WLGF(SH:603779)2018-04-25 16:00Financial Performance - Net profit attributable to shareholders increased by 22.19% to CNY 18,763,277.95 year-on-year[5] - The company reported a net profit of 11,127,145.65 RMB, an increase of 55.11% compared to the same period last year[13] - Net profit for Q1 2018 reached CNY 18,763,277.95, representing a 22.5% increase from CNY 15,355,900.19 in Q1 2017[25] - The company reported an operating profit of CNY 29,858,923.60, up from CNY 21,922,050.98 in the previous year, reflecting a growth of 36.4%[25] Revenue and Operating Costs - Operating revenue rose by 3.94% to CNY 223,262,308.70 compared to the same period last year[5] - Total revenue for Q1 2018 was CNY 223,262,308.70, an increase of 3.4% compared to CNY 214,794,585.15 in the same period last year[25] - Total operating costs for Q1 2018 were CNY 194,117,331.43, up from CNY 192,867,225.81 year-over-year[25] - Operating costs increased to CNY 106,699,746.67 from CNY 85,585,176.00, reflecting a rise of 24.6%[28] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 23,659,605.21, a significant decrease from CNY 41,656,941.75 in the previous year[5] - Cash flow from operating activities was CNY -23,659,605.21, a significant decrease from 41,656,941.75 in the previous year[30] - Operating cash inflow for Q1 2018 was CNY 227,103,548.98, an increase of 62.8% compared to CNY 139,450,410.55 in the previous period[33] - Net cash flow from operating activities was -CNY 4,804,009.24, an improvement from -CNY 15,876,489.53 in the same period last year[33] Assets and Liabilities - Total assets increased by 3.33% to CNY 1,946,793,932.26 compared to the end of the previous year[5] - Total assets as of March 31, 2018, amounted to CNY 1,602,598,508.61, compared to CNY 1,538,504,963.76 at the start of the year, indicating a growth of 4.2%[22] - Total liabilities increased to CNY 376,317,728.74 from CNY 309,397,678.14, marking a rise of 21.6%[21] - The company's equity totaled CNY 1,226,280,779.87, slightly down from CNY 1,229,107,285.62 at the beginning of the year[21] Borrowings and Financing - Short-term borrowings increased by 39.69% to CNY 307,334,396.44, primarily due to increased bank loans[12] - Short-term borrowings rose to 307,334,396.44 RMB, an increase from 220,008,444.00 RMB at the start of the year[17] - The company’s cash flow from financing activities was 71,560,765.97 RMB, a 144.15% increase compared to the previous year[13] - Cash inflow from financing activities was CNY 80,118,034.59, down from CNY 153,276,797.33 in the previous period, reflecting reduced borrowing[33] Inventory and Accounts Receivable - Accounts receivable increased by 52.77% to CNY 93,757,419.31 due to extended credit terms for some distributors[12] - The company’s inventory increased to 803,203,005.40 RMB, compared to 788,044,961.56 RMB in the previous year[16] - Inventory decreased to CNY 624,577,601.17 from CNY 636,406,711.44, a decline of 1.8%[20] Other Income and Expenses - Non-operating income totaled CNY 476,931.33, including government subsidies and other income[8] - The company received government subsidies amounting to 983,460.92 RMB, a substantial increase of 352.00% year-over-year[13] - The company’s other income was reported at 564,640.00 RMB, primarily from government subsidies related to daily operations[13] - The company’s tax expenses increased by 55.11% due to a decrease in deferred tax assets related to inventory[13] Shareholder Information - The number of shareholders reached 22,253 by the end of the reporting period[9]