LYKL(SH:605086)2023-04-25 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥64,682,842.46, representing a decrease of 9.04% compared to the same period last year[3] - The net profit attributable to shareholders for Q1 2023 was ¥22,226,519.99, down 18.12% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥22,411,215.82, a decrease of 11.88% compared to the previous year[3] - Total operating revenue for Q1 2023 was ¥64,682,842.46, a decrease of 9.9% compared to ¥71,112,638.71 in Q1 2022[21] - Net profit for Q1 2023 was ¥22,226,519.99, down 18.5% from ¥27,145,432.24 in Q1 2022[22] - Earnings per share for Q1 2023 was ¥0.17, compared to ¥0.21 in Q1 2022[22] Cash Flow - The net cash flow from operating activities increased by 11.53% to ¥37,654,893.93[3] - Cash flow from operating activities for Q1 2023 was ¥37,654,893.93, an increase of 11.2% from ¥33,762,507.35 in Q1 2022[24] - In Q1 2023, the company reported a net cash increase of ¥93,083,837.01, compared to ¥269,800,515.12 in the same period last year, indicating a decrease of approximately 65.5%[26] - The ending balance of cash and cash equivalents for Q1 2023 was ¥431,924,589.60, up from ¥345,354,664.91 year-over-year, representing an increase of about 25%[26] - The total cash outflow from investment activities was ¥21,071,890.09, significantly higher than ¥10,680,125.82 in the previous year, reflecting an increase of approximately 97.5%[26] - The net cash flow generated from investment activities was ¥55,428,943.08, a decrease of about 76.5% compared to ¥236,038,007.77 in the prior year[26] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,209,913,019.85, an increase of 1.39% from the end of the previous year[3] - Current assets totaled CNY 625,330,948.47, slightly up from CNY 613,969,829.42 at the end of 2022, indicating a growth of about 1.1%[15] - Cash and cash equivalents increased to CNY 431,924,589.60 from CNY 338,840,752.59, representing a significant rise of approximately 27.4%[15] - The total liabilities decreased from CNY 158,965,255.05 to CNY 76,208,390.72, indicating a significant reduction of approximately 52.2%[16] - Total liabilities as of Q1 2023 were ¥78,657,281.75, a decrease from ¥84,527,988.32 in the previous year[21] - The company has no long-term borrowings reported as of March 31, 2023[16] Production and Costs - The sales volume of raw ore decreased by 14.36% year-on-year due to insufficient production start-up at the end of 2022[4] - The company experienced a significant increase in unit production costs due to higher costs associated with mining operations and increased depreciation expenses[4] - Total operating costs increased to ¥39,159,760.08 in Q1 2023, up 4.6% from ¥37,446,152.11 in Q1 2022[21] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,100[9] - The number of shares held by the top shareholder, Longyan Investment Development Group Co., Ltd., is 76,848,000, representing 60.04% of total shares[11] - The company has no pledged, marked, or frozen shares among the top shareholders[11] Management and Reporting - The company’s management team includes Wen Nengquan as the responsible person, Luo Jihua as the accounting supervisor, and Chen Siyuan as the head of the accounting institution[26] - The report was published on April 25, 2023, by the board of directors of Longyan Kaolin Co., Ltd.[26] - The company has not adopted new accounting standards or interpretations for the year 2023[26] - The company continues to monitor its cash flow and investment strategies in light of market conditions[26]