FEIDA ENVIRO(SH:600526)2022-04-25 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 512,551,017.60, a decrease of 1.81% compared to the same period last year[2]. - The net profit attributable to shareholders was CNY 3,939,818.94, down 33.30% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 777,211.46, a decline of 68.96% compared to the previous year[2]. - The basic earnings per share remained at CNY 0.01, unchanged from the previous year[2]. - Operating profit for Q1 2022 was ¥4.10 million, down 20.6% from ¥5.17 million in Q1 2021[16]. - Net profit for Q1 2022 was ¥3.75 million, a decline of 18.1% from ¥4.58 million in Q1 2021[16]. - The company reported a significant increase in research and development expenses, totaling ¥12.25 million, up 13.2% from ¥10.82 million in Q1 2021[16]. - The company's total operating costs increased to ¥531.19 million in Q1 2022, up from ¥517.36 million in Q1 2021[16]. - The company reported an investment income of ¥9.62 million in Q1 2022, a significant recovery from a loss of ¥1.30 million in Q1 2021[16]. Cash Flow and Assets - The net cash flow from operating activities was negative CNY 257,167,491.98, indicating a significant cash outflow[2]. - As of March 31, 2022, the company's total current assets amounted to CNY 4.78 billion, a decrease from CNY 4.86 billion at the end of 2021[12]. - The company's cash and cash equivalents decreased to CNY 612.16 million as of March 31, 2022, from CNY 805.78 million at the end of 2021[12]. - The company's accounts receivable increased to CNY 588.11 million as of March 31, 2022, compared to CNY 458.01 million at the end of 2021[12]. - Total cash and cash equivalents at the end of Q1 2022 were approximately ¥486.00 million, compared to ¥335.99 million at the end of Q1 2021[20]. - Total current assets amounted to approximately 4.86 billion, with inventory at about 1.35 billion and accounts receivable at approximately 588.11 million[21]. - Non-current assets totaled approximately 2.03 billion, with long-term equity investments at about 566.58 million and intangible assets at approximately 717.89 million[22]. - The company's total liabilities as of March 31, 2022, were CNY 4.62 billion, down from CNY 4.70 billion at the end of 2021[14]. - Total liabilities reached approximately 4.70 billion, with current liabilities at about 4.28 billion, including short-term borrowings of approximately 1.36 billion and accounts payable of approximately 1.56 billion[23]. Shareholder Information - Shareholders' equity attributable to the parent company was CNY 2,098,418,643.71, an increase of 0.18% compared to the end of the previous year[3]. - The total number of ordinary shareholders at the end of the reporting period was 53,557[6]. - Shareholders' equity totaled approximately 2.18 billion, with retained earnings showing a slight improvement from -188.67 million to -187.31 million[23]. Strategic Initiatives - The decline in net profit was primarily due to project execution delays caused by the pandemic[5]. - The company completed a major asset restructuring by acquiring 62.95% of Zhejiang Fuchun Ziguang Environmental Protection Co., Ltd. on April 7, 2022, approved by the China Securities Regulatory Commission[9]. - The company has ongoing projects and is actively seeking to expand its market presence through strategic acquisitions and partnerships[9]. - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[24]. - The company aims to improve its financial health by addressing its negative retained earnings through strategic operational improvements[23]. - The company is actively exploring potential mergers and acquisitions to bolster its market position and drive growth[24]. - Future guidance indicates a commitment to maintaining a strong balance sheet while pursuing growth opportunities in emerging markets[24].