LHM(SZ:002535)2021-04-29 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥117,749,825.64, a decrease of 11.54% compared to ¥133,107,815.61 in the same period last year[9] - The net profit attributable to shareholders was -¥26,647,474.17, representing a 4.20% increase in loss compared to -¥25,573,744.12 in the previous year[9] - The net cash flow from operating activities was -¥81,157,407.09, a significant decline of 429.03% from ¥24,665,810.57 in the same period last year[9] - Total operating revenue for Q1 2021 was CNY 117,749,825.64, a decrease of 11.4% compared to CNY 133,107,815.61 in Q1 2020[41] - The net loss for Q1 2021 was CNY 25,122,612.24, compared to a loss of CNY 24,005,538.26 in Q1 2020[42] - The total profit (loss) for Q1 2021 was CNY -26,153,480.45, compared to CNY -10,878,637.45 in Q1 2020, indicating a worsening of 140.0%[46] - The total comprehensive loss for Q1 2021 was CNY -27,036,986.90, compared to CNY -12,190,127.61 in Q1 2020, indicating a significant increase in comprehensive loss[47] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,571,969,181.24, down 4.71% from ¥4,797,955,478.29 at the end of the previous year[9] - As of March 31, 2021, the company's total assets amounted to approximately CNY 4.57 billion, a decrease from CNY 4.80 billion at the end of 2020, reflecting a decline of about 4.73%[33] - Total liabilities decreased to CNY 2,978,636,828.12 in Q1 2021 from CNY 3,096,891,058.01 in Q4 2020[39] - The company's equity attributable to shareholders was CNY 1,249,888,709.11, down from CNY 1,276,925,696.01 at the end of 2020[39] Cash Flow - The company reported a decrease in cash and cash equivalents by 70.28%, primarily due to higher payments made during the period[16] - Cash and cash equivalents decreased significantly to CNY 176.46 million from CNY 593.67 million, representing a decline of approximately 70.3%[33] - The net cash flow from operating activities for Q1 2021 was CNY -81,157,407.09, a decline from a positive cash flow of CNY 24,665,810.57 in the same period last year[50] - The net cash flow from financing activities was negative at CNY -57,586,665.92, worsening from CNY -46,911,590.15 year-over-year, primarily due to increased debt repayments[54] - The ending cash and cash equivalents balance was CNY 290,616.85, down from CNY 568,950.53, reflecting a decrease in liquidity[54] Research and Development - The company's R&D expenses increased by 39.47% to ¥1,862,278.41, indicating a focus on innovation and development[16] - Research and development expenses increased to CNY 6,580,841.50 from CNY 4,718,563.09 in the same period last year, reflecting a focus on innovation[42] - Research and development expenses increased significantly to CNY 6,580,841.50, up from CNY 2,923,065.68, marking a rise of 125.4% year-over-year[46] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 40,219, with the top ten shareholders holding significant stakes[13] - The company did not engage in any repurchase transactions among its top shareholders during the reporting period[14] Government Support - The company received government subsidies amounting to ¥2,422,067.26, contributing positively to its financials[10] Investments and Acquisitions - The company completed the transfer of 100% equity of Linzhou Heavy Machinery Linsteel Co., Ltd. to Inner Mongolia Jinda Coal and Coke Co., Ltd., receiving a total payment of RMB 130 million by October 10, 2020[17] - The company intends to acquire 29.20% equity of Beijing Zhongke Hongba Technology Co., Ltd. from Linzhou Heavy Machinery Group Holdings Co., Ltd.[18] - The company has committed to compensating for any impairment losses related to the acquisition of Beijing Zhongke Hongba Technology Co., Ltd. within 30 working days after the impairment is determined[23] Operational Communication - The company has engaged in communication with individual investors regarding its operational status during the reporting period[30]