Lead Power(SZ:300530)2022-05-27 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-over-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] - The company's weighted average return on equity was -65.96%, down from -12.64% in the same period last year, indicating a worsening financial performance[4] - Total operating revenue for Q1 2022 was CNY 38,653,117.35, an increase from CNY 22,487,251.62 in Q1 2021, representing a growth of 72%[21] - Total operating costs for Q1 2022 reached CNY 116,863,493.24, up from CNY 63,075,167.96 in the same period last year, indicating a rise of 85%[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, reflecting an increase in losses of 147%[22] - The company reported a basic and diluted earnings per share of negative CNY 0.59 for Q1 2022, compared to negative 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] - Total liabilities as of Q1 2022 were CNY 1,711,191,607.37, an increase from CNY 1,646,932,770.51 in the previous year[21] - The company's total equity attributable to shareholders was CNY 96,369,017.99, down from CNY 187,844,534.03 in the previous year[21] Cash Flow - Cash received from operating activities in Q1 2022 was CNY 52,414,315.73, compared to CNY 62,551,005.96 in Q1 2021, indicating a decrease of 16%[25] - The net cash flow from investment activities was -21,354,302.34 CNY, compared to -25,435,625.70 CNY in the previous period[26] - The total cash inflow from financing activities was 86,000,000.00 CNY, while the outflow was 17,904,324.47 CNY, resulting in a net cash flow of 68,095,675.53 CNY[26] - The cash and cash equivalents at the end of the period amounted to 160,501,271.75 CNY, down from 253,101,050.62 CNY in the previous period[26] - The initial cash and cash equivalents balance was 210,387,317.94 CNY[26] Inventory and Receivables - Inventory increased by 114.95% to ¥109,866,757.77, attributed to the ramp-up in production capacity for new energy power batteries[7] - Accounts receivable increased to CNY 52,951,529.19 from CNY 46,827,685.51, showing a rise of approximately 13.5%[16] - Inventory surged to CNY 109,866,757.77, up from CNY 51,112,970.77, indicating a significant increase of around 115.5%[16] - Accounts payable increased to CNY 137,235,811.11 from CNY 114,174,810.82, indicating a growth of about 20.2%[17] Expenses - Research and development expenses for Q1 2022 amounted to CNY 20,632,800.14, compared to CNY 18,088,280.38 in Q1 2021, marking an increase of 14%[21] - Sales expenses in Q1 2022 were CNY 3,087,667.74, up from CNY 2,640,971.69 in Q1 2021, which is an increase of 17%[21] - The company's financial expenses surged by 837.02% to ¥13,010,678.02, primarily due to increased borrowing costs[8] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 4,773[10] - The company reported a total of 40,130,767 shares under lock-up for shareholder Cai Zhihua, with no shares released during the period[13] Government Subsidies - 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[14] - The company’s first-quarter report was not audited[28]