LONCIN(SH:603766)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥3,503,290,142.43, representing a year-on-year increase of 23.21%[6] - Net profit attributable to shareholders for Q1 2022 was ¥285,195,166.20, reflecting a significant increase of 67.55% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥258,279,801.15, up by 64.56% year-on-year[6] - Basic and diluted earnings per share for Q1 2022 were both ¥0.1389, an increase of 67.55% year-on-year[9] - The weighted average return on equity was 3.78%, an increase of 1.45 percentage points compared to the previous year[9] - The increase in net profit was primarily driven by growth in motorcycle and general machinery business revenues and gross margins[12] - In Q1 2022, the company achieved revenue of RMB 3.503 billion, a year-on-year increase of 23.21%[17] - Export revenue reached RMB 2.594 billion, up 30.97% year-on-year[17] - The motorcycle and engine business generated revenue of RMB 1.947 billion, a 16.32% increase year-on-year[17] - General machinery product revenue was RMB 1.299 billion, up 37.86% year-on-year[17] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥141,496,674.95, marking an impressive increase of 84.98% compared to the previous year[6] - As of March 31, 2022, the company's cash and cash equivalents amounted to RMB 2.722 billion, compared to RMB 2.667 billion at the end of 2021[24] - Total current assets as of March 31, 2022, were RMB 7.992 billion, slightly up from RMB 7.949 billion at the end of 2021[24] - Cash inflow from operating activities for the first quarter of 2022 was CNY 3,216,582,452.67, an increase of 19.3% from CNY 2,697,329,164.30 in the same period of 2021[39] - The cash and cash equivalents at the end of the first quarter of 2022 were CNY 1,945,980,880.78, compared to CNY 1,659,593,648.64 at the end of the first quarter of 2021, showing an increase of 17.3%[41] - The ending balance of cash and cash equivalents was CNY 681,442,616.25, up from CNY 564,331,945.30 in the previous year, reflecting an increase of approximately 20.8%[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥13,223,631,641.28, showing a slight increase of 0.04% from the end of the previous year[9] - Shareholders' equity attributable to the parent company was ¥7,686,111,341.92, reflecting a year-on-year increase of 3.80%[9] - Total liabilities decreased to ¥5,173,643,405.87 from ¥5,455,163,301.91, indicating a reduction of 5.2%[29] - Non-current assets totaled ¥5,231,392,794.10, down from ¥5,268,923,879.96, a decrease of 0.7%[29] - The total assets increased to CNY 8,892,925,411.88, compared to CNY 8,276,493,260.44 in the previous year, reflecting a growth of 7.4%[47] - The total liabilities rose to CNY 3,679,644,020.24, an increase from CNY 3,185,380,636.65, indicating a growth of 15.5%[47] Research and Development - Research and development expenses in Q1 2022 amounted to ¥117,260,699.97, a significant increase of 72.8% compared to ¥67,839,755.47 in Q1 2021[33] - Research and development expenses for Q1 2022 were CNY 28,188,289.46, slightly up from CNY 26,227,678.63 in Q1 2021[50] Comprehensive Income - The total comprehensive income for the first quarter of 2022 was CNY 287,439,563.10, up from CNY 156,817,568.89 in the first quarter of 2021, representing an increase of 83.3%[35] - The total comprehensive income for the first quarter of 2022 was CNY 122,168,767.85, compared to CNY 73,274,711.16 in the first quarter of 2021, representing an increase of approximately 66.6%[52] Investment Activities - Cash outflow from investing activities in the first quarter of 2022 was CNY 7,088,621,423.59, compared to CNY 5,242,662,358.90 in the first quarter of 2021, indicating a rise of 35.2%[41] - Cash inflows from investment activities totaled CNY 6,949,821,265.61, a significant rise from CNY 4,807,242,186.96 in the same period last year, marking an increase of around 44.6%[54] - The net cash flow from investment activities was CNY -32,108,415.44, compared to CNY -97,074,327.52 in the first quarter of 2021, showing an improvement in cash flow[54] Sales and Expenses - Total operating costs for Q1 2022 were ¥3,216,052,935.81, up 21.1% from ¥2,655,528,414.35 in Q1 2021[33] - Operating profit for Q1 2022 was ¥328,410,020.80, representing a 62.3% increase from ¥202,310,524.50 in Q1 2021[33] - The company reported a decrease in sales expenses to CNY 16,868,742.36 from CNY 24,969,861.77, a reduction of 32.5%[50]