LFX(SH:900905)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 reached ¥24,558,455,776.90, representing a year-on-year increase of 33.17%[6] - Net profit attributable to shareholders was ¥715,957,438.14, marking a significant increase of 76.10% compared to the same period last year[6] - The basic earnings per share (EPS) for the quarter was ¥1.3686, reflecting a 76.10% increase year-on-year[7] - The net profit for Q1 2023 was CNY 955,973,107.14, an increase of 71.4% compared to CNY 557,619,440.81 in Q1 2022[24] - The operating profit for Q1 2023 was CNY 1,269,117,106.26, compared to CNY 766,913,411.52 in Q1 2022, reflecting a growth of 65.5%[24] - The company reported a total comprehensive income of CNY 955,575,855.32 for Q1 2023, compared to CNY 561,570,374.46 in Q1 2022, marking an increase of 70.0%[25] Assets and Liabilities - Total assets at the end of the quarter amounted to ¥27,587,174,575.05, up 6.08% from the end of the previous year[7] - Current assets totaled ¥26,337,650,156.31 as of March 31, 2023, compared to ¥24,747,014,115.95 at the end of 2022, marking a 6.4% increase[19] - Total liabilities reached ¥14,984,134,028.32, up from ¥14,023,369,292.13, indicating a 6.9% increase[20] - Total equity increased to ¥12,603,040,546.73 from ¥11,981,471,015.76, a growth of 5.2%[21] Cash Flow - Cash flow from operating activities was ¥6,768,920,830.46, showing a growth of 9.35%[7] - Net cash flow from operating activities increased by ¥578,758,899.52, a growth of 9.35%, attributed to higher cash receipts from sales and services[12] - The net cash flow from operating activities was CNY 6,768,920,830.46, an increase of 9.3% compared to CNY 6,190,161,930.94 in Q1 2022[28] - Net cash flow from investing activities decreased by ¥364,431,690.84, a decline of 1299.75%, due to reduced cash receipts from investment recoveries[12] - Investment activities resulted in a net cash outflow of CNY 336,393,191.20, contrasting with a net inflow of CNY 28,038,499.64 in the previous year[28] - Net cash flow from financing activities increased by ¥1,220,061,192.08, representing a growth of 1102.69%, primarily due to increased cash from borrowings[12] Revenue and Costs - Revenue for the first quarter increased by ¥6,116,852,695.30, representing a growth of 33.17%, primarily due to increased sales of gold and jewelry products[11] - Operating costs rose by ¥5,598,949,807.47, with a growth rate of 32.95%, mainly attributed to higher costs associated with gold and jewelry sales[11] - Total operating costs for Q1 2023 were ¥23,255,298,713.66, up from ¥17,577,773,826.39 in Q1 2022, reflecting a 32.5% increase[23] Other Financial Metrics - The weighted average return on equity (ROE) improved to 6.83%, an increase of 2.50 percentage points from the previous year[7] - Cash and cash equivalents increased by 135.11%, reaching ¥7,535,219,235.69, primarily due to cash inflows from subsidiaries[9] - Trade receivables rose by 60.52%, totaling an increase of ¥267,642,787.86, attributed to increased sales by a subsidiary[9] - Inventory decreased by 35.63%, down by ¥5,986,250,023.80, mainly due to reduced stock levels at a subsidiary[9] - Long-term borrowings increased significantly by 564.31%, amounting to an additional ¥1,130,609,722.22, primarily from a subsidiary's financing activities[10] - Other income surged by ¥7,835,743.19, marking a significant increase of 699.85%, driven by increased fiscal subsidies for subsidiaries[11] - Investment income decreased by ¥66,767,710.32, reflecting a decline of 2452.42%, primarily due to losses from the disposal of financial liabilities[11] - Management expenses rose by ¥35,219,702.70, with a growth rate of 31.06%, mainly due to increased salary expenses in a subsidiary[11] - Fair value changes in financial assets increased by ¥121,173,701.64, reflecting a growth of 120.30%, primarily from gains in financial liabilities[11]