Friend (SH:605050)2022-04-29 16:00Financial Summary Key Financial Data and Indicators In Q1 2022, the company's operating revenue reached 2.47 billion Yuan, growing 14.57% year-on-year, but net profit attributable to shareholders decreased 17.19% to 70.35 million Yuan, with basic EPS at 0.16 Yuan, down 20%, while net cash flow from operating activities, though negative, significantly improved from the prior year period Key Financial Indicators for Q1 2022 | Indicator | Current Reporting Period (Yuan) | Change from Prior Year Period (%) | | :--- | :--- | :--- | | Operating Revenue | 2,473,240,597.74 | 14.57% | | Net Profit Attributable to Shareholders of the Listed Company | 70,352,689.93 | -17.19% | | Net Profit Attributable to Shareholders of the Listed Company, Excluding Non-recurring Gains and Losses | 64,146,339.62 | -18.78% | | Net Cash Flow from Operating Activities | -110,500,408.30 | Not Applicable | | Basic Earnings Per Share (Yuan/share) | 0.16 | -20.00% | | Weighted Average Return on Net Assets (%) | 2.21% | Decreased by 0.68 percentage points | Key Balance Sheet Data at Period End | Indicator | End of Current Reporting Period (Yuan) | End of Previous Year (Yuan) | Change from Previous Year End (%) | | :--- | :--- | :--- | :--- | | Total Assets | 6,333,392,949.91 | 6,493,813,404.22 | -2.47% | | Total Equity Attributable to Shareholders of the Listed Company | 3,213,593,499.25 | 3,143,169,497.40 | 2.24% | Non-recurring Gains and Losses Total non-recurring gains and losses for the current period amounted to 6.21 million Yuan, primarily comprising government grants of 8.20 million Yuan recognized in current profit or loss Details of Non-recurring Gains and Losses | Item | Current Period Amount (Yuan) | Description | | :--- | :--- | :--- | | Government Grants Included in Current Period Profit/Loss | 8,196,212.49 | Primarily government financial subsidies | | Other Non-operating Income and Expenses Apart from the Above | 160,607.68 | - | | Less: Income Tax Impact | 2,088,724.90 | - | | Less: Impact on Minority Interests (After Tax) | 61,744.96 | - | | Total | 6,206,350.31 | - | Analysis of Key Financial Indicator Changes During the reporting period, net cash flow from operating activities significantly improved year-on-year, primarily due to increased sales collections compared to the prior year period - Net cash flow from operating activities increased by 217.78 million Yuan year-on-year, primarily due to increased sales collections in the current period compared to the prior year period11 Shareholder Information Shareholding Structure As of the end of the reporting period, the company had 20,972 common shareholders, with the top five shareholders collectively holding 83.75%, indicating a highly concentrated equity structure, where controlling shareholders Cui Jianhua and Cui Jianbing are brothers and act in concert, jointly controlling the company - The total number of common shareholders at the end of the reporting period was 20,97212 Top Ten Shareholders' Shareholding Information | Shareholder Name | Shareholding Percentage (%) | Number of Shares Held | Nature | | :--- | :--- | :--- | :--- | | Cui Jianhua | 29.38 | 127,810,000 | Domestic Natural Person | | Shanghai Renke Investment Management Partnership (Limited Partnership) | 28.45 | 123,750,000 | Domestic Non-State-Owned Legal Person | | Shanghai Futong Enterprise Management Consulting Partnership (Limited Partnership) | 10.34 | 45,000,000 | Domestic Non-State-Owned Legal Person | | Cui Jianbing | 7.34 | 31,950,000 | Domestic Natural Person | | Shanghai Xingsheng Investment Partnership (Limited Partnership) | 7.24 | 31,500,000 | Domestic Non-State-Owned Legal Person | - The company's controlling shareholders and actual controllers, Cui Jianhua and Cui Jianbing, are brothers and effectively control Shanghai Renke Investment Management Partnership (Limited Partnership), forming persons acting in concert14 Financial Statements Consolidated Financial Statements This section presents the company's consolidated financial statements for Q1 2022, including the balance sheet, income statement, and cash flow statement, comprehensively reflecting the overall financial position, operating results, and cash flows of the company