LPM(SH:605577)2023-04-27 16:00Financial Performance - The total net profit for the period was 141,440,352.14, compared to 138,883,343.22 in the previous period, reflecting a year-on-year increase[13]. - Net profit attributable to shareholders of the listed company was CNY 141,440,352.14, an increase of 1.84% year-on-year[17]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 136,773,811.74, up by 2.60% year-on-year[17]. - Basic and diluted earnings per share were both CNY 0.3182, reflecting an increase of 1.82% year-on-year[17]. - The weighted average return on equity for Q1 2023 was 4.05%, a decrease of 0.52 percentage points compared to the previous year[49]. - Basic and diluted earnings per share for Q1 2023 were both CNY 0.3182, up from CNY 0.3125 in Q1 2022[42]. Revenue and Costs - Operating revenue for the reporting period was CNY 617,792,911.40, representing a decrease of 3.95% compared to the same period last year[17]. - Total operating revenue for Q1 2023 was CNY 617,792,911.40, a decrease of 3.67% compared to CNY 643,220,232.87 in Q1 2022[40]. - Total operating costs for Q1 2023 were CNY 455,057,371.87, down 8.25% from CNY 495,839,701.89 in Q1 2022[40]. Cash Flow - Net cash flow from operating activities was -101,647,488.62, a decrease from 184,474,837.84 in the previous period[15]. - Net cash flow from operating activities in Q1 2023 was CNY 249,126,924.23, significantly lower than CNY 409,911,846.26 in Q1 2022[43]. - Cash flow from investing activities showed a net inflow of 70,436,661.84, compared to a net outflow of -298,122,915.41 in the previous period[15]. Assets and Liabilities - Total assets amounted to 5,159,505,541.11, an increase from 5,038,378,921.86 in the previous period[10]. - Total assets at the end of Q1 2023 amounted to CNY 5,159,505,541.11, an increase of 2.40% from CNY 5,038,378,921.86 at the end of the previous year[49]. - The total liabilities as of the end of the reporting period were CNY 1,595,794,394.21, slightly down from CNY 1,616,346,453.45[39]. - Total liabilities and equity amounted to CNY 5,159,505,541.11, compared to CNY 5,038,378,921.86 at the end of the previous year[22]. Shareholder Information - Total equity attributable to shareholders of the parent company was CNY 3,563,711,146.90, compared to CNY 3,422,032,468.41 at the end of the previous year[22]. - The total equity attributable to shareholders of the listed company was CNY 3,563,711,146.90, an increase of 4.14% from CNY 3,422,032,468.41[49]. - The top shareholder, China Education Publishing Media Co., Ltd., holds 97,000,000 shares, representing a significant portion of the company's equity[54]. - Heilongjiang Publishing Group Co., Ltd. owns 2.99% of China Education Publishing Media Co., Ltd., indicating potential interconnected interests among shareholders[55]. - The company has not disclosed any other related party relationships or concerted actions among shareholders[55]. Other Financial Metrics - Accounts receivable increased by 158.08% due to uncollected sales from the spring textbook sales in 2023[5]. - Other current assets decreased by 86.37% primarily due to a reduction in input tax credits[5]. - Prepayments increased by 30.77% as a result of increased advance rental payments[5]. - R&D expenses decreased by 66.47% due to fewer R&D projects and a year-on-year reduction in R&D spending[5]. - Financial expenses were not applicable as interest income from deposits increased while post-employment benefits and severance interest expenses decreased[5]. - Credit impairment losses increased by 52.74% due to uncollected payments for the 2023 spring free textbook program, leading to higher bad debt provisions[5]. - The company reported a significant increase in cash paid for purchasing goods and services, amounting to CNY 86.22 million year-on-year[34]. - The company received government subsidies totaling CNY 1,842,420.19 during the reporting period[31]. - The company experienced an increase in impairment losses due to aging of inventory, amounting to CNY 306.59[34]. - The first quarter report for 2023 has been released, detailing the company's financial performance and strategic outlook[57]. - The company is not applying new accounting standards or interpretations for the first time in 2023, ensuring consistency in financial reporting[65].