WDM(SH:600055)2016-04-28 16:00Financial Performance - Operating revenue for the period was CNY 125,990,143.01, an increase of 11.88% year-on-year[7] - Net profit attributable to shareholders was a loss of CNY 8,912,662.15, improving by 55.03% compared to the same period last year[7] - Basic earnings per share improved by 58.70% to CNY -0.038 per share[7] - Operating profit, total profit, and net profit increased by 44.1%, 55.7%, and 55.7% respectively compared to the same period last year, driven by revenue growth and an increase in gross margin[13] - The net profit for Q1 2016 was a loss of CNY 9,454,201.19, an improvement from a loss of CNY 21,356,038.18 in Q1 2015[22] - The company's operating revenue for the current period is ¥111,796,833.42, an increase of 17.5% compared to ¥95,170,509.89 in the previous period[25] - The net profit for the current period is ¥938,492.81, a significant improvement from a net loss of ¥11,365,863.43 in the previous period[25] Assets and Liabilities - Total assets increased by 41.44% to CNY 1,881,649,416.18 compared to the end of the previous year[7] - Total assets as of March 31, 2016, amounted to 1.88 billion yuan, compared to 1.33 billion yuan at the beginning of the year[15] - The company's total assets increased to CNY 1,813,219,051.44 from CNY 1,253,297,182.99 year-over-year, reflecting a growth of approximately 44.5%[20] - Total liabilities decreased from 619.10 million yuan to 312.88 million yuan, reflecting a significant reduction in short-term borrowings[17] - Total liabilities decreased to CNY 244,453,808.20 from CNY 552,832,957.35, indicating a reduction of about 55.8%[20] Shareholder Information - Net assets attributable to shareholders increased by 122.89% to CNY 1,556,980,980.39 compared to the end of the previous year[7] - The total number of shareholders at the end of the reporting period was 18,026[10] - The largest shareholder, Jiangsu Yuyue Technology Development Co., Ltd., held 46.68% of the shares[10] Cash Flow - The net cash flow from operating activities improved by 53.75% to CNY -51,492,271.02[7] - Net cash flow from operating activities increased by 59.85 million yuan compared to the previous period, mainly due to an increase in sales receipts[13] - The cash flow from operating activities shows a net outflow of ¥51,492,271.02, an improvement from a net outflow of ¥111,341,412.58 in the previous period[27] - The total cash inflow from financing activities is ¥869,199,981.66, compared to ¥189,500,000.00 in the previous period, indicating a substantial increase[28] - The total cash inflow from financing activities was $877,699,981.66, with cash outflows amounting to $229,906,983.33, leading to a net cash flow of $647,792,998.33[30] Investments and Expenses - Cash and cash equivalents increased by 238% compared to the beginning of the period, primarily due to fundraising received in January 2016[13] - Prepayments increased by 131% compared to the beginning of the period, mainly due to an increase in imported components[13] - Other current assets surged by 2951% compared to the beginning of the period, mainly from the investment of temporarily idle funds in financial products[13] - The company incurred sales expenses of ¥25,554,740.70, which is an increase of 14.4% from ¥22,270,554.69 in the previous period[25] - The management expenses rose to ¥26,034,931.08, up from ¥20,102,349.52, reflecting a 29.5% increase[25] - The company reported an investment loss of ¥108,470.15, compared to a loss of ¥46,425.14 in the previous period[25] Future Plans - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[25]