WBTL(SH:603596)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥1,499,535,175.22, representing a year-on-year increase of 47.86%[4] - The net profit attributable to shareholders for Q1 2023 was ¥172,269,227.20, reflecting a growth of 24.54% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥158,116,074.33, which is an increase of 41.33% year-on-year[4] - The basic and diluted earnings per share for Q1 2023 were both ¥0.42, up by 23.53% from the previous year[5] - The company's main business revenue for Q1 2023 was CNY 1,447.58 million, representing a year-on-year growth of 47%[12] - The net profit for Q1 2023 was CNY 174,929,114.21, an increase of 26.4% compared to CNY 138,325,452.68 in Q1 2022[22] - The total profit for Q1 2023 reached CNY 198,963,465.80, up from CNY 155,477,178.50 in the same period last year, reflecting a growth of 27.9%[22] - The basic earnings per share for Q1 2023 was CNY 0.42, compared to CNY 0.34 in Q1 2022, representing a 23.5% increase[22] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to ¥8,838,987,935.34, a 2.25% increase from the end of the previous year[5] - Total assets as of the end of Q1 2023 amounted to ¥8,838,987,935.34, an increase from ¥8,644,414,932.40 at the end of Q1 2022[19] - Total liabilities for Q1 2023 were ¥4,094,083,690.37, slightly up from ¥4,077,893,732.21 in Q1 2022[19] - Shareholders' equity totaled ¥4,744,904,244.97 in Q1 2023, compared to ¥4,566,521,200.19 in Q1 2022, reflecting a growth of 3.9%[19] - The total accounts receivable stood at RMB 1,938,834,374.06[26] Cash Flow - The net cash flow from operating activities was negative at -¥134,419,898.52, a decrease of 2.68% year-on-year[4] - Cash inflow from operating activities in Q1 2023 was CNY 1,485,106,891.40, significantly higher than CNY 861,239,661.18 in Q1 2022, marking a growth of 72.3%[23] - The net cash flow from operating activities for Q1 2023 was -CNY 134,419,898.52, an improvement from -CNY 138,125,196.42 in Q1 2022[23] - The net cash flow from investing activities in Q1 2023 was CNY 77,972,860.06, a recovery from -CNY 142,423,472.91 in Q1 2022[24] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 2,120,064,836.98, compared to CNY 1,731,920,816.78 at the end of Q1 2022, indicating an increase of 22.4%[24] Expenses - The company's sales expenses increased by 53.70% due to revenue growth and an expanded consolidation scope[8] - The company's research and development expenses rose by 34.19%, attributed to an increase in the number of R&D projects and personnel[8] - Research and development expenses increased to ¥93,015,033.69 in Q1 2023, up 34.1% from ¥69,316,735.56 in Q1 2022[21] - Total operating costs for Q1 2023 were ¥1,328,778,749.55, up 49.8% from ¥887,361,109.77 in the same period last year[21] Inventory and Receivables - Inventory as of March 31, 2023, was CNY 990.80 million, compared to CNY 899.03 million at the end of 2022[17] - Accounts receivable amounted to CNY 1,845.82 million, down from CNY 1,938.83 million at the end of 2022[17] Projects and Market Strategy - The total number of projects under research as of March 31, 2023, was 443, with 94 new projects initiated and 43 new projects entering mass production[14] - The company secured a project with a North American automaker for aluminum steering knuckle products, with an estimated total sales revenue of approximately USD 390 million over a 7-year lifecycle[14] - The company aims to optimize its customer structure while expanding its market presence[14] - The company plans to continue expanding its market presence and invest in new technologies to enhance product offerings in the upcoming quarters[20] Shareholder Information - The total number of shares held by the top ten shareholders accounted for 49.06% of the total shares outstanding[11]