WTECL(SH:600157)2016-04-27 16:00Financial Performance - Net profit attributable to shareholders was ¥50.48 million, representing a year-on-year increase of 37.19%[6] - Operating revenue for the period was ¥1.75 billion, up 6.74% from the same period last year[6] - The company reported a decrease in net assets attributable to shareholders by 0.87% to ¥20.28 billion[6] - The weighted average return on equity decreased by 0.0322 percentage points to 0.2478%[6] - Total revenue for Q1 2016 was RMB 1,749,824,075.72, an increase of 6.73% compared to RMB 1,639,267,355.82 in the same period last year[34] - Net profit for Q1 2016 reached RMB 62,491,023.82, representing a 45.25% increase from RMB 43,050,762.31 in Q1 2015[34] - Operating profit showed a significant loss of ¥453,404,455.69, compared to a loss of ¥10,959,732.30 in the previous period, indicating a deterioration in profitability[38] - Net profit for the current period was a loss of ¥453,501,549.95, compared to a loss of ¥10,975,209.37 in the previous period, reflecting a substantial increase in losses[38] Cash Flow - The net cash flow from operating activities increased significantly by 87.09% to ¥959.10 million compared to the previous year[6] - Cash flow from operating activities generated a net inflow of ¥959,097,594.46, up from ¥512,642,870.14 in the previous period, indicating improved cash generation from operations[40] - Cash flow from investing activities resulted in a net outflow of ¥740,393,970.49, compared to a larger outflow of ¥2,818,851,399.12 in the previous period, showing reduced investment cash outflows[41] - Cash flow from financing activities recorded a net outflow of ¥765,490,885.67, a significant decrease from a net inflow of ¥6,384,167,334.94 in the previous period, indicating challenges in financing[41] - The ending balance of cash and cash equivalents was ¥3,972,882,757.35, down from ¥6,257,299,539.41 in the previous period, reflecting a decrease in liquidity[41] - Cash inflow from operating activities totaled CNY 6,879,020.62, a decrease of 17.5% from CNY 8,340,817.49 in the previous period[44] - Net cash outflow from operating activities was CNY -19,430,780.90, compared to CNY -18,908,028.68 in the prior period[44] - The company reported a net increase in cash and cash equivalents of CNY 472,745,365.29, compared to CNY 1,195,855,223.48 in the previous period[44] Assets and Liabilities - Total assets at the end of the reporting period reached ¥87.57 billion, a slight increase of 0.02% compared to the end of the previous year[6] - The company's total current assets as of March 31, 2016, amounted to 15.425 billion RMB, an increase from 15.139 billion RMB at the beginning of the year[26] - The total liabilities of the company as of March 31, 2016, were 62.066 billion RMB, compared to 61.573 billion RMB at the beginning of the year[27] - The company's non-current assets totaled 72.147 billion RMB, slightly down from 72.416 billion RMB at the beginning of the year[26] - The company's cash and cash equivalents decreased from 7.172 billion RMB at the beginning of the year to 6.783 billion RMB[26] - The company reported a total equity of 25.506 billion RMB as of March 31, 2016, down from 25.982 billion RMB at the beginning of the year[28] Investments and Acquisitions - The company plans to issue bonds totaling up to ¥4 billion, with the first phase of issuance completed at ¥760 million with a 7.50% interest rate[14] - The company completed the issuance of short-term financing bonds totaling ¥1.5 billion with an interest rate of 7%[16] - The acquisition of a 36.875% stake in Huaxing Power was completed, resulting in the company holding 100% of Huaxing Power[19] - The company has a remaining guarantee amount of 468 million RMB under the commitments related to the acquisition of Huaxing Power[22] - The company has not encountered any situations requiring the fulfillment of commitments during the reporting period[23] Expenses - Sales expenses increased by 371.26% to ¥3,246,006.45, mainly due to changes in the scope of consolidation from subsidiary acquisitions[12] - Management expenses rose by 44.78% to ¥128,825,973.95, attributed to the acquisition of subsidiaries[12] - Financial expenses increased by 39.72% to ¥766,692,362.77, also due to changes in the scope of consolidation from subsidiary acquisitions[12] - The company incurred financial expenses of ¥439,603,533.44, a significant increase from a financial income of -¥1,752,838.28 in the previous period, highlighting rising costs[38] - Management expenses rose to ¥14,971,117.97 from ¥13,756,730.14 in the previous period, indicating increased operational costs[38]