FOET(SZ:300173)2022-04-22 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥284,317,622.80, a decrease of 20.22% compared to ¥356,379,050.35 in the same period last year[3] - The net profit attributable to shareholders was ¥6,233,088.77, down 48.18% from ¥12,029,008.81 year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥678,049.32, a significant decline of 93.76% compared to ¥10,870,971.81 in the previous year[3] - The company's net profit for Q1 2022 was CNY 8,428,501.01, a decline of 43.7% from CNY 14,975,465.79 in Q1 2021[37] - Total operating costs for Q1 2022 were CNY 290,420,253.87, down 14.0% from CNY 337,849,250.83 in the previous year[36] - Basic and diluted earnings per share for Q1 2022 were CNY 0.0085, down from CNY 0.0164 in Q1 2021[38] Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥28,174,783.89, a 121.32% increase from a negative cash flow of ¥132,176,440.11 in the same period last year[3] - Cash inflow from operating activities totaled CNY 407,482,479.90, an increase of 17.2% compared to CNY 347,607,115.32 in the previous year[40] - The cash and cash equivalents decreased to CNY 363,240,132.80 from CNY 556,163,843.79, representing a decline of approximately 34.8%[31] - The total cash and cash equivalents at the end of the period were 305,702,533.37, down from 390,147,369.56 at the beginning of the period[41] - The cash and cash equivalents decreased by 84,444,836.19 during the quarter, compared to a decrease of 2,070,690.61 in the same period last year[41] Assets and Liabilities - Total assets at the end of Q1 2022 were ¥4,789,753,890.91, a slight increase of 0.02% from ¥4,788,925,421.87 at the end of the previous year[4] - The company's total equity decreased to CNY 1,257,669,069.74 from CNY 1,345,035,568.72, a decline of 6.5%[34] - The company's total current liabilities rose to CNY 3,275,418,746.24 from CNY 3,200,479,061.79, reflecting an increase of approximately 2.3%[33] - Total liabilities increased to CNY 3,532,084,821.17 from CNY 3,443,889,853.15, reflecting a rise of 2.6%[34] - The company reported a significant increase in contract liabilities, which rose to CNY 1,104,196,879.25 from CNY 1,007,921,682.11, an increase of about 9.6%[33] Research and Development - The company's R&D expenses rose to ¥26,396,974.03, reflecting a 54.11% increase due to a higher average number of R&D personnel[9] - R&D expenses increased to CNY 26,396,974.03, up 54.1% from CNY 17,128,130.19 in the same period last year[37] Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,239[14] - The largest shareholder, Foshan Public Utilities Holdings Limited, holds 18.99% of shares, totaling 139,529,247 shares[14] - Guo Jingsong, a natural person, holds 4.65% of shares, with 34,182,844 shares pledged and frozen[14] - The top ten shareholders collectively hold significant stakes, with the first three accounting for 26.91% of total shares[14] - The company has a total of 0 preferred shareholders at the end of the reporting period[15] Government Subsidies and Contracts - The company received government subsidies amounting to ¥14,684,787.99, which is a 220.18% increase from ¥4,586,401.48 in the same period last year[9] - The company received a government subsidy of RMB 12 million, which will positively impact its profit in 2022 and beyond[23] - The company signed operational contracts totaling RMB 350.91 million with CATL and its subsidiaries, exceeding 50% of the company's audited revenue for the last fiscal year[23] - The company signed operational contracts totaling RMB 436.85 million with Zhongchuang Xinhang Technology Co., Ltd. and its subsidiaries, also exceeding 50% of the company's audited revenue for the last fiscal year[23] Investment Activities - The company reported a significant decrease in cash paid for investment activities, down 56.22% to ¥30,000,000, mainly for the purchase of equity in joint ventures[11] - Cash outflow from investing activities was CNY 201,359,944.91, compared to CNY 175,860,082.35 in Q1 2021, indicating an increase in investment expenditures[40] Corporate Governance and Management - The company appointed a new board secretary, indicating a potential shift in governance and management strategy[27] - The report indicates a focus on strategic actions related to shareholder management and asset restructuring commitments[16] Miscellaneous - The company completed the industrial and commercial change registration on January 27, 2022, following the approval of amendments to its articles of association[19] - The company acquired a 35% equity stake in Fuhua Intelligent Manufacturing from Foshan Heyue Investment Co., Ltd.[19] - The company plans to recover at least RMB 104.84 million by September 30, 2024, through public bidding for partners in the Fuhua Intelligent Manufacturing Industrial Park project[20] - The company applied for a comprehensive credit limit of RMB 50 million from Beijing Bank, guaranteed by its wholly-owned subsidiary, Shenzhen Dayu[21] - The company plans to apply for a total credit limit of up to RMB 2 billion from banks and leasing institutions to improve financing efficiency[22] - The company completed the registration of its wholly-owned subsidiary as a private fund manager, enhancing its investment capabilities[28] - The company has no reported violations regarding external guarantees or non-operating fund occupation by major shareholders[29] - The company did not conduct an audit for the first quarter report[41]