FFEC(SH:600203)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥4,350,072,839.95, representing a year-on-year increase of 23.42%[5]. - The net profit attributable to shareholders was ¥25,180,697.85, with a basic earnings per share of ¥0.0425[5][6]. - The company reported a net profit attributable to the parent company of 48 million, primarily due to an increase in operating revenue and corresponding gross profit[9]. - The company's net loss for Q1 2022 was approximately RMB 220.84 million, an improvement from a net loss of RMB 246.02 million in Q1 2021[18]. - The net profit for Q1 2022 was CNY 32,056,537.52, a significant recovery from a net loss of CNY 48,930,261.86 in Q1 2021, marking a turnaround of approximately 165.5%[20]. - Operating profit for Q1 2022 reached CNY 47,581,865.51, compared to an operating loss of CNY 53,075,509.18 in the same period last year, indicating a positive shift in operational performance[20]. Cash Flow - The net cash flow from operating activities was -¥416,359,912.17, indicating a negative cash flow situation[6]. - The cash flow from operating activities increased by 35.45 million, driven by higher cash receipts from sales of goods and services[10]. - The net cash flow from operating activities for Q1 2022 was negative at CNY -416,359,912.17, worsening from CNY -124,526,830.85 in Q1 2021[23]. - The company incurred a net cash outflow from investing activities of CNY -98,675,296.56 in Q1 2022, an improvement from CNY -140,417,404.24 in Q1 2021[24]. - Cash inflow from financing activities in Q1 2022 was CNY 951,142,758.19, compared to CNY 458,307,989.33 in Q1 2021, indicating a growth of approximately 107%[24]. - The net cash flow from financing activities was -$46,007,086.32, worsening from -$16,861,970.80 year-over-year[31]. Assets and Liabilities - Total assets at the end of the reporting period were ¥11,320,299,364.37, a decrease of 7.66% compared to the end of the previous year[6]. - The total assets as of March 31, 2022, were approximately RMB 11.32 billion, down from RMB 12.26 billion at the end of 2021, indicating a decrease of 7.6%[18]. - The total liabilities as of March 31, 2022, were approximately RMB 7.80 billion, a decrease of 11.0% from RMB 8.77 billion at the end of 2021[17]. - The total liabilities decreased to CNY 356,886,602.37 in Q1 2022 from CNY 400,707,481.17 in Q1 2021, a reduction of about 10.9%[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,820[12]. - The top shareholder, Fujian Furi Group Co., Ltd., holds 94,234,189 shares, representing 15.89% of total shares[13]. Investment and Income - Non-recurring gains and losses totaled ¥22,948,852.63, with significant contributions from asset disposal and government subsidies[7]. - The company reported a 138.57% increase in interest income, primarily due to higher interest earnings from the parent company[8]. - Investment income surged by 144.01%, attributed to increased returns from investments in the Funo Fund[8]. - The company reported an investment income of CNY 11,204,952.37 in Q1 2022, a substantial increase from CNY 2,146,511.84 in Q1 2021[28]. Research and Development - Research and development expenses for Q1 2022 were approximately RMB 56.81 million, slightly up from RMB 56.32 million in Q1 2021[19]. - Research and development expenses for Q1 2022 were CNY 1,976,154.97, down from CNY 2,306,171.85 in Q1 2021, a decrease of 14.3%[28]. Foreign Exchange and Other Losses - The company experienced a foreign exchange loss of 150.08 million, attributed to currency fluctuations[10]. - The company experienced a foreign exchange loss of CNY -891,271.30 in Q1 2022, contrasting with a gain of CNY 1,779,784.44 in Q1 2021[24].