LNCD(SH:600739)2024-04-29 10:28Financial Performance - Total operating revenue for Q1 2024 reached ¥2,460,529,664.29, representing a 19.01% increase compared to ¥2,067,470,409.28 in Q1 2023[1] - Net profit for Q1 2024 was ¥63,758,817.96, a decrease of 79.1% compared to ¥305,943,174.87 in Q1 2023[32] - Basic earnings per share for Q1 2024 was ¥0.0578, reflecting a decrease of 70.97% year-over-year[6] - Operating profit for Q1 2024 was CNY 150,432,595.64, down 53.5% from CNY 323,622,445.54 in Q1 2023[52] - Net profit for Q1 2024 was CNY 149,802,313.31, a decrease of 53.7% compared to CNY 323,004,759.81 in Q1 2023[52] - The total comprehensive income for Q1 2024 was CNY 293,474,308.35, down from CNY 346,392,977.93 in Q1 2023[52] Cash Flow - The net cash flow from operating activities for Q1 2024 was negative at ¥356,953,308.79, indicating a significant cash outflow[6] - Cash inflow from operating activities for Q1 2024 was CNY 2,903,754,131.16, an increase of 17.7% compared to CNY 2,465,915,001.72 in Q1 2023[36] - Cash outflow from operating activities for Q1 2024 was CNY 3,260,707,439.95, up from CNY 2,851,500,425.41 in Q1 2023, resulting in a net cash flow of CNY -356,953,308.79[36] - The company's cash flow from operating activities showed a net outflow of CNY 442,916,350.55 in Q1 2024, compared to an outflow of CNY 458,162,389.93 in Q1 2023[55] Assets and Liabilities - Total assets at the end of Q1 2024 amounted to ¥47,315,392,548.09, a slight increase of 0.88% from ¥46,900,699,100.93 at the end of the previous year[9] - Total liabilities increased to ¥15,500,399,591.96 from ¥15,277,444,416.41, marking a rise of 1.46%[27] - Total current assets as of March 31, 2024, were approximately ¥11.39 billion, compared to ¥11.37 billion at the end of 2023[18] - Total liabilities as of March 31, 2024, were CNY 13,982,575,866.92, slightly down from CNY 13,995,413,397.42 at the end of 2023[46] Shareholder Information - Total number of common shareholders at the end of the reporting period was 66,103[12] - The largest shareholder, Shaoguan Gaoteng Enterprise Management Co., Ltd., holds 234,004,700 shares, accounting for 15.30% of total shares[12] - The shareholder structure indicates that the top two shareholders, Guangxi Xinyi Business Service Co., Ltd. and Guangxi Rongtuo Decoration Engineering Co., Ltd., are acting in concert[14] Investment and Expenses - Research and development expenses increased to ¥58,997,464.13, up from ¥44,378,770.68 in the same period last year[1] - Investment income for Q1 2024 was ¥244,029,332.11, a decrease from ¥436,469,217.04 in Q1 2023[1] - The company reported a decrease in investment income to CNY 241,684,153.13 in Q1 2024 from CNY 430,109,535.18 in Q1 2023, representing a decline of 43.9%[50] - The company incurred financial expenses of CNY 76,972,546.48 in Q1 2024, down from CNY 86,518,648.81 in Q1 2023[50] Other Financial Metrics - The weighted average return on equity for Q1 2024 was 0.30%, a decrease of 0.75 percentage points compared to the previous year[6] - Other comprehensive income after tax for Q1 2024 was ¥144,034,915.40, compared to ¥23,397,728.46 in Q1 2023, indicating a significant increase[32] - The total equity attributable to shareholders rose to ¥29,025,878,357.62 from ¥28,794,321,339.86, an increase of 0.80%[27] - The total non-current assets amounted to ¥35,921,333,222.05, up from ¥35,526,849,435.63, representing an increase of 1.11%[25]