LMGF(SZ:002734)2022-04-27 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 1,245,961,666.88, a decrease of 2.54% compared to CNY 1,278,419,638.94 in the same period last year[3] - Net profit attributable to shareholders was CNY 97,182,585.69, down 39.58% from CNY 160,851,094.64 year-on-year[3] - Total operating revenue for Q1 2022 was approximately CNY 1.25 billion, a decrease of 2.5% compared to CNY 1.28 billion in Q1 2021[15] - Net profit for Q1 2022 was approximately CNY 106.78 million, down 38.5% from CNY 173.63 million in Q1 2021[16] - Basic earnings per share decreased to CNY 0.26 from CNY 0.43 in the same period last year[17] - Tax expenses for Q1 2022 were approximately CNY 17.10 million, down from CNY 30.81 million in the previous year[16] - Other comprehensive income after tax showed a loss of approximately CNY 445.87 thousand, compared to a gain of CNY 168.93 thousand in Q1 2021[16] Cash Flow - The net cash flow from operating activities improved by 69.20%, reaching CNY -113,465,415.24 compared to CNY -368,442,247.53 in the previous year[3] - Cash flow from operating activities showed a net outflow of approximately CNY 113.47 million, an improvement from a net outflow of CNY 368.44 million in Q1 2021[18] - Cash flow from investing activities resulted in a net outflow of approximately CNY 302.34 million, compared to a net outflow of CNY 237.80 million in the previous year[20] - Cash flow from financing activities generated a net inflow of approximately CNY 288.80 million, down from CNY 931.64 million in Q1 2021[20] - The ending cash and cash equivalents balance was approximately CNY 567.04 million, a decrease from CNY 981.83 million at the end of Q1 2021[20] Assets and Liabilities - Total assets increased by 5.16% to CNY 7,238,255,556.57 from CNY 6,883,292,562.29 at the end of the previous year[3] - Current assets amounted to RMB 3,138,446,548.26, up from RMB 2,930,325,918.59, indicating an increase of about 7.1%[13] - The company's cash and cash equivalents decreased to RMB 930,641,977.76 from RMB 970,169,588.73, a decline of approximately 4.0%[12] - Accounts receivable rose significantly to RMB 496,270,352.64 from RMB 262,000,229.71, representing an increase of around 89.5%[12] - Inventory levels decreased to RMB 1,025,609,205.59 from RMB 1,065,709,257.32, a reduction of about 3.8%[13] - Total liabilities increased to RMB 4,251,100,897.43 from RMB 4,004,332,993.18, marking a rise of approximately 6.2%[14] - The company's equity attributable to shareholders reached RMB 2,799,825,271.18, up from RMB 2,701,468,431.73, reflecting an increase of about 3.6%[14] - Short-term borrowings rose to RMB 1,187,297,672.84 from RMB 1,063,637,697.40, an increase of approximately 11.7%[14] - The total non-current assets amounted to RMB 4,099,809,008.31, an increase from RMB 3,952,966,643.70, indicating a growth of approximately 3.7%[13] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,932[9] - The top shareholder, Li Ming, holds 19.79% of the shares, amounting to 73,734,050 shares, with 28,580,000 shares pledged[9] Financial Expenses and Income - The company reported a 101.35% increase in financial expenses, primarily due to increased interest from convertible bond issuance[7] - The company's investment income decreased by 60.76%, attributed to market supply and demand changes affecting the profitability of its associate company[7] Government Subsidies - The company received government subsidies amounting to CNY 3,558,204.49 during the reporting period[5] Audit Status - The first quarter report has not been audited[21]