SJFW(SH:600616)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 163,442,648.42, representing a year-on-year increase of 2.98%[3] - The net profit attributable to shareholders for the same period was CNY 3,456,166.41, reflecting a significant increase of 25.93% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 2,768,339.48, which is a 35.11% increase year-on-year[3] - The weighted average return on equity increased by 0.07 percentage points to 0.21%[3] - Operating revenue for Q1 2022 was RMB 163.44 million, compared to RMB 158.71 million in Q1 2021, reflecting a growth in business activity[25] - The net profit for Q1 2022 was CNY 2,929,336.27, an increase of 21.6% compared to CNY 2,409,010.25 in Q1 2021[26] - Total revenue for Q1 2022 was CNY 4,189,364.35, up from CNY 3,767,708.69 in the same period last year, reflecting a growth of 11.2%[26] - Operating profit for Q1 2022 reached CNY 4,260,509.92, compared to CNY 4,017,170.12 in Q1 2021, marking an increase of 6.1%[26] - The total comprehensive income for Q1 2022 was CNY 2,929,355.68, an increase from CNY 2,409,000.14 in Q1 2021[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,237,231,628.77, a decrease of 1.49% from the end of the previous year[3] - The equity attributable to shareholders at the end of the reporting period was CNY 1,926,913,389.22, showing a slight increase of 0.18%[3] - Total assets as of March 31, 2022, were RMB 2.24 billion, down from RMB 2.27 billion at the end of 2021[22] - The total liabilities decreased to RMB 322.10 million from RMB 358.75 million, indicating a reduction in financial obligations[21] Cash Flow - The company reported a net cash flow from operating activities of -CNY 4,505,736.20, which is not applicable for year-on-year comparison[3] - Cash flow from operating activities showed a net outflow of CNY 4,505,736.20, an improvement from a net outflow of CNY 10,452,196.18 in Q1 2021[27] - The company reported a decrease in cash inflow from sales, totaling CNY 213,099,263.43 in Q1 2022, compared to CNY 221,623,476.88 in Q1 2021, a decline of 3.3%[27] - Cash and cash equivalents at the end of Q1 2022 totaled CNY 262,233,416.04, down from CNY 271,268,491.26 at the end of Q1 2021[28] - Investment activities resulted in a net cash outflow of CNY 17,523,231.07 in Q1 2022, compared to a net outflow of CNY 129,720,523.99 in Q1 2021[28] Sales and Distribution - In Q1 2022, the total sales revenue for Huangjiu products reached RMB 160.14 million, a year-on-year increase of 3.70% compared to RMB 154.43 million in Q1 2021[13] - The sales revenue from mid-to-high-end products was RMB 136.05 million, up 8.87% from RMB 124.97 million in the same period last year, while low-end products saw a decline of 18.23% to RMB 24.09 million[13] - Direct sales (including group purchases) generated RMB 41.99 million, a decrease of 2.41% from RMB 43.03 million, while wholesale agency sales increased by 6.06% to RMB 118.14 million[15] - Shanghai accounted for RMB 114.54 million in sales, a 7.37% increase from RMB 106.68 million, while Jiangsu and Zhejiang experienced declines of 4.57% and 23.53%, respectively[17] - The company added 16 new distributors but lost 85, resulting in a total of 945 distributors, a decrease of 69 from the end of 2021[18] Research and Development - Research and development expenses were RMB 689,767.32, a slight decrease from RMB 718,532.29 in Q1 2021, indicating a focus on cost management[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 87,085[9] - The largest shareholder, Shanghai Sugar and Tobacco Company, holds 34.88% of the shares[10] Earnings Per Share - The company’s basic earnings per share for Q1 2022 was CNY 0.01, compared to CNY 0.00 in Q1 2021[26]