WPG(SH:603956)2025-04-25 09:35Financial Performance - The company's operating revenue for Q1 2025 was ¥106,688,279.19, a decrease of 50.24% compared to ¥214,419,201.16 in the same period last year[4] - The net loss attributable to shareholders was ¥65,823,385.35, worsening from a loss of ¥37,501,986.61 in the previous year[4] - The basic and diluted earnings per share were both -¥0.13, compared to -¥0.08 in the same period last year[4] - Net loss for Q1 2025 was ¥66.44 million, compared to a net loss of ¥26.75 million in Q1 2024, representing an increase in loss of 148.5%[21] - Operating profit for Q1 2025 was -¥75.42 million, worsening from -¥35.63 million in Q1 2024[21] Cash Flow - The net cash flow from operating activities was -¥85,997,068.10, an improvement from -¥218,869,746.26 year-on-year[4] - Cash flow from operating activities in Q1 2025 was ¥271.16 million, an increase from ¥262.28 million in Q1 2024[23] - Cash outflow from operating activities amounted to $399.43 million, compared to $490.82 million in the previous period[24] - The company reported a net decrease in cash and cash equivalents of -$149.62 million, compared to -$236.09 million in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,148,402,939.74, a decrease of 4.36% from ¥3,291,864,003.78 at the end of the previous year[5] - Total assets decreased to ¥3.15 billion in Q1 2025 from ¥3.29 billion in Q1 2024[17] - Total liabilities decreased to ¥1.12 billion in Q1 2025 from ¥1.57 billion in Q1 2024[17] - The company's cash and cash equivalents decreased from 508,146,235.56 RMB to 355,630,954.80 RMB, a decline of approximately 30%[14] Shareholder Information - Total number of common shareholders at the end of the reporting period is 55,060[11] - The largest shareholder, Li Jixi, holds 216,727,000 shares, representing 38.03% of total shares[11] - Shareholders' equity attributable to the parent company increased by 18.21% to ¥1,987,514,495.65 from ¥1,681,375,794.45[5] - Shareholders' equity increased to ¥2.03 billion in Q1 2025 from ¥1.73 billion in Q1 2024[17] Operational Insights - The decline in operating revenue was primarily due to market conditions and an extended project conversion cycle in smart water services and smart water plants[9] - The company has not reported any significant operational issues during the reporting period[13] - The company is focusing on improving cash flow management through the use of accounts payable and supply chain financing[9] - The company is focusing on expanding its market presence and developing new technologies[12] Costs and Expenses - Total operating costs for Q1 2025 were ¥195.78 million, down 23.5% from ¥256.04 million in Q1 2024[20] - Research and development expenses for Q1 2025 were ¥23.38 million, down 22.5% from ¥30.17 million in Q1 2024[21] Non-Recurring Items - Non-recurring gains and losses totaled ¥2,733,574.33, with significant impacts from government subsidies and other non-operating income[8] - There are no significant changes in the top 10 shareholders or their shareholding status due to stock lending activities[12]