FHEC(SZ:000561)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥159,248,968.87, a decrease of 14.14% compared to ¥185,470,341.68 in the same period last year[3] - The net profit attributable to shareholders was -¥35,113,955.27, worsening from -¥14,896,662.20 year-on-year[3] - The company reported a net loss of CNY 39,477,287.62 for Q1 2022, compared to a loss of CNY 13,755,155.32 in the previous year[19] - The net profit for Q1 2022 was -45,255,793.04 CNY, compared to -20,120,499.08 CNY in Q1 2021, indicating a decline of approximately 124.5% year-over-year[20] - The company's total comprehensive income for Q1 2022 was -45,255,793.04 CNY, compared to -20,120,499.08 CNY in Q1 2021, indicating a worsening overall financial position[20] Cash Flow - The net cash flow from operating activities was -¥250,184,555.04, significantly lower than -¥78,806,806.41 in the previous year[9] - Cash flow from operating activities showed a net outflow of -250,184,555.04 CNY, compared to -78,806,806.41 CNY in Q1 2021, representing an increase in cash burn[22] - The company reported cash inflows from operating activities of 150,642,169.26 CNY, down from 345,982,348.01 CNY in the previous year, a decline of about 56.5%[22] - The cash flow from investment activities was -¥195,401,294.35, a stark contrast to a positive cash flow of ¥10,999,399.00 in the same period last year[9] - The total cash outflow from investing activities was -195,401,294.35 CNY, compared to an inflow of 10,999,399.00 CNY in Q1 2021, indicating a significant shift in investment strategy[22] - The net cash flow from financing activities was 14,915,041.40 CNY, an increase from 6,478,475.00 CNY in the same quarter last year, suggesting improved financing efforts[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,783,579,941.76, down 2.71% from ¥3,889,065,388.54 at the end of the previous year[3] - Total assets decreased to CNY 3,783,579,941.76 from CNY 3,889,065,388.54, a reduction of 2.72%[16] - Total liabilities decreased to CNY 1,990,108,322.14 from CNY 2,050,311,182.45, a decline of 2.93%[17] - The total equity attributable to shareholders decreased by 2.06% to ¥1,669,743,226.87 from ¥1,704,873,544.88 at the end of the previous year[3] - The company's equity attributable to shareholders decreased to CNY 1,669,743,226.87 from CNY 1,704,873,544.88, a decrease of 2.06%[17] Operational Metrics - Total operating costs for Q1 2022 were CNY 201,264,718.21, down 7.71% from CNY 218,110,939.54 year-on-year[19] - The weighted average return on net assets decreased to -2.25%, down 1.30 percentage points from -0.95% in the same period last year[3] - Research and development expenses for Q1 2022 were CNY 35,669,821.02, slightly down from CNY 35,986,708.91 in the previous year[19] - The basic earnings per share (EPS) for Q1 2022 was -0.0584, compared to -0.0249 in the same period last year, reflecting a worsening performance[20] Other Income and Expenses - The company reported a significant decrease in other income, which fell by 73.24% to ¥15,238.61 compared to ¥56,947.64 in the previous year[8] - The company's financial expenses increased significantly, amounting to ¥562,605.19 compared to -¥775,700.00 in the previous year[8] - Cash and cash equivalents decreased to CNY 364,480,143.01 from CNY 616,556,147.65 at the beginning of the year, a decline of 41.00%[15] - Accounts receivable increased to CNY 1,149,145,930.86 from CNY 1,097,441,851.90, reflecting a growth of 4.73%[15] - Inventory rose to CNY 955,559,106.86, up 14.43% from CNY 835,148,224.37 at the beginning of the year[16] Mergers and Acquisitions - The company did not report any net profit from mergers under common control for the current or previous periods, indicating no significant acquisitions during this timeframe[20]