WST(SH:688122)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥887,466,784.54, representing a year-on-year increase of 66.51%[5] - The net profit attributable to shareholders was ¥214,996,468.31, reflecting a growth of 67.40% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 77.57%, amounting to ¥202,401,597.20[5] - The basic earnings per share for the period was ¥0.46, up by 58.62% year-on-year[6] - Operating profit for Q1 2022 was ¥251,395,208.45, up 67.5% from ¥150,075,599.78 in Q1 2021[18] - Net profit attributable to shareholders of the parent company was ¥214,996,468.31, representing a 67.5% increase from ¥128,433,317.34 in Q1 2021[19] - Basic and diluted earnings per share for Q1 2022 were both ¥0.46, compared to ¥0.29 in Q1 2021, reflecting a 58.6% increase[19] Assets and Liabilities - Total assets at the end of the reporting period reached ¥9,079,605,428.43, a 3.67% increase from the end of the previous year[6] - As of March 31, 2022, the total assets of the company amounted to ¥9,079,605,428.43, an increase from ¥8,757,952,407.79 at the end of 2021[16] - The company's current assets totaled ¥7,310,244,355.66, compared to ¥7,095,635,365.58 in the previous year, reflecting a growth of approximately 3.02%[14] - Total liabilities reached ¥3,421,522,453.02, up from ¥3,314,518,575.95, which is an increase of approximately 3.2%[16] - The company's equity attributable to shareholders increased to ¥5,577,600,117.03 from ¥5,360,830,948.10, reflecting a growth of about 4%[16] - Short-term borrowings rose to ¥1,092,077,213.87 from ¥1,001,189,627.89, indicating an increase of approximately 9.1%[15] - The company reported a total of ¥690,775,798.54 in accounts payable, which increased from ¥581,052,168.12, representing a growth of about 18.9%[15] Cash Flow - The cash flow from operating activities showed a net outflow of ¥250,216,922.72, a significant decrease of 739.11% year-on-year[5] - Cash inflow from operating activities totaled ¥678,936,324.70, an increase from ¥611,193,825.85 in Q1 2021[20] - The net cash flow from operating activities was -$250.22 million, a significant decline compared to $39.15 million in the previous year, indicating a negative trend in operational efficiency[21] - The company reported a total cash outflow of $638.72 million, compared to $32.68 million in the previous year, indicating a substantial cash drain[21] - The cash flow from operating activities showed a concerning trend, with a total outflow of $929.15 million compared to $572.04 million last year[21] Research and Development - Research and development expenses totaled ¥35,641,653.60, which is an increase of 54.34% compared to the previous year[6] - Research and development expenses rose to ¥37,674,423.76, up 44.6% from ¥26,025,533.16 in Q1 2021, indicating a focus on innovation[17] Operational Efficiency - Total operating costs for Q1 2022 were ¥628,091,946.39, a 60.5% increase from ¥391,204,513.06 in Q1 2021[17] - Financial expenses increased significantly to ¥5,738,740.92, compared to ¥962,684.49 in Q1 2021, primarily due to higher interest expenses[17] - The company reported a net cash outflow of ¥134,217,049.94 for employee compensation, up from ¥82,435,534.65 in Q1 2021, reflecting increased workforce costs[20] Investment Activities - Total cash inflow from investment activities was $102.70 million, down from $318.80 million year-over-year, reflecting reduced investment returns[21] - Cash outflow from investment activities increased to $564.49 million from $418.85 million, resulting in a net cash flow from investment activities of -$461.79 million, worsening from -$100.05 million[21] Other Financial Metrics - The weighted average return on equity was 3.93%, a decrease of 0.54 percentage points compared to the previous year[6] - Other income for Q1 2022 was ¥13,628,710.31, down from ¥16,845,778.58 in Q1 2021, indicating a decline in non-operating income sources[17] - The ending balance of cash and cash equivalents decreased to $1.80 billion from $324.25 million, highlighting a significant reduction in liquidity[22] - The company experienced a negative impact of $184,821.79 from exchange rate fluctuations on cash and cash equivalents[21] Accounting Standards - The company has not adopted the new accounting standards for the current year, which may affect future financial reporting[22]