WGQ(SH:600648)2023-04-27 16:00Financial Performance - The company's operating revenue for the first quarter of 2023 was CNY 1,448,695,412.33, a decrease of 63.45% compared to the same period last year[30]. - The net profit attributable to shareholders of the listed company was CNY 32,104,419.82, down 96.04% year-on-year[30]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 9,237,465.43, a decline of 98.80% compared to the previous year[30]. - The basic earnings per share for the reporting period was CNY 0.03, a decrease of 95.77% year-on-year[30]. - Total operating revenue for Q1 2023 was approximately ¥1.48 billion, a decrease of 63.2% compared to ¥4.01 billion in Q1 2022[50]. - Net profit attributable to shareholders of the listed company for Q1 2023 was approximately ¥32.10 million, down from ¥810.53 million in Q1 2022, reflecting a significant decline[51]. - The company reported a significant decline in interest income, which was approximately ¥28.91 million in Q1 2023, down from ¥47.91 million in Q1 2022[50]. - The company reported a basic and diluted earnings per share of 0.03 yuan, compared to 0.71 yuan in the previous year, representing a significant decline[61]. - The total comprehensive income attributable to the parent company was $31.78 million, down from $810.25 million in the previous year[61]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 40,403,593,036.31, down 3.09% from the end of the previous year[31]. - The company’s total assets as of March 31, 2023, were approximately ¥19.69 billion, a decrease from ¥20.86 billion at the end of 2022[37]. - The total liabilities decreased to $28.07 billion from $29.39 billion, indicating a reduction of approximately 4.5%[59]. - The total equity attributable to shareholders increased to $12.03 billion from $11.99 billion, a growth of 0.3%[59]. - The equity attributable to shareholders of the listed company was CNY 12,025,621,817.33, an increase of 0.27% compared to the end of the previous year[31]. Cash Flow - The net cash flow from operating activities was CNY -1,771,065,788.29, not applicable for year-on-year comparison[30]. - The net cash flow from operating activities was -$1.77 billion, a significant decrease compared to -$104.48 million in the previous period[62]. - Total cash inflow from operating activities amounted to approximately $1.93 billion, while cash outflow reached about $3.70 billion, resulting in a net cash outflow of $1.77 billion[62]. - The net cash flow from financing activities was $485.22 million, a decrease of 75.5% compared to $1.98 billion in the previous year[53]. - Cash and cash equivalents at the end of the period decreased to $3.70 billion from $8.07 billion, reflecting a net decrease of $2.92 billion[53]. - The cash outflow for taxes paid was approximately $1.62 billion, an increase from $588.78 million in the previous period[62]. - Cash received from sales of goods and services was $1.80 billion, up from $1.39 billion, marking an increase of 29.3% year-over-year[61]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 58,218[7]. - The top shareholder, Shanghai Waigaoqiao Asset Management Co., Ltd., held 545,359,660 shares, accounting for 48.03% of the total shares[7]. Operational Costs and Expenses - The total cost of operations for Q1 2023 was approximately ¥1.41 billion, a decrease of 56.0% from ¥3.21 billion in Q1 2022[50]. - The company reported a significant increase in financial expenses, totaling approximately ¥105.76 million in Q1 2023, compared to ¥134.19 million in Q1 2022[51]. - The company incurred a net loss attributable to minority shareholders of $2.81 million, compared to a profit of $4.53 million in the previous year[61]. Inventory and Investments - The company’s inventory increased to approximately ¥12.47 billion as of March 31, 2023, compared to ¥12.29 billion at the end of 2022, indicating a slight growth in stock levels[37]. - The company’s cash flow from investing activities was -¥162.85 million in Q1 2023, compared to -¥100.01 million in the same period last year, indicating increased investment in structured deposits[45]. - Cash inflow from investment activities was approximately $51.19 million, while cash outflow totaled about $1.68 billion, leading to a net cash outflow of $1.63 billion[62]. - Cash paid for the acquisition of fixed assets and intangible assets was approximately $54.11 million[62]. Accounting Standards - The company is not applying new accounting standards or interpretations starting from 2023[63].