WXHS(SH:603090)2019-04-17 16:00Financial Performance - Operating income for the first quarter was ¥83,290,253.00, representing a decrease of 16.62% year-on-year[7]. - Net profit attributable to shareholders was ¥3,637,340.32, down 9.58% from the same period last year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥2,956,977.74, a decrease of 23.16% year-on-year[7]. - The total comprehensive income attributable to the parent company was CNY 3,637,340.32, an increase of 6.2% from CNY 3,425,406.79 in the previous year[23]. - The total profit for Q1 2019 was CNY 1,954,671.06, a decrease of 25% compared to CNY 2,605,931.99 in Q1 2018[25]. - The net profit for Q1 2019 was CNY 1,621,029.38, down 32.4% from CNY 2,398,410.18 in Q1 2018[25]. Cash Flow - Cash flow from operating activities significantly increased to ¥9,560,457.62, a rise of 815.73% compared to the previous year[7]. - Net cash flow from operating activities surged by 815.73% to ¥9,560,457.62 from ¥1,044,029.61 due to increased sales collections[13]. - The company reported a net cash inflow from operating activities of CNY 9,560,457.62, compared to CNY 1,044,029.61 in Q1 2018[28]. - The net cash flow from operating activities for Q1 2019 was ¥6,819,814.26, a significant improvement from a net cash outflow of ¥1,552,329.15 in Q1 2018[31]. - The net cash flow from investment activities for Q1 2019 was -¥5,821,026.16, an improvement from -¥50,905,990.48 in Q1 2018[32]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥683,889,748.82, an increase of 3.02% compared to the end of the previous year[7]. - Total assets increased to ¥683,889,748.82 from ¥663,829,575.12, reflecting a growth in both current and non-current assets[16]. - Total liabilities as of March 31, 2019, were CNY 104,320,390.29, compared to CNY 88,213,865.72 at the end of 2018[20]. - The total liabilities to total assets ratio is approximately 15.97%[40]. - The company maintains a strong cash position with current liabilities of 87,978,823.35[39]. Shareholder Information - The total number of shareholders at the end of the reporting period was 13,606[10]. - The largest shareholder, Niu Yuxia, holds 54.68% of the shares, totaling 54,675,000 shares[10]. Investment and Equity - The company approved the acquisition of a 24.5% stake in Hangzhou Hongsheng Zhonghong New Energy Co., Ltd., increasing its ownership to 75.5%[13]. - Long-term equity investments increased to CNY 138,425,800.00 from CNY 128,625,800.00, reflecting a growth of 7.0%[19]. - The company is focused on expanding its investment in long-term equity, with a significant allocation of 128,625,800.00[39]. Government Subsidies and Other Income - The company received government subsidies amounting to ¥125,438.63 during the reporting period[9]. - Other income fell by 93.40% to ¥125,438.63 from ¥1,901,076.26, primarily due to a reduction in government subsidies[13].