Furuise(300228)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥272,268,723.15, a decrease of 32.15% compared to ¥401,258,023.43 in the same period last year[3]. - The net profit attributable to shareholders was -¥21,774,277.74, representing a decline of 317.55% from a profit of ¥10,008,986.99 in the previous year[3]. - The net profit for the first quarter was a loss of CNY 20,940,923.21, compared to a profit of CNY 10,078,491.77 in the same period last year[28]. - The company's weighted average return on equity was -1.11%, down from 0.59% in the previous year, indicating a decline in profitability[3]. - The basic and diluted earnings per share were both CNY -0.0378, compared to CNY 0.0174 in the previous year[28]. Cash Flow - The net cash flow from operating activities increased by 224.55% to ¥183,625,607.58, up from ¥56,578,471.13 in the same period last year[9]. - The cash inflow from operating activities amounted to CNY 446,825,207.57, an increase of 11.1% compared to CNY 401,946,229.43 in the previous period[30]. - The cash inflow from investment activities totaled CNY 304,388,108.83, compared to CNY 237,555.77 in the previous period[31]. - The net cash flow from investment activities was CNY 5,753,153.65, recovering from a negative CNY 41,819,758.81 in the previous year[31]. - The cash inflow from financing activities was CNY 170,269,105.70, down from CNY 654,259,599.21 in the previous period[31]. - The net cash flow from financing activities showed a decline to -CNY 48,863,091.29 from CNY 425,335,389.78 in the previous year[31]. - The total cash and cash equivalents at the end of the period were CNY 340,845,487.97, down from CNY 719,057,843.57 at the end of the previous period[31]. - The company received CNY 301,000,000.00 from the recovery of investments during the quarter[30]. - The cash paid for purchasing goods and services decreased to CNY 186,471,627.10 from CNY 257,526,411.87 in the previous period[30]. - The company reported a cash inflow of CNY 5,694,121.95 from tax refunds, slightly increasing from CNY 5,561,130.56 in the previous period[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥3,646,319,766.61, reflecting a 3.07% increase from ¥3,537,581,997.40 at the end of the previous year[3]. - The company's total assets increased to CNY 3,646,319,766.61 from CNY 3,537,581,997.40[24]. - Total liabilities rose to CNY 1,714,503,801.23, up from CNY 1,572,901,594.66[24]. - The equity attributable to shareholders of the parent company decreased to CNY 1,931,198,322.16 from CNY 1,964,322,211.67[24]. - The company reported a total current asset of CNY 2,430,160,270.80 at the end of the period, an increase from CNY 2,312,008,175.33 at the beginning of the year, representing a growth of approximately 5.1%[22]. Expenses and Investments - The company experienced a 48.72% reduction in selling expenses, which amounted to ¥6,542,854.95 compared to ¥12,759,542.63 in the previous year[8]. - The investment income increased by 227.30% to ¥1,014,581.63, attributed to the recognition of income from structured deposit financial products[8]. - The company reported a significant increase in research and development expenses, totaling CNY 14,301,479.14, compared to CNY 14,003,037.37 last year[27]. - The company reported a significant increase in construction in progress, which rose by 348.92% to ¥48,958,468.05 due to the relocation of liquefaction equipment[7]. - The company reported a 3695.28% increase in other operating expenses, totaling ¥1,085,688.86, primarily due to the write-off of fixed assets[8]. Strategic Initiatives - The company established a joint venture, Shanghai Furi Hydrogen New Energy Technology Co., Ltd., with a total investment of CNY 5,000,000, where the company holds a 51% stake[16]. - The company plans to use up to CNY 3.3 billion of idle funds for cash management, investing in safe and liquid financial products[18]. - The financial derivatives trading limit was increased from CNY 650 million to CNY 1.6 billion to manage foreign exchange risks more effectively[20]. - The company adjusted the grant price for its 2021 restricted stock incentive plan from CNY 4.53 per share to CNY 4.52 per share[17]. - The company is focusing on improving its financial performance and exploring new market opportunities[29].