GUILIN FUDA (SH:603166)2022-04-29 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 302,895,139.88, a decrease of 43.69% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 30,107,816.22, reflecting a decline of 51.58% year-on-year[5] - The net cash flow from operating activities was CNY 2,903,850.35, down 97.52% from the previous year[5] - Basic earnings per share were CNY 0.051, a decrease of 51.43% compared to the same period last year[5] - The company reported a total profit of ¥33,388,807.78 for Q1 2022, down 54.4% from ¥73,357,543.89 in Q1 2021[17] - The net profit for Q1 2022 was a loss of ¥2,334,210.39, compared to a profit of ¥6,409,831.86 in Q1 2021, indicating a significant decline[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,719,387,001.43, an increase of 1.17% from the end of the previous year[5] - The total assets of the company amount to ¥3,719,387,001.43, up from ¥3,676,446,622.64, reflecting a growth of about 1.2%[13] - Total liabilities as of Q1 2022 amounted to ¥1,051,467,472.05, slightly up from ¥1,038,634,909.48 in Q1 2021[17] - The company's total equity as of March 31, 2022, was ¥2,420,787,184.86, down from ¥2,423,121,395.25 at the end of 2021[24] Cash Flow - The company's cash and cash equivalents as of March 31, 2022, amount to ¥408,352,787.89, a decrease from ¥477,325,177.41 as of December 31, 2021, representing a decline of approximately 14.5%[12] - The net cash flow from operating activities for Q1 2022 was ¥2,903,850.35, a significant decrease from ¥117,169,744.98 in Q1 2021[20] - Total cash inflow from operating activities was ¥278,190,932.18, while cash outflow was ¥275,287,081.83, resulting in a net increase of ¥2,903,850.35[20] - The cash inflow from investment activities totaled ¥21,680,655.39, while cash outflow was ¥78,154,320.33, resulting in a net cash flow of -¥56,473,664.94[20] Cost Management - The company experienced a 43.80% reduction in operating costs, amounting to CNY 228,291,890.38, due to decreased revenue[7] - Total operating costs for Q1 2022 were ¥278,487,980.26, down 40.9% from ¥471,006,302.02 in Q1 2021[17] - The company incurred financial expenses of ¥146,651.94 in Q1 2022, significantly lower than ¥904,853.04 in Q1 2021, indicating improved financial management[26] - The company’s management expenses were reduced to ¥9,971,241.92 in Q1 2022 from ¥11,575,407.80 in Q1 2021, indicating a tighter control on overhead costs[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 646,208,651[9] - The largest shareholder, Fuda Holdings Group Co., Ltd., holds 381,937,285 shares, accounting for 59.10% of total shares[9] - The company has a total of 16,759,776 shares held by Guangxi Agricultural Reclamation Capital Management Group Co., Ltd., representing 2.59% of total shares[9] Research and Development - Research and development expenses for Q1 2022 were ¥21,602,716.14, down 6.2% from ¥23,035,398.29 in Q1 2021[17] - The company has not reported any significant new product developments or market expansion strategies during the reporting period[10]