FPI(SZ:300203)2022-04-28 16:00Financial Performance - The company's revenue for Q1 2022 was ¥502,355,777.57, a decrease of 4.16% compared to ¥524,161,774.84 in the same period last year[3] - The net profit attributable to shareholders was -¥59,036,738.82, an improvement of 28.87% from -¥82,994,720.62 year-on-year[3] - The net cash flow from operating activities was -¥372,615,164.88, showing a 5.10% improvement compared to -¥392,626,362.16 in the previous year[3] - The weighted average return on net assets was -1.69%, an improvement of 0.54% from -2.23% in the same period last year[3] - The total operating profit is -111,573,289.07 yuan, slightly improved from -114,929,187.45 yuan in the previous period[30] - The company reported a total comprehensive loss of -79,760,432.91 yuan for the current period, compared to -91,252,058.42 yuan in the previous period[34] - Basic and diluted earnings per share are both -0.133 yuan, an improvement from -0.187 yuan in the previous period[34] - The net profit for the current period is -77,955,863.57 yuan, compared to -90,472,266.59 yuan in the previous period, showing an improvement of approximately 13.3%[30] Assets and Liabilities - Total assets at the end of the reporting period were ¥10,090,067,112.57, a decrease of 2.03% from ¥10,299,570,001.85 at the end of the previous year[3] - Current assets totaled CNY 4,592,067,844.46, down from CNY 4,716,519,377.76 at the beginning of the year, representing a decline of 2.6%[22] - Total liabilities decreased to CNY 6,261,890,287.77 from CNY 6,392,570,812.95, a reduction of 2.0%[26] - The company's equity attributable to shareholders decreased to CNY 3,455,278,791.34 from CNY 3,515,301,302.78, a decline of 1.7%[26] - The company reported a decrease in accounts payable to CNY 1,097,020,275.97 from CNY 1,283,200,809.81, a reduction of 14.5%[22] Cash Flow - Cash flow from operating activities resulted in a net outflow of -372,615,164.88 yuan, compared to -392,626,362.16 yuan in the previous period, indicating a reduction in cash burn[35] - The investment activities resulted in a net cash outflow of -45,709,845.49 yuan, compared to -479,202,696.97 yuan in the previous period, indicating a significant reduction in investment cash outflows[35] - Cash inflow from financing activities totaled $424 million, compared to $610.56 million in the previous period, reflecting a decrease of approximately 30.5%[41] - Net cash flow from financing activities was $125.63 million, down from $411.58 million, indicating a decline of about 69.5%[41] - The company reported a net decrease in cash and cash equivalents of $293.49 million, compared to a decrease of $461.40 million in the previous period[41] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,599[10] - Zhejiang Ruiyang Technology Co., Ltd. holds 18.88% of shares, totaling 85,449,908 shares, with 60,981,484 shares pledged and 1,200,000 shares frozen[10] - Zhejiang Pudu Technology Co., Ltd. holds 12.05% of shares, totaling 54,511,600 shares, with 43,176,000 shares pledged[10] - The number of unrestricted shares held by the top ten shareholders includes 85,449,908 shares from Zhejiang Ruiyang Technology Co., Ltd. and 54,511,600 shares from Zhejiang Pudu Technology Co., Ltd.[10] - The total number of restricted shares at the beginning of the period was 490,200, with 56,925 shares released during the period[14] Operational Highlights - The total amount of new contracts signed during the reporting period is approximately 630 million RMB, with a significant contribution of about 200 million RMB from the subsidiary Puyu Technology, representing a 74% increase year-on-year[15] - Puyu Technology achieved revenue of 100 million RMB in the first quarter of 2022, with a net profit of -40.22 million RMB[15] - The company is in the process of developing new financial assistance management systems as part of its strategic initiatives[15] - The company has not reported any new product or technology developments in this quarter[17] Expenses - Financial expenses increased by 130.87% to ¥41,245,172.47 compared to ¥17,865,222.00 in the previous year[6] - Investment income showed a significant decline of 229.20%, resulting in a loss of -¥4,760,494.04 compared to a profit of ¥3,684,585.41 in the same period last year[6] - Research and development expenses increased to 138,873,659.51 yuan from 112,338,238.02 yuan, reflecting a growth of about 23.6%[30] - Sales expenses decreased to 121,451,726.14 yuan from 147,639,926.83 yuan, a reduction of approximately 17.7%[30] Cash and Cash Equivalents - Cash and cash equivalents decreased to CNY 1,119,473,772.79 from CNY 1,421,497,920.82, a drop of 21.3%[22] - Cash and cash equivalents at the end of the period amounted to $965.02 million, slightly up from $956.19 million in the previous period[41] - The impact of exchange rate changes on cash and cash equivalents was a negative $790,361.40, an improvement from a negative $1.16 million previously[41] Miscellaneous - The company has not disclosed any relationships or concerted actions among other shareholders[13] - The company did not have an audited first-quarter report for 2022[42]