LKDF(SZ:002413)2023-04-25 16:00Financial Performance - Revenue for Q1 2023 was CNY 301.41 million, a decrease of 8.77% compared to CNY 330.40 million in Q1 2022[6] - Net profit attributable to shareholders was CNY 16.58 million, down 36.38% from CNY 26.07 million in the same period last year[6] - Basic earnings per share decreased by 50.00% to CNY 0.01 from CNY 0.02 in Q1 2022[6] - Operating profit for Q1 2023 was CNY 18,588,508.80, down 46.6% from CNY 34,795,647.21 in Q1 2022[19] - The net profit for Q1 2023 was CNY 16,799,456.88, a decrease of 39.8% compared to CNY 27,948,168.98 in Q1 2022[19] - The company reported a total comprehensive income of CNY 35,371,215.88 for Q1 2023, compared to CNY 142,069,168.98 in Q1 2022[20] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.01, down from CNY 0.02 in the previous year[20] Research and Development - R&D expenses increased by 37.46% to CNY 39.45 million, driven by new project initiatives and rising material and labor costs[9] - Research and development expenses increased to CNY 39,448,545.09, up 37.5% from CNY 28,699,083.73 in the previous year[19] Cash Flow and Investments - Cash flow from operating activities improved by 18.34%, with a net outflow of CNY 108.63 million compared to CNY 133.03 million in Q1 2022[6] - The net cash flow from operating activities was -CNY 108,629,056.66, an improvement from -CNY 133,025,564.22 in Q1 2022[22] - The company incurred a total of CNY 195,681,384.82 in cash outflows from investing activities, compared to CNY 247,773,025.30 in Q1 2022[22] - The net cash flow from investment activities improved by 37.20%, with a net outflow of CNY 111.74 million compared to CNY 177.93 million in the previous year[9] Assets and Liabilities - Total assets at the end of Q1 2023 were CNY 5.85 billion, a decrease of 1.70% from CNY 5.95 billion at the end of 2022[6] - Total assets decreased to CNY 5,847,304,208.12 from CNY 5,948,442,655.49, a reduction of 1.7%[16] - Total liabilities decreased to CNY 1,585,532,763.43 from CNY 1,726,712,081.52, a decline of 8.2%[16] - The company's equity attributable to shareholders increased to CNY 4,213,485,231.57 from CNY 4,175,159,678.48, an increase of 0.9%[16] - Short-term borrowings decreased to CNY 353,547,280.30 from CNY 480,727,565.00, a reduction of 26.5%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 121,283[10] Inventory and Receivables - Accounts receivable increased to CNY 1,266,200,051.80, up 8.6% from CNY 1,166,511,245.13 at the start of the year[14] - Inventory levels slightly increased to CNY 1,116,210,874.49 from CNY 1,109,177,233.83, reflecting a marginal rise of 0.3%[15] Financial Assets - The company experienced a 91.78% increase in trading financial assets, reaching CNY 192.50 million, attributed to seasonal cash management strategies[8] Operating Costs - Total operating costs for Q1 2023 were CNY 293,305,531.97, down 5.4% from CNY 309,964,710.29 in the same period last year[18]