Ligao Foods (SZ:300973)2022-04-24 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 629,590,842.95, representing an increase of 8.83% compared to CNY 578,509,596.23 in the same period last year[3] - Net profit attributable to shareholders decreased by 45.29% to CNY 40,020,182.45 from CNY 73,153,248.24 year-on-year[3] - The basic earnings per share fell by 58.98% to CNY 0.2363, down from CNY 0.5760 in the previous year[3] - Total operating revenue for the current period reached ¥629,590,842.95, an increase of 8.5% compared to ¥578,509,596.23 in the previous period[31] - Net profit for the current period was ¥40,020,182.45, a decrease of 45.2% compared to ¥73,153,248.24 in the previous period[33] - The basic and diluted earnings per share for the current period were both ¥0.2363, down from ¥0.5760 in the previous period[35] Assets and Liabilities - The company's total assets decreased by 2.90% to CNY 2,459,177,749.09 from CNY 2,532,751,088.67 at the end of the previous year[3] - Total assets amounted to ¥2,459,177,749.09, a decrease from ¥2,532,751,088.67 in the previous period[30] - Total liabilities decreased to ¥414,110,788.51 from ¥547,173,043.87 in the previous period, reflecting a reduction of 24.3%[30] - The company's equity attributable to shareholders increased to ¥2,045,066,960.58 from ¥1,985,578,044.80, representing a growth of 3.0%[30] - The company reported a significant reduction in non-current assets, with fixed assets totaling RMB 551,144,443.65 at the end of the period[25] Cash Flow - The net cash flow from operating activities was CNY 50,643,443.87, a decline of 3.85% compared to CNY 52,673,733.57 in the same period last year[3] - The cash inflow from operating activities totaled ¥762,273,325.73, an increase of 22.2% compared to ¥623,770,961.59 in the previous period[38] - The net cash outflow from operating activities was ¥711,629,881.86, resulting in a net cash flow from operating activities of ¥50,643,443.87, down 3.9% from ¥52,673,733.57 in the previous period[38] - The cash outflow for investing activities was ¥133,832,106.94, compared to ¥209,011,713.22 in the previous period, indicating a decrease of 36.0%[40] - The net cash flow from financing activities was -¥5,631,379.56, a significant decline from a positive cash flow of ¥16,133,046.03 in the previous period[40] Expenses - Research and development expenses increased by 65.81% to CNY 21,867,096.80 from CNY 13,187,674.71 year-on-year, indicating a focus on innovation[7] - Management expenses surged by 133.81% to CNY 55,870,580.30 from CNY 23,895,401.68, primarily due to increased share-based payments and other costs[7] - Total operating costs for the current period were ¥584,226,207.95, up 20.4% from ¥485,289,775.25 in the previous period[31] Shareholder Information - The company has a total of 131,234,000 shares held by major shareholders, with the largest shareholder holding 15.29% of the total share capital[16] - The company has a total of 25,889,000 restricted shares held by 彭裕辉, which will be released on April 15, 2024[19] Strategic Focus - The company plans to maintain its focus on market expansion and new product development in the upcoming quarters[18] - The company has established strategic partnerships to enhance its market presence and operational efficiency[18] - The company is actively exploring mergers and acquisitions to strengthen its market position and drive growth[18] Other Financial Metrics - The weighted average return on equity dropped to 2.00% from 10.62% in the previous year, reflecting a significant decline in profitability[3] - The company reported a decrease in accounts receivable by 30.52% to CNY 139,211,209.10, attributed to reduced revenue[7] - The company reported a total current assets of RMB 1,157,614,376.84 at the end of the period, down from RMB 1,332,763,227.91 at the beginning of the year, representing a decrease of approximately 13.1%[25] - Cash and cash equivalents decreased to RMB 695,211,067.75 from RMB 784,031,110.38, reflecting a decline of about 11.3%[25] - Accounts receivable decreased to RMB 139,211,209.10 from RMB 200,362,337.49, indicating a reduction of approximately 30.6%[25] - Inventory decreased to RMB 246,592,966.19 from RMB 281,937,175.33, showing a decline of about 12.6%[25] Audit Information - The company did not conduct an audit for the first quarter report[41]