WMM(SZ:002149)2025-04-28 15:05Financial Performance - The company's revenue for Q1 2025 was ¥754,305,035.92, representing a 7.01% increase compared to ¥704,879,790.71 in the same period last year[5] - Net profit attributable to shareholders decreased by 12.39% to ¥32,158,465.88 from ¥36,706,098.91 year-on-year[5] - The company reported a decrease in basic and diluted earnings per share by 12.37% to ¥0.0659 from ¥0.0752 in the previous year[5] - Net profit for the current period was ¥40,358,548.93, a decrease of 18.5% from ¥49,545,351.57 in the previous period[19] - The net profit attributable to the parent company was ¥32,158,465.88, down 12.5% from ¥36,706,098.91 in the previous period[19] Cash Flow - The net cash flow from operating activities was negative at -¥154,818,115.81, a significant decline of 2,465.96% compared to -¥6,033,526.50 in the previous year[5] - Cash flow from operating activities was ¥281,885,605.63, a decrease of 26.4% from ¥382,883,282.92 in the previous period[21] - Cash flow from investing activities was -$25.42 million, compared to -$15.99 million in the prior period[22] - Cash flow from financing activities showed a net outflow of -$30.03 million, worsening from -$9.96 million year-over-year[22] - The net increase in cash and cash equivalents was -$210.30 million, compared to -$31.95 million in the prior period[22] Assets and Liabilities - The total assets increased by 2.62% to ¥7,049,082,205.15 from ¥6,868,983,428.63 at the end of the previous year[5] - The total liabilities increased to ¥3,467,235,715.52, compared to ¥3,341,338,620.87 in the previous period, reflecting a growth of 3.8%[16] - The company's total liabilities increased, with current liabilities including accounts payable rising to RMB 680,259,158.21 from RMB 542,318,572.10, a growth of about 25.5%[15] - Current assets totaled RMB 4,381,023,385.89, compared to RMB 4,226,257,301.20 at the beginning of the period, reflecting a growth of approximately 3.67%[15] - The company's cash and cash equivalents decreased to RMB 540,206,029.59 from RMB 751,885,246.24, indicating a decline of about 28.14%[14] Accounts Receivable and Inventory - Accounts receivable rose by 38.28% to ¥1,650,113,198.56, attributed to longer collection cycles from increased aerospace and shipbuilding titanium material revenues[8] - Inventory levels decreased to RMB 1,555,681,748.44 from RMB 1,650,320,846.06, showing a reduction of about 5.74%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 32,101[10] - Total equity attributable to shareholders of the parent company rose to ¥3,015,579,099.62, an increase of 1.5% from ¥2,970,561,084.21 in the previous period[16] Other Financial Metrics - The weighted average return on equity decreased to 1.07% from 1.25% year-on-year[5] - The company recorded a significant increase in prepayments by 39.60% to ¥73,985,624.76, mainly due to higher raw material procurement payments[8] - Research and development expenses were ¥36,120,065.94, slightly down from ¥36,362,938.38 in the previous period[19] - Other comprehensive income after tax for the current period was ¥10,779,983.51, significantly higher than ¥2,635,816.62 in the previous period[20] Audit and Accounting Standards - The company did not undergo an audit for the first quarter report[23] - The company plans to implement new accounting standards starting in 2025[23]