WHKG(SH:600168)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥660,420,685.37, representing a year-on-year increase of 3.52% compared to ¥635,970,712.22 in the same period last year[5] - The net profit attributable to shareholders of the listed company was -¥24,647,674.06, a decrease of 161.16% from ¥41,005,323.06 in the previous year[5] - Basic and diluted earnings per share were both -¥0.03, a decline of 150.00% from ¥0.06 in the previous year[6] - Net profit for Q1 2023 was a loss of CNY 24,807,083.72, compared to a profit of CNY 39,595,027.63 in Q1 2022[20] - The company's net profit for Q1 2023 was a loss of ¥21,147,182.31, worsening from a loss of ¥11,890,701.66 in Q1 2022[29] Cash Flow - The net cash flow from operating activities was -¥101,894,055.11, showing an improvement compared to -¥264,718,169.73 in the same period last year[6] - Cash flow from operating activities for Q1 2023 was a net outflow of CNY -101,894,055.11, an improvement from CNY -268,042,158.96 in Q1 2022[22] - The cash flow from operating activities for Q1 2023 was a net outflow of ¥5,769,227.83, compared to a net inflow of ¥18,224,857.89 in Q1 2022[32] - The company reported a net cash inflow from financing activities of 394,760,481.82 RMB, compared to 921,101,019.00 RMB in the previous year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥20,338,968,764.16, a decrease of 0.30% from ¥20,401,044,995.48 at the end of the previous year[6] - The equity attributable to shareholders of the listed company was ¥5,066,764,584.07, down 0.48% from ¥5,091,412,258.13 at the end of the previous year[6] - Total current assets as of March 31, 2023, were CNY 6,609,910,595.29, slightly down from CNY 6,600,148,735.23[17] - Total liabilities as of March 31, 2023, were CNY 15,050,311,512.24, a slight decrease from CNY 15,087,580,659.84[18] - The total liabilities increased to 2,991,953,311.39 RMB from 2,923,701,230.97 RMB at the end of 2022[26] Investments and Expenses - Research and development expenses increased significantly to CNY 23,103,930.19 in Q1 2023, compared to CNY 738,530.23 in Q1 2022[19] - Financial expenses for Q1 2023 were CNY 104,985,372.11, up from CNY 98,969,295.26 in Q1 2022[19] - The investment activities generated a net cash inflow of ¥113,811,565.96 in Q1 2023, a significant improvement from a net outflow of ¥270,274,672.63 in Q1 2022[32] - The investment income for Q1 2023 was ¥5,129,224.11, a significant increase from ¥498,437.50 in Q1 2022[28] Shareholder Information - The top ten shareholders hold a total of 100% of the shares, with Wuhan Water Group Co., Ltd. being the largest shareholder, holding 40.18%[12] Operational Developments - The company completed the acquisition of 84% of the equity in Hong'an Jiji Water Environment Technology Co., Ltd. in July 2022, which led to adjustments in comparative figures[7] - The company established the Huangji River Basin Operation Branch and signed a contract for the second phase of the PPP project for water environment governance in Wuhan, covering 8 non-operational sub-items[14] - The total investment for the Huangjia Lake sewage treatment plant distributed photovoltaic project is approximately CNY 50.92 million, with an operational period of 20 years[14] Inventory and Receivables - Accounts receivable increased to CNY 4,368,214,690.42 from CNY 4,232,845,968.76 in the previous period[16] - Inventory rose to CNY 12,673,400.23 from CNY 9,659,457.84[17] - The company's inventory increased to 19,574,067.75 RMB from 17,181,165.68 RMB year-over-year[25]