WSBE(SH:600421)2025-04-25 09:50Financial Performance - The company's operating revenue for Q1 2025 was ¥20,045,249.89, a decrease of 8.78% compared to ¥21,975,641.93 in the same period last year[4] - The net profit attributable to shareholders of the listed company was -¥1,036,061.51, worsening from -¥582,680.56 year-on-year[4] - Basic and diluted earnings per share were both -¥0.010, compared to -¥0.003 in the same period last year[5] - The weighted average return on net assets was -13.44%, down from -4.65% year-on-year[5] - Net profit for Q1 2025 was a loss of CNY 847,342.80, compared to a profit of CNY 405,147.64 in Q1 2024, indicating a significant decline[17] - The company incurred a basic and diluted earnings per share of -0.010 CNY, compared to -0.003 CNY in the previous year, indicating a decline in profitability[19] Cash Flow - The net cash flow from operating activities improved significantly to ¥2,197,192.58, compared to -¥8,766,059.92 in the previous year[4] - In Q1 2025, the company reported cash inflows from operating activities of CNY 40,769,984.15, an increase of 37.9% compared to CNY 29,530,776.82 in Q1 2024[21] - The net cash flow from operating activities was CNY 2,197,192.58, a significant improvement from a net outflow of CNY 8,766,059.92 in the same period last year[22] - Total cash and cash equivalents at the end of Q1 2025 reached CNY 8,112,336.34, compared to CNY 2,862,138.48 at the end of Q1 2024, marking an increase of 184.5%[22] - Cash outflows from investing activities were CNY 534,525.50, a decrease from CNY 845,336.86 in Q1 2024, showing a reduction of 36.7%[22] - Cash inflows from financing activities totaled CNY 14,717,528.57, an increase from CNY 12,500,000.00 in Q1 2024, representing a growth of 17.6%[22] - The net cash flow from financing activities was CNY 2,809,742.99, down from CNY 8,687,176.40 in the same quarter last year[22] - The company reported a total cash inflow from other operating activities of CNY 1,114,278.02, significantly higher than CNY 305,053.02 in Q1 2024, reflecting a growth of 264.3%[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥155,485,610.23, a slight increase of 0.73% from ¥154,359,558.03 at the end of the previous year[5] - The company's total assets as of March 31, 2025, amounted to CNY 155,485,610.23, slightly up from CNY 154,359,558.03 at the end of 2024[13] - Current assets increased to CNY 132,091,669.33 from CNY 129,440,381.01, marking a growth of 2.0%[12] - Inventory levels rose significantly to CNY 22,659,032.89, up from CNY 9,676,905.89, representing an increase of 134.5%[12] - The company's total liabilities increased to CNY 119,160,279.96 from CNY 117,710,063.38, reflecting a rise of 1.2%[14] - Shareholders' equity attributable to shareholders of the listed company decreased by 12.40% to ¥7,198,740.68 from ¥8,217,881.19[5] - The equity attributable to shareholders decreased to CNY 7,198,740.68 from CNY 8,217,881.19, a decline of 12.4%[14] Shareholder Information - The top shareholder, Zhejiang Hengshun Investment Co., Ltd., holds 19.50% of the shares, totaling 38,136,775 shares[8] - The company reported a total of 19,152 common shareholders at the end of the reporting period[8] Government Support - The company received government subsidies amounting to ¥156,003.68 during the reporting period[6] Research and Development - Research and development expenses for Q1 2025 were CNY 1,028,454.68, compared to CNY 929,836.34 in Q1 2024, showing an increase of 10.6%[18] Accounting Standards - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the year[23]