WHEE(SH:600475)2019-04-24 16:00Financial Performance - Operating revenue for the period was ¥1,582,628,421.29, representing a significant increase of 36.68% year-on-year[11] - Net profit attributable to shareholders was ¥161,560,888.47, reflecting a growth of 7.70% compared to the same period last year[11] - Basic earnings per share increased to ¥0.2888, up 7.68% from ¥0.2682 in the previous year[11] - Total operating revenue increased by 36.68% to CNY 1,582,628,421.29 compared to the previous period, primarily due to increased municipal engineering income[20] - Total operating revenue for Q1 2019 was RMB 1,582,628,421.29, an increase of 36.5% compared to RMB 1,157,866,897.24 in Q1 2018[41] - Net profit for Q1 2019 reached RMB 178,658,186.82, representing a 8.3% increase from RMB 164,515,615.44 in Q1 2018[43] - The total profit for Q1 2019 was RMB 196,883,951.21, up from RMB 179,382,968.69 in Q1 2018, showing an increase of 9.4%[41] Cash Flow - The net cash flow from operating activities was -¥916,581.88, showing a substantial improvement from -¥344,534,405.89 in the previous year[11] - The company reported a net cash flow from financing activities of CNY 387,533,016.37, a 140.89% increase compared to the previous period, due to new loans for EPC projects[22] - The net cash flow from financing activities increased to CNY 387,533,016.37, compared to CNY 160,874,630.24 in Q1 2018, marking a 141.4% increase[57] - The company reported a significant increase in cash received from other operating activities, totaling CNY 165,215,024.07, compared to CNY 64,086,252.91 in Q1 2018, reflecting a 157.5% increase[51] - Cash inflows from operating activities were CNY 1,989,541,802.46, an increase of 55.5% compared to CNY 1,279,242,522.99 in Q1 2018[51] Assets and Liabilities - Total assets at the end of the reporting period reached ¥11,683,482,636.61, an increase of 1.12% compared to the end of the previous year[11] - Total liabilities amounted to ¥6,253,964,894.95, a decrease of 0.79% from ¥6,303,283,767.48[31] - Total equity increased to ¥5,429,517,741.66, up from ¥5,251,327,796.16, reflecting a growth of 3.38%[31] - Total current liabilities amounted to ¥2,861,413,701.51, an increase from ¥2,710,079,354.97, reflecting a growth of 5.57%[36] - Non-current liabilities totaled ¥597,790,109.28, an increase from ¥510,585,767.19, reflecting a growth of 16.88%[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 19,365[13] - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., held 72.11% of the shares[11] Operating Costs and Expenses - Operating costs rose by 39.37% to CNY 1,333,733,759.01, reflecting the increase in municipal engineering revenue[20] - Employee compensation payable decreased by 54.1% to CNY 48,402,709.53, as the company paid out last year's accrued year-end bonuses[20] - Tax payable decreased by 66.35% to CNY 39,835,614.93, due to the payment of last year's declared income tax and VAT[20] - Research and development expenses in Q1 2019 amounted to RMB 48,489,000.42, an increase of 20.5% from RMB 40,318,797.19 in Q1 2018[41] - Tax expenses for Q1 2019 were RMB 18,225,764.39, compared to RMB 14,867,353.25 in Q1 2018, marking an increase of 22.5%[41] Other Income and Receivables - Non-operating income included government subsidies amounting to ¥6,931,254.18[12] - The company reported a significant increase in other receivables, which rose by 105.88% to ¥315,214,279.53 due to dividends declared by associated companies[16] - Other income increased by 60.87% to CNY 11,174,604.53, mainly from increased government subsidies received during the reporting period[20] - Investment income for Q1 2019 was RMB 133,039,244.02, up from RMB 120,004,127.13 in Q1 2018, indicating an increase of 10.9%[41] Financial Position - Cash and cash equivalents decreased to ¥978,294,868.57 from ¥1,042,608,156.71, a decline of 6.15%[35] - Accounts receivable rose to ¥1,288,059,066.74, an increase of 10.73% compared to ¥1,163,367,713.17[35] - Inventory decreased to ¥825,608,510.83 from ¥886,592,143.15, a reduction of 6.88%[35] - Unappropriated profits increased to ¥3,944,877,737.14 from ¥3,783,316,848.67, a rise of 4.27%[31]