Feitian(SZ:300386)2022-06-22 16:00Financial Performance - The company's revenue for Q1 2022 was ¥166,606,986.92, representing a 27.57% increase compared to ¥130,599,275.73 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥6,455,764.90, an improvement of 41.75% from a loss of ¥11,082,393.77 in the previous year[3] - The net profit for Q1 2022 was -6,390,822.18 CNY, an improvement from -11,388,585.24 CNY in Q1 2021, representing a 43.5% reduction in losses[19] - The total comprehensive income for Q1 2022 was -6,768,780.71 CNY, compared to -11,681,871.41 CNY in Q1 2021, representing a 42.3% reduction in comprehensive losses[20] - The total operating profit for Q1 2022 was -12,592,470.68 CNY, an improvement from -15,046,345.92 CNY in Q1 2021, indicating a 16.3% reduction in operating losses[19] Cash Flow and Liquidity - The net cash flow from operating activities was a negative ¥115,189,203.88, which is an 8.92% increase in outflow compared to the previous year's negative ¥105,757,453.10[3] - Cash flow from operating activities showed a net outflow of -115,189,203.88 CNY in Q1 2022, compared to -105,757,453.10 CNY in Q1 2021, reflecting a worsening of approximately 8.5%[23] - The company's cash and cash equivalents decreased to CNY 602,572,928.47 from CNY 720,262,648.65 at the beginning of the year[15] - The cash and cash equivalents at the end of Q1 2022 were 596,806,723.36 CNY, a decrease from 346,864,524.50 CNY at the end of Q1 2021, indicating a decline of about 72.4%[24] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,059,459,135.55, a 1.01% increase from ¥2,038,813,808.93 at the end of the previous year[3] - Total assets as of March 31, 2022, were CNY 2,059,459,135.55, compared to CNY 2,038,813,808.93 at the beginning of the year[16] - Total liabilities increased to CNY 234,041,976.68 from CNY 206,627,869.35, indicating a rise in financial obligations[17] - The company's total equity decreased slightly to CNY 1,825,417,158.87 from CNY 1,832,185,939.58[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,775[10] - The top shareholder, Huang Yu, holds 30.31% of the shares, totaling 126,700,046 shares[10] Operational Metrics - The company's basic earnings per share improved to -¥0.02 from -¥0.03, reflecting a 33.33% increase[3] - Operating revenue from sales of goods and services increased to 141,932,932.69 CNY in Q1 2022, compared to 126,085,951.50 CNY in Q1 2021, marking an increase of approximately 12.5%[22] - The company's operating costs rose by 42.32% to ¥108,755,968.02, driven by increased sales of smart terminal products[7] - Total operating costs for Q1 2022 amounted to CNY 178,863,717.27, up from CNY 152,161,222.80 in the previous period[18] - The company reported a net profit margin decline due to increased costs, with operating costs rising by approximately 17.6% compared to the previous period[18] Accounts Receivable and Inventory - Accounts receivable increased by 40.11% to ¥129,854,781.15, primarily due to outstanding payments from customers[7] - Accounts receivable increased to CNY 129,854,781.15 from CNY 92,679,939.28 at the beginning of the year, indicating a rise in credit sales[15] - Inventory rose to CNY 384,472,216.89 from CNY 325,648,656.00, reflecting increased stock levels[15] Government Support and R&D - Government subsidies recognized during the period amounted to ¥3,138,412.06, contributing to the overall financial performance[5] - Research and development expenses decreased to 19,457,951.37 CNY in Q1 2022 from 25,950,216.02 CNY in Q1 2021, a reduction of about 25%[19] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[1]