LMZ(SH:600249)2024-04-25 08:07Financial Performance - The company's operating revenue for Q1 2024 was CNY 207,794,818.22, representing a year-on-year increase of 10.55%[5] - The net profit attributable to shareholders was a loss of CNY 1,274,521.77, with a significant decline compared to a profit of CNY 4,587,640.30 in the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 5,225,506.29, an increase from CNY 608,600.76 in the previous year[9] - The basic earnings per share for the quarter were -CNY 0.0023, a decrease from CNY 0.0083 in the same period last year[9] - Net profit for Q1 2024 was a loss of CNY 1.17 million, compared to a net profit of CNY 4.67 million in Q1 2023, representing a decline of 125.06%[21] - The company's basic earnings per share for Q1 2024 was -CNY 0.0023, down from CNY 0.0083 in Q1 2023[22] - The company reported a total profit loss of CNY 4.42 million in Q1 2024, compared to a profit of CNY 6.68 million in Q1 2023[21] Cash Flow - The net cash flow from operating activities was a negative CNY 14,258,810.76, indicating cash outflow during the quarter[5] - Cash inflow from operating activities in Q1 2024 was CNY 276.58 million, compared to CNY 210.05 million in Q1 2023, reflecting an increase of 31.6%[22] - Cash outflow from operating activities in Q1 2024 totaled CNY 290.84 million, up from CNY 227.76 million in Q1 2023, indicating a rise of 27.7%[23] - The net cash flow from operating activities for Q1 2024 was -CNY 14.26 million, an improvement from -CNY 17.71 million in Q1 2023[23] - Investment activities resulted in a net cash outflow of CNY 8.20 million in Q1 2024, compared to CNY 4.53 million in Q1 2023[23] - Total cash inflow from financing activities was $25 million, compared to $35 million in the previous period, indicating a decrease of 28.57%[24] - Cash outflow for debt repayment increased significantly to $34 million from $13 million, representing a rise of 161.54%[24] - The net cash flow from financing activities was negative at -$9.42 million, contrasting with a positive cash flow of $21.7 million in the prior period[24] - The net increase in cash and cash equivalents was -$31.88 million, compared to a slight decrease of -$531,420.43 previously[24] - The ending balance of cash and cash equivalents stood at $1.25 billion, down from $1.27 billion at the beginning of the period[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,622,389,607.62, showing a slight increase of 0.02% from the previous year[6] - The company's total current assets as of March 31, 2024, amounted to RMB 1,887,460,942.80, slightly up from RMB 1,883,579,504.99 at the end of 2023[14] - Cash and cash equivalents decreased to RMB 1,245,946,790.26 from RMB 1,277,823,841.14, reflecting a decline of approximately 2.5%[14] - Inventory increased significantly to RMB 296,013,647.83, up from RMB 252,292,080.98, marking a rise of about 17.3%[14] - Total liabilities as of March 31, 2024, were RMB 507,357,843.94, compared to RMB 505,751,467.09 at the end of 2023, indicating a slight increase[16] - The company's total assets reached RMB 2,622,389,607.62, a marginal increase from RMB 2,621,957,721.33 at the end of 2023[16] - The total equity attributable to shareholders was RMB 2,118,575,810.45, slightly down from RMB 2,119,850,332.22[16] - The equity attributable to shareholders was CNY 2,118,575,810.45, down 0.06% from the end of the previous year[6] Government Support and Expenses - The company received government subsidies amounting to CNY 2,740,383.68, which positively impacted the financial results[7] - Total operating costs for Q1 2024 were CNY 203.36 million, an increase of 8.16% from CNY 188.02 million in Q1 2023[20] - The company’s financial expenses in Q1 2024 were -CNY 11.06 million, compared to -CNY 5.85 million in Q1 2023, indicating a significant increase in financial costs[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,647[10] Product Development and Strategy - The company has not disclosed any significant new product developments or market expansion strategies during this reporting period[13] Accounting Standards - The company did not apply new accounting standards or interpretations starting in 2024[24]