WSBE(SH:600421)2020-04-29 16:00Financial Performance - Operating revenue increased significantly by 769.53% to CNY 15,225,464.90 compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was a loss of CNY 1,335,394.17, worsening from a loss of CNY 933,967.35 in the previous year[5] - Operating profit for Q1 2020 was a loss of CNY 402,252.41, an improvement from a loss of CNY 1,166,830.18 in Q1 2019[21] - Net profit for Q1 2020 was a loss of CNY 321,573.49, compared to a loss of CNY 1,133,216.17 in Q1 2019, showing a reduction in losses[21] - The company reported a net loss of -427,151,886.87, compared to -426,198,268.50 in the previous period, indicating a slight increase in losses[16] Cash Flow - Net cash flow from operating activities was a negative CNY 21,474,229.93, compared to a negative CNY 3,464,497.07 in the same period last year[5] - Total cash inflow from operating activities was 18,121,317.90 RMB, while cash outflow was 39,595,547.83 RMB, resulting in a net cash outflow of 21,474,229.93 RMB[28] - Cash flow from financing activities showed a net increase of 5,310,000.00 RMB, primarily from other financing activities[29] - The cash flow from operating activities for the parent company was -904,876.59 RMB, compared to -1,455,163.26 RMB in the same quarter last year, showing an improvement[30] - The total cash inflow from operating activities for the parent company was 623,362.65 RMB, while cash outflow was 904,876.59 RMB[30] Assets and Liabilities - Total assets decreased by 14.63% to CNY 102,098,427.95 compared to the end of the previous year[5] - Total current assets decreased from 75,240,566.72 to 58,495,503.74, a decline of approximately 22.2%[14] - Total liabilities decreased from 65,918,705.04 to 48,748,144.14, a decrease of around 26.0%[15] - The company's total equity decreased from 53,671,857.30 to 53,350,283.81, a reduction of approximately 0.6%[16] - The company's cash and cash equivalents decreased from 25,622,075.15 to 4,147,845.22, a significant drop of about 83.8%[14] Shareholder Information - The company had a total of 5,701 shareholders at the end of the reporting period[9] - The largest shareholder, Zhejiang Hengshun Investment Co., Ltd., held 19.50% of the shares, totaling 38,136,775 shares[10] - The second-largest shareholder, Wuhan New Generation Technology Co., Ltd., held 17.50% of the shares, totaling 34,234,261 shares, which are pledged[10] Inventory and Receivables - Accounts receivable decreased from 32,100,448.94 to 29,183,761.53, a reduction of about 9.0%[14] - Inventory increased significantly from 8,391,154.36 to 12,718,597.46, representing a growth of approximately 51.5%[14] Non-Recurring Items - The company reported non-recurring gains and losses totaling CNY 381,775.80 during the reporting period[8] - The report indicates that the company may face significant changes in cumulative net profit compared to the same period last year[11]