LSR(SZ:002858)2023-04-18 16:00Financial Performance - The company's revenue for Q1 2023 reached ¥92,469,140.11, representing a 71.30% increase compared to ¥53,981,645.13 in the same period last year[5] - Net profit attributable to shareholders was ¥10,260,232.88, a significant turnaround from a loss of ¥15,341,384.07 in the previous year, marking a 166.88% improvement[5] - Basic earnings per share improved to ¥0.0641 from a loss of ¥0.0987, reflecting a 164.94% increase[5] - Net profit for Q1 2023 was ¥26,298,340.68, a turnaround from a net loss of ¥12,250,434.19 in Q1 2022, reflecting a substantial improvement in profitability[23] - The company reported a comprehensive income total of ¥27,863,837.82, compared to a comprehensive loss of ¥12,709,474.45 in the previous year[24] Cash Flow - The net cash flow from operating activities was ¥20,087,130.34, showing a slight increase of 1.78% from ¥19,735,360.38 in the prior year[5] - Cash flow from operating activities generated a net inflow of ¥20,087,130.34, slightly up from ¥19,735,360.38 in Q1 2022[25] - The net cash flow from investment activities was -CNY 16,718,195.73, a decrease from -CNY 137,286,150.10 in the previous year[27] - Cash inflow from financing activities totaled CNY 120,159,402.48, compared to CNY 97,850,100.00 in the previous year[27] - The net cash flow from financing activities was CNY 42,856,709.18, down from CNY 75,162,820.43 year-over-year[27] - The net increase in cash and cash equivalents for the quarter was CNY 46,125,456.29, contrasting with a decrease of CNY 44,222,202.48 in the same period last year[27] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,078,528,996.71, up 4.71% from ¥1,030,027,242.65 at the end of the previous year[5] - The total current liabilities decreased to RMB 223,065,836.10 from RMB 239,407,081.96, a reduction of approximately 6.8%[19] - The total liabilities decreased to ¥249,327,556.65 from ¥262,837,147.08, a reduction of 5.2%, reflecting improved financial health[23] - The total equity attributable to shareholders increased to ¥725,962,334.08 from ¥674,098,236.52, marking a growth of 7.6% year-over-year[23] Investments and Expenses - Research and development expenses decreased by 32.80% to ¥2,743,757.72, due to a reduction in R&D personnel[10] - The company achieved a significant increase in investment income, reporting ¥832,458.94 compared to ¥780,768.99 in the previous year, indicating a positive trend in investment performance[23] - The company reported a significant increase in prepayments, which rose by 282.60% to ¥17,871,033.62, primarily due to new race car purchases[10] - Operating costs amounted to ¥70,611,580.46, slightly up from ¥69,043,840.09, indicating a cost increase of 2.3% year-over-year[22] Shareholder Information - The company reported a total of 121,700 stock options exercised under the 2021 stock option incentive plan, increasing the total share capital to 160,047,538 shares[14] - The company completed a change in the shareholding structure of its subsidiary, Shanghai Lisheng Sports Culture Communication Co., Ltd., which is now wholly owned by Lisheng Yundong, with a registered capital of RMB 10 million[16] Other Financial Metrics - The company received government subsidies that contributed to a 338.12% increase in other income, totaling ¥486,331.55 compared to ¥111,004.05 in the previous year[10] - The company's cash and cash equivalents increased to RMB 229,510,495.45 from RMB 183,385,039.16, representing a growth of about 25.2%[18] - The company's inventory increased to RMB 64,346,530.46 from RMB 61,870,980.49, showing a growth of approximately 4.0%[18] - The company's long-term equity investments rose to RMB 203,460,963.46 from RMB 188,060,963.46, indicating an increase of about 8.2%[19] - The company's other receivables rose to RMB 13,703,649.45 from RMB 11,906,219.59, an increase of about 15.1%[18] Audit Information - The company did not conduct an audit for the first quarter report[28]