Forest Packaging(SH:605500)2022-04-25 16:00Financial Performance - The company's revenue for Q1 2022 was CNY 618,554,684.79, representing an increase of 11.73% compared to the same period last year[5]. - Net profit attributable to shareholders decreased by 37.18% to CNY 34,974,928.48, primarily due to rising raw material prices and declining sales prices impacted by the COVID-19 pandemic[5][8]. - Basic and diluted earnings per share both decreased by 39.29% to CNY 0.17 per share[5][8]. - The net profit for Q1 2022 was CNY 34,878,709.85, a decrease of 37.2% compared to CNY 55,620,637.47 in Q1 2021[17]. - The total profit for Q1 2022 was CNY 29,473,220.85, down 55.1% from CNY 65,646,195.60 in the same period last year[17]. - The operating profit for Q1 2022 was CNY 30,004,157.42, a decline of 55.1% compared to CNY 66,715,155.73 in Q1 2021[17]. - The total comprehensive income for Q1 2022 was CNY 34,934,812.58, compared to CNY 55,620,637.47 in Q1 2021[18]. - Basic and diluted earnings per share for Q1 2022 were both CNY 0.17, down from CNY 0.28 in Q1 2021[18]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,719,924,858.76, a slight increase of 0.24% from the end of the previous year[6]. - Total assets as of March 31, 2022, were ¥2,719,924,858.76, a marginal increase from ¥2,713,443,143.43 at the end of 2021[16]. - Total liabilities decreased to ¥279,981,193.72 from ¥347,434,290.97, a reduction of 19.4%[15]. - Shareholders' equity increased to ¥2,439,943,665.04 from ¥2,366,008,852.46, reflecting a growth of 3.1%[15]. Cash Flow - The net cash flow from operating activities was CNY 25,474,339.74, with no applicable percentage change reported[5]. - The cash flow from operating activities for Q1 2022 was CNY 25,474,339.74, a significant improvement from a negative cash flow of CNY -45,854,124.33 in Q1 2021[20]. - The total cash inflow from operating activities in Q1 2022 was CNY 492,853,429.51, down 28.3% from CNY 687,262,298.12 in Q1 2021[20]. - The cash outflow from operating activities in Q1 2022 was CNY 467,379,089.77, a decrease of 36.3% compared to CNY 733,116,422.45 in Q1 2021[20]. - The net cash flow from financing activities for Q1 2022 was CNY 38,996,250.00, compared to a negative cash flow of CNY -82,279,291.44 in Q1 2021[21]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,319[10]. - The top three shareholders held a combined 54.26% of the company's shares, indicating significant ownership concentration[10]. Operating Costs and Expenses - Total operating costs for Q1 2022 were ¥622,692,193.82, up from ¥511,032,923.02 in Q1 2021, reflecting a year-over-year increase of 22.0%[16]. - Research and development expenses for Q1 2022 were ¥21,622,743.16, slightly up from ¥20,288,223.82 in Q1 2021, indicating continued investment in innovation[16]. Other Financial Metrics - The weighted average return on equity fell by 41.98 percentage points to 1.52%[6][8]. - Non-recurring gains and losses amounted to CNY 1,545,863.09, with government subsidies contributing CNY 1,008,572.84[7][8]. - Cash and cash equivalents as of March 31, 2022, were ¥260,929,564.89, compared to ¥230,521,276.69 as of December 31, 2021, showing a growth of 13.2%[13]. - Accounts receivable decreased to ¥238,241,336.42 from ¥291,307,515.39, a decline of 18.2%[13]. - Inventory levels slightly increased to ¥311,426,932.43 from ¥306,708,899.42, indicating stable inventory management[14].