Leading Optics(SH:605118)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥139,845,514.60, representing a year-on-year increase of 67.71%[6] - The net profit attributable to shareholders was ¥43,720,794.78, up 32.07% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥37,494,836.96, reflecting a growth of 41.91% year-on-year[6] - The basic earnings per share for the period was ¥0.1078, an increase of 32.11% from the previous year[6] - The diluted earnings per share was ¥0.1077, showing a rise of 31.99% year-on-year[6] - Operating profit for Q1 2022 was ¥51,234,186.85, compared to ¥36,966,518.54 in Q1 2021, indicating a growth of 38.5%[28] - Net profit for Q1 2022 was ¥51,415,973.82, an increase from ¥36,953,715.03 in Q1 2021, representing a growth of 39.1%[28] - The total comprehensive income for Q1 2022 was CNY 43,620,575.67, compared to CNY 32,857,177.46 in Q1 2021, marking an increase of 32.7%[30] Assets and Liabilities - The company's total assets at the end of the reporting period were ¥1,454,642,579.20, a 2.60% increase from the end of the previous year[9] - The equity attributable to shareholders was ¥1,257,782,958.09, which is a 3.65% increase compared to the end of the last year[9] - Total assets as of March 31, 2022, amounted to ¥1,454,642,579.20, up from ¥1,417,790,579.10 at the end of 2021, indicating a growth of 2.6%[25] - Total liabilities decreased to ¥194,606,529.69 as of March 31, 2022, down from ¥202,006,733.68 at the end of 2021, a reduction of 3.5%[25] - Shareholders' equity increased to ¥1,260,036,049.51 as of March 31, 2022, compared to ¥1,215,783,845.42 at the end of 2021, reflecting a growth of 3.6%[25] Cash Flow - The net cash flow from operating activities was ¥22,998,867.08, down 47.75% year-on-year due to increased orders and employee costs[6] - Cash and cash equivalents decreased to ¥250,248,589.33 as of March 31, 2022, down from ¥288,528,403.30 at the end of 2021, a decline of 13.3%[19] - The cash outflow from operating activities was CNY 145,446,063.71, which is significantly higher than CNY 83,049,600.59 in Q1 2021, indicating increased operational expenses[35] - The net cash flow from investing activities was negative at CNY -60,505,001.62, a decline from a positive CNY 44,049,132.89 in Q1 2021[36] - The company reported a decrease in cash flow from financing activities, with a net cash flow of CNY -295,370.00 in Q1 2022, compared to no significant outflow in Q1 2021[36] Inventory and Expenses - Total operating costs for Q1 2022 were ¥95,636,846.77, up from ¥55,737,679.07 in Q1 2021, reflecting a 71.6% increase[28] - Research and development expenses for Q1 2022 were ¥8,000,170.28, compared to ¥7,124,341.05 in Q1 2021, an increase of 12.3%[28] - Inventory increased to ¥297,042,212.99 as of March 31, 2022, compared to ¥259,973,601.42 at the end of 2021, reflecting a growth of 14.2%[19] Revenue Drivers - The growth in operating revenue was primarily driven by increased sales of the company's main lens products[10] - Total operating revenue for Q1 2022 reached ¥139,845,514.60, a significant increase of 67.7% compared to ¥83,386,803.57 in Q1 2021[28] Tax and Refunds - The company received CNY 16,007,573.67 in tax refunds during Q1 2022, significantly higher than CNY 6,418,966.60 in Q1 2021, indicating improved cash flow management[35]