Lafang(SH:603630)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥193,950,189.45, representing a decrease of 3.30% compared to the same period last year[6]. - Total operating revenue for Q1 2023 was ¥193,950,189.45, a decrease of 3.1% from ¥200,575,406.42 in Q1 2022[18]. - Net profit for Q1 2023 was ¥34,896,444.19, compared to a net loss of ¥3,903,292.36 in Q1 2022, marking a significant turnaround[19]. - The net profit attributable to shareholders was ¥36,384,319.01, with a basic earnings per share of ¥0.16, reflecting a significant increase of 1,700.00%[7]. - Earnings per share for Q1 2023 was ¥0.16, compared to a loss of ¥0.01 per share in Q1 2022[19]. - The total comprehensive income for Q1 2023 was ¥34,896,444.19, a significant improvement from a loss of ¥3,903,292.36 in Q1 2022[19]. Cash Flow - The net cash flow from operating activities was ¥64,909,334.66, indicating a positive cash flow situation[7]. - In Q1 2023, the net cash flow from operating activities was ¥64,909,334.66, a significant improvement compared to a net cash outflow of ¥12,098,504.55 in Q1 2022[23]. - Total cash inflow from operating activities was ¥266,749,776.04, while cash outflow was ¥201,840,441.38, resulting in a net cash flow from operations of ¥64,909,334.66[23]. - Cash received from sales and services was ¥260,088,859.26, slightly down from ¥263,182,221.32 in the same quarter last year[23]. - The company reported a net cash outflow from investing activities of ¥186,048,641.72, compared to a net outflow of ¥139,339,636.97 in Q1 2022[24]. - The net cash flow from financing activities was -¥611,083.60, compared to -¥448,735.00 in Q1 2022[24]. - The ending balance of cash and cash equivalents was ¥1,027,121,498.69, down from ¥1,148,942,180.94 at the beginning of the quarter[24]. - The company experienced a foreign exchange impact on cash and cash equivalents of -¥70,291.59 in Q1 2023[24]. - Cash received from investment income was ¥144,340.27, an increase from ¥105,156.80 in the same quarter last year[24]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,232,723,402.00, an increase of 3.28% from the end of the previous year[7]. - The total assets increased to ¥2,232,723,402.00 in Q1 2023 from ¥2,161,849,768.53 in Q1 2022, reflecting a growth of 3.3%[16]. - Current assets totaled CNY 1,554,970,806.35, an increase from CNY 1,486,279,125.86, reflecting a growth of about 4.6%[14]. - The total liabilities increased to ¥235,868,464.87 in Q1 2023 from ¥199,891,275.59 in Q1 2022, reflecting a growth of 18%[16]. - The company reported a significant increase in contract liabilities by 88.09%, primarily due to an increase in advance payments received[8]. - The company reported a significant increase in contract liabilities, rising to CNY 94,242,105.81 from CNY 50,104,355.46, an increase of approximately 87.9%[14]. Shareholder Information - The company’s equity attributable to shareholders increased by 1.88% to ¥1,970,392,731.42 compared to the end of the previous year[7]. - Total equity attributable to shareholders rose to ¥1,970,392,731.42 in Q1 2023 from ¥1,934,008,412.41 in Q1 2022, an increase of 1.9%[16]. - The total number of ordinary shareholders at the end of the reporting period was 22,152[9]. Investments and Expenses - The company experienced a 75.37% increase in construction in progress, attributed to investments in factory renovation projects[8]. - Research and development expenses for Q1 2023 were ¥7,414,180.23, down from ¥8,522,750.62 in Q1 2022, indicating a reduction of 13%[18]. - The company reported a credit impairment loss of ¥9,143,326.30 in Q1 2023, compared to ¥2,750,007.47 in Q1 2022, an increase of 231%[18]. - The company reported a 167.75% increase in other income, mainly due to an increase in government subsidies related to daily operations[8]. Future Outlook - The company has announced plans to terminate the "Marketing Network Construction Project" and will permanently supplement remaining raised funds into working capital[11]. - The company has not disclosed any significant new product developments or technological advancements in this quarter[11]. - The company has provided no specific guidance for future performance or market expansion strategies in the current report[11].