CFT(SH:603685)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 300,197,780.49, a decrease of 18.40% compared to the same period last year[2]. - Net profit attributable to shareholders was CNY 5,410,337.68, down 88.01% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was CNY 3,569,595.20, a decline of 91.49% compared to the previous year[2]. - Basic earnings per share decreased by 88.89% to CNY 0.03, while diluted earnings per share fell by 81.48% to CNY 0.05[2]. - Net profit for Q1 2022 was ¥1,913,056.54, a significant decline of 96.1% from ¥48,730,941.62 in Q1 2021[18]. - Basic earnings per share for Q1 2022 were ¥0.03, compared to ¥0.27 in Q1 2021, reflecting a decrease of 88.9%[19]. - The company reported a total comprehensive income of -¥325,589.10 for Q1 2022, contrasting with ¥49,680,799.99 in Q1 2021[19]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 83,386,886.00, an increase of 2,937.71% year-on-year[2]. - Cash flow from operating activities for Q1 2022 was ¥83,386,886.00, a substantial increase from ¥2,745,056.39 in Q1 2021[20]. - The company received government compensation for relocation, contributing to the significant increase in cash flow from operating activities[5]. - Cash and cash equivalents at the end of Q1 2022 totaled ¥374,280,548.73, up from ¥305,623,779.64 at the end of Q1 2021[21]. - Financing activities resulted in a net cash outflow of -¥62,081,068.34 in Q1 2022, compared to a net inflow of ¥99,002,031.69 in Q1 2021[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,389,816,103.33, a decrease of 3.88% from the end of the previous year[2]. - As of March 31, 2022, the total assets of the company amounted to RMB 2,389,816,103.33, a decrease from RMB 2,486,158,503.90 as of December 31, 2021, representing a decline of approximately 3.9%[12]. - The company's total current assets were RMB 1,325,351,869.70, down from RMB 1,445,398,697.21, indicating a decrease of about 8.3%[12]. - The total liabilities decreased to RMB 1,177,468,792.76 from RMB 1,273,502,175.10, reflecting a reduction of approximately 7.5%[13]. - The company's total equity remained relatively stable at RMB 1,212,347,310.57 compared to RMB 1,212,656,328.80, showing a negligible change[14]. Operational Efficiency - The decline in net profit was primarily due to reduced sales revenue impacted by the pandemic and rising raw material costs[5]. - Total operating costs for Q1 2022 were ¥301,261,492.40, down 4.8% from ¥316,429,356.74 in Q1 2021[16]. - Research and development expenses for Q1 2022 were ¥13,018,107.64, a decrease of 16.4% from ¥15,578,294.00 in Q1 2021[16]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,091[7]. - The company reported a total of 14,460,000 shares pledged by its controlling shareholder, impacting liquidity considerations[9]. - The company is actively monitoring its financial health and has provided updates on shareholder pledges, which may affect future financing strategies[8].