Wencan(SH:603348)2022-04-27 16:00Financial Performance - The company's operating revenue for Q1 2022 was ¥1,243,440,479.13, representing an increase of 18.35% compared to the same period last year[6]. - Net profit attributable to shareholders of the listed company reached ¥79,404,262.56, marking a significant increase of 58.32% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥77,244,761.07, also up by 58.20% compared to the previous year[6]. - The basic earnings per share for the period was ¥0.31, reflecting an increase of 58.14% year-on-year[8]. - The diluted earnings per share was ¥0.29, which is an increase of 49.75% compared to the same period last year[8]. - Total revenue for Q1 2022 reached ¥1,243,440,479.13, an increase of 18.3% compared to ¥1,050,665,806.84 in Q1 2021[24]. - Net profit for Q1 2022 was ¥79,404,262.56, representing a 58.2% increase from ¥50,154,358.15 in Q1 2021[28]. - Total comprehensive income for the first quarter of 2022 was CNY 78,234,399.90, compared to CNY 16,377,303.77 in the same period of 2021, representing a significant increase[29]. - Basic earnings per share for Q1 2022 was CNY 0.31, up from CNY 0.19 in Q1 2021, indicating a growth of 63.16%[29]. Cash Flow and Assets - The net cash flow from operating activities showed a significant decline of 99.72%, amounting to ¥479,713.82[8]. - The company's cash and cash equivalents are reported at RMB 453.12 million, down from RMB 588.65 million[20]. - Cash inflow from operating activities totaled CNY 1,120,817,886.35, compared to CNY 903,828,160.29 in Q1 2021, reflecting an increase of 23.96%[31]. - Cash outflow from operating activities was CNY 1,120,338,172.53, up from CNY 735,106,365.27 in the previous year, resulting in a net cash flow from operating activities of CNY 479,713.82[31]. - The ending balance of cash and cash equivalents as of the end of Q1 2022 was CNY 453,118,138.69, down from CNY 573,775,686.96 at the end of Q1 2021[33]. - The company reported a decrease in cash flow from operating activities net amounting to CNY 479,713.82, a significant drop from CNY 168,721,795.02 in the previous year[31]. - The company experienced a foreign exchange loss affecting cash and cash equivalents amounting to CNY -4,556,563.13 in Q1 2022[33]. Assets and Liabilities - Total assets at the end of the reporting period were ¥6,221,197,164.08, an increase of 4.87% from the end of the previous year[8]. - The total current assets as of March 31, 2022, amount to approximately RMB 2.42 billion, an increase from RMB 2.31 billion at the end of 2021[20]. - Accounts receivable increased to RMB 1.16 billion from RMB 1.02 billion year-over-year[20]. - Inventory has risen to RMB 563.79 million, compared to RMB 513.99 million in the previous year[20]. - Fixed assets decreased to RMB 1.95 billion from RMB 2.03 billion[20]. - Total liabilities rose to ¥3,430,758,256.98 in Q1 2022, compared to ¥3,213,913,441.99 in Q1 2021, an increase of 6.8%[24]. - Long-term borrowings decreased to ¥911,861,173.27 in Q1 2022 from ¥990,656,475.78 in Q1 2021, a decline of 7.9%[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 12,220[11]. - The largest shareholders, Tang Jiexiong, Tang Jiebang, Tang Jiewei, and Tang Jiecao, each hold 30,000,000 shares, representing 11.44% of the total shares[11]. - Shareholders' equity attributable to the listed company was ¥2,790,438,907.10, up by 2.66% from the previous year[8]. - The company's total equity reached ¥2,790,438,907.10 in Q1 2022, compared to ¥2,718,211,451.33 in Q1 2021, reflecting a growth of 2.6%[24]. Operational Insights - The increase in net profit was primarily driven by the growth in sales of new energy vehicle components and the alleviation of customer chip issues, leading to increased orders and operational profits[9]. - Research and development expenses for Q1 2022 were ¥33,199,597.80, up from ¥31,226,527.92 in Q1 2021, indicating a 6.3% increase[28]. - The company has ongoing construction projects valued at RMB 895.98 million, up from RMB 648.05 million[20]. - The total liabilities and equity structure will be detailed in the upcoming financial reports[16]. - The company plans to disclose further information regarding the inheritance of shares from the late shareholder Tang Jiewei as per legal requirements[15].