Lead Power(SZ:300530)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥38,653,117.35, representing a 71.89% increase compared to ¥22,487,251.62 in the same period last year[4] - The net profit attributable to shareholders was -¥93,177,360.90, a decline of 147.61% from -¥37,629,986.93 year-on-year[4] - The net cash flow from operating activities was -¥96,627,419.38, a significant decrease of 1,031.85% compared to -¥8,537,110.88 in the previous year[4] - Total operating revenue for Q1 2022 was CNY 38,653,117.35, an increase of 72% compared to CNY 22,487,251.62 in Q1 2021[21] - Net loss for Q1 2022 was CNY 93,220,219.61, compared to a net loss of CNY 37,744,437.64 in Q1 2021, representing an increase in losses of 147%[22] - The company reported a gross profit margin of approximately -144% for Q1 2022, compared to -63% in Q1 2021[21] - Basic and diluted earnings per share for Q1 2022 were both -CNY 0.59, compared to -CNY 0.24 in Q1 2021[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,842,517,766.65, a slight increase of 0.42% from ¥1,834,777,304.54 at the end of the previous year[4] - The total liabilities as of the end of Q1 2022 were CNY 1,711,191,607.37, an increase from CNY 1,646,932,770.51 at the end of Q1 2021[21] - The company's total equity attributable to shareholders decreased by 48.70% to ¥96,369,017.99 from ¥187,844,534.03[4] - Current assets totaled CNY 397,394,985.50, up from CNY 375,813,483.67 at the beginning of the year, indicating a growth of approximately 5.1%[17] - The total non-current assets were CNY 1,445,122,781.15, slightly down from CNY 1,458,963,820.87 at the beginning of the year[17] Cash Flow - The cash and cash equivalents at the end of the period were ¥160,501,271.75, down 36.59% from ¥253,101,050.62, reflecting ongoing investments in new energy battery operations[8] - The net cash flow from investment activities was -21,354,302.34, compared to -25,435,625.70 in the previous period[26] - Cash inflow from financing activities totaled 86,000,000.00, while outflow was 17,904,324.47, resulting in a net cash flow of 68,095,675.53[26] - The ending balance of cash and cash equivalents was 160,501,271.75, down from 253,101,050.62 in the previous period[26] - The company experienced a cash decrease of 49,886,046.19 during the period[26] Inventory and Costs - The company reported a significant increase in inventory, which rose by 114.95% to ¥109,866,757.77, attributed to the ramp-up in production capacity for new energy batteries[7] - The company reported a substantial increase in operating costs, which rose by 204.35% to ¥43,464,550.92, linked to the production ramp-up of new energy batteries[7] - Total operating costs for Q1 2022 were CNY 116,863,493.24, up 85% from CNY 63,075,167.96 in the same period last year[21] Expenses - The company reported a significant increase in financial expenses surged by 837.02% to ¥13,010,678.02, primarily due to increased borrowing costs[8] - Research and development expenses for Q1 2022 were CNY 20,632,800.14, compared to CNY 18,088,280.38 in Q1 2021, reflecting an increase of 14%[21] - Sales expenses for Q1 2022 amounted to CNY 3,087,667.74, up from CNY 2,640,971.69 in the previous year, indicating a rise of 17%[21] Shareholder Information - The company reported a total of 40,130,767 restricted shares held by shareholder Cai Zhihua, with no shares released during the period[13] - The company received government subsidies amounting to ¥3,300,593.36, which is a decrease of 42.22% compared to the previous year[8] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[15] - The report for the first quarter was not audited, which may affect the reliability of the financial data presented[28]