Langdi Group(SH:603726)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 361,834,975.57, representing a decrease of 6.40% compared to the same period last year[4]. - The net profit attributable to shareholders was CNY 14,773,250.37, down 32.14% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 11,481,026.23, a decline of 44.63% compared to the previous year[4]. - Basic earnings per share were CNY 0.08, down 33.33% year-on-year[4]. - Net profit for Q1 2023 was CNY 14,220,793.28, a decline of 33.0% from CNY 21,330,649.23 in Q1 2022[16]. - Operating profit for Q1 2023 was CNY 18,864,851.76, down 23.9% from CNY 24,767,035.11 in Q1 2022[16]. - The weighted average return on equity was 1.26%, a decrease of 0.72 percentage points compared to the previous year[4]. Cash Flow - The net cash flow from operating activities was CNY 5,221,508.27, reflecting a decrease of 35.75% from the same period last year[4]. - The net cash flow from operating activities decreased to $5,221,508.27 in Q1 2023 from $8,127,206.22 in Q1 2022, reflecting a decline of about 35.5%[20]. - Cash outflow for purchasing goods and services was $234,052,130.18, down from $239,613,915.70 in the previous year, indicating a decrease of approximately 2.3%[20]. - The net cash flow from investing activities was -$4,963,743.06 in Q1 2023, worsening from -$2,295,925.62 in Q1 2022[21]. - The net cash flow from financing activities was -$5,896,359.99 in Q1 2023, compared to a positive $14,421,233.62 in Q1 2022, indicating a significant decline[21]. - The ending cash and cash equivalents balance was $116,946,182.72, down from $139,507,705.78 in the previous year, a decrease of approximately 16.1%[21]. - The company reported a cash inflow from other operating activities of $3,824,972.59, which increased from $1,344,447.07 in Q1 2022, representing a growth of about 184.5%[20]. - The company’s cash outflow for employee compensation was $59,418,141.99, down from $64,801,042.01 in Q1 2022, reflecting a decrease of approximately 8.5%[20]. Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 2,070,386,852.07, a decrease of 3.41% from the end of the previous year[5]. - Total liabilities for Q1 2023 were CNY 886,527,836.82, down from CNY 973,794,650.43 in Q1 2022[12]. - Non-current liabilities totaled CNY 54,417,431.75 in Q1 2023, a slight decrease from CNY 55,995,891.38 in Q1 2022[12]. - Shareholders' equity increased to CNY 1,183,859,015.25 in Q1 2023 from CNY 1,169,638,221.97 in Q1 2022[12]. - The equity attributable to shareholders increased by 1.27% to CNY 1,177,666,506.81 compared to the end of the previous year[5]. Investment Income - The company reported a significant decline in investment income from its associate company, which contributed to the drop in net profit[5]. - The company reported a decrease in investment income, with a loss of CNY 5,152,699.35 in Q1 2023 compared to a gain of CNY 5,398,845.33 in Q1 2022[16]. Product Development and Strategy - The company did not report any new product developments or market expansion strategies during this quarter[9]. Accounting Standards - The company executed a new accounting standard effective January 1, 2023, which had no impact on the financial statements[21].