WTJX(BJ:830839)2022-04-27 16:00Financial Performance - The company achieved operating revenue of CNY 97,195,679.92, representing a year-on-year increase of 18.34% due to strong downstream demand and a significant increase in sales of hydraulic cylinders for coal mining equipment, which grew by 630.28% compared to the same period last year[19]. - The net profit attributable to shareholders was CNY 7,399,683.63, a decrease of 41.69% year-on-year, primarily due to a decline in overall gross margin and increased R&D expenses[19]. - Total operating revenue for Q1 2022 reached CNY 97,195,679.92, an increase of 18.4% compared to CNY 82,131,997.01 in Q1 2021[43]. - Net profit for Q1 2022 was CNY 7,399,683.63, a decrease of 41.0% from CNY 12,689,676.10 in Q1 2021[45]. - The total comprehensive income for Q1 2022 was CNY 7,399,683.63, down from CNY 12,689,676.10 in Q1 2021, indicating a decline of 41.0%[45]. Assets and Liabilities - The total assets as of March 31, 2022, were CNY 564,746,556.99, reflecting a 7.02% increase from the end of the previous year[17]. - The company reported a total liability ratio of 24.91% for both the parent and consolidated entities, an increase from 21.17% year-on-year[17]. - Total current liabilities amounted to CNY 118,233,376.35, which is an increase of 10.6% from CNY 106,859,187.54[36]. - The company's total liabilities were CNY 140,655,434.64, up 25.9% from CNY 111,694,668.38 in the previous year[37]. - The total assets of the company reached CNY 564,746,556.99, reflecting an increase of 7.0% from CNY 527,718,275.93[36]. Cash Flow - The net cash flow from operating activities was negative at CNY -2,988,553.06, indicating a cash outflow compared to CNY -16,375,303.57 in the same period last year[17]. - The cash flow from operating activities in Q1 2022 was negative at CNY -2,988,553.06, an improvement from CNY -16,375,303.57 in Q1 2021[49]. - The net cash flow from financing activities in Q1 2022 was CNY 19,746,596.40, a significant increase from CNY -161,584.76 in Q1 2021[50]. - The cash inflow from operating activities was CNY 50,312,887.84, down from CNY 61,779,843.88 in the previous year[53]. - The company reported a net increase in cash and cash equivalents of CNY 3,735,703.29, contrasting with a decrease of CNY 34,016,937.57 in the same quarter last year[53]. Research and Development - The number of R&D personnel increased, contributing to higher R&D expenses and stock compensation costs compared to the previous year[19]. - Research and development expenses for Q1 2022 were CNY 3,377,668.99, compared to CNY 2,980,375.26 in Q1 2021, marking an increase of 13.4%[44]. - The company incurred financial expenses of CNY 121,483.14 in Q1 2022, significantly higher than CNY 8,422.85 in Q1 2021[48]. Shareholder Information - The top ten shareholders hold a total of 91,295,330 shares, representing 76.09% of the company's total shares[25]. - The largest shareholder, Wang Wanfa, holds 40,383,000 shares, accounting for 33.65% of the total shares[25]. - Shareholders' equity totaled CNY 424,091,122.35, an increase of 1.6% from CNY 416,023,607.55[37]. Government Support and Guarantees - The company received government subsidies amounting to CNY 266,956.13 during the reporting period[21]. - As of the reporting period, the company has provided related guarantees amounting to 35.8 million yuan for bank loans, which is within the expected limit[30]. Operational Highlights - The company maintained a strong growth in overseas revenue, which increased by 41.73% year-on-year[19]. - The company is focusing on expanding its production capacity, as indicated by the increase in construction in progress to CNY 102,122,913.32, up 23.0% from CNY 83,062,996.29[36].