regarding shareholding structures[13]