Libert(SH:605167)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 256,071,578.98, representing a decrease of 13.04% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 12,706,150.93, an increase of 5.53% year-on-year[5]. - The net profit after deducting non-recurring gains and losses was CNY 10,489,971.07, down by 9.80% compared to the previous year[5]. - The basic earnings per share were CNY 0.03, reflecting a decrease of 25.00% year-on-year[5]. - The diluted earnings per share were also CNY 0.03, showing a decline of 25.00% compared to the same period last year[5]. - The weighted average return on equity was 0.94%, a decrease of 0.55 percentage points year-on-year[5]. - The net profit for Q1 2022 was CNY 12,706,150.93, an increase from CNY 12,039,886.14 in Q1 2021, representing a growth of approximately 5.5%[21]. - Operating profit for Q1 2022 reached CNY 18,480,351.29, compared to CNY 15,175,778.78 in the same period last year, indicating a year-over-year increase of about 21.5%[20]. - Total revenue from operating activities was CNY 629,368,265.05, up from CNY 485,451,432.33 in Q1 2021, reflecting a growth of approximately 29.6%[24]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,071,680,775.93, down 5.74% from the end of the previous year[6]. - Cash and cash equivalents as of March 31, 2022, were CNY 393,203,868.43, a decrease from CNY 467,490,745.32 as of December 31, 2021[15]. - Accounts receivable decreased to CNY 138,392,788.58 from CNY 415,922,409.27 as of December 31, 2021, indicating a significant reduction in outstanding receivables[15]. - Inventory increased to CNY 152,636,691.71 from CNY 105,160,549.61 as of December 31, 2021, reflecting a 45.0% increase[15]. - Total assets as of March 31, 2022, were CNY 2,071,680,775.93, down from CNY 2,197,905,443.59 as of December 31, 2021[16]. - Total liabilities decreased to CNY 712,935,260.67 from CNY 851,866,079.26 as of December 31, 2021, showing a reduction of 16.3%[17]. - The company's equity attributable to shareholders increased to CNY 1,358,745,515.26 from CNY 1,346,039,364.33 as of December 31, 2021[17]. Cash Flow - The net cash flow from operating activities was CNY 48,645,894.79, a decrease of 7.89% year-on-year[5]. - Cash flow from operating activities was CNY 48,645,894.79, slightly down from CNY 52,810,201.72 in Q1 2021, a decrease of around 7.5%[24]. - The company reported a net cash outflow from investing activities of CNY -108,989,533.20, compared to CNY -66,826,124.07 in the previous year, indicating an increase in investment activities[25]. - Cash and cash equivalents at the end of Q1 2022 stood at CNY 365,010,266.92, up from CNY 216,602,862.97 at the end of Q1 2021, showing a significant increase of approximately 68.5%[25]. Costs and Expenses - Total operating costs for Q1 2022 were CNY 250,422,052.69, down 12.0% from CNY 284,650,390.63 in Q1 2021[19]. - The total tax expenses for Q1 2022 were CNY 5,734,200.36, compared to CNY 3,104,624.73 in the same period last year, an increase of approximately 84.5%[20]. - The company experienced a significant increase in sales expenses, which totaled CNY 3,574,820.26 in Q1 2022, compared to CNY 3,902,074.80 in Q1 2021, indicating a decrease of about 8.4%[20]. - Research and development expenses increased to CNY 2,192,454.08 from CNY 2,012,685.24, marking a rise of about 8.9% year-over-year[20]. Strategic Focus - The company reported a net profit margin improvement despite lower revenues, indicating better cost management[19]. - The company is focusing on reducing accounts receivable and managing inventory levels to improve cash flow in the upcoming quarters[19]. - The company reported non-recurring gains of CNY 2,216,179.86 after tax[8].