FUJIAN JINSEN(002679)2022-04-29 16:00Financial Performance - Revenue for Q1 2022 was CNY 10,604,839.96, a slight increase of 0.53% compared to CNY 10,548,419.52 in the same period last year[4] - Net profit attributable to shareholders was CNY -16,254,715.89, a decrease of 0.59% from CNY -16,159,745.49 year-on-year[4] - Total operating revenue for Q1 2022 was RMB 10,604,839.96, a slight increase from RMB 10,548,419.52 in the previous period[22] - The net profit for the first quarter of 2022 was -16,254,747.32 CNY, compared to -16,159,686.53 CNY in the same period last year, indicating a slight increase in losses of approximately 0.59%[23] - The basic and diluted earnings per share remained at -0.07 CNY, unchanged from the previous year[24] - Operating revenue from sales of goods and services was 7,425,735.10 CNY, compared to 6,543,964.04 CNY in the previous year, showing an increase of approximately 13.4%[26] Cash Flow - Net cash flow from operating activities was CNY -81,245,340.87, representing a decline of 108.03% compared to CNY -39,054,968.70 in the previous year[4] - Cash flow from operating activities showed a net outflow of -81,245,340.87 CNY, worsening from -39,054,968.70 CNY year-over-year[27] - Total cash outflow from operating activities was 94,732,826.12 CNY, compared to 53,254,586.99 CNY in the previous year, indicating a 77.8% increase in cash outflows[27] - The cash flow from investment activities resulted in a net outflow of -673,335.00 CNY, compared to -2,422,281.91 CNY in the previous year, showing an improvement of 72.1%[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,998,815,202.72, an increase of 4.45% from CNY 1,913,704,431.03 at the end of the previous year[4] - Cash and cash equivalents at the end of Q1 2022 were RMB 266,016,732.01, up from RMB 243,676,781.73 at the beginning of the year, reflecting a growth of approximately 9.4%[18] - Total liabilities increased to RMB 1,253,231,083.70 from RMB 1,151,865,564.69, reflecting a growth of approximately 8.8%[20] - Accounts receivable increased to RMB 78,942,225.93 from RMB 78,605,252.40, indicating a growth of about 0.43%[18] - Inventory at the end of Q1 2022 was RMB 1,418,195,867.86, slightly up from RMB 1,404,707,086.71, showing an increase of approximately 0.98%[19] Equity and Investments - Owner's equity attributable to shareholders decreased by 2.13% to CNY 745,253,164.27 from CNY 761,507,880.16[5] - The company reported a net investment income of RMB 433,923.45 for Q1 2022, compared to RMB 386,193.83 in the previous period, indicating an increase of about 12.3%[22] Government Support and Other Income - Government subsidies recognized in the current period amounted to CNY 329,516.10[7] - Other operating income and expenses totaled CNY 473,270.25, leading to a total of CNY 802,786.35 in non-recurring gains and losses[7] Financing Activities - Cash inflow from financing activities was CNY 125,000,000.00, an increase of 98.42% compared to the previous year[12] - Total cash inflow from financing activities was 125,000,000.00 CNY, significantly up from 62,996,600.00 CNY in the previous year, reflecting a 98.5% increase[27] - The net increase in cash and cash equivalents was CNY 22,339,950.28, reflecting a significant increase of 295.59% year-on-year[12] Operational Changes - The company converted its wholly-owned subsidiary, Fujian Jin Sen Carbon Sink Technology Co., Ltd., into a wholly-owned subsidiary to enhance operational efficiency and resource utilization[16] - The company aims to streamline its equity structure and improve decision-making efficiency through the recent restructuring of its subsidiary[16] Other Notes - The company incurred other operating expenses totaling 16,274,650.05 CNY, up from 13,930,348.36 CNY, reflecting a 16.5% increase[27] - The company did not report any new product launches or technological advancements during this quarter[29] - Prepaid accounts increased by 190.83% to CNY 66,703,062.94, primarily due to prepayments for timber asset transfers[8]