WLGF(SH:603779)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥63,377,320.42, representing a decrease of 55.46% compared to the same period last year[5]. - The net profit attributable to shareholders was -¥17,735,810.99, indicating a significant loss[5]. - The basic earnings per share for the period was -¥0.05, showing a negative performance[6]. - The company reported a net loss of RMB 239,474,461.37, worsening from a loss of RMB 221,738,650.38 in the previous period[16]. - Other comprehensive income for Q1 2023 was a loss of ¥6,112,189.53, compared to a gain of ¥8,738,171.99 in Q1 2022[18]. - The company reported a total comprehensive income of -¥23,846,135.61 for Q1 2023, compared to ¥17,792,063.68 in Q1 2022[19]. Cash Flow - The net cash flow from operating activities was -¥7,049,031.59, reflecting a decline in cash inflow[5]. - Cash inflow from operating activities in Q1 2023 was ¥90,480,153.77, down 27.4% from ¥124,530,659.18 in Q1 2022[20]. - Total cash outflow from operating activities amounted to $97,529,185.36, down from $122,663,821.42 year-over-year[21]. - The net cash flow from investment activities was -$942,745.48, slightly worse than -$911,311.53 in the previous year[21]. - The net cash flow from financing activities was -$15,208,476.44, compared to -$14,143,030.19 in the previous year[21]. - The cash and cash equivalents at the end of the period were $21,893,691.15, a decrease from $22,534,745.36 in the previous year[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,405,130,443.76, down 2.17% from the previous year[6]. - The total liabilities decreased to RMB 721,299,913.58 from RMB 728,603,139.25, reflecting a decline of about 1%[16]. - The equity attributable to shareholders decreased to RMB 683,725,850.25 from RMB 707,573,850.77, a decrease of approximately 3.4%[16]. - Total current liabilities decreased to RMB 587,486,926.62 from RMB 593,446,000.63, a reduction of approximately 1%[16]. Research and Development - The company's R&D expenses increased by 241.77%, attributed to the development of new wine products[8]. - Research and development expenses increased to ¥2,862,970.15 in Q1 2023, up 241.5% from ¥837,691.15 in Q1 2022[17]. - The company has ongoing research and development efforts for new products, although specific details were not disclosed in the report[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 19,021[10]. - The top shareholder, Shenzhen Shiqian Investment Development Co., Ltd., held 19.97% of the shares, totaling 66,439,600 shares[10]. Future Outlook - Future outlook includes potential market expansion strategies, but no specific figures or timelines were provided[13]. - The company plans to focus on market expansion and new product development to improve future performance[17].