WLGF(SH:603779)2017-04-27 16:00Financial Performance - Net profit attributable to shareholders increased by 36.93% to CNY 15,355,900.19 year-on-year[7]. - Operating revenue rose by 10.43% to CNY 214,794,585.15 compared to the same period last year[7]. - Cash flow from operating activities increased by 17.77% to CNY 41,656,941.75 year-on-year[7]. - Total revenue for Q1 2017 was CNY 214,794,585.15, an increase of 10.4% compared to CNY 194,504,799.07 in the same period last year[26]. - Net profit for Q1 2017 reached CNY 15,355,900.19, representing a 37.5% increase from CNY 11,214,723.95 in Q1 2016[27]. - The total profit for Q1 2017 was CNY 4,284,396.99, with a net profit of CNY 3,213,297.74 after tax expenses of CNY 1,071,099.25[31]. Assets and Liabilities - Total assets increased by 2.31% to CNY 1,542,852,712.30 compared to the end of the previous year[7]. - Total liabilities rose to ¥741,941,584.58 from ¥725,552,948.12, indicating an increase in the company's obligations[19]. - The company's total assets as of the end of the reporting period were CNY 1,234,982,734.06, compared to CNY 1,164,839,466.30 at the beginning of the year, marking a growth of 6%[23]. - Current assets totaled CNY 936,275,276.36, an increase of 8.5% from CNY 862,494,141.80 at the start of the year[22]. - Short-term borrowings increased to CNY 510,258,120.00 from CNY 439,000,000.00, indicating a rise of 16.3%[23]. - The total liabilities amounted to CNY 588,010,567.32, compared to CNY 521,080,597.30, reflecting an increase of 12.8%[23]. Cash and Cash Equivalents - Cash and cash equivalents increased by 74.60% to CNY 138,539,053.98 compared to the end of the previous year[11]. - Cash and cash equivalents increased to ¥138,539,053.98 from ¥79,347,846.26, reflecting a significant rise in operating cash flow due to increased revenue[17]. - The company’s cash and cash equivalents rose significantly to CNY 103,716,487.72 from CNY 59,729,058.26, a growth of 73.7%[21]. - Total cash and cash equivalents at the end of the period were CNY 132,201,352.70, up from CNY 24,367,784.16 at the end of the previous period[35]. - The company reported a net increase in cash and cash equivalents of CNY 55,731,142.34 during the quarter, compared to a decrease of CNY -32,435,996.81 in the previous year[35]. Investments and Expenditures - The company invested CNY 15,320,204.54 in fixed assets during the quarter, compared to CNY 8,900,734.00 in the same period last year[34]. - The net cash flow from investment activities was negative at CNY -15,278,158.14, reflecting increased capital expenditures[34]. Shareholder Information - The number of shareholders reached 30,527 at the end of the reporting period[10]. - The company reported a basic earnings per share of CNY 0.08 for Q1 2017, up from CNY 0.07 in the previous year[28]. Other Financial Metrics - The weighted average return on equity decreased by 0.15 percentage points to 1.94%[7]. - The company reported a significant increase in asset impairment losses by 692.45% to CNY 1,048,838.78 compared to the same period last year[11]. - Other comprehensive income improved to ¥2,020,136.49 from -¥1,090,613.51, showing a positive change in foreign currency translation differences[19]. - The company reported an increase in operating income due to higher VAT refunds received during the reporting period[15]. - The company plans to continue expanding its market presence and investing in new technologies and products[15].