朗进科技(300594) - 2022 Q1 - 季度财报

Financial Performance - The company's revenue for Q1 2022 was CNY 123,668,797.98, representing a 5.56% increase compared to CNY 117,151,259.74 in the same period last year[3] - Net profit attributable to shareholders for Q1 2022 was CNY 1,229,835.20, a significant increase of 62.63% from CNY 756,232.66 year-on-year[3] - Basic earnings per share for Q1 2022 were CNY 0.0135, up 60.71% from CNY 0.0084 in the same quarter last year[3] - Total operating revenue for the first quarter was CNY 123,668,797.98, an increase of 5.8% compared to CNY 117,151,259.74 in the previous period[21] - The total profit for the first quarter was -24,742.88 thousand, compared to a profit of 1,495,678.40 thousand in the same period last year[22] - The net profit attributable to the parent company was 1,229,835.20 thousand, an increase from 756,232.66 thousand year-over-year[22] - Basic and diluted earnings per share were both 0.0135, up from 0.0084 in the previous year[23] Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 100,458,941.39, a decline of 102.57% compared to negative CNY 49,591,796.92 in the previous year[3] - Cash inflow from operating activities totaled 44,997,723.41, down from 58,416,241.68 year-over-year[23] - Cash outflow from operating activities increased to 145,456,664.80 from 108,008,038.60 in the previous year[23] - Investment activities resulted in a net cash outflow of -25,712,376.95, compared to -57,643,290.00 last year[25] - Financing activities generated a net cash outflow of -15,465,087.17, a decrease from a net inflow of 13,075,309.68 in the previous year[25] - The ending balance of cash and cash equivalents was 78,182,471.35, down from 112,700,082.77 year-over-year[25] - Cash and cash equivalents decreased to CNY 210,082,042.59 from CNY 356,596,284.51, a decline of 41.1%[17] Assets and Liabilities - Total assets at the end of Q1 2022 were CNY 1,417,233,362.33, a decrease of 0.48% from CNY 1,424,125,317.59 at the end of the previous year[3] - Total liabilities decreased to CNY 476,223,692.20 from CNY 488,515,226.11, a decline of 2.7%[19] - Accounts receivable increased to CNY 717,193,684.34 from CNY 649,549,162.13, representing a growth of 10.4%[17] - The company's inventory increased by 40.96% to CNY 150,745,757.49, driven by strategic stockpiling in response to market changes due to the pandemic[7] - Total number of restricted shares at the end of the period is 22,616,781 shares after the repurchase and cancellation of 7,500 shares[14] Shareholder Information - The total number of common shareholders at the end of the reporting period is 11,849[10] - The largest shareholder, Qingdao Langjin Group Co., Ltd., holds 22.80% of shares, totaling 20,735,000 shares, which are pledged[10] - Zhejiang Economic Construction Investment Co., Ltd. holds 13.20% of shares, totaling 12,000,000 shares[10] - The company completed the registration of the repurchase and cancellation of restricted shares on February 17, 2022[15] - The company’s total share capital decreased from 90,942,450 shares to 90,934,950 shares due to the cancellation of restricted shares[15] - The company has not disclosed any related party relationships among the top 10 unrestricted shareholders[11] - The company’s stock incentive plan allows for a 25% annual unlocking of restricted shares for executives[13] Operational Highlights - The company received government subsidies amounting to CNY 2,365,618.38, primarily related to industrial support[5] - The company reported a 263.80% increase in other income to CNY 3,296,365.03, mainly due to higher government subsidies received[7] - Contract liabilities surged by 525.25% to CNY 5,535,419.05, indicating a significant increase in advance payments received[7] - Financial expenses rose by 255.80% to CNY 1,153,553.33, attributed to increased short-term borrowings and reduced interest income[7] - The report indicates that there are no new product developments or market expansions mentioned in the current quarter[12] - There are no mergers or acquisitions reported in the current financial period[12] Research and Development - Research and development expenses increased to CNY 13,400,550.37 from CNY 12,481,974.36, reflecting a growth of 7.4%[21] Audit Status - The first quarter report was not audited[26]