Lanzhou Ls Heavy Equipment Co.Ltd(603169) ( Lanzhou Ls Heavy Equipment Co.Ltd(603169) ), which has just released the first quarterly report, ushered in a good start in 2022. In the first quarter of 2022, the company achieved an operating revenue of 907 million yuan, a year-on-year increase of 12.13%; The net profit attributable to shareholders of listed companies was 278339 million yuan, a year-on-year increase of 24.35%. During the reporting period, the company’s orders were full, the recovery of payment for goods increased significantly compared with the same period of last year, and the net cash flow from operating activities was 61.18 million yuan, which was significantly improved compared with -1.5899 million yuan last year.
In the first quarter of 2022, Lanzhou Ls Heavy Equipment Co.Ltd(603169) driven by the strategies of “transformation and upgrading” and “improving quality and efficiency”, achieved a good start in business performance. First of all, in 2021, the company actively transformed into a new energy equipment supplier, made multi-point layout in the new energy equipment industry, seized the market opportunity, vigorously explored the new energy equipment market such as photovoltaic polysilicon, nuclear energy and hydrogen energy and the energy engineering service market, with high-quality orders on hand of 1.04 billion yuan. The delivery and collection of these orders have laid a good foundation for the performance of the first quarter. Secondly, the company promoted the implementation of the “amoeba” business model and established a reward mechanism for exceeding business objectives, which significantly improved the quality and efficiency of operation. The performance rewards in the first quarter will be distributed and cashed to employees.
It is worth mentioning that the adjustment of China’s energy structure has driven the upgrading and transformation of the energy equipment industry. In 2022, the hydrogen energy policy and nuclear power policy were continuously introduced and implemented, and the new energy equipment industries such as nuclear energy, photovoltaic and hydrogen energy ushered in a period of major development opportunities Lanzhou Ls Heavy Equipment Co.Ltd(603169) adhere to innovation driven, strengthen technological advantages and increase investment in scientific and technological research and development. In the first quarter, the investment in R & D expenses was 137139 million yuan, an increase of 71.90% year-on-year.
Lanzhou Ls Heavy Equipment Co.Ltd(603169) said that due to the long production cycle of energy equipment products, such as the production cycle of cold hydrogenation reactor is about 6-8 months, the operating revenue failed to keep pace with the increase of orders in the first quarter. In the future, with the delivery and settlement of orders, it will be reflected in different accounting periods. From January to March, the overall sales collection of the company is good. (CIS)
