FLDT(SH:600228)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥65,736,225.79, representing a decrease of 30.78% compared to the same period last year[2] - The net profit attributable to shareholders was -¥6,057,696.57, a decline of 136.24% year-over-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥6,259,676.23, down 138.80% from the previous year[2] - The diluted earnings per share were -¥0.0074, reflecting a decrease of 130.90% compared to the same period last year[2] - The net profit for Q1 2022 was -6,057,696.57 RMB, compared to a net profit of 16,713,974.28 RMB in Q1 2021, representing a significant decline[19] - The operating profit for Q1 2022 was -5,799,886.03 RMB, compared to an operating profit of 18,701,798.77 RMB in Q1 2021, reflecting a substantial drop[18] - The total profit before tax for Q1 2022 was -5,801,847.12 RMB, compared to a profit before tax of 18,699,393.24 RMB in Q1 2021[18] - The basic and diluted earnings per share for Q1 2022 were both -0.0074 RMB, compared to 0.0239 RMB in Q1 2021, indicating a negative performance[20] Cash Flow and Assets - The cash flow from operating activities showed a net increase of 170.29%, amounting to ¥19,624,339.30[5] - The company's cash and cash equivalents as of March 31, 2022, amounted to RMB 873,706,408.69, an increase from RMB 854,257,155.44 at the end of 2021[14] - The total cash and cash equivalents at the end of Q1 2022 were 851,071,035.10 RMB, down from 867,786,148.04 RMB at the end of Q1 2021[22] - Total assets at the end of the reporting period were ¥1,537,093,205.16, a decrease of 1.46% from the end of the previous year[3] - The total assets of the company decreased to RMB 1,537,093,205.16 from RMB 1,559,889,100.29 at the end of 2021[16] - The company’s total liabilities decreased to RMB 665,158,294.24 from RMB 681,896,492.80 at the end of 2021[16] Shareholder Information - The company reported a total of 17,147 common shareholders at the end of the reporting period[6] - The top shareholder, Shanghai Xiangrui Enterprise Management Consulting, held 24.05% of the shares, totaling 198,006,528 shares[8] - The company has a total of 18,261,287 shares held in a special account for unconfirmed holders, representing 2.22% of the total share capital[10] Operational Challenges - The company reported a significant decline in traditional advertising and guiding business revenue due to the impact of the Spring Festival and the pandemic, leading to a substantial drop in net profit compared to the previous year[11] - The company is facing increased operational risks due to high costs in agency business and increased market investment in new businesses[11] Revenue and Costs - The company's total revenue for Q1 2022 was RMB 65,736,225.79, a decrease of 30.8% compared to RMB 94,967,027.28 in Q1 2021[17] - Total operating costs for Q1 2022 were 74,846,425.42 RMB, down from 77,278,906.81 RMB in Q1 2021, indicating a decrease of approximately 3.7%[18] - The company reported a decrease in sales revenue from 121,747,963.23 RMB in Q1 2021 to 65,135,052.60 RMB in Q1 2022, a decline of approximately 46.6%[21] Receivables and Expenses - The first quarter's accounts receivable decreased to RMB 104,021,595.57 from RMB 119,883,016.41 at the end of 2021[14] - The company’s other receivables decreased to RMB 491,625,332.03 from RMB 512,731,498.82 at the end of 2021[14] - Research and development expenses for Q1 2022 were 10,854,389.60 RMB, down from 12,795,293.92 RMB in Q1 2021, a decrease of approximately 15.1%[18] - The company experienced a tax expense of 255,849.45 RMB in Q1 2022, down from 1,985,418.96 RMB in Q1 2021, indicating a reduction in tax liabilities[18]