WAZAM(SH:603186)2025-04-21 10:20Financial Performance - The company's operating revenue for Q1 2025 was CNY 1,029,975,937.09, representing a 20.49% increase compared to CNY 854,789,538.12 in the same period last year[4] - Net profit attributable to shareholders was CNY 18,400,541.91, a significant turnaround from a loss of CNY 992,739.80 in the previous year[4] - The net profit after deducting non-recurring gains and losses reached CNY 14,384,597.80, up 2,169.72% from CNY 633,760.04 in the same period last year[4] - The basic and diluted earnings per share were both CNY 0.13, compared to a loss of CNY 0.01 per share in the previous year[5] - Operating profit for Q1 2025 was ¥16,829,571.08, a significant recovery from a loss of ¥6,990,292.84 in Q1 2024[17] - Net profit for Q1 2025 was ¥18,763,489.55, compared to a net loss of ¥817,356.81 in Q1 2024[18] Cash Flow - The net cash flow from operating activities was negative at CNY -213,806,304.67, worsening from CNY -67,218,009.25 in the same period last year[4] - Cash flow from operating activities for Q1 2025 was negative at -¥213,806,304.67, compared to -¥67,218,009.25 in Q1 2024[21] - Cash flow from investing activities generated a net inflow of ¥93,536,933.40 in Q1 2025, contrasting with a net outflow of -¥104,254,107.17 in Q1 2024[22] - Cash flow from financing activities yielded a net inflow of ¥151,345,765.16 in Q1 2025, down from ¥253,116,333.97 in Q1 2024[22] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,452,476,876.68, a 5.56% increase from CNY 6,112,559,946.57 at the end of the previous year[5] - The company's total liabilities increased to RMB 4,936,593,930.03 from RMB 4,615,440,489.47, representing a rise of about 6.96%[15] - The total equity attributable to shareholders reached RMB 1,473,671,243.38, up from RMB 1,455,270,701.47, indicating an increase of approximately 1.20%[15] - Cash and cash equivalents stood at RMB 488,767,435.18, compared to RMB 467,553,111.65 at the end of 2024, marking a growth of about 4.66%[13] - Accounts receivable rose to RMB 1,624,880,581.89 from RMB 1,512,038,108.12, reflecting an increase of approximately 7.44%[13] - Inventory levels increased to RMB 495,086,544.95 from RMB 454,915,743.51, showing a growth of around 8.83%[13] - The company reported a total of RMB 3,271,356,085.24 in current assets, up from RMB 2,918,747,995.01, reflecting a growth of about 12.06%[13] - Non-current assets totaled RMB 3,181,120,791.44, slightly down from RMB 3,193,811,951.56, indicating a decrease of approximately 0.39%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,318[10] - The largest shareholder, Huali Group Co., Ltd., held 40.07% of the shares, totaling 56,902,768 shares[10] Government Support - The company received government subsidies amounting to CNY 4,700,465.56, which positively impacted the financial results[6] Future Accounting Standards - Zhejiang Huazheng New Materials Co., Ltd. will implement new accounting standards starting from 2025, affecting the financial statements from the beginning of that year[23]