LGWH(601599)2024-04-26 08:56Financial Performance - The company's operating revenue for Q1 2024 was CNY 615,785,705.89, representing a decrease of 10.11% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 35,479,692.97, an increase of 2.75% year-on-year[5]. - Total operating revenue for Q1 2024 was ¥615,785,705.89, a decrease of 10.1% compared to ¥685,047,279.04 in Q1 2023[19]. - Net profit for Q1 2024 increased to ¥36,479,451.77, compared to ¥35,231,918.45 in Q1 2023, reflecting a growth of 3.5%[20]. - The basic earnings per share remained at CNY 0.03, unchanged from the previous year[5]. - Basic and diluted earnings per share remained stable at ¥0.03 for both Q1 2024 and Q1 2023[21]. Cash Flow - The net cash flow from operating activities was negative at CNY -303,367,516.93, indicating a significant cash outflow[5]. - In Q1 2024, the cash inflow from operating activities was $466,011,052.88, a decrease of 1.85% compared to $473,893,729.19 in Q1 2023[24]. - The net cash outflow from operating activities was -$303,367,516.93, improving from -$398,977,814.78 in the same period last year[24]. - Cash inflow from investment activities totaled $81,188,607.97, down from $86,011,010.82 in Q1 2023, resulting in a net cash outflow of -$57,220,373.80 compared to -$2,700,287.63 last year[25]. - Cash inflow from financing activities was $308,357,309.56, a decrease from $394,162,766.00 in Q1 2023, with a net cash inflow of $185,797,858.83 compared to $137,699,184.71 last year[25]. - The ending cash and cash equivalents balance was $535,948,885.76, slightly up from $522,873,258.07 in Q1 2023[25]. Assets and Liabilities - Total assets at the end of Q1 2024 reached CNY 3,302,813,963.50, up 5.35% from the end of the previous year[6]. - The company's total assets reached ¥3,302,813,963.50, up from ¥3,135,134,615.58 in the previous year, marking an increase of 5.3%[15]. - Total liabilities amounted to ¥1,849,458,857.44, an increase of 7.6% from ¥1,718,181,313.30 in Q1 2023[15]. - Shareholders' equity attributable to the parent company increased to CNY 1,430,104,035.28, a rise of 2.54% compared to the end of last year[6]. - The company's equity attributable to shareholders was ¥1,430,104,035.28, up from ¥1,394,701,990.30, indicating a growth of 2.5%[15]. Expenses - Total operating costs for Q1 2024 were ¥569,259,833.61, down 10.5% from ¥636,119,478.70 in Q1 2023[19]. - Research and development expenses for Q1 2024 were ¥10,891,948.04, an increase of 12.4% from ¥9,689,719.83 in Q1 2023[19]. - The company reported a decrease in financial expenses to ¥1,199,711.83 from ¥4,069,165.37 in Q1 2023, a reduction of 70.5%[19]. - The company paid $114,244,025.67 in employee compensation, an increase from $106,711,963.30 in Q1 2023[24]. - The cash outflow for purchasing goods and services was $594,205,086.08, a decrease from $604,868,668.79 in the same quarter last year[24]. Other Financial Metrics - The weighted average return on equity decreased by 0.12 percentage points to 2.51%[5]. - The company reported non-recurring gains and losses totaling CNY 9,016,589.02 for the period[6]. - Other comprehensive income after tax for Q1 2024 was -¥77,647.99, slightly improved from -¥85,856.63 in Q1 2023[20]. - The company received $9,288,375.72 in tax refunds, down from $22,664,072.31 in the previous year[24]. - The company reported a cash inflow of $81,000,000.00 from other investment activities, down from $85,823,000.00 in Q1 2023[25]. - The impact of exchange rate changes on cash and cash equivalents was $377,162.93, compared to -$3,593,654.82 in Q1 2023[25].