WMM(002149)2024-04-29 11:47Financial Performance - The company's operating revenue for Q1 2024 was ¥704,879,790.71, a decrease of 2.08% compared to ¥719,844,953.66 in the same period last year[5] - Net profit attributable to shareholders was ¥36,706,098.91, representing an increase of 4.43% from ¥35,147,709.24 year-on-year[5] - Net profit for Q1 2024 was ¥49,545,351.57, an increase of 7.4% from ¥46,308,586.05 in Q1 2023[18] - Total operating revenue for Q1 2024 was ¥704,879,790.71, a decrease of 2.9% compared to ¥719,844,953.66 in the same period last year[16] - Total operating costs decreased to ¥655,908,554.47, down 2.5% from ¥672,779,490.53 year-on-year[16] - The company's basic earnings per share increased to ¥0.0752, up 4.44% from ¥0.0720 in the same period last year[5] - Earnings per share (EPS) for Q1 2024 was ¥0.0752, up from ¥0.0720 in the previous year[19] Cash Flow and Investments - The net cash flow from operating activities improved significantly, reaching -¥6,033,526.50, a 97.07% increase compared to -¥205,967,485.39 in the previous year[5] - Cash flow from operating activities showed a net outflow of ¥6,033,526.50, an improvement from a net outflow of ¥205,967,485.39 in Q1 2023[20] - The net cash flow from investment activities was -15,994,781.74 CNY, compared to -20,207,892.17 CNY in the previous year, indicating a decrease in cash outflow by approximately 21.5%[22] - The cash inflow from financing activities amounted to 410,010,000.00 CNY, down from 728,215,000.00 CNY, representing a decline of about 43.7% year-over-year[22] - The net cash flow from financing activities was -9,963,938.24 CNY, contrasting with a positive net cash flow of 245,608,690.92 CNY in the same quarter last year[22] - The total cash and cash equivalents at the end of the period were 591,602,429.27 CNY, a decrease from 525,350,480.92 CNY year-over-year[22] - The cash and cash equivalents decreased by 31,953,033.41 CNY during the quarter, compared to an increase of 19,223,670.69 CNY in the previous year[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,861,254,299.99, reflecting a growth of 4.53% from ¥6,563,615,851.62 at the end of the previous year[5] - Current assets totaled CNY 4.48 billion, up from CNY 4.18 billion, indicating a growth of approximately 7.3%[14] - Total liabilities increased to CNY 3.36 billion, compared to CNY 3.11 billion at the beginning of the period, reflecting a growth of approximately 8.1%[14] - Total liabilities rose to ¥3,357,950,874.88, compared to ¥3,114,010,865.57 in the previous year, indicating increased leverage[18] - The company reported a significant increase in accounts payable, which rose by 86.47% to ¥679,208,828.19, primarily due to increased raw material procurement[9] - The company reported a significant increase in accounts payable, which rose to CNY 679.21 million from CNY 364.25 million, representing an increase of about 86.6%[14] - The company's long-term borrowings decreased by 69.47% to ¥167,115,345.51, mainly due to the reclassification of long-term borrowings due within one year[9] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 30,873[11] - The largest shareholder, Northwest Nonferrous Metal Research Institute, holds 24.68% of the shares, totaling 120,468,988 shares[11] Research and Development - Research and development expenses increased to ¥36,362,938.38, up from ¥31,965,970.98, reflecting a focus on innovation[16] Comprehensive Income - Other comprehensive income after tax was ¥2,635,816.62, down from ¥7,461,636.86 year-on-year[19] - The company reported a total comprehensive income of ¥52,181,168.19, slightly down from ¥53,770,222.91 in the previous year[19] Market Strategy - The company is focusing on expanding its market presence and enhancing product development strategies to drive future growth[12] Audit Information - The company did not undergo an audit for the first quarter report, which may affect the reliability of the financial data presented[23]