WXHS(SH:603090)2021-04-29 16:00Financial Performance - Operating revenue rose by 45.43% to CNY 100,856,616.43 year-on-year[5] - Net profit attributable to shareholders decreased by 39.73% to CNY 1,591,216.60 compared to the same period last year[5] - Basic and diluted earnings per share increased by 50.00% to CNY 0.03 per share[5] - The weighted average return on net assets improved by 0.06 percentage points to 0.55%[5] - The net profit for Q1 2021 reached ¥3,001,696.71, up from ¥2,749,843.25 in Q1 2020, representing a growth of 9.1%[25] - The total comprehensive income for Q1 2021 was ¥2,998,441.71, compared to ¥2,749,843.25 in Q1 2020, reflecting a growth of 9.1%[26] - The company's operating profit for Q1 2021 was ¥922,434.45, down from ¥2,240,902.11 in Q1 2020, indicating a decline of 58.8%[27] - The total profit for Q1 2021 was ¥862,367.25, compared to ¥2,137,938.21 in Q1 2020, representing a decrease of 59.6%[27] Cash Flow - Cash flow from operating activities showed a significant decline of 136.62%, resulting in a net outflow of CNY 1,519,106.85[5] - The net cash flow from operating activities was -¥1,519,106.85, a decrease of 136.62% from ¥4,148,053.17 in the previous period[10] - The cash inflow from operating activities in Q1 2021 was ¥106,727,918.90, while cash outflow was ¥108,247,025.75, resulting in a net cash outflow of ¥1,519,106.85[28] - The net cash flow from operating activities for Q1 2021 was -8,858,080.80 RMB, compared to 5,963,394.35 RMB in Q1 2020, indicating a significant decline[30] - The cash inflow from operating activities was 59,930,203.16 RMB in Q1 2021, down from 118,778,693.96 RMB in Q1 2020, indicating a 49.6% decrease[30] - The cash outflow for operating activities was 68,788,283.96 RMB in Q1 2021, compared to 112,815,299.61 RMB in Q1 2020, showing a 39% decrease[30] Assets and Liabilities - Total assets increased by 5.95% to CNY 739,627,788.39 compared to the end of the previous year[5] - The total number of shareholders reached 11,059 at the end of the reporting period[7] - The largest shareholder, Niu Yuxia, holds 54.68% of the shares, totaling 54,675,000 shares[7] - The company reported a significant increase in contract liabilities, which rose by 145.87% to ¥21,809,445.76 from ¥8,870,139.99[10] - Total liabilities increased to ¥118,529,946.89 from ¥93,484,780.36, representing a rise of 26.8%[21] - The company's equity attributable to shareholders reached ¥465,968,869.11, up from ¥464,878,340.98, showing a slight increase of 0.2%[21] Investment and Financing Activities - Cash flow from financing activities improved significantly to ¥9,512,263.88, compared to -¥9,988,960.42 in the previous period, indicating increased bank borrowings[10] - The net cash flow from financing activities was 4,599,874.99 RMB in Q1 2021, recovering from a negative cash flow of -9,988,960.42 RMB in Q1 2020[31] - The company received 15,000,000.00 RMB in borrowings during Q1 2021, an increase from 10,000,000.00 RMB in Q1 2020[31] Research and Development - The company reported a research and development expense of ¥5,592,433.85 for Q1 2021, compared to ¥5,137,906.81 in Q1 2020, indicating a focus on innovation[23] - Research and development expenses for Q1 2021 were ¥2,535,463.71, slightly higher than ¥2,370,781.88 in Q1 2020, showing an increase of 7%[26] Market Expansion - The company has established Wuxi Weika New Energy Technology Co., Ltd. during the reporting period, indicating ongoing market expansion efforts[11] - The company plans to continue expanding its market presence and developing new products, although specific future guidance was not detailed in the report[23]