WHEE(SH:600475)2023-04-25 16:00Financial Performance - Total operating revenue for Q1 2023 reached ¥2,206,009,103.61, an increase of 12.06% compared to ¥1,968,751,345.15 in Q1 2022[7] - Total operating costs for Q1 2023 were ¥2,023,573,311.68, up 13.43% from ¥1,783,225,638.39 in Q1 2022[7] - Net profit for Q1 2023 was ¥253,004,304.93, slightly up from ¥252,837,348.65 in Q1 2022, reflecting a growth of 0.07%[9] - Basic earnings per share for Q1 2023 were ¥0.2340, compared to ¥0.2323 in Q1 2022, indicating a 0.73% increase[9] - The company reported a total profit of ¥301,221,517.87 for Q1 2023, slightly down from ¥301,858,502.68 in Q1 2022[7] - Net profit attributable to shareholders of the listed company was ¥220,870,337.83, reflecting a growth of 6.58% compared to the same period last year[18] Research and Development - Research and development expenses for Q1 2023 amounted to ¥66,457,282.53, an increase of 9.93% from ¥60,647,495.06 in Q1 2022[7] - Research and development expenses for Q1 2023 were ¥37,158,857.17, which is a significant increase of 62.3% from ¥22,890,563.16 in Q1 2022[45] Shareholder Information - The number of common shareholders at the end of the reporting period was 19,590, reflecting a growth in shareholder base[3] - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., holds 72.23% of the shares, totaling 681,752,082 shares[1] Cash Flow and Financing Activities - Net cash flow from operating activities was -¥72,338,253.61, a decrease of 273.94% year-on-year due to payments for procurement of engineering materials[21] - Cash inflow from financing activities totaled ¥2,192,300,000.00, up from ¥1,088,460,000.00 in the previous year[15] - Cash outflow for debt repayment was ¥1,502,812,500.00, compared to ¥653,393,213.06 in the same period last year[15] - The company reported a net cash flow from financing activities of ¥642,823,990.25, an increase from ¥302,583,772.29 year-on-year[15] - The ending balance of cash and cash equivalents was ¥2,347,955,558.65, compared to ¥1,709,470,769.79 at the end of the previous year[15] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥21,782,191,032.79, an increase of 3.11% from the end of the previous year[18] - The company's total liabilities were reported at ¥12,334,527,812.07, compared to ¥12,039,331,173.18, marking an increase of approximately 2.45%[31] - Long-term borrowings rose to ¥2,197,749,000.00 from ¥1,967,749,500.00, which is an increase of about 11.68%[31] - The total equity attributable to shareholders increased to ¥8,011,505,399.76 from ¥7,784,681,353.13, representing a growth of approximately 2.91%[31] Cash and Cash Equivalents - Cash and cash equivalents increased to ¥2,640,888,696.33 from ¥2,587,351,867.51, reflecting a rise of approximately 2.06%[29] - Cash and cash equivalents at the end of the period were 856,852,698.23 RMB, a significant increase from 323,210,634.71 RMB[49] Investment Activities - The company received 790,000,000.00 RMB from investment recoveries, a notable increase from 362,000,000.00 RMB in the previous year[49] - The cash inflow from investment activities totaled 1,198,473,801.80 RMB, up from 533,156,283.64 RMB year-over-year[49] - The cash outflow for investment activities was 1,501,481,446.72 RMB, compared to 958,615,569.87 RMB last year[49] Other Financial Metrics - The weighted average return on net assets was 2.80%, an increase of 0.09 percentage points compared to the previous year[18] - The company's inventory increased to ¥783,623,224.61 from ¥707,811,294.35, indicating a rise of about 10.67%[29] - The company's short-term borrowings increased to ¥300,268,888.89 in Q1 2023 from ¥185,166,986.11 in Q1 2022, representing an increase of 62.1%[44] - The company’s investment income for Q1 2023 was ¥117,261,209.58, up from ¥103,691,465.44 in Q1 2022, reflecting a growth of 13.0%[45]