First(SH:603806)2022-04-29 16:00Revenue and Profitability - The company's revenue for Q1 2022 was RMB 3,884,303,667.81, representing a year-on-year increase of 38.02%[4] - Net profit attributable to shareholders decreased by 31.51% to RMB 339,053,406.91, primarily due to a decline in profitability of photovoltaic film products[4][7] - Basic and diluted earnings per share were both RMB 0.36, reflecting a decrease of 33.33% compared to the same period last year[4][7] - The company reported a significant increase in the sales volume of photovoltaic films and backsheets, contributing to revenue growth[26] - The net profit for Q1 2022 was approximately ¥339.58 million, a decrease of 31.5% compared to ¥495.56 million in Q1 2021[34] - Operating profit for Q1 2022 was ¥386.39 million, down 32.0% from ¥568.07 million in Q1 2021[34] - The total comprehensive income for Q1 2022 was approximately ¥337.48 million, compared to ¥475.25 million in Q1 2021, reflecting a decline of 29.0%[35] Cash Flow and Financial Position - The net cash flow from operating activities was negative at RMB -151,427,019.63, indicating a significant cash outflow during the period[4] - The net cash flow from operating activities was negative at ¥151.43 million, an improvement from a negative ¥770.57 million in Q1 2021[37] - Cash inflow from investment activities was -¥119.61 million, a decrease from a positive inflow of ¥711.20 million in Q1 2021[18] - The net cash flow from financing activities was $198,073,018.89[38] - The total cash outflow from financing activities amounted to $1,926,981.11[38] - The impact of exchange rate changes on cash and cash equivalents was -$1,189,403.68[38] - The net increase in cash and cash equivalents was -$74,152,742.82[38] - The beginning balance of cash and cash equivalents was $2,517,613,504.10[38] - The ending balance of cash and cash equivalents was $2,443,460,761.28[38] Assets and Liabilities - Total assets increased by 4.53% to RMB 14,308,660,240.35 compared to the end of the previous year[5] - The total assets as of March 31, 2022, amounted to ¥14,308,660,240.35, an increase from ¥13,687,964,760.32 at the end of 2021[12] - The total liabilities as of March 31, 2022, were ¥1,780,759,380.16, up from ¥1,497,880,520.85 at the end of 2021, indicating a rise of 18.87%[13] - The total equity attributable to shareholders reached ¥12,513,470,428.04, an increase from ¥12,176,177,692.64 at the end of 2021, representing a growth of 2.77%[13] - Current assets totaled ¥11,198,193,802.39, reflecting a growth of 4.11% from ¥10,756,372,539.43 at the end of 2021[12] - Non-current assets increased to ¥3,110,466,437.96, compared to ¥2,931,592,220.89 at the end of 2021, marking a growth of 6.06%[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 25,355[8] - The largest shareholder, Hangzhou Foster Technology Group Co., Ltd., held 48.45% of the shares[8] Costs and Expenses - Total operating costs for Q1 2022 were ¥3,449,273,102.43, up 60.25% from ¥2,151,668,599.05 in Q1 2021[14] - Research and development expenses increased to ¥139.22 million, up 45.0% from ¥95.80 million in the same period last year[34] - The company reported a tax expense of ¥45.76 million, a decrease from ¥71.95 million in the previous year[34] - The company recorded a financial expense of -¥5.56 million, a significant improvement from -¥17.40 million in Q1 2021[15] Return on Equity - The weighted average return on equity was 2.75%, a decrease of 2.6 percentage points from the previous year[4]