WPG(SH:603956)2019-04-28 16:00Financial Performance - Operating revenue for the period was CNY 74,296,027.75, representing a 14.6% increase year-on-year[6] - Net loss attributable to shareholders was CNY 24,465,421.81, a 10.38% improvement compared to the previous year[6] - Basic and diluted earnings per share improved by 14.29% to CNY -0.06 compared to the previous year[6] - Total revenue for Q1 2019 was CNY 74,296,027.75, an increase of 14.8% compared to CNY 64,829,127.48 in Q1 2018[26] - Net loss for Q1 2019 was CNY 24,482,653.00, an improvement from a net loss of CNY 27,177,338.47 in Q1 2018[27] - The total comprehensive loss attributable to the parent company was ¥24,465,421.81, compared to a loss of ¥27,297,563.01 in the same period last year[28] - The company recorded a gross profit of ¥44,346,027.88, with a gross margin of approximately 62.2%[29] Assets and Liabilities - Total assets increased by 14.38% to CNY 1,213,912,423.35 compared to the end of the previous year[6] - Total assets increased to CNY 1,120,505,340.51 as of March 31, 2019, from CNY 951,614,963.09 at the end of 2018[25] - Total liabilities decreased to CNY 189,544,777.81 from CNY 216,653,940.99, indicating improved financial stability[20] - Total liabilities decreased to CNY 181,140,407.39 in Q1 2019, down from CNY 204,598,354.97 in Q4 2018[24] - Owner's equity increased to CNY 939,364,933.12 as of March 31, 2019, compared to CNY 747,016,608.12 at the end of 2018[25] Cash Flow - Cash flow from operating activities improved by 33.25%, with a net outflow of CNY 41,271,904.29[6] - Net cash flow from operating activities improved by 33.25%, with a net outflow of ¥41,271,904.29 compared to ¥61,831,257.26 in the previous period, attributed to better customer payment collection[15] - The net cash flow from operating activities was -¥21,901,374.06, an improvement from -¥30,264,700.69 in the same period last year[37] - The company reported a net cash inflow from financing activities of ¥214,436,121.21, compared to a net outflow of -¥2,062,629.42 in Q1 2018[37] - The total cash and cash equivalents at the end of Q1 2019 reached ¥377,107,975.64, significantly up from ¥138,108,601.71 at the end of Q1 2018[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,848[9] - The largest shareholder, Li Jixi, holds 58.36% of the shares, totaling 248,577,000 shares[10] Research and Development - Research and development expenses increased by 50.77% to ¥13,137,931.77 from ¥8,714,102.72, reflecting the company's commitment to enhancing R&D investment[13] - Research and development expenses increased to CNY 13,137,931.77 in Q1 2019, up 50.5% from CNY 8,714,102.72 in Q1 2018[26] Other Income and Expenses - Government subsidies recognized in the period amounted to CNY 776,574.87[8] - Non-recurring gains and losses totaled CNY 658,216.49 for the period[8] - Other income surged by 548.60% to ¥3,872,933.27 from ¥597,122.48, primarily due to increased software product tax refunds[13] - Selling expenses decreased slightly to ¥27,677,237.25 from ¥28,636,110.45 in Q1 2018, indicating a 3.4% reduction[29]