LZRJ(SH:688588)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥167,126,801.17, representing a year-on-year increase of 4.41%[5] - The net profit attributable to shareholders for the same period was ¥39,808,515.45, reflecting an increase of 11.77% compared to the previous year[5] - The net profit after deducting non-recurring gains and losses was ¥34,032,849.99, which is up by 15.88% year-on-year[5] - Total operating revenue for Q1 2023 was RMB 167,126,801.17, a 4.6% increase from RMB 160,070,666.45 in Q1 2022[18] - Net profit for Q1 2023 was RMB 39,750,174.28, up 12.6% from RMB 35,384,424.50 in Q1 2022[19] - Operating profit for Q1 2023 was RMB 42,593,918.90, an increase of 9.0% from RMB 39,046,349.95 in Q1 2022[19] - Total comprehensive income for Q1 2023 was RMB 39,857,486.10, compared to RMB 34,815,732.94 in Q1 2022, indicating an increase of 14.0%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,433,671,843.02, showing a decrease of 1.26% from the end of the previous year[6] - As of March 31, 2023, the company's total assets amounted to CNY 1,433,671,843.02, a decrease from CNY 1,451,995,669.49 at the end of 2022[15] - The company's total liabilities decreased to CNY 66,178,090.45 from CNY 109,389,834.69, indicating a reduction of approximately 39.5%[17] - The equity attributable to shareholders increased to CNY 1,366,761,224.48 from CNY 1,341,814,965.54, showing an increase of about 1.8%[17] Cash Flow - The net cash flow from operating activities was -¥5,218,891.93, which is not applicable for year-on-year comparison[6] - Cash flow from operating activities showed a net outflow of RMB 5,218,891.93 in Q1 2023, worsening from a net outflow of RMB 1,375,426.05 in Q1 2022[23] - The net cash flow from investing activities for Q1 2023 was -$37,181,924.54, compared to -$88,011,908.60 in the same period last year[24] - The net cash flow from financing activities was -$17,655,747.40, with cash outflows totaling $17,655,747.40 for debt repayment and other financing activities[24] - The net increase in cash and cash equivalents for Q1 2023 was -$64,389,952.64, compared to -$111,380,089.64 in Q1 2022[24] Research and Development - The company's R&D investment totaled ¥18,568,751.44, accounting for 11.11% of operating revenue, which is an increase of 0.93 percentage points[6] - Research and development expenses increased to RMB 18,568,751.44 in Q1 2023, a rise of 14.0% compared to RMB 16,297,701.36 in Q1 2022[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,181[10] - The basic earnings per share for Q1 2023 was ¥0.0996, up by 11.91% year-on-year[6] - Basic and diluted earnings per share for Q1 2023 were both RMB 0.0996, compared to RMB 0.0890 in Q1 2022, reflecting a growth of 12.9%[20] Inventory and Receivables - Accounts receivable increased to CNY 120,408,844.14, up from CNY 115,137,384.32, representing a growth of about 4.0%[15] - The company's inventory rose to CNY 6,666,219.41, compared to CNY 3,883,150.38, marking an increase of approximately 71.5%[15] Other Financial Metrics - The weighted average return on net assets was 2.92%, an increase of 0.16 percentage points compared to the previous year[6] - The company's cash and cash equivalents decreased to CNY 480,043,535.73 from CNY 544,433,488.37, reflecting a decline of approximately 11.8%[15] - The company reported non-recurring gains of ¥5,775,665.46 for the period, after accounting for tax effects and minority interests[8] - The company reported a significant decrease in employee compensation payable, which fell to CNY 10,268,062.61 from CNY 41,582,886.96, a reduction of approximately 75.3%[16] Accounting Changes - The company has adopted new accounting standards starting in 2023, which may affect the financial statements[24] Market and Product Development - The company has not disclosed any new product developments or market expansion strategies in this report[14]