Securities code: Lingnan Eco&Culture-Tourism Co.Ltd(002717) securities abbreviation: Lingnan Eco&Culture-Tourism Co.Ltd(002717) Announcement No.: 2022035 Lingnan Eco&Culture-Tourism Co.Ltd(002717)
First quarter report 2022
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions. Important content tips: whether directors, supervisors and senior managers have objections to the contents of the quarterly report or cannot guarantee its authenticity, accuracy and completeness □ yes √ No 1 The board of directors, the board of supervisors, directors, supervisors and senior managers guarantee that the quarterly report is true, accurate and complete without false records, misleading statements or major omissions, and bear individual and joint legal liabilities. 2. The person in charge of the company, the person in charge of accounting and the person in charge of the accounting organization (Accounting Supervisor) declare that they guarantee the authenticity, accuracy and completeness of the financial information in the quarterly report. 3. Whether the first quarter report has been audited □ yes √ No 4 Matters on which the auditor gives non-standard opinions □ applicable √ not applicable I. main financial data (I) main accounting data and financial indicators does the company need to retroactively adjust or restate the accounting data of previous years □ yes √ no
In the same period of last year, the current reporting period increased over the same period of last year
reduce
Operating income (yuan): 4641522928489044617886 – 47.87%
Net profit attributable to shareholders of the listed company (yuan) -5977101779 16,250673.19 -467.81%
Deduction attributable to shareholders of listed companies non recurring -6153228901 2,149282.41 -2,962.92%
Net profit of profit and loss (yuan)
Net cash flow from operating activities (yuan) -6132879006 -798104,313.21 92.32%
Basic earnings per share (yuan / share) -0.04 0.01 – 500.00%
Diluted earnings per share (yuan / share) -0.03 0.01 – 400.00%
Weighted average return on net assets -1.18%, 0.36% – 1.54%
At the end of the reporting period, compared with the end of the previous year
Increase or decrease
Total assets (yuan): 17862892384481908 Loncin Motor Co.Ltd(603766) 469 – 6.41%
Owner’s equity attributable to shareholders of the listed company 477921939233483753422286 – 1.21% (yuan) total share capital of the company as of the trading day before disclosure:
Total share capital (shares) of the company as of the trading day before disclosure 1684847178
Fully diluted earnings per share calculated using the latest share capital:
Preferred stock dividend paid (yuan) 0.00
Interest paid on perpetual bonds (yuan) 0.00
Fully diluted earnings per share calculated with the latest share capital (yuan / share) -0.0355
（2） □ amount of non recurring items and inapplicability
Unit: Yuan
Description of the amount of the project in the current reporting period
Gains and losses on disposal of non current assets (including write off department with provision for asset impairment) – 12385619
(sub) government subsidies included in current profits and losses (closely related to the company’s normal business,
Enjoy a certain quota or quota in accordance with the national policy 2693140
Government subsidies excluded)
Other non operating income and expenditure other than the above -14220014
Less: income tax impact 39995145
Influence amount of minority shareholders’ equity (after tax) 26606240
Total 176127122–
Details of other profit and loss items that meet the definition of non recurring profit and loss: □ applicable √ not applicable. The company does not have details of other profit and loss items that meet the definition of non recurring profit and loss.
Description of defining the non recurring profit and loss items listed in the explanatory announcement on information disclosure of companies offering securities to the public No. 1 – non recurring profit and loss as recurring profit and loss items □ applicable √ not applicable the company does not define the non recurring profit and loss items listed in the explanatory announcement on Information Disclosure of companies offering securities to the public No. 1 – non recurring profit and loss as recurring profit and loss items. （3） Changes and reasons of main accounting data and financial indicators √ applicable □ not applicable
In the first quarter of 2022, the company achieved an operating revenue of 464152300 yuan and a net profit attributable to shareholders of listed companies of – 59.771 million yuan, mainly due to the impact of the Spring Festival holiday in the first quarter, which is usually the off-season of project construction; In addition, since February, there have been repeated epidemics in Shenzhen, Dongguan, Shanghai and other cities where the company and its main subsidiaries are located, the personnel have been in the state of home office one after another, the normal development of business has been affected, the construction progress of ecological projects and cultural and tourism facilities construction projects has been delayed, and the exhibition projects have been generally delayed or cancelled. The above factors together led to a significant decline in revenue and net profit in the first quarter.
