FACS(SH:600651)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,138,255,490.38, representing a decrease of 0.04% compared to the same period last year[6] - The net profit attributable to shareholders of the listed company was -¥60,454,919.49, indicating a significant loss[6] - The basic and diluted earnings per share were both -¥0.024, indicating a loss per share[6] - The weighted average return on net assets was -2.79%, a decrease of 0.50 percentage points[6] - The company reported a net loss of CNY 4,242,700,050.41 for the period, compared to a loss of CNY 4,182,245,130.92 in the previous year[25] - Net profit for the quarter was a loss of approximately $63.29 million, compared to a loss of $56.82 million in the same quarter last year[31] - The total comprehensive income for the period was a loss of approximately $20.83 million, compared to a loss of $282.06 million in the previous year[31] Cash Flow and Liquidity - The net cash flow from operating activities was -¥202,860,809.23, reflecting a decrease in cash inflow from sales[6] - Cash flow from operating activities showed a net outflow of approximately $202.86 million, worsening from a net outflow of $41.33 million in the previous year[34] - The net increase in cash and cash equivalents was -$295.96 million, compared to -$384.39 million previously, showing an improvement in cash management[36] - The ending balance of cash and cash equivalents was $1.69 billion, up from $1.35 billion in the previous period, indicating a stronger liquidity position[36] - The company reported a cash outflow of $75.04 million for debt repayment, compared to $346.27 million in the prior period, suggesting a decrease in leverage[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,528,988,802.91, down 2.17% from the end of the previous year[9] - The equity attributable to shareholders of the listed company was ¥2,154,265,619.77, a decrease of 0.81% compared to the previous year[9] - The company's current assets totaled CNY 4,595,430,539.23 as of March 31, 2022, down from CNY 4,773,090,288.23 at the end of 2021, indicating a decrease of about 3.73%[20] - The total liabilities amounted to CNY 5,244,779,258.49, a decrease from CNY 5,391,019,559.11 in the previous year, reflecting a reduction of approximately 2.73%[25] - Long-term borrowings increased to CNY 401,947,322.26 from CNY 379,001,050.15, showing an increase of approximately 6.4%[25] Operational Highlights - The company experienced a reduction in cash inflow due to decreased sales and increased litigation compensation expenses[12] - The total number of ordinary shareholders at the end of the reporting period was 50,523[13] - The company's inventory as of March 31, 2022, was CNY 1,178,392,154.07, up from CNY 1,144,445,558.34 at the end of 2021, indicating an increase of about 2.97%[20] - The total non-current assets were CNY 2,933,558,263.68, slightly up from CNY 2,922,964,236.54, reflecting a marginal increase of approximately 0.12%[23] Investment and Financing Activities - The company plans to convert a debt of CNY 154,800,000 into equity in its wholly-owned subsidiary, Shanghai Feile Investment Co., Ltd., as part of a capital increase strategy[17] - The company is in the process of transferring 100% equity of Shanghai Feile Investment Co., Ltd. through public listing, with related audit and evaluation work ongoing[17] - Cash inflow from financing activities totaled $78.98 million, a significant decrease from $359.57 million in the prior period[36] - Cash outflow for financing activities was $109.66 million, down from $662.08 million, reflecting a reduction in debt repayment and dividend distribution[36] - The company recorded a significant decrease in investment income, reporting $1.25 million compared to $9.62 million in the previous period[29] Research and Development - Research and development expenses amounted to approximately $44.85 million, down from $52.39 million year-over-year[29]