LHM(SZ:002535)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥336,010,658.64, representing a 63.29% increase compared to ¥205,771,716.48 in the same period last year[3] - Net profit attributable to shareholders reached ¥25,966,575.43, a significant increase of 1,802.04% from ¥1,365,194.72 year-on-year[3] - Basic and diluted earnings per share both increased to ¥0.0324, up 1,805.88% from ¥0.0017 in the same period last year[3] - In Q1 2023, Linzhou Heavy Machinery Group reported a net profit of CNY 26,126,468.45, a significant increase compared to CNY 1,582,431.43 in Q1 2022, representing a growth of approximately 1,548%[19] - The company's operating profit for Q1 2023 was CNY 29,053,267.18, compared to CNY 2,593,250.77 in the same period last year, indicating a year-over-year increase of about 1,020%[19] - Total revenue from sales of goods and services reached CNY 353,189,887.55, up from CNY 203,597,284.99 in Q1 2022, reflecting a growth of approximately 73.4%[22] - Linzhou Heavy Machinery Group's total comprehensive income for Q1 2023 was CNY 26,126,468.45, significantly higher than CNY 1,582,431.43 in Q1 2022[20] Cash Flow and Liquidity - The net cash flow from operating activities was ¥110,836,581.82, a turnaround from a negative cash flow of -¥28,986,432.55 in the previous year[3] - The company incurred a total operating cash outflow of CNY 354,224,355.32, compared to CNY 417,593,867.31 in the previous year, showing a reduction of about 15.2%[22] - Cash and cash equivalents decreased to ¥289,483,528.88 from ¥371,948,057.56, a decline of approximately 22.2%[15] - Cash and cash equivalents at the end of Q1 2023 stood at CNY 30,301,912.03, a decrease from CNY 3,822,453.38 at the end of Q1 2022[23] - The company reported a total cash inflow from financing activities of CNY 338,781,462.50, down from CNY 636,528,668.90 in the previous year, indicating a decrease of approximately 46.8%[23] - The company experienced a net cash outflow from investing activities of CNY -843,276.29, compared to CNY -557,405.50 in Q1 2022, reflecting an increase in investment expenditures[23] Assets and Liabilities - The company's total assets at the end of Q1 2023 were ¥4,218,471,058.14, a slight increase of 0.49% from ¥4,197,978,432.72 at the end of the previous year[3] - Current assets totaled ¥1,758,761,906.38, an increase from ¥1,716,113,558.00, marking a growth of about 2.5%[15] - The total liabilities decreased to ¥3,772,744,770.32 from ¥3,778,378,613.35, showing a reduction of approximately 0.15%[16] - The company's equity attributable to shareholders increased to ¥437,516,088.43 from ¥411,549,513.00, representing a growth of about 6.3%[16] Expenses and Investments - Research and development expenses surged by 223.05% to ¥10,578,208.72, reflecting increased investment in new projects[8] - Total operating costs amounted to ¥309,670,113.78, compared to ¥206,834,211.77 in the prior period, indicating an increase of about 49.8%[18] - Research and development expenses rose to ¥10,578,208.72, up from ¥3,274,472.30, reflecting a substantial increase of approximately 223.5%[18] Other Financial Metrics - The weighted average return on equity improved to 6.12%, up 5.77 percentage points from 0.35% in the previous year[3] - The company received government subsidies amounting to ¥3,525,663.67, contributing positively to its financial performance[6] - The company reported a 44.35% increase in accounts payable, totaling ¥426,223,301.35, driven by increased production and raw material purchases[8] - The company experienced a 62.31% decrease in contract liabilities, down to ¥39,657,370.49, due to the completion of product deliveries[8] - Accounts receivable rose to ¥493,515,136.44 from ¥466,488,728.53, indicating an increase of about 5.8%[15] - Inventory increased to ¥391,310,740.03 from ¥360,541,018.20, reflecting a growth of approximately 8.5%[15]