WFDSJ(SH:601010)2023-04-28 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥632,130,431.93, a decrease of 9.54% compared to the same period last year[2] - Net profit attributable to shareholders was ¥86,179,947.06, while the net profit excluding non-recurring gains and losses increased by 37.63% to ¥83,055,407.56[2] - Net profit for Q1 2023 was CNY 85,538,887.00, a significant recovery from a net loss of CNY 24,808,562.59 in Q1 2022[16] - The company reported a profit before tax of CNY 115,816,590.26, compared to a loss of CNY 14,765,724.33 in the previous year[16] - Earnings per share for Q1 2023 were CNY 0.05, compared to a loss per share of CNY 0.01 in Q1 2022[16] Cash Flow - The net cash flow from operating activities surged by 192.67% to ¥228,311,777.72[2] - Operating cash flow for Q1 2023 was CNY 228,311,777.72, an increase from CNY 78,010,120.84 in Q1 2022[18] - Cash inflow from operating activities totaled CNY 842,470,394.07, down from CNY 1,059,421,831.59 in the same period last year[18] - Cash inflow from investment activities was CNY 1,270,624,038.83, an increase from CNY 837,470,567.64 in Q1 2022[18] - The net cash flow from investing activities was $269,475,233.71, an increase from $98,070,480.04 in the previous year[19] - The net cash flow from financing activities was -$109,276,562.25, a significant decrease from -$3,804,216.56 in the previous year[19] - Cash inflows from financing activities totaled $59,773,095.16, down from $120,000,000.00 in the previous year[19] - The net increase in cash and cash equivalents for the period was $388,510,449.18, compared to $172,276,384.32 in the previous year[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥6,713,133,247.18, reflecting a 0.99% increase from the end of the previous year[2] - The total current liabilities decreased slightly to RMB 2,089,679,010.53 from RMB 2,100,410,851.54, reflecting better management of short-term obligations[12] - The company's total liabilities decreased to CNY 2,278,008,220.40 from CNY 2,298,475,804.35[13] - The company's total liabilities as of March 31, 2023, were RMB 2,089,679,010.53, reflecting a stable financial position[12] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 1.98% to ¥4,454,302,847.84[2] - The total equity of the company as of March 31, 2023, was RMB 4,623,454,236.65, compared to RMB 4,547,210,569.12 at the end of 2022, showing growth in shareholder equity[11] - Shareholders' equity increased to CNY 4,435,125,026.78 from CNY 4,349,145,616.31, reflecting a growth of 1.98%[13] Investment and Strategy - The company plans to continue focusing on cash flow management and optimizing its investment strategies moving forward[5] - The company’s long-term investments decreased to RMB 5,901,128.59 from RMB 39,267,320.19, indicating a strategic shift in investment focus[12] - The company reported a tax-preferred investment income of approximately RMB 24,030,000 from the sale of a 30.4348% stake in Hualkang, positively impacting net profit for 2023[10] - The company's total revenue guidance for the upcoming quarter remains optimistic, with expectations of continued growth driven by market expansion strategies[10] Inventory and Operational Efficiency - The company’s inventory decreased to RMB 377,153,663.43 from RMB 391,911,029.02, suggesting improved inventory management[12] - The company experienced a 77.37% decrease in current assets due to the recovery of debt investments[4] - The company’s accounts payable increased to RMB 332,392,342.96 from RMB 268,172,334.64, indicating a rise in operational liabilities[12] Cash and Liquidity - The company reported a significant increase in cash and cash equivalents, up by 54.62% due to net cash inflows from operating and investing activities[4] - The company's cash and cash equivalents reached RMB 1,121,712,382.92, up from RMB 725,477,591.73 at the end of 2022, indicating a significant liquidity improvement[11] - Total cash and cash equivalents at the end of the period reached $1,047,287,954.38, compared to $580,487,062.10 in the same period last year[19]