2022-04-28-上交所-广西丰林木业集团股份有限公司2022年第一季度报告_12页_517kb

Q1 2022 Financial Report Summary for Fuhai Group

Key Financial Highlights:

• The company reported a revenue of 37,631.90 million yuan for Q1 2022, representing a year-over-year decrease of 3.69%.
• Net profit attributable to shareholders increased significantly to 3,184.52 million yuan, up 79.04% compared to the same quarter in 2021.
• Net profit after non-recurring items was 2,781.32 million yuan, showing a 52.96% year-over-year increase.
• Cash flow from operations saw a sharp decline to 5,597.30 million yuan, down 49.26%.

Reasons for Financial Changes:

• A decrease in revenue was attributed to market conditions.
• The profit increase was mainly driven by government subsidies and the disposal of equity in a subsidiary.
• Factors like reduced prepayments for projects, lower deposit receipts, exchange rate benefits, and decreased financing costs contributed to positive outcomes.

Non-Recurring Income: Government grants accounted for a large portion of exceptional gains.

Quarterly Revenue: 37,631.90 million yuan (revenue change: -3.69% YoY).

Additional context: A new wood products project was successfully launched, marking a key development.

Shareholder Information: FENGLIN INTERNATIONAL, as the major shareholder, holds a significant percentage of shares. The top holders include other individuals and entities, with share dynamics affected by prior agreements.

Significant Events: The Qinzhou project achieved first production in March 2022, boosting long-term strategies.