Loctek(SZ:300729)2022-04-25 16:00Financial Performance - The company's revenue for Q1 2022 was ¥763,629,721.35, representing a 15.83% increase compared to ¥659,269,770.75 in the same period last year[3] - Net profit attributable to shareholders decreased by 43.64% to ¥18,014,978.73 from ¥31,962,259.95 year-on-year[3] - Basic earnings per share dropped by 55.56% to ¥0.08 from ¥0.18 in the same quarter last year[3] - Total operating revenue for the first quarter was CNY 763,629,721.35, an increase of 15.8% compared to CNY 659,269,770.75 in the previous year[24] - Net profit for the quarter was CNY 18,017,529.67, a decrease of 43.5% from CNY 31,915,499.11 in the previous year[25] - The company reported a gross profit margin of approximately 39.7% for the quarter, down from 42.0% in the previous year[25] Cash Flow - The net cash flow from operating activities was negative at ¥-15,710,545.86, a decline of 352.22% compared to ¥6,228,936.98 in the previous year[3] - Cash inflow from operating activities was CNY 797,310,439.88, compared to CNY 770,302,738.32 in the previous year[29] - Cash outflow from investing activities totaled CNY 428,202,022.23, significantly higher than CNY 147,971,644.39 in the previous year[30] - Net cash flow from investing activities was negative CNY 416,760,047.63, compared to negative CNY 105,844,622.48 in the previous year[30] - Cash inflow from financing activities was CNY 426,006,417.06, up from CNY 232,483,377.23 in the previous year[30] - Net cash flow from financing activities was CNY 186,376,442.08, an increase from CNY 29,683,891.20 in the previous year[30] - The ending balance of cash and cash equivalents was CNY 813,878,675.02, compared to CNY 363,692,466.83 at the end of the previous year[30] Assets and Liabilities - Total assets increased by 15.11% to ¥4,641,217,163.52 from ¥4,032,067,491.89 at the end of the previous year[3] - Total liabilities rose to CNY 2,721,662,956.53, compared to CNY 2,126,704,436.96 at the beginning of the year, marking an increase of 28.0%[22] - Long-term borrowings increased to CNY 462,861,008.00, up from CNY 287,930,264.57, indicating a rise of 60.7%[22] - The company’s total equity reached CNY 1,919,554,206.99, an increase from CNY 1,905,363,054.94 at the beginning of the year, reflecting a growth of 0.8%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,121[10] - The top shareholder, Ningbo Lijing Electric Group Co., Ltd., held a 23.07% stake, amounting to 50,914,906 shares[11] - The company’s major shareholders control a combined 54.67% of the shares, indicating a strong alignment in management and ownership[12] - The company has a total of 46,496,782 restricted shares, with no new restrictions added during the reporting period[15] Operational Insights - The company increased investment in product R&D, automation processes, and information technology, which may lead to a gradual improvement in sustainable development capabilities[17] - The average shipping cost for a 40HQ container rose from approximately $6,000 in Q1 2021 to about $15,000 in Q1 2022, impacting cross-border e-commerce revenue by 14.45%[17] - The company plans to mitigate shipping costs by constructing an 1,800TEU container ship, expected to be delivered in Q1 2023, which will enhance inventory turnover and reduce delivery times[17] - The average exchange rate of the US dollar increased from 6.51 to 6.36, while the euro rose from 7.86 to 7.12, prompting the company to consider increasing foreign exchange hedging to manage risks[17] - The company’s self-owned brand awareness and market share have further improved, contributing to sales growth despite external challenges[16] - The company is focused on building independent sales channels and private traffic to enhance brand development[17] Research and Development - Research and development expenses were CNY 30,001,338.00, representing an increase of 11.0% compared to CNY 27,013,735.57 last year[25] Audit Status - The report for the first quarter was not audited[31]