and its subsidiaries Consolidated Balance Sheet As of March 31, 2022, the company's total assets were 6.33 billion Yuan, a slight decrease of 2.47% from the end of the previous year, with total liabilities at 3.01 billion Yuan, down 7.23%, and total equity attributable to shareholders at 3.21 billion Yuan, up 2.24% Consolidated Balance Sheet Key Items (Unit: Yuan) | Item | March 31, 2022 | December 31, 2021 | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 6,333,392,949.91 | 6,493,813,404.22 | -2.47% | | Total Liabilities | 3,013,437,831.47 | 3,248,243,836.23 | -7.23% | | Total Equity Attributable to Parent Company Owners | 3,213,593,499.25 | 3,143,169,497.40 | 2.24% | Consolidated Income Statement In Q1 2022, the company achieved operating revenue of 2.47 billion Yuan, a 14.57% year-on-year increase, but due to increased operating costs and financial expenses, operating profit decreased 15.26% year-on-year, resulting in net profit attributable to the parent company of 70.35 million Yuan, down 17.19% Consolidated Income Statement Key Items (Unit: Yuan) | Item | Q1 2022 | Q1 2021 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 2,473,240,597.74 | 2,158,748,230.62 | 14.57% | | Operating Profit | 94,949,357.49 | 112,050,916.04 | -15.26% | | Net Profit | 71,885,550.45 | 83,774,561.64 | -14.20% | | Net Profit Attributable to Parent Company Shareholders | 70,352,689.93 | 84,952,780.35 | -17.19% | Consolidated Cash Flow Statement During the reporting period, net cash flow from operating activities was -110.50 million Yuan, a significant 66.34% improvement from -328.28 million Yuan in the prior year period, primarily due to increased cash received from sales of goods, with net cash outflow from investing activities of 70.44 million Yuan and net cash inflow from financing activities of 28.09 million Yuan Consolidated Cash Flow Statement Key Items (Unit: Yuan) | Item | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -110,500,408.30 | -328,284,045.95 | | Net Cash Flow from Investing Activities | -70,442,722.88 | 365,856,739.70 | | Net Cash Flow from Financing Activities | 28,087,403.77 | 2,866,971.25 | Parent Company Financial Statements This section provides the parent company's financial statements, used for independently assessing the parent company's financial performance, excluding subsidiary results Parent Company Balance Sheet As of March 31, 2022, the parent company's total assets were 6.02 billion Yuan, a 4.70% decrease from the end of the previous year, with total liabilities at 2.89 billion Yuan, down 10.92%, and total owner's equity at 3.13 billion Yuan, up 1.87% Parent Company Balance Sheet Key Items (Unit: Yuan) | Item | March 31, 2022 | December 31, 2021 | Change Rate | | :--- | :--- | :--- | :--- | | Total Assets | 6,022,446,793.29 | 6,319,426,122.10 | -4.70% | | Total Liabilities | 2,890,427,039.98 | 3,244,934,447.43 | -10.92% | | Total Owner's Equity | 3,132,019,753.31 | 3,074,491,674.67 | 1.87% | Parent Company Income Statement In Q1 2022, the parent company achieved operating revenue of 2.33 billion Yuan, a 13.25% year-on-year increase, but due to cost and expense impacts, operating profit decreased 29.42% year-on-year, with net profit at 57.53 million Yuan, down 30.32% Parent Company Income Statement Key Items (Unit: Yuan) | Item | Q1 2022 | Q1 2021 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 2,327,513,530.30 | 2,055,171,133.36 | 13.25% | | Operating Profit | 76,312,816.01 | 109,550,137.38 | -30.34% | | Net Profit | 57,528,078.64 | 82,556,063.07 | -30.32% | Parent Company Cash Flow Statement During the reporting period, the parent company's net cash flow from operating activities was -132.84 million Yuan, a significant 62.99% improvement from -359.20 million Yuan in the prior year period, with net cash outflow from investing activities of 9.44 million Yuan and net cash inflow from financing activities of 27.88 million Yuan Parent Company Cash Flow Statement Key Items (Unit: Yuan) | Item | Q1 2022 | Q1 2021 | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -132,838,390.90 | -359,197,588.41 | | Net Cash Flow from Investing Activities | -9,435,807.11 | 359,652,857.31 | | Net Cash Flow from Financing Activities | 27,883,782.36 | 20,361,202.27 |