FSSS(600399)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,822,069,624.01, representing a year-on-year increase of 1.03%[6] - The net profit attributable to shareholders was ¥85,411,027.84, a decrease of 50.58% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥64,561,084.94, down 59.84% year-on-year[6] - The basic earnings per share for the period was ¥0.0433, reflecting a decline of 50.58% year-on-year[6] - The company's net profit for the first quarter of 2022 was ¥85,411,027.84, a decrease of 50.6% compared to ¥172,839,756.67 in the same period of 2021[31] - Total profit for the first quarter was ¥87,202,594.51, down from ¥173,983,448.21, reflecting a decrease of 50.1%[28] - The basic earnings per share for the first quarter was ¥0.0433, compared to ¥0.0876 in the same quarter of the previous year, a decline of 50.6%[31] Assets and Liabilities - The total assets at the end of the reporting period were ¥10,550,413,988.22, an increase of 3.20% from the end of the previous year[9] - The equity attributable to shareholders at the end of the reporting period was ¥5,944,519,263.91, up 1.46% from the end of the previous year[9] - Total liabilities amounted to CNY 4,605,894,724.31, an increase of 5.52% from CNY 4,364,608,307.59 at the end of 2021[25] - Current assets totaled CNY 5,806,808,643.47 as of March 31, 2022, an increase of 2.25% from CNY 5,679,362,284.75 at the end of 2021[20] - Non-current assets reached CNY 4,743,605,344.75, representing a growth of 4.39% from CNY 4,544,230,056.50 at the end of 2021[23] - Total assets increased to CNY 10,550,413,988.22, up 3.20% from CNY 10,223,592,341.25 at the end of 2021[23] - Shareholders' equity totaled CNY 5,944,519,263.91, up from CNY 5,858,984,033.66 at the end of 2021[25] Operating Costs and Expenses - Total operating costs for Q1 2022 amounted to CNY 1,757,508,539.07, up 6.97% from CNY 1,642,669,291.74 in Q1 2021[25] - The company attributed the decline in net profit to rising raw material and energy prices, which led to a decrease in gross profit[10] - Research and development expenses increased significantly to ¥98,078,432.73 from ¥30,210,114.27, representing a growth of 225.5%[28] - The company's operating profit decreased to ¥84,309,506.96 from ¥174,578,429.54, a decline of 51.8%[28] - The company reported a decrease in sales expenses to ¥12,412,298.73 from ¥14,019,861.75, a reduction of 11.5%[28] - The financial expenses decreased slightly to ¥16,261,272.30 from ¥17,726,144.03, a decline of 8.3%[28] Cash Flow and Financing Activities - Cash flow from operating activities generated a net amount of ¥71,587,726.70, a significant improvement from a net outflow of ¥415,876,837.55 in the first quarter of 2021[35] - The net cash flow from investing activities was -$462,097,959.35, a significant decrease compared to -$130,584,007.54 in the previous period[37] - Total cash inflow from financing activities amounted to $145,000,000.00, with a net cash flow of $76,232,602.68, contrasting with a net outflow of -$18,926,842.89 previously[37] - The cash and cash equivalents at the end of the period were $561,723,049.77, down from $878,622,923.09 at the beginning of the period[37] - The cash outflow for debt repayment was $50,000,000.00, marking a new cash outflow compared to $0.00 previously[37] - The company received $145,000,000.00 from borrowings during the financing activities[37] Other Income and Subsidies - The company received government subsidies amounting to ¥6,511,189.6 during the reporting period[10] - Other income increased to ¥6,511,189.60 from ¥1,962,735.32, showing a growth of 231.5%[28] - The total amount of non-recurring gains and losses was ¥20,849,942.90 after tax impacts[10]