LMGF(SZ:002734)2020-04-29 16:00Financial Performance - The company's operating revenue for Q1 2020 was ¥1,325,240,428.99, representing a 234.17% increase compared to ¥396,577,307.05 in the same period last year[7] - Net profit attributable to shareholders was ¥142,400,624.33, up 72.50% from ¥82,549,278.89 year-on-year[7] - The net profit after deducting non-recurring gains and losses was ¥143,971,410.74, an increase of 80.26% compared to ¥79,867,853.66 in the previous year[7] - The basic earnings per share rose to ¥0.5, a 72.41% increase from ¥0.29 in the same period last year[7] - The total operating profit for the first quarter was approximately CNY 204.95 million, compared to CNY 91.60 million in the same period last year, representing a year-over-year increase of 123.8%[35] - The total profit for the first quarter was CNY 199.92 million, compared to CNY 91.52 million last year, an increase of 118.4%[35] - The total comprehensive income for the period was CNY 167.48 million, compared to CNY 84.02 million in the prior year, indicating a growth of 99.7%[36] Assets and Liabilities - The total assets at the end of the reporting period were ¥4,977,113,678.80, reflecting a 4.40% increase from ¥4,767,286,264.84 at the end of the previous year[7] - Total liabilities as of March 31, 2020, were CNY 2,511,335,177.62, compared to CNY 2,471,948,348.16 at the end of 2019[28] - Total assets decreased to CNY 4,977,113,678.80 from CNY 4,767,286,264.84[28] - Long-term equity investments increased to CNY 1,925,979,413.39 from CNY 1,208,440,858.18[30] Cash Flow - The net cash flow from operating activities improved to -¥47,562,155.78, a 51.78% improvement from -¥98,643,992.52 in the same period last year[7] - The company reported a cash inflow from operating activities of CNY 786.39 million, compared to CNY 238.85 million in the same period last year, representing a growth of 228.5%[41] - The net cash flow from operating activities was -47,562,155.78 yuan, compared to -98,643,992.52 yuan in the previous period, indicating an improvement[43] - The total cash inflow from investment activities was 52,912,747.69 yuan, while cash outflow was 80,625,833.10 yuan, resulting in a net cash flow of -27,713,085.41 yuan[43] - The net cash flow from financing activities was 45,980,609.37 yuan, compared to -2,071,505.79 yuan in the previous period, showing a significant increase[44] - The company reported a net decrease in cash and cash equivalents of -27,861,945.01 yuan for the period[44] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,298[10] - The top shareholder, Li Ming, holds 19.79% of the shares, totaling 56,718,500 shares[10] Expenses - Operating costs amounted to CNY 1,137,430,170.47, up from CNY 346,104,462.74 in the previous period[34] - Research and development expenses surged by 271.97% mainly from the consolidation of the Weiyuan asset group[14] - Research and development expenses increased to CNY 39,392,281.91 from CNY 10,590,308.47 year-on-year[34] - The company reported a significant increase in tax expenses, with a rise of 627.96% due to increased corporate income tax payable[14] Other Income and Investments - The company received government subsidies amounting to ¥2,739,921.14 during the reporting period[8] - The company reported a significant increase in other income to CNY 2,739,921.14 from CNY 3,308,648.58[34] - The investment income for the period was CNY 29.40 million, down from CNY 41.04 million in the previous year, indicating a decrease of 28.3%[38] Organizational Changes - The company established a wholly-owned subsidiary to optimize organizational structure and improve management efficiency, with asset transfer valued at approximately 698 million yuan[15]