Fuxin Technology(SH:688662)2022-04-21 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 132,524,952.60, representing a decrease of 7.03% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 13,322,552.76, an increase of 4.60% year-on-year[3] - The net profit after deducting non-recurring gains and losses was CNY 10,769,103.18, down by 10.04% compared to the previous year[3] - Total operating revenue for Q1 2022 was ¥132,524,952.60, a decrease of 7.16% compared to ¥142,548,289.12 in Q1 2021[17] - Net profit for Q1 2022 increased to ¥13,549,712.00, up 5.43% from ¥12,852,384.27 in Q1 2021[18] - Operating profit for Q1 2022 was ¥14,437,451.56, slightly up from ¥14,131,880.77 in Q1 2021[17] - Basic earnings per share for Q1 2022 were ¥0.15, a decrease from ¥0.19 in Q1 2021[18] - The company reported a tax expense of ¥951,197.22 for Q1 2022, down from ¥1,281,857.28 in Q1 2021[18] Cash Flow - The net cash flow from operating activities was CNY 30,910,751.21, with no applicable percentage change reported[3] - Cash flow from operating activities for Q1 2022 was ¥30,910,751.21, a significant improvement from a negative cash flow of -¥24,397,051.57 in Q1 2021[22] - Cash flow from investing activities for Q1 2022 was -¥99,464,074.77, compared to -¥8,266,891.16 in Q1 2021, indicating increased investment outflows[23] - Cash and cash equivalents at the end of Q1 2022 totaled ¥288,095,168.80, down from ¥384,660,952.42 at the end of Q1 2021[23] - The company's cash and cash equivalents decreased to RMB 297,138,352.10 from RMB 340,270,224.94, a decline of about 12.7%[13] Assets and Liabilities - Total assets at the end of the reporting period were CNY 925,364,301.40, reflecting a growth of 3.29% from the end of the previous year[4] - The total assets amounted to RMB 925,364,301.40 as of March 31, 2022, up from RMB 895,923,077.44 as of December 31, 2021, reflecting a growth of approximately 3.3%[15] - The total liabilities increased to RMB 192,715,090.45 as of March 31, 2022, compared to RMB 178,669,036.83 as of December 31, 2021, indicating an increase of about 7.8%[15] - The company reported a total current asset of RMB 716,835,111.19 as of March 31, 2022, a decrease from RMB 757,251,373.96 as of December 31, 2021, representing a decline of approximately 5.0%[13] Shareholder Information - Shareholders' equity attributable to the parent company was CNY 729,283,854.47, up by 2.12% compared to the previous year[4] - The total number of unrestricted circulating shares held by the top 10 shareholders is 6,000,000 shares, with the largest shareholder holding 3,030,709 shares[9] - The company has 32,170,030 shares of restricted stock that will become tradable on April 1, 2022, accounting for 36.46% of the total share capital[10] Research and Development - Research and development expenses totaled CNY 8,327,948.26, accounting for 6.28% of operating revenue, an increase of 0.46 percentage points[3] Other Financial Metrics - The weighted average return on equity decreased by 1.73 percentage points to 1.85% due to increased average net assets from the issuance of new shares[5] - The company experienced an 8.24% increase in export business, while domestic sales declined by 24.21% due to the impact of COVID-19[5] - Non-recurring gains and losses amounted to CNY 2,553,449.58, with government subsidies contributing CNY 1,510,981.45[5] - The company reported a long-term equity investment of RMB 9,010,443.68 as of March 31, 2022, slightly down from RMB 9,047,648.24 as of December 31, 2021[14] - The company’s inventory increased to RMB 194,708,043.23 from RMB 183,615,871.56, indicating an increase of approximately 6.0%[13] - Accounts receivable decreased to RMB 109,393,468.75 from RMB 143,324,689.03, representing a decrease of approximately 23.6%[13]