FUDAN FORWARD(SH:600624)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 218,434,137.75, representing a decrease of 12.19% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 5,758,895.31, an increase of 31.45% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 70.21% to CNY 2,162,172.97[5] - Basic earnings per share increased by 31.25% to CNY 0.0084[5] - Total operating revenue for Q1 2022 was ¥218.43 million, a decrease of 11.2% from ¥248.76 million in Q1 2021[18] - Net profit for Q1 2022 increased to ¥6.11 million, compared to ¥5.72 million in Q1 2021, representing a growth of 6.8%[19] - Basic and diluted earnings per share for Q1 2022 were both ¥0.0084, up from ¥0.0064 in Q1 2021[20] - Total comprehensive income for Q1 2022 was ¥347,842.08, significantly lower than ¥1.45 million in Q1 2021[20] Cash Flow - The net cash flow from operating activities was CNY 1,093,959.47, down 79.56% compared to the previous year[5] - Cash flow from operating activities for Q1 2022 was ¥1.09 million, a decline of 79.6% from ¥5.35 million in Q1 2021[23] - Cash flow from investing activities generated a net inflow of ¥918,061.58 in Q1 2022, compared to a net outflow of ¥11.64 million in Q1 2021[23] - Cash flow from financing activities for Q1 2022 was a net inflow of ¥14.59 million, contrasting with a net outflow of ¥8.02 million in Q1 2021[23] - The net increase in cash and cash equivalents for Q1 2022 was $14,461,238.64, compared to a decrease of $17,093,910.97 in Q1 2021[24] - The cash and cash equivalents balance at the beginning of the period was $309,765,701.10, while the ending balance was $324,226,939.74, indicating a positive cash flow[24] - The impact of exchange rate fluctuations on cash and cash equivalents was a decrease of $2,138,952.66 in Q1 2022, compared to a decrease of $2,790,303.18 in Q1 2021[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,913,885,414.50, a slight decrease of 0.12% from the end of the previous year[6] - The company's total liabilities increased to RMB 940,759,051.66 from RMB 916,852,578.05, indicating a rise in financial obligations[16] - The cash and cash equivalents stood at RMB 324,226,939.74, up from RMB 309,765,701.10 at the end of 2021, reflecting improved liquidity[14] - The company's total current assets reached RMB 1,126,218,806.81, compared to RMB 1,120,352,586.10 in the previous period, showing a growth in short-term assets[15] - The total equity attributable to shareholders decreased to RMB 889,727,036.81 from RMB 916,328,758.98, indicating a decline in shareholder value[16] - The company reported a short-term loan of RMB 495,000,000.00, an increase from RMB 444,000,000.00, suggesting a rise in borrowing[16] - The inventory value was RMB 647,043,063.75, down from RMB 664,834,171.60, indicating a reduction in stock levels[14] - The accounts receivable increased to RMB 95,016,823.06 from RMB 94,182,390.09, reflecting a slight rise in credit sales[14] - The company’s total non-current assets were RMB 787,666,607.69, a decrease from RMB 795,874,751.10, indicating a reduction in long-term investments[15] Audit and Compliance - The company received a qualified audit opinion from the accounting firm, which may impact investor confidence[13] Operating Costs - Total operating costs for Q1 2022 were ¥213.06 million, down 9.4% from ¥235.04 million in Q1 2021[18] - Sales revenue from goods and services received in Q1 2022 was ¥207.98 million, down 26.5% from ¥283.36 million in Q1 2021[21] - Research and development expenses for Q1 2022 were ¥9.85 million, slightly down from ¥9.97 million in Q1 2021[18] Return on Equity - The weighted average return on equity increased to 0.63%, up by 0.21 percentage points from the previous year[6]