COFC(SZ:000798)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥73,629,751.72, a decrease of 19.33% compared to ¥91,270,878.32 in the same period last year[3] - The net profit attributable to shareholders was -¥12,788,319.99, an improvement from -¥18,714,764.35 year-on-year[3] - The net cash flow from operating activities was -¥34,628,656.22, a decline compared to -¥20,531,263.64 in the previous year[3] - The company's basic earnings per share improved to -¥0.0400 from -¥0.0586 year-on-year[3] - The weighted average return on net assets was -2.48%, an improvement from -3.12% in the previous year[3] - The company reported a decrease in operating costs by 31% to ¥66,214,208.74, attributed to a decline in trade sales[6] - Total operating revenue for Q1 2022 was ¥73,629,751.72, a decrease of 19.4% compared to ¥91,270,878.32 in Q1 2021[15] - Total operating costs for Q1 2022 were ¥84,136,348.91, down 25.7% from ¥113,166,494.81 in the same period last year[15] - Net loss for Q1 2022 was ¥13,451,084.97, an improvement from a net loss of ¥19,584,080.18 in Q1 2021[16] - The total comprehensive loss for Q1 2022 was ¥13,526,299.49, an improvement from a loss of ¥19,464,833.28 in the same period last year[16] Assets and Liabilities - Total assets at the end of the reporting period were ¥993,828,658.13, down 1.79% from ¥1,011,943,437.40 at the end of the previous year[3] - The company's current assets totaled CNY 240,124,531.52, down from CNY 244,712,232.11 at the beginning of the year, indicating a decrease of approximately 1.4%[13] - The company's cash and cash equivalents decreased to CNY 47,272,521.75 from CNY 57,474,826.22, reflecting a decline of about 17.3%[12] - Accounts receivable increased to CNY 26,930,730.83 from CNY 23,247,294.13, representing an increase of approximately 15.5%[12] - The total liabilities of the company were CNY 448,095,647.86, slightly down from CNY 452,684,127.62, showing a decrease of about 1.5%[14] - The company's short-term borrowings rose to CNY 92,000,000.00 from CNY 65,050,000.00, an increase of approximately 41.4%[13] Financing Activities - The company's short-term borrowings increased by 41%, reaching ¥92,000,000.00, primarily due to increased cash outflow from operating activities[6] - The net cash flow from financing activities increased by 177% to ¥26,097,991.23, reflecting a significant rise in borrowings compared to the previous year[6] - The company signed a financing agreement for a short-term loan of CNY 16,200,000.00 at an interest rate of 3.85% for a term of 12 months[11] - The company raised ¥45,000,000.00 through borrowings in Q1 2022, compared to ¥23,660,000.00 in Q1 2021[19] Equity and Share Issuance - The company's total equity as of March 31, 2022, was CNY 545,733,010.27, down from CNY 559,259,309.78 at the beginning of the year, indicating a decrease of approximately 2.4%[14] - The non-public issuance of shares has been approved by the China Securities Regulatory Commission, with further details provided in the company's announcements[11] Other Activities - Contract liabilities surged by 752% to ¥16,004,733.43, mainly due to an increase in pre-received sales payments for fish products[6] - The company incurred research and development expenses of ¥282,652.39, significantly higher than ¥3,500.00 in Q1 2021[15] - The company plans to publicly transfer fixed assets in Los Angeles, with the final transaction price remaining uncertain[11]