WST(SH:688122)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was RMB 922,322,471.47, representing a year-on-year increase of 3.93%[4] - The net profit attributable to shareholders was RMB 208,271,108.73, showing a decrease of 3.13% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was RMB 194,137,441.37, down by 4.08% year-on-year[4] - The basic and diluted earnings per share were both RMB 0.45, a decrease of 2.17% compared to the previous year[5] - The weighted average return on equity was 3.41%, down by 0.52 percentage points year-on-year[5] - The net profit for Q1 2023 was approximately ¥210.82 million, a slight decrease from ¥212.66 million in Q1 2022, representing a decline of about 0.87%[17] - The total profit for Q1 2023 was ¥240.61 million, down from ¥251.40 million in Q1 2022, marking a decrease of approximately 4.30%[17] - The company reported a total comprehensive income of ¥210.82 million for Q1 2023, slightly down from ¥212.66 million in Q1 2022[18] Assets and Liabilities - The total assets at the end of the reporting period were RMB 11,807,584,450.70, an increase of 4.44% from the end of the previous year[5] - Total assets reached RMB 11,807,584,450.70 as of March 31, 2023, up from RMB 11,305,864,993.20 at the end of 2022[14] - Total liabilities increased to RMB 5,232,201,645.98 in Q1 2023 from RMB 4,944,586,209.49 in Q1 2022, representing a rise of 5.8%[14] - Shareholders' equity totaled RMB 6,575,382,804.72 as of March 31, 2023, compared to RMB 6,361,278,783.71 at the end of 2022, reflecting an increase of 3.4%[14] Cash Flow - The net cash flow from operating activities was negative at RMB -125,557,078.89, indicating a significant cash outflow[4] - The company reported a net cash outflow from operating activities of ¥125.56 million in Q1 2023, an improvement from a net outflow of ¥250.22 million in Q1 2022[20] - The company achieved a significant increase in cash inflow from investment activities, totaling ¥4.49 billion in Q1 2023, compared to ¥100 million in Q1 2022[20] - Net cash flow from investment activities was $635,909,696.00, a significant improvement from -$461,785,609.30 in the prior period[21] - The net increase in cash and cash equivalents was $613,533,578.13, a recovery from -$638,719,429.95 in the previous period[21] - The ending balance of cash and cash equivalents stood at $2,392,798,564.65, compared to $1,803,398,180.76 previously[21] Research and Development - The company's R&D investment totaled RMB 44,079,046.05, which is 4.78% of operating revenue, reflecting an increase of 0.76 percentage points[5] - Research and development expenses rose to ¥46.22 million in Q1 2023, up from ¥37.67 million in Q1 2022, indicating an increase of about 22.00%[17] Market Strategy - The company is focusing on expanding its market presence and investing in new product development to drive future growth[11] Shareholder Information - The top ten shareholders held a total of 100,035,000 shares, accounting for 21.56% of the total shares[9] Non-Recurring Gains - The company reported non-recurring gains of RMB 14,133,667.36 after tax, which includes various non-operating income and expenses[7] Operating Costs - Total operating costs for Q1 2023 were RMB 683,711,188.73, up 8.8% from RMB 628,091,946.39 in Q1 2022[15] Accounts Receivable and Inventory - Accounts receivable increased to RMB 1,772,558,832.56 in Q1 2023 from RMB 1,307,937,505.92 in Q1 2022, reflecting a growth of 35.5%[12] - Inventory as of March 31, 2023, was RMB 2,752,998,886.35, compared to RMB 2,380,115,862.46 at the end of 2022, indicating an increase of 15.7%[12] Financial Reporting Changes - The company has adopted new accounting standards starting in 2023, which may affect financial reporting[21] Report Release - The report was released by the Board of Directors of Western Superconducting Technologies Co., Ltd. on April 28, 2023[21]