FHEC(SH:688362)2023-04-20 16:00Financial Performance - The company's net profit from non-recurring items amounted to ¥19,230,805.28, with significant contributions from various non-operating income sources[5]. - The company's operating revenue for the first quarter was CNY 424,645,413.14, representing a year-on-year decline of 26.85%[31]. - The net profit attributable to shareholders of the listed company was a loss of CNY 49,869,944.15, a decrease of 170.04% compared to the same period last year[31]. - The net cash flow from operating activities was a negative CNY 1,017,056.85, reflecting a decline of 100.68% year-on-year[31]. - The net profit attributable to shareholders decreased due to reduced sales and increased management expenses from capacity expansion and personnel growth[43]. - The net profit after deducting non-recurring gains and losses fell significantly, primarily due to a decline in net profit and an increase in non-recurring gains from stock price recovery of strategic placements[43]. - Basic and diluted earnings per share both declined as a result of the decrease in net profit attributable to shareholders[43]. - Total operating revenue for Q1 2023 was RMB 424,645,413.14, a decrease of 26.9% compared to RMB 580,552,887.10 in Q1 2022[56]. - Total operating costs for Q1 2023 were RMB 502,200,327.32, down 3.3% from RMB 519,124,431.52 in Q1 2022[56]. - Cash received from sales of goods and services in Q1 2023 was RMB 408,588,087.91, down 39.5% from RMB 674,792,643.63 in Q1 2022[59]. - Basic and diluted earnings per share for Q1 2023 were both -0.12 RMB, compared to 0.20 RMB in Q1 2022[58]. Assets and Liabilities - The total liabilities increased to ¥5,794,654,368.19, up from ¥5,373,914,178.40, reflecting a growth of approximately 7.8%[15]. - The total equity rose to ¥3,287,045,902.52, compared to ¥2,944,785,890.66, indicating an increase of about 11.6%[16]. - The total assets reached ¥9,081,700,270.71, compared to ¥8,318,700,069.06, representing an increase of approximately 9.2%[16]. - The company's total assets increased by 9.17% to CNY 9,081,700,270.71 compared to the end of the previous year[39]. - Total current assets increased to approximately RMB 2.01 billion from RMB 1.79 billion, reflecting a growth of about 12.8%[51]. - Cash and cash equivalents rose to RMB 1.09 billion, up from RMB 986.5 million, indicating an increase of approximately 10.4%[50]. - Inventory decreased to RMB 290.6 million from RMB 320.6 million, a decline of about 9.3%[51]. - Short-term borrowings decreased to RMB 594.98 million from RMB 753.74 million, a reduction of about 21.1%[52]. Expenses - Research and development expenses totaled CNY 28,128,058.78, accounting for 6.62% of operating revenue, an increase of 1.65 percentage points[39]. - The company experienced a significant increase in management expenses, which rose by 75.06% year-on-year due to personnel and project costs[32]. - Sales expenses increased to RMB 8,134,520.16 in Q1 2023 from RMB 6,270,431.69 in Q1 2022, reflecting a rise of 29.7%[56]. - Management expenses rose significantly to RMB 50,147,035.08 in Q1 2023, compared to RMB 28,645,867.43 in Q1 2022, marking a 75% increase[56]. Cash Flow - The net cash flow from operating activities decreased due to reduced operating income and increased expenses[43]. - The net increase in cash and cash equivalents for the period was CNY 148,402,399.19, compared to CNY 65,790,463.85 in the previous year[21]. - The company reported a total financing cash inflow of CNY 1,120,000,000.00, up from CNY 369,900,000.00 in the previous year[21]. - Total cash outflow from investing activities in Q1 2023 was RMB 629,177,247.26, compared to RMB 262,440,547.87 in Q1 2022[61]. - Cash inflow from financing activities in Q1 2023 included RMB 400,000,000.00 from investment and RMB 720,000,000.00 from borrowings[61]. Shareholder Information - The total number of shareholders increased, reflecting a growing interest in the company's stock[8]. - The total number of common shareholders at the end of the reporting period was 10,480[44].