The reasons for the changes of main financial data and indicators are as follows:
(I) changes and reasons of items in the consolidated balance sheet
1. The ending balance of receivables financing was 5 million yuan, a decrease of 67.74% compared with the beginning of the period, mainly due to the termination of recognition of bank acceptance bills receivable at maturity.
2. The ending balance of contract liabilities was 5219685 million yuan, an increase of 31.60% over the beginning of the period, mainly due to the increase of project funds received in advance.
3. The ending balance of employee compensation payable was 714642 million yuan, an increase of 32.78% over the beginning of the period, mainly due to the increase of accrued compensation.
4. The ending balance of long-term accounts payable was 217644 million yuan, an increase of 39.20% over the beginning of the period, mainly due to new financial lease payments.
(II) changes and reasons of items in the consolidated income statement
1. The amount of operating revenue in the current period was 464152300 yuan, a decrease of 47.87% over the same period of last year, and the amount of operating cost in the current period was 413176500 yuan, a decrease of 44.96% over the same period of last year, which was mainly due to the delay of project implementation due to the influence of Spring Festival holidays and repeated epidemics in many places.
2. The amount of taxes and surcharges incurred in the current period was 2.7323 million yuan, a decrease of 39.25% over the same period of last year, mainly due to the decrease of income in the current period and the decrease of corresponding accrued taxes and surcharges.
3. The amount of sales expenses in this period was 9.692 million yuan, a decrease of 33.10% over the same period of last year, mainly due to the reduction of expenses due to the impact of the epidemic. 4. The amount of R & D expenses in this period was 207518 million yuan, a decrease of 51.39% over the same period of last year, which was mainly due to the impact of the epidemic and the delay of the establishment of some R & D projects.
5. The amount of financial expenses incurred in the current period was 666982 million yuan, an increase of 39.18% over the same period of last year, mainly due to the decrease in the amortization of unrecognized financing income.
6. The amount of investment income in the current period was 2.4467 million yuan, a decrease of 213.65% over the same period of last year, mainly due to the recognition of investment income from the disposal of equity of subsidiaries in the same period of last year.
7. The reversal of asset impairment loss in the current period was 248216 million yuan, an increase of 41.86% over the same period of the previous year, which was mainly due to the increase in project settlement in the current period and the decrease in contract asset impairment loss accrued accordingly.
8. The amount of non operating income in the current period was 240600 yuan, a decrease of 89.85% over the same period of last year, mainly due to the decrease in government subsidies received. 9. The amount of non operating expenditure in the current period was 210100 yuan, a decrease of 94.95% over the same period of last year, mainly due to the cancellation of assets by the subsidiary company in the same period of last year.
10. The amount of income tax expense in the current period was -6.4297 million yuan, a decrease of 40.59% over the same period of last year, mainly due to the decrease of profit in the current period and the decrease of income tax accrued accordingly.
(III) changes and reasons of items in the consolidated cash flow statement
1. The net cash flow from operating activities was -613288 million yuan, an increase of 92.32% over the same period last year, mainly due to the reduction of the scale of external procurement in the current period.
2. The net cash flow from investment activities was 103036 million yuan, an increase of 108.50% over the same period of last year, mainly due to the reduction of foreign investment in the current period. 2、 Shareholder information (I) total number of ordinary shareholders, number of preferred shareholders whose voting rights have been restored and shareholding of the top ten shareholders
Unit: shares
Total number of common shareholders at the end of the reporting period 93427 total number of preferred 0 shareholders whose voting rights were restored at the end of the reporting period (if any)
Shareholding of top 10 shareholders
Shareholder name shareholder nature shareholding proportion shareholding quantity holding Limited sales note pledge, marking or freezing
Number of shares in a piece number of shares in a state
Yin Hongwei domestic natural person 22.10% 372318971291845753 pledge 267200000
Non state owned law of Shenzhen Xinling Investment Co., Ltd
