LONGLI(SZ:300752)2022-04-26 16:00Revenue and Profitability - Revenue for Q1 2022 was ¥315,501,036.75, a decrease of 32.43% compared to ¥466,912,104.30 in the same period last year[4] - Net profit attributable to shareholders was -¥18,749,066.91, an improvement of 45.90% from -¥34,655,687.21 year-on-year[4] - Total operating revenue for Q1 2022 was CNY 315,501,036.75, a decrease of 32.4% compared to CNY 466,912,104.30 in the same period last year[30] - The net profit attributable to the parent company for Q1 2022 was -18,749,066.91 CNY, compared to -34,655,687.21 CNY in the same period last year, showing an improvement of approximately 46%[32] - The total profit (loss) for Q1 2022 was -28,506,680.23 CNY, an improvement from -40,591,785.80 CNY in Q1 2021, indicating a reduction in losses of approximately 29.8%[31] - The basic earnings per share for Q1 2022 were -0.090 CNY, compared to -0.18 CNY in the same quarter last year, showing a decrease in losses per share[32] Cash Flow and Financial Position - Net cash flow from operating activities increased by 101.50% to ¥72,301,025.08, compared to ¥35,882,189.83 in the previous year[4] - Cash and cash equivalents at the end of Q1 2022 amounted to CNY 462,729,690.26, an increase of 19.5% from CNY 387,218,104.80 at the beginning of the year[25] - The company reported cash inflows from financing activities of 108,884,167.26 CNY in Q1 2022, compared to 106,186,426.78 CNY in Q1 2021, indicating a slight increase of about 2.5%[38] Assets and Liabilities - Total assets decreased by 9.57% to ¥2,324,023,404.32 from ¥2,569,888,936.66 at the end of the previous year[5] - Total liabilities at the end of Q1 2022 were CNY 1,238,063,775.14, down 16.8% from CNY 1,488,373,114.69 at the beginning of the year[28] - The company's equity attributable to shareholders was CNY 1,085,704,039.25, a slight increase from CNY 1,081,101,093.00 at the beginning of the year[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,363[14] - As of March 31, 2022, Wu Xinli holds 93,875,013 shares, accounting for 44.71% of the total share capital[17] - Lu Xiaoxia directly holds 3,404,798 shares and indirectly holds 12,502,612 shares through Shenzhen Xinsongjie Investment Co., Ltd., totaling 13.20% of the shares[17] - Shenzhen Xinsongjie Investment Co., Ltd. is the largest shareholder, holding 24,319,985 shares, which is 11.58% of the total share capital[17] - The total number of restricted shares held by Wu Xinli is 70,406,260, with no shares released during the period[19] - The total number of restricted shares held by Lu Xiaoxia is 2,553,598, with no shares released during the period[19] - The company has a total of 74,502,256 restricted shares, with 132,850 shares released during the period[20] - The company’s overall shareholding structure shows a significant concentration among a few major shareholders, indicating potential stability in governance[17] Expenses and Cost Management - Management expenses decreased by 33.13% compared to the same period last year, mainly due to the absence of equity incentive expenses[11] - Sales expenses decreased by 42.18% compared to the previous year, mainly due to reduced travel expenses from the pandemic[15] - Total operating costs for Q1 2022 were CNY 341,477,660.44, down 32.3% from CNY 504,656,586.45 in Q1 2021[30] - Research and development expenses for Q1 2022 were 24,126,335.06 CNY, slightly higher than 23,436,070.17 CNY in Q1 2021, reflecting a year-over-year increase of about 3%[31] - The company incurred financial expenses of 2,039,267.95 CNY in Q1 2022, down from 3,263,496.89 CNY in the same period last year, representing a reduction of about 37.5%[31] Inventory and Receivables - Accounts receivable decreased by 31.91%, primarily due to a decline in sales[10] - Accounts receivable decreased to CNY 488,974,160.39 in Q1 2022, down 31.9% from CNY 718,152,889.77 at the beginning of the year[26] - Inventory decreased to CNY 123,063,478.52 in Q1 2022, down 14.5% from CNY 143,922,818.78 at the beginning of the year[26] Future Plans - The company plans to continue its stock issuance to specific targets as part of its capital raising strategy[22]