LH(SH:600099)2024-04-26 12:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 201,633,840.13, representing a slight increase of 0.15% compared to the same period last year[4]. - The net profit attributable to shareholders decreased by 17.13% to CNY 2,004,097.58, while the net profit after deducting non-recurring gains and losses fell by 17.78% to CNY 1,974,677.83[4]. - The basic and diluted earnings per share were both CNY 0.0091, reflecting a decrease of 17.27% year-on-year[4]. - Total operating revenue for Q1 2024 was ¥201,633,840.13, a slight increase of 0.15% compared to ¥201,338,407.77 in Q1 2023[15]. - Net profit for Q1 2024 decreased to ¥2,004,097.58, down 17.2% from ¥2,418,292.47 in Q1 2023[16]. - Total profit for Q1 2024 was ¥2,653,994.38, a slight increase from ¥2,539,876.26 in Q1 2023[16]. Assets and Liabilities - Total assets increased by 8.22% to CNY 917,068,477.70 compared to the end of the previous year[4]. - The company's total liabilities increased to RMB 406,719,713.49 from RMB 337,689,701.34, reflecting a rise of about 20.4%[13]. - Current assets reached RMB 660,200,528.06, up from RMB 623,338,988.94, indicating an increase of approximately 5.9%[11]. - The company's cash and cash equivalents rose to RMB 276,071,572.05 from RMB 240,827,895.99, marking an increase of around 14.6%[11]. - The company reported a total current liability of RMB 371,171,932.94, which is an increase from RMB 302,414,237.58, representing a rise of approximately 22.8%[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 15,386[8]. - The largest shareholder, China Fuma Machinery Group Co., Ltd., holds 42.10% of the shares, amounting to 92,256,920 shares[8]. Cash Flow and Expenses - Operating cash flow for Q1 2024 was ¥35,544,072.83, a significant improvement from a negative cash flow of -¥22,543,887.62 in Q1 2023[17]. - Cash and cash equivalents at the end of Q1 2024 increased to ¥267,171,773.30, compared to ¥85,677,575.61 at the end of Q1 2023[18]. - Research and development expenses for Q1 2024 were ¥7,940,673.27, an increase of 13.6% from ¥6,989,733.89 in Q1 2023[15]. - The company reported a decrease in tax expenses to ¥649,896.80 in Q1 2024 from ¥121,583.79 in Q1 2023[16]. - The company experienced a net cash outflow from investing activities of -¥2,716,751.07 in Q1 2024, compared to -¥2,539,723.40 in Q1 2023[18]. Inventory and Receivables - Accounts receivable decreased by 45.95% due to a reduction in bank acceptance bills held at the end of the reporting period[5]. - Prepayments increased by 46.28% as a result of higher advance payments for external procurement of materials[5]. - Accounts receivable increased to RMB 161,372,360.37 from RMB 138,034,459.05, which is a growth of about 16.9%[11]. - The company's inventory stood at RMB 133,884,146.53, compared to RMB 129,064,006.72, reflecting an increase of about 3.1%[11]. Other Information - The company has not disclosed any significant new product developments or market expansion strategies in this quarter[10]. - There are no significant changes in the shareholder structure or related party transactions reported during this period[10].