LOPAL(SH:603906)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥2,083,647,355.13, a decrease of 18.55% compared to the same period last year[6] - The net profit attributable to shareholders was -¥222,743,444.40, representing a decline of 204.56% year-on-year[6] - The basic and diluted earnings per share were both -¥0.40, a decrease of 190.91% compared to the previous year[6] - Net loss for Q1 2023 was ¥279,805,717.68, compared to a net profit of ¥302,740,319.66 in Q1 2022[21] - The company's operating profit for Q1 2023 was -¥332,353,604.58, a significant decline from ¥398,224,707.30 in Q1 2022[20] Assets and Liabilities - The total assets at the end of Q1 2023 were ¥17,670,453,356.90, an increase of 20.28% from the end of the previous year[7] - Total assets increased to ¥17,670,453,356.90 in Q1 2023, compared to ¥14,690,671,466.98 in Q1 2022, reflecting a growth of 20.2%[18] - Total liabilities rose to ¥12,316,059,563.18 in Q1 2023, up from ¥9,081,207,233.00 in Q1 2022, marking an increase of 35.5%[18] - Non-current assets totaled ¥5,954,969,425.81 in Q1 2023, compared to ¥5,420,967,296.57 in Q1 2022, indicating a growth of 9.8%[18] Cash Flow - The net cash flow from operating activities was -¥460,297,535.13, a decrease of 46.85% year-on-year[6] - In Q1 2023, the company's cash inflow from operating activities was CNY 880,126,293.94, a decrease of 35.3% compared to CNY 1,359,307,370.75 in Q1 2022[23] - The net cash flow from operating activities was -CNY 460,297,535.13, improving from -CNY 866,001,095.94 in the same period last year[23] - The total cash outflow from investing activities was CNY 1,187,342,198.66, an increase of 80.7% compared to CNY 657,402,842.77 in Q1 2022[24] - The net cash flow from investing activities was -CNY 1,145,822,369.45, worsening from -CNY 535,930,966.27 year-over-year[24] - Cash inflow from financing activities reached CNY 4,524,903,588.60, a significant increase of 159.5% compared to CNY 1,745,544,745.30 in Q1 2022[24] - The net cash flow from financing activities was CNY 3,129,147,192.29, up from CNY 1,321,441,577.19 in the previous year[24] Shareholder Information - Total number of common shareholders at the end of the reporting period is 65,270[12] - The largest shareholder, Shi Junfeng, holds 212,662,195 shares, representing 37.63% of total shares[12] - The total number of shares held by the top 10 shareholders includes significant stakes from institutional investors such as Ping An Fund and Industrial and Commercial Bank of China[13] Other Financial Metrics - The weighted average return on equity was -4.84%, a decrease of 13.98 percentage points compared to the previous year[6] - The company reported an investment income of ¥18,897,243.30 in Q1 2023, a significant increase from ¥325,615.76 in Q1 2022[20] - The company's deferred tax assets increased to ¥120,245,956.72 in Q1 2023, compared to ¥62,295,770.15 in Q1 2022, reflecting a growth of 93.1%[18] - The company's cash and cash equivalents increased by 73.08% due to an increase in bank loans during the reporting period[9] - The company's cash and cash equivalents as of March 31, 2023, amount to ¥3,513,066,013.40, an increase from ¥2,029,680,896.45 at the end of 2022[16] Inventory and Receivables - Inventory as of March 31, 2023, is valued at ¥3,284,397,155.05, compared to ¥3,007,275,300.29 at the end of 2022[16] - The company reported accounts receivable of ¥1,355,051,574.78, down from ¥2,121,005,349.80 in the previous year[16] Impairment and Costs - The company experienced a substantial increase in asset impairment losses, which rose by 1,230,790.80% due to increased inventory write-downs[9] - Total operating costs increased to ¥2,227,437,609.21 in Q1 2023, up 3.1% from ¥2,159,080,351.66 in Q1 2022[20] Corporate Developments - The company has not disclosed any significant new product developments or market expansion strategies in the current report[15] - There are no reported changes in the audit opinion type for the financial statements[16] - The company has not indicated any related party transactions among the top shareholders beyond the relationship between Shi Junfeng and Zhu Xianglan[14]