Freelynet(SH:603602)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥189,828,606.88, representing a year-on-year increase of 7.32%[2] - Total revenue for Q1 2022 was ¥189,828,606.88, an increase of 7.4% compared to ¥176,876,914.08 in Q1 2021[19] - The net profit attributable to shareholders was -¥10,096,701.91, with a significant decline due to factors such as the pandemic affecting business operations[7] - Net profit for Q1 2022 was a loss of ¥11,449,373.62, compared to a loss of ¥4,858,444.43 in Q1 2021, representing a deterioration of 135.5%[20] - Operating profit for Q1 2022 was a loss of ¥11,693,373.99, compared to a loss of ¥4,339,822.25 in Q1 2021[20] - The basic and diluted earnings per share were both -¥0.05, reflecting a decline from -¥0.02 in the previous period[7] - The company reported a basic and diluted earnings per share of -¥0.05 for Q1 2022, compared to -¥0.02 in Q1 2021[21] Cash Flow and Liquidity - The net cash flow from operating activities was -¥125,585,151.64, indicating a decrease compared to the previous period[7] - Cash flow from operating activities for Q1 2022 was a net outflow of ¥125,585,151.64, an improvement from a net outflow of ¥196,340,100.19 in Q1 2021[23] - Cash and cash equivalents at the end of Q1 2022 were ¥309,246,403.40, compared to ¥254,724,191.40 at the end of Q1 2021[24] - As of March 31, 2022, the company's cash and cash equivalents decreased to ¥335,139,145.65 from ¥505,212,118.67 as of December 31, 2021, representing a decline of approximately 33.6%[14] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,569,890,883.68, down 5.48% from the previous year[3] - Total current assets decreased to ¥1,144,692,357.83 from ¥1,266,299,000.28, a decline of about 9.6%[15] - Total liabilities decreased to ¥845,994,798.90 from ¥925,824,828.51, a reduction of approximately 8.6%[16] - The company's total equity decreased to ¥723,896,084.78 from ¥735,143,434.18, a decline of about 1.5%[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,208[9] - The top shareholder, Su Weifeng, held 30.55% of the shares, totaling 62,284,331 shares[9] Operational Metrics - Total operating costs for Q1 2022 were ¥202,646,682.97, up 9.2% from ¥185,614,420.79 in Q1 2021[19] - Research and development expenses for Q1 2022 were ¥11,384,540.83, down 20.1% from ¥14,239,220.67 in Q1 2021[19] - Sales expenses for Q1 2022 increased to ¥6,831,525.93, up 29.4% from ¥5,275,511.09 in Q1 2021[19] Inventory and Receivables - Accounts receivable increased slightly to ¥236,592,606.29 from ¥234,952,596.41, indicating a growth of about 0.7%[15] - Inventory rose to ¥451,972,729.83 from ¥408,266,181.26, reflecting an increase of approximately 10.7%[15] Other Information - The company did not report any new product developments or market expansion strategies in this quarter[1] - The company issued convertible bonds in April 2020, raising net proceeds of ¥26,310.64 million for network construction and R&D projects, which are still under development as of the reporting period[12] - The company is monitoring the repayment capability of Guangdong Zongheng and will disclose updates on the recovery of loans[11] - The company reported non-recurring losses totaling -¥1,171,138.67 for the period[6] - The weighted average return on equity was -1.38%, a decrease of 0.85 percentage points compared to the previous year[2] - The company reported a decrease in short-term borrowings to ¥47,212,412.46 from ¥58,123,815.81, a decline of approximately 18.5%[16] - The company’s long-term equity investments slightly decreased to ¥6,186,024.55 from ¥6,361,190.37, a reduction of about 2.8%[15]