FPI(SZ:300203)2021-04-28 16:00Financial Performance - The company's revenue for Q1 2021 was ¥524,161,774.84, representing a 16.44% increase compared to ¥450,174,567.85 in the same period last year[8]. - The net profit attributable to shareholders was -¥82,994,720.62, a decline of 132.04% from -¥35,767,712.80 year-on-year[8]. - The basic earnings per share were -¥0.187, reflecting a 136.71% decrease from -¥0.079 in the same period last year[8]. - The net profit decreased by 183.83% to -CNY 90,472,266.59 impacted by declining gross margins and rising expenses[24]. - The total operating revenue for the first quarter was ¥524,161,774.84, an increase of 16.4% compared to ¥450,174,567.85 in the same period last year[61]. - The net profit for the current period was a loss of ¥90,472,266.59, compared to a loss of ¥31,875,034.76 in the previous period, indicating a significant increase in losses[67]. - Total comprehensive income for the current period was -¥91,252,058.42, compared to -¥31,838,870.43 in the previous period, showing a substantial decline[71]. Cash Flow - The net cash flow from operating activities was -¥392,626,362.16, which is a 89.85% decrease compared to -¥206,803,389.49 in the previous year[8]. - Cash inflow from operating activities totaled 697,742,973.23, up from 553,815,781.86 year-over-year[83]. - Cash outflow from operating activities was 1,090,369,335.39, compared to 760,619,171.35 in the previous period, leading to a net cash flow from operating activities of -392,626,362.16[83]. - Net cash flow from financing activities increased by 740.57% to CNY 411,582,260.25 due to net increase in borrowings[27]. - Cash inflow from financing activities reached 610,562,159.88, an increase from 395,147,885.00 in the prior year[85]. - Cash flow from investment activities resulted in a net outflow of -269,241,654.80, contrasting with a net inflow of 3,509,621.85 in the prior year[89]. Assets and Liabilities - Total assets at the end of the reporting period were ¥9,535,105,788.15, an increase of 1.75% from ¥9,370,697,819.72 at the end of the previous year[8]. - Total liabilities increased significantly, with current liabilities due within one year rising by 63.68% to CNY 383,002,761.43 due to reclassification under new leasing standards[24]. - The total liabilities increased to ¥5,426,406,543.10, up from ¥5,182,126,186.57, reflecting a growth of approximately 4.7%[52]. - Non-current liabilities rose to ¥2,397,043,166.07 from ¥1,988,258,328.12, marking an increase of about 20.6%[52]. - The total equity attributable to shareholders decreased to ¥3,687,183,304.99 from ¥3,765,888,263.87, a decline of approximately 2.1%[52]. - The total assets decreased to ¥5,873,778,405.84 from ¥6,112,430,248.34, a decline of about 3.9%[56]. Shareholder Information - The company reported a total of 21,927 common shareholders at the end of the reporting period[12]. - The largest shareholder, Zhejiang Ruiyang Technology Co., Ltd., held 21.08% of the shares, amounting to 75,252,000 shares[12]. Operational Insights - Operating costs rose by 35.03% to CNY 302,308,710.60 driven by increased revenue from low-margin products[24]. - R&D expenses increased by 35.20% to CNY 112,338,238.02 reflecting higher investment in research[24]. - The company is facing potential risks related to environmental monitoring compliance issues, which could impact its operational services[28]. - The company has implemented internal audits and compliance measures to address operational integrity and mitigate risks[29]. - The company has implemented measures to enhance internal controls and prevent data manipulation, focusing on both human and technical defenses[31]. - The company is committed to improving its operational management systems and enhancing monitoring capabilities to ensure data integrity[32]. Miscellaneous - The company received government subsidies amounting to ¥5,009,481.68 during the reporting period[8]. - There were no violations regarding external guarantees or non-operational fund occupation by major shareholders during the reporting period[37][38]. - The first quarter report was not audited, indicating preliminary financial data[102].