FFEC(SH:600203)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was CNY 1,912,652,790.03, representing a decrease of 56.03% compared to the same period last year[5]. - The net profit attributable to shareholders of the listed company was a loss of CNY 74,957,198.52, a decline of 397.68% year-on-year[5]. - The basic and diluted earnings per share were both CNY -0.13, reflecting a decrease of 405.88% compared to the previous year[6]. - The significant decline in revenue and profit was primarily attributed to decreased revenue from the subsidiary Shenzhen Zhongnuo Communication Co., Ltd.[10]. - Total operating revenue for Q1 2023 was approximately ¥1.91 billion, a decrease from ¥4.35 billion in Q1 2022, representing a decline of about 56%[22]. - Net profit attributable to shareholders for Q1 2023 was approximately -¥74.96 million, a significant drop from ¥25.18 million in Q1 2022[24]. - The company reported a total comprehensive income of approximately -¥75.49 million for Q1 2023, compared to ¥31.55 million in Q1 2022[24]. - The net profit for Q1 2023 was a loss of ¥13,753,790.01, compared to a profit of ¥5,046,060.84 in Q1 2022, indicating a substantial decline[33]. - The total comprehensive income for Q1 2023 was a loss of ¥13,747,367.86, compared to a profit of ¥5,046,060.84 in Q1 2022[35]. Cash Flow and Assets - The net cash flow from operating activities was CNY -136,083,988.63, with no applicable percentage change due to negative cash flow[5]. - The net cash flow from operating activities for Q1 2023 was approximately -¥136.08 million, an improvement from -¥416.36 million in Q1 2022[26]. - The net cash flow from investing activities was 35,412,446.23 RMB, compared to a negative cash flow of 98,675,296.56 RMB in the previous period, indicating a significant improvement[27]. - Cash and cash equivalents were reported at RMB 1,314,052,446.96, down from RMB 1,546,593,335.76, a decrease of about 15.03%[18]. - The total cash and cash equivalents at the end of the period decreased to 991,003,614.82 RMB from 1,656,813,150.42 RMB, reflecting a net decrease of 232,577,548.18 RMB[27]. - Cash and cash equivalents at the end of Q1 2023 were ¥272,906,877.52, down from ¥985,434,900.53 at the end of Q1 2022[37]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 7,690,578,725.82, down 14.25% from the end of the previous year[6]. - The company's total assets amounted to RMB 7,690,578,725.82, a decrease from RMB 8,968,578,134.34 as of December 31, 2022, representing a decline of approximately 14.26%[19]. - The company's current assets totaled RMB 5,122,480,421.76, down from RMB 6,192,109,721.84, indicating a decrease of about 17.26%[19]. - The total liabilities decreased to RMB 5,334,206,732.29 from RMB 6,536,714,340.21, reflecting a reduction of approximately 18.38%[20]. - The total assets decreased to 3,992,355,293.27 RMB from 4,051,288,861.09 RMB, showing a decline of approximately 1.45%[29]. - The total liabilities decreased to 617,496,231.12 RMB from 662,682,431.08 RMB, representing a reduction of about 6.8%[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 29,221[12]. - The largest shareholder, Fujian Furi Group Co., Ltd., held 15.89% of the shares, totaling 94,234,189 shares[13]. Expenses - Research and development expenses for Q1 2023 were approximately ¥53.23 million, down from ¥56.81 million in Q1 2022, reflecting a decrease of about 6%[23]. - Sales expenses for Q1 2023 were approximately ¥22.99 million, slightly down from ¥23.03 million in Q1 2022[23]. - The company incurred financial expenses of ¥5,702,735.84 in Q1 2023, a significant rise from ¥845,816.32 in Q1 2022[33]. - Tax expenses for Q1 2023 were approximately -¥434,701.25, compared to ¥15.38 million in Q1 2022, indicating a significant reduction in tax liabilities[24]. Investment and Financing - The company is progressing with its fundraising project for the Guangdong Yinuo Communications Co., Ltd. terminal intelligent manufacturing project, which is currently in the factory renovation phase[15]. - The company's short-term borrowings were reported at RMB 1,885,681,142.37, down from RMB 2,004,559,895.26, a decrease of approximately 5.93%[19]. - The company's long-term borrowings increased to 387,986,673.62 RMB from 345,000,000.00 RMB, indicating a rise of approximately 12.5%[31]. - The cash inflow from financing activities totaled 794,005,691.26 RMB, down from 951,142,758.19 RMB, a decrease of approximately 16.5%[27]. - The net cash flow from financing activities was -127,497,902.35 RMB, compared to a positive cash flow of 185,341,701.67 RMB in the previous period, indicating a substantial shift[27].