丰林集团(601996) - 2022 Q1 - 季度财报

Revenue Performance - Revenue for Q1 2022 was CNY 376.32 million, a decrease of 3.69% compared to the same period last year[4] - Total revenue for Q1 2022 was RMB 376,319,042.17, a decrease of 3.6% compared to RMB 390,719,674.35 in Q1 2021[17] - Total revenue for Q1 2022 was 31,614,044.08 CNY, a significant increase from 17,491,903.55 CNY in Q1 2021, representing an increase of approximately 80.5%[18] Profitability - Net profit attributable to shareholders was CNY 31.85 million, an increase of 79.04% year-on-year[4] - Net profit excluding non-recurring gains and losses was CNY 27.81 million, up 52.96% from the previous year[4] - Basic earnings per share increased by 75% to CNY 0.028[4] - Operating profit for Q1 2022 reached 33,084,748.79 CNY, compared to 17,448,393.92 CNY in the same period last year, indicating a growth of about 89.2%[18] - The company’s total comprehensive income for Q1 2022 was 33,163,645.12 CNY, compared to a loss of 1,420,498.47 CNY in Q1 2021, marking a turnaround in performance[19] - Basic and diluted earnings per share for Q1 2022 were both 0.028 CNY, an increase from 0.016 CNY in Q1 2021, representing a growth of 75%[19] Cash Flow and Financial Position - Operating cash flow net amount decreased by 49.26% to CNY 55.97 million[4] - The net cash flow from operating activities for Q1 2022 was 55,972,998.94 CNY, down from 110,307,092.11 CNY in Q1 2021, reflecting a decrease of approximately 49.3%[22] - The company reported a decrease in cash received from sales of goods and services, totaling 466,871,504.76 CNY in Q1 2022, compared to 581,175,979.42 CNY in Q1 2021, a decline of about 19.7%[22] - Investment activities resulted in a net cash outflow of 73,974,997.45 CNY in Q1 2022, a significant drop from a net inflow of 767,849,180.95 CNY in Q1 2021[23] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,962.99 million, down 1.72% from the end of the previous year[5] - As of March 31, 2022, total assets amounted to RMB 3,962,994,298.37, down from RMB 4,032,402,172.99 at the end of 2021[15] - Current assets decreased to RMB 1,842,035,323.91 from RMB 1,946,617,785.31 at the end of 2021, reflecting a decline of 5.4%[13] - The company’s cash and cash equivalents were RMB 824,374,023.84, down from RMB 897,954,942.03, indicating a decrease of 8.1%[13] - Total liabilities decreased to RMB 1,104,077,524.51 from RMB 1,206,649,044.25, a decline of 8.5%[15] Shareholder Information - Shareholders' equity attributable to shareholders increased by 1.18% to CNY 2,854.24 million[5] - The total number of ordinary shareholders at the end of the reporting period was 33,362[10] - The total equity attributable to shareholders increased to RMB 2,854,244,123.72 from RMB 2,820,847,067.52, reflecting a growth of 1.2%[15] Other Financial Metrics - Other non-current assets decreased by 72.32%, primarily due to a reduction in prepayments for equipment related to the Qinzhou project[7] - Investment income increased by 249.67% due to the disposal of equity in the Angsi factory[7] - The company incurred financial expenses of -242,714.92 CNY in Q1 2022, a significant improvement compared to 4,446,753.49 CNY in Q1 2021, reflecting a reduction in interest expenses[18] - The company’s tax expenses for Q1 2022 were -171,428.85 CNY, compared to -419,319.52 CNY in Q1 2021, indicating a decrease of approximately 59.1%[18] Project Updates - The company has completed the first board line of the "annual production of 500,000 m³ super strong particleboard project" on March 14, 2022[12]