WLGF(SH:603779)2022-04-28 16:00Financial Performance - The company's operating revenue for Q1 2022 was CNY 142,298,033.95, representing a decrease of 2.08% compared to the same period last year[5]. - The net profit attributable to shareholders for Q1 2022 was CNY 9,053,891.69, showing a significant increase of 2,189.36% year-on-year[5]. - Total operating revenue for Q1 2022 was ¥142,298,033.95, a decrease of 2.1% from ¥145,326,458.27 in Q1 2021[18]. - Net profit for Q1 2022 reached ¥9,053,891.69, significantly up from ¥395,476.58 in Q1 2021, representing a growth of 2,187.5%[19]. - The total comprehensive income attributable to the parent company was CNY 17,792,063.68, a significant recovery from a loss of CNY -1,215,164.23 in Q1 2021[20]. Assets and Liabilities - The total assets at the end of Q1 2022 were CNY 1,399,334,132.41, down 2.05% from the end of the previous year[6]. - The company's total assets as of Q1 2022 were ¥1,399,334,132.41, a decrease from ¥1,428,640,571.80 in the previous year[16]. - Total liabilities for Q1 2022 amounted to ¥691,225,717.16, down from ¥738,324,220.23 in Q1 2021, reflecting a reduction of 6.4%[15]. - The equity attributable to shareholders increased by 2.58% to CNY 708,108,415.25 compared to the end of the previous year[6]. - The total equity attributable to shareholders increased to ¥708,108,415.25 from ¥690,316,351.57, an increase of 2.6%[16]. Cash Flow - The net cash flow from operating activities decreased by 33.34% to CNY 1,866,837.76 compared to the previous year[5]. - In Q1 2022, the company reported a net cash flow from operating activities of CNY 1,866,837.76, a decrease of 33.2% compared to CNY 2,800,570.00 in Q1 2021[22]. - The net cash flow from investing activities was negative at CNY -911,311.53, an improvement from CNY -3,306,153.13 in Q1 2021[23]. - The net cash flow from financing activities was CNY -14,143,030.19, showing an improvement from CNY -25,725,185.02 in the previous year[24]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,754[10]. - The top shareholder, Shenzhen Shiqian Investment Development Co., Ltd., held 22.29% of the shares, totaling 74,183,000 shares[10]. - Basic and diluted earnings per share were both CNY 0.03, consistent with the previous year[20]. Operational Costs and Expenses - Total operating costs for Q1 2022 were ¥128,573,443.17, down 11.0% from ¥144,404,300.16 in Q1 2021[18]. - Research and development expenses for Q1 2022 were ¥837,691.15, down from ¥996,497.60 in Q1 2021, a decrease of 15.9%[18]. - The company reported a financial expense of ¥5,574,525.33, down from ¥6,632,060.77, a reduction of 15.9%[19]. Cash and Cash Equivalents - Cash and cash equivalents decreased by 35.71% primarily due to the repayment of short-term loans during the period[7]. - The company's cash and cash equivalents decreased to ¥677,923,152.15 from ¥699,667,654.52, indicating a decline of 3.1%[16]. - Cash and cash equivalents at the end of the period stood at CNY 22,534,745.36, down from CNY 42,755,033.24 at the end of Q1 2021, reflecting a decrease of 47.3%[24]. Government Subsidies - The company received government subsidies amounting to CNY 174,511.93 during the reporting period, which was closely related to its normal business operations[7].