WMM(SZ:002149)2014-04-25 16:00Financial Performance - The company's operating revenue for Q1 2014 was ¥343,569,569.49, a decrease of 14.02% compared to ¥399,577,321.39 in the same period last year[7] - The net profit attributable to shareholders of the listed company was a loss of ¥3,853,933.69, an improvement of 48.37% from a loss of ¥7,464,307.64 in the previous year[7] - The company's basic earnings per share were -¥0.02, showing a 50% improvement from -¥0.04 in the same period last year[7] - The company’s weighted average return on equity was -0.44%, an improvement of 0.43% from -0.87% in the previous year[7] - The company expects to turn a profit in the first half of 2014, with a projected net profit of up to 500,000 compared to a net loss of -412.25 in the same period of 2013[23] - The increase in net profit is mainly attributed to the execution of the national reserve titanium ingot contract during the reporting period[23] Cash Flow - The net cash flow from operating activities was negative at ¥5,265,209.39, a decline of 113.45% compared to a positive cash flow of ¥39,157,839.23 in the same period last year[7] - The net cash flow from operating activities for Q1 2014 was -5,265,209.39, a decrease of 113.45% compared to Q1 2013, which was 39,157,839.23[21] - The net cash flow from investing activities for Q1 2014 was -10,781,685.69, a decrease of 60.50% compared to Q1 2013, which was -6,717,355.89[21] - The increase in accounts receivable was the primary reason for the decrease in net cash flow from operating activities[21] - The increase in payments for the special new materials park project was the main reason for the decrease in net cash flow from investing activities[21] Assets and Shareholder Information - The total assets at the end of the reporting period were ¥2,782,045,246.80, a slight decrease of 0.03% from ¥2,782,846,999.19 at the end of the previous year[7] - The company reported an increase in accounts receivable by 35.55%, reaching ¥331,841,728.40 compared to ¥244,804,497.54 at the end of the previous year[15] - The total number of shareholders at the end of the reporting period was 21,181, with the top ten shareholders holding a combined 62.58% of the shares[11] Government Support and Commitments - The company received government subsidies amounting to ¥3,797,774.48 during the reporting period, contributing to an increase in other operating income by 89.99%[17] - The commitment to avoid competition in the same industry by the Northwest Nonferrous Metal Research Institute remains in effect since August 10, 2007[22] - The company has fulfilled its commitment regarding avoiding competition in the same industry[22] Investments - The company’s construction in progress increased by 50.67%, amounting to ¥66,086,423.97, attributed to investments in special new materials projects[15]