WHKG(SH:600168)2025-04-24 12:15Financial Performance - The company's operating revenue for Q1 2025 was ¥1,021,807,615.18, representing a 26.30% increase compared to ¥809,049,332.19 in the same period last year[4]. - Net profit attributable to shareholders decreased by 36.64% to ¥31,249,805.22 from ¥49,321,752.39 year-on-year[4]. - The net profit after deducting non-recurring gains and losses fell by 41.92% to ¥23,746,142.98 compared to ¥40,887,427.38 in the previous year[4]. - Basic and diluted earnings per share decreased by 40.00% to ¥0.03 from ¥0.05 year-on-year[4]. - Total profit for Q1 2025 was ¥36,962,241.23, down 36.1% from ¥57,813,837.92 in Q1 2024[21]. - Net profit for Q1 2025 was ¥31,626,711.43, a decrease of 35.7% compared to ¥49,235,723.23 in Q1 2024[21]. Cash Flow - The net cash flow from operating activities improved significantly to ¥72,383,529.40, compared to a negative cash flow of ¥435,197,623.95 in the same period last year[4]. - Cash flow from operating activities for Q1 2025 was ¥72,383,529.40, a turnaround from a negative cash flow of ¥-435,197,623.95 in Q1 2024[26]. - Investment activities generated a net cash outflow of ¥393,654,638.87 in Q1 2025, compared to a net outflow of ¥433,195,141.47 in Q1 2024[27]. - Financing activities resulted in a net cash outflow of ¥136,237,338.51 in Q1 2025, contrasting with a net inflow of ¥401,792,935.83 in Q1 2024[27]. - The net cash flow from investment activities improved to $539,205,021.97 in Q1 2025 from -$117,443,657.46 in Q1 2024, showing a substantial turnaround[38]. - Cash inflow from financing activities was $982,000,000.00 in Q1 2025, a dramatic increase from $7,800,000.00 in Q1 2024, marking a 12,577.6% rise[39]. Assets and Liabilities - Total assets at the end of the reporting period were ¥23,874,360,537.54, a decrease of 2.05% from ¥24,374,191,361.21 at the end of the previous year[5]. - The company's current assets totaled CNY 8.06 billion, down from CNY 8.68 billion at the end of 2024, indicating a decrease of about 7.13%[15]. - The company's total liabilities were CNY 18.31 billion, down from CNY 18.84 billion, which is a decrease of approximately 2.66%[17]. - The company's equity attributable to shareholders rose to CNY 5.34 billion from CNY 5.31 billion, showing a slight increase of about 0.43%[17]. - The total current liabilities decreased from CNY 2,081,694,278.89 on December 31, 2024, to CNY 1,635,063,072.69 on March 31, 2025, a reduction of about 21.5%[31]. - The total liabilities decreased from CNY 3,524,776,688.05 on December 31, 2024, to CNY 3,093,397,485.36 on March 31, 2025, a decline of about 12.2%[31]. Investments and Expenses - Research and development expenses increased significantly to ¥23,522,119.43 in Q1 2025, compared to ¥12,282,888.08 in Q1 2024, reflecting a 91.7% rise[20]. - The company reported a credit impairment loss of CNY -7,341,283.39 in Q1 2025, an improvement compared to a loss of CNY -9,765,546.20 in Q1 2024[34]. - The company's financial expenses for Q1 2025 were CNY 23,817,189.76, down from CNY 26,072,767.97 in Q1 2024, a decrease of approximately 8.6%[34]. Future Plans - The company has plans for future asset acquisitions and capital investments, as indicated by the ongoing discussions in board meetings regarding asset purchases and funding strategies[12]. - The company implemented a capital reserve conversion plan in June 2024, increasing its share capital to 993,397,569 shares[5]. Non-Recurring Gains - The company reported non-recurring gains of ¥7,503,662.24, primarily from government subsidies and asset disposals[7].