FOUNDERTECH(SH:600601)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥979,784,981.12, representing a 4.48% increase compared to ¥937,750,206.04 in the same period last year[6] - Total operating revenue for Q1 2022 was approximately ¥979.78 million, an increase from ¥937.77 million in Q1 2021, representing a growth of about 4.3%[34] - Total operating costs for Q1 2022 were approximately ¥1.11 billion, up from ¥1.06 billion in Q1 2021, indicating an increase of about 4.5%[34] - Net loss for Q1 2022 was approximately ¥130.03 million, slightly improved from a net loss of ¥132.90 million in Q1 2021[38] - The total comprehensive income attributable to the parent company was -130,756,689.14 CNY, compared to -132,380,436.71 CNY in the same period last year, showing a slight improvement[40] Profitability and Earnings - The net profit attributable to shareholders was a loss of ¥129,358,786.90, an improvement from a loss of ¥139,923,748.83 in the previous year[6] - The basic earnings per share for the quarter was -¥0.0589, compared to -¥0.0637 in the previous year[9] - Basic and diluted earnings per share were both -0.0589 CNY, compared to -0.0601 CNY in the previous year[40] Cash Flow - The net cash flow from operating activities was ¥85,529,970.55, a significant recovery from a negative cash flow of ¥101,396,413.46 in the same period last year[9] - Cash inflow from operating activities totaled 1,344,880,056.36 CNY, down from 1,499,226,832.23 CNY year-over-year[40] - Cash outflow from operating activities was 1,259,350,085.81 CNY, compared to 1,597,787,640.52 CNY in the same period last year[44] - Net cash flow from operating activities was 85,529,970.55 CNY, a significant recovery from -98,560,808.29 CNY in the previous year[44] - Cash outflow from investing activities was 148,259,405.00 CNY, up from 137,984,425.67 CNY year-over-year[44] - Net cash flow from financing activities was -209,089,896.94 CNY, compared to 31,387,927.61 CNY in the same period last year[46] - The ending balance of cash and cash equivalents was 108,071,373.96 CNY, down from 398,599,604.03 CNY year-over-year[46] Assets and Liabilities - Total assets at the end of the reporting period were ¥8,033,696,137.71, a decrease of 1.47% from ¥8,152,257,244.63 at the end of the previous year[9] - As of March 31, 2022, the company's total assets amounted to approximately RMB 8.03 billion, a decrease from RMB 8.15 billion as of December 31, 2021, reflecting a decline of about 1.5%[25] - The total liabilities as of the end of the reporting period were approximately ¥8.85 billion, a slight increase from ¥8.84 billion in the previous period[32] - The total equity attributable to shareholders was approximately -¥831.69 million, compared to -¥699.93 million in the previous period, indicating a decline in shareholder equity[32] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 148,994[17] - The largest shareholder, Beida Fengzheng Information Industry Group Co., Ltd., held 12.59% of the shares[17] - The equity attributable to shareholders was -¥831,693,562.01, down from -¥700,936,872.87 at the end of the previous year[9] Legal and Regulatory Issues - The company has faced legal challenges, with 1,505 lawsuits filed against it, claiming a total of approximately RMB 248 million in damages[21] - The company has been under scrutiny due to past administrative penalties related to undisclosed related party transactions from 2004 to 2015[21] Corporate Restructuring - The restructuring plan for the company was completed, with new ownership structures established, including a significant stake held by Ping An Life Insurance at approximately 66.51%[24] - The company is in the process of changing its actual controller from the Ministry of Education to a state of no actual controller, pending completion of the ownership change[24] Accounting Adjustments - The company has implemented retrospective adjustments to previous financial data in accordance with new accounting standards[9] Other Financial Metrics - The company reported non-recurring gains and losses totaling ¥5,021,499.65 for the quarter[16] - Research and development expenses for Q1 2022 were approximately ¥71.31 million, a decrease from ¥73.63 million in Q1 2021, reflecting a reduction of about 3.1%[34] - The company reported a financial expense of approximately ¥68.43 million in Q1 2022, up from ¥55.86 million in Q1 2021, marking an increase of about 22.5%[34] - The deferred income tax liabilities were approximately ¥93.19 million, down from ¥104.59 million in the previous period, indicating a decrease of about 10.9%[32] - The total non-current liabilities were approximately ¥604.52 million, a decrease from ¥637.19 million in the previous period, reflecting a reduction of about 5.1%[32] - The company reported a total of ¥1.32 billion in other payables, slightly up from ¥1.30 billion in the previous period, indicating a growth of about 1.0%[32] - Accounts receivable decreased to RMB 1.14 billion from RMB 1.28 billion, representing a decline of about 10.9%[25] - Inventory increased to RMB 1.36 billion from RMB 1.31 billion, showing an increase of approximately 3.3%[29] - The company's short-term borrowings were reported at RMB 1.72 billion, slightly down from RMB 1.74 billion, a decrease of about 1.5%[29]