WHEE(SH:600475)2021-04-19 16:00Financial Performance - Operating revenue for the first quarter reached CNY 1,701,670,754.77, a 75.03% increase year-on-year[18] - Net profit attributable to shareholders was CNY 202,867,445.95, representing a 24.52% increase compared to the same period last year[18] - Basic earnings per share rose by 28.19% to CNY 0.3733[18] - The total comprehensive income attributable to the parent company was CNY 202,867,445.95, an increase from CNY 162,913,471.67 in the previous year, representing a growth of approximately 24.5%[59] - Net profit for Q1 2021 was ¥214,848,313.73, representing a 22.1% increase from ¥176,014,494.62 in Q1 2020[56] - The total comprehensive income for the first quarter was CNY 160,570,104.62, compared to CNY 138,745,348.82 in the previous year, reflecting an increase of approximately 15.7%[62] Cash Flow - Net cash flow from operating activities improved significantly, with a reduction in outflow to CNY -8,691,108.98, a 93.92% improvement year-on-year[18] - Cash flow from operating activities generated a net outflow of CNY -8,691,108.98, an improvement from CNY -142,954,958.49 in the previous year[66] - The company reported cash inflow from operating activities totaling CNY 2,425,570,760.04, compared to CNY 1,445,144,092.97 in the previous year, representing an increase of about 77.9%[66] - The net cash flow from investing activities was -191,639,530.62 RMB in Q1 2021, worsening from -91,140,515.71 RMB in Q1 2020[71] - Cash inflow from investing activities was 443,000,000.00 RMB in Q1 2021, significantly higher than 130,297,321.69 RMB in Q1 2020, marking an increase of over 239%[71] - The net cash flow from financing activities was 941,379,352.15 RMB in Q1 2021, compared to 150,157,474.38 RMB in Q1 2020, indicating a substantial increase[71] Assets and Liabilities - Total assets increased by 2.25% to CNY 17,001,446,114.34 compared to the end of the previous year[18] - Total liabilities amounted to ¥8,810,780,582.98, slightly up from ¥8,785,059,198.90, an increase of approximately 0.29%[43] - Current liabilities rose to ¥7,669,051,851.31 compared to ¥7,603,650,152.15, an increase of about 0.86%[41] - Non-current assets totaled ¥5,772,898,380.09, up from ¥5,650,748,772.47, indicating an increase of approximately 2.16%[47] - Long-term borrowings decreased to ¥641,580,000.00 from ¥679,350,000.00, a decline of about 5.57%[41] Shareholder Information - The number of shareholders at the end of the reporting period was 18,807, with the largest shareholder holding 72.11% of the shares[22] - The company's equity attributable to shareholders increased to ¥7,416,094,121.56 from ¥7,208,500,728.11, representing a growth of about 2.89%[43] Operational Metrics - Operating costs rose by 88.38% to ¥1,441,215,532.50 from ¥765,055,368.53, reflecting increased revenue[31] - The company reported a significant decrease in accounts receivable by 39.17% to CNY 110,888,543.50 due to the collection of payments[26] - Accounts receivable financing decreased by 37.78% to ¥156,998,859.05 from ¥252,331,875.92, mainly due to the collection of notes[30] - Inventory decreased to ¥453,415,183.84 from ¥575,311,409.22, a decline of approximately 21.19%[47] Research and Development - R&D expenses in Q1 2021 amounted to ¥55,163,943.46, an increase of 31.5% compared to ¥41,953,707.00 in Q1 2020[53] - Research and development expenses were CNY 24,326,093.29, slightly down from CNY 24,984,248.60 in the previous year, indicating a decrease of about 2.6%[59] Future Plans - The company plans to continue its stock incentive plan despite the repurchase of certain unvested restricted stocks due to employee departures[34] - The company plans to continue investing in new technologies and market expansion strategies to drive future growth[56]