WST(SH:688122)2025-04-21 10:20Financial Performance - The company's operating revenue for Q1 2025 reached ¥1,073,751,836.76, representing a 35.31% increase compared to ¥793,561,584.95 in the same period last year[3]. - Net profit attributable to shareholders was ¥169,994,932.20, a 53.85% increase from ¥110,496,998.85 year-on-year[3]. - The net profit after deducting non-recurring gains and losses was ¥141,612,674.34, up 52.73% from ¥92,722,730.43 in the previous year[3]. - Basic earnings per share increased by 52.94% to ¥0.26 from ¥0.17 in the same period last year[4]. - Operating profit for Q1 2025 was ¥213,689,564.94, an increase of 76.3% from ¥121,337,431.81 in Q1 2024[18]. - Net profit for Q1 2025 was ¥186,739,073.14, representing a 72.5% increase compared to ¥107,977,042.03 in Q1 2024[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥14,135,715,391.71, a 3.87% increase from ¥13,609,314,222.99 at the end of the previous year[4]. - As of March 31, 2025, the total current assets amounted to CNY 11,105,470,869.22, an increase from CNY 10,600,082,387.95 as of December 31, 2024, representing a growth of approximately 4.75%[13]. - Total liabilities as of March 31, 2025, were CNY 6,679,352,850.29, up from CNY 6,342,489,920.76, which is an increase of approximately 5.31%[15]. - The total equity of the company reached CNY 7,456,362,541.42, an increase from CNY 7,266,824,302.23, representing a growth of about 2.61%[15]. - The company reported a total asset value of CNY 14,135,715,391.71, up from CNY 13,609,314,222.99, indicating an increase of approximately 3.86%[14]. Cash Flow - The net cash flow from operating activities was ¥2,644,999.45, a significant decrease of 98.17% compared to ¥144,781,613.77 in the same period last year[3]. - Cash flow from operating activities for Q1 2025 was ¥2,644,999.45, a significant decrease from ¥144,781,613.77 in Q1 2024[20]. - Cash and cash equivalents at the end of Q1 2025 totaled ¥1,371,883,266.22, down from ¥1,729,417,255.87 at the end of Q1 2024[21]. - Investment activities generated a net cash outflow of ¥75,801,836.06 in Q1 2025, compared to a net inflow of ¥55,329,816.45 in Q1 2024[21]. - Financing activities produced a net cash inflow of ¥122,240,853.66 in Q1 2025, down from ¥198,332,921.74 in Q1 2024[21]. Research and Development - Research and development expenses totaled ¥43,627,296.97, down 45.18% from ¥79,583,380.61 in the previous year[4]. - The proportion of R&D expenses to operating revenue decreased by 5.97 percentage points to 4.06%[4]. Management and Expenses - The company reported a significant increase in management expenses, which rose to ¥65,539,756.32 in Q1 2025 from ¥24,610,035.01 in Q1 2024[18]. - Total operating costs for Q1 2025 were ¥834,923,282.31, up 19.7% from ¥697,116,057.95 in Q1 2024[18]. Government Subsidies - The company recognized government subsidies amounting to ¥28,641,379.68 during the reporting period, which are expected to have a sustained impact on profits[5]. Borrowings - The short-term borrowings increased significantly to CNY 1,137,064,560.25 from CNY 778,593,492.39, reflecting a rise of about 46.12%[15]. - The company's long-term borrowings decreased to CNY 722,391,294.63 from CNY 887,129,258.00, showing a decline of approximately 18.59%[15]. Shareholder Structure - The company has not reported any significant changes in the shareholder structure or any related party transactions during the reporting period[12].