WXHS(SH:603090)2018-04-25 16:00Financial Performance - Operating revenue increased by 45.96% year-on-year, reaching ¥99,890,569.85[6] - Net profit attributable to shareholders decreased by 38.93% compared to the same period last year, totaling ¥4,022,537.65[6] - Basic earnings per share dropped by 39.39% to ¥0.040[6] - Operating revenue increased by 45.96% to CNY 99,890,569.85 compared to CNY 68,437,084.66 in the previous period, driven by an increase in orders[12] - Operating costs rose by 54.38% to CNY 73,985,787.83, attributed to revenue growth and increases in raw materials and labor costs[12] - The company reported a decrease in investment income by 62.82%, down to CNY 285,183.51 from CNY 766,983.72, due to reduced financial investment returns[12] - The total comprehensive income for Q1 2018 was CNY 1,801,279.32, down from CNY 5,605,845.36 in Q1 2017[26] - Net profit for Q1 2018 was ¥4,301,212.25, a decrease of 36% from ¥6,713,966.34 in Q1 2017[24] - The net profit for Q1 2018 was CNY 2,398,410.18, down 56.0% from CNY 5,441,375.41 in Q1 2017[25] Cash Flow - The net cash flow from operating activities improved significantly, with a net amount of ¥1,044,029.61, a 126.48% increase from the previous year[6] - Cash flow from operating activities improved significantly, reaching CNY 1,044,029.61, a 126.48% increase from a negative CNY 3,942,429.99 in the previous period[13] - The company’s cash flow from investment activities was negative at CNY -53,974,303.48, a 36.02% increase in outflows due to higher fixed asset expenditures[13] - The company reported a net cash outflow from investing activities of CNY 53,974,303.48, compared to a net outflow of CNY 39,679,736.39 in the same period last year[29] - Net cash flow from operating activities was -$1,552,329.15, an improvement from -$3,935,100.37 year-over-year[32] - Cash inflow from investment activities was $25,302,294.52, down from $184,813,002.75, representing a decline of approximately 86.3%[32] - Net cash flow from investment activities was -$50,905,990.48, worsening from -$43,045,406.25 year-over-year[32] Assets and Liabilities - Total assets decreased by 4.48% from the end of the previous year, amounting to ¥573,800,965.59[6] - Cash and cash equivalents decreased by 44.02%, amounting to ¥63,854,596.24[11] - Accounts receivable increased by 60.00%, reaching ¥464,000.00 due to an increase in bank drafts[11] - The company’s total assets decreased to CNY 573,800,965.59 from CNY 600,702,483.66, indicating a reduction in overall asset value[16] - The total liabilities decreased to CNY 104,980,892.38 from CNY 135,586,491.84, showing a reduction in financial obligations[17] - Current assets totaled ¥270,627,357.33, down 8.5% from ¥295,759,640.03 at the start of the year[20] - Total liabilities decreased to ¥94,695,891.37 from ¥121,749,602.66, a reduction of approximately 22%[21] Shareholder Information - The company had a total of 13,167 shareholders at the end of the reporting period[8] - The top shareholder, Niu Yuxia, holds 54.68% of the shares, totaling 54,675,000 shares[8] Management and Expenses - The company’s management expenses increased by 38.51% to CNY 11,605,402.45, attributed to management costs associated with new projects[12] - The company incurred financial expenses of CNY 4,767,595.15 in Q1 2018, significantly higher than CNY 636,261.33 in the same period last year[25]