FOET(SZ:300173)2023-04-26 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥284,743,544.39, a slight increase of 0.15% compared to ¥284,317,622.80 in the same period last year[4] - Net profit attributable to shareholders increased by 10.99% to ¥6,917,857.40 from ¥6,233,088.77 year-on-year[4] - The net profit after deducting non-recurring gains and losses surged by 658.13% to ¥5,140,471.27, primarily due to effective loss reduction measures implemented since the end of last year[8] - Basic and diluted earnings per share increased by 10.59% to ¥0.0094 from ¥0.0085 year-on-year[4] - The company's gross profit margin improved, with gross profit for Q1 2023 at CNY 1,563,822.69 compared to CNY 1,897,368.93 in Q1 2022[36] - The company reported a total comprehensive income of CNY 9,649,138.85 for Q1 2023, compared to CNY 8,428,501.01 in Q1 2022, indicating a growth of approximately 14.5%[38] Cash Flow - The net cash flow from operating activities rose significantly by 82.79% to ¥51,501,528.29 compared to ¥28,174,783.89 in the previous year[4] - Cash inflow from operating activities increased significantly to CNY 489,031,219.90 from CNY 407,482,479.90, representing a growth of approximately 20%[39] - The total cash outflow from investing activities was ¥2,369,915.15, significantly lower than ¥201,359,944.91 in the same period last year[40] - The net cash flow from financing activities was -¥48,551,731.45, a decrease from a positive cash flow of ¥68,530,393.19 in Q1 2022[40] - The cash inflow from investment activities was ¥43,035,015.12, compared to ¥20,242,610.00 in Q1 2022, indicating a significant increase[40] - The cash flow from other operating activities increased to ¥81,664,275.98 from ¥38,914,331.26 year-over-year[40] Assets and Liabilities - Total assets at the end of Q1 2023 were ¥4,422,352,581.14, a decrease of 0.44% from ¥4,441,824,095.19 at the end of the previous year[4] - The total liabilities decreased slightly to CNY 3,483,122,848.46 from CNY 3,512,243,501.36, a reduction of about 0.83%[33] - The equity attributable to shareholders of the parent company increased to CNY 856,919,116.17 from CNY 850,001,258.77, showing a growth of approximately 0.82%[33] Shareholder Information - The total number of common shareholders at the end of the reporting period is 32,895[14] - The largest shareholder, Foshan Investment Holding Group Co., Ltd., holds 20.78% of the shares, totaling 44,000,000 shares[15] - The company has 1.14% of shares held by individual shareholder Zhang Xiaoling, totaling 8,345,400 shares[15] - The company has 1.09% of shares held by individual shareholder Deng Chizhu, totaling 4,007,143 shares[15] - The company has 1.32% of shares held by Shenzhen High-tech Investment Group Co., Ltd., totaling 9,700,000 shares[15] Corporate Actions - The company plans to issue up to 127,226,463 A-shares at a price of 3.93 RMB per share, aiming to raise no more than 500 million RMB[18] - The net proceeds from the share issuance will be used to supplement working capital and repay debts[18] - The company has terminated the 2021 first phase stock option incentive plan[20] - The company received consent from Foshan Investment Holding Group for the A-share issuance on March 21, 2023[18] Management and Operations - The company has appointed Liang Jiangyong as the new General Manager and Cai Zhiqiang as the new Deputy General Manager[25] - The company has relocated its office address to Dongguan City, effective March 1, 2023[27] - The company’s subsidiary, Guangdong Fuhua Private Fund Management Co., Ltd., has automatically canceled its private fund manager qualification due to the inability to find suitable projects[28] Expenses - The company reported a significant reduction in sales expenses, which increased by 62.43% to ¥21,961,683.78 due to personnel changes in the service department[11] - Research and development expenses decreased to CNY 19,057,735.75 from CNY 26,396,974.03, a reduction of about 28%[36] - The cash outflow for employee payments increased to ¥89,386,263.95 from ¥77,559,399.20 year-over-year[40] - The cash paid for taxes decreased to ¥19,221,110.07 from ¥30,227,106.94 in the same quarter last year[40] Other Financial Metrics - The company experienced a 1275.14% increase in asset disposal gains, amounting to ¥678,485.53, attributed to the early termination of a lease[12] - The company's prepayments surged by 93.94% to ¥11,559,380.35, driven by increased orders for lithium battery equipment products[10] - The weighted average return on equity improved to 0.81% from 0.52% year-on-year[4] - The expected amount of daily related transactions with controlling shareholders is capped at 802.5 million RMB for 2023[21] - The company has set a maximum external guarantee limit of RMB 1,140 million for 2023[22] - The company plans to apply for a comprehensive credit limit not exceeding RMB 1,950 million from financial institutions for 2023[23]