WPG(SH:603956)2022-04-26 16:00Financial Performance - Operating revenue for Q1 2022 was CNY 110,569,188.37, a decrease of 25.78% compared to the same period last year[4] - Net profit attributable to shareholders was a loss of CNY 54,829,082.71, a decline of 499.65% year-on-year[4] - Basic and diluted earnings per share were both -CNY 0.13, representing a decrease of 533.33%[5] - Total operating revenue for Q1 2022 was ¥110,569,188.37, a decrease of 26% compared to ¥148,971,981.88 in Q1 2021[22] - Net profit for Q1 2022 was a loss of ¥55,082,614.12, compared to a profit of ¥13,554,660.87 in Q1 2021[23] - Operating profit for Q1 2022 was a loss of ¥64,575,791.47, down from a profit of ¥13,456,619.33 in Q1 2021[22] - Total comprehensive income for Q1 2022 was a loss of ¥55,082,614.12, compared to a profit of ¥13,554,660.87 in Q1 2021[23] Cash Flow - Net cash flow from operating activities was -CNY 187,565,246.05, indicating a significant cash outflow[5] - Cash flow from operating activities for Q1 2022 was a net outflow of ¥187,565,246.05, compared to a net outflow of ¥95,235,627.73 in Q1 2021[24] - The net cash flow from investing activities was -$85,655,491.23, compared to -$23,473,403.88 in the previous period, indicating a significant increase in cash outflow for investments[25] - Cash inflow from financing activities totaled $183,790,000.00, a substantial increase from $2,380,000.00 in the prior period, reflecting strong financing efforts[25] - The net cash flow from financing activities was $180,323,229.89, contrasting with a negative cash flow of -$81,933,462.10 in the previous period, showing improved financial health[25] - The ending cash and cash equivalents balance was $245,870,232.87, down from $461,634,684.53, indicating a decrease in liquidity[25] - The initial cash and cash equivalents balance was $338,767,740.26, down from $662,277,178.24, indicating a significant reduction in available cash at the start of the period[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,353,266,054.38, down 1.44% from the end of the previous year[5] - The company’s total liabilities amounted to RMB 1,641,073,872.42, which is an increase from RMB 1,610,000,000.00, indicating a growth of about 1.9%[18] - Total liabilities as of Q1 2022 were ¥1,069,272,764.25, an increase from ¥1,053,695,502.53 in the previous year[22] - Total current liabilities were RMB 694,267,058.66, slightly up from RMB 683,841,712.09, indicating a marginal increase of about 1.9%[18] - The company reported a total non-current asset value of RMB 946,806,813.74, up from RMB 887,936,235.25, marking an increase of about 6.6%[18] Shareholder Information - The company reported a total of 11,204 common shareholders at the end of the reporting period[7] - The largest shareholder, Li Jixi, holds 58.36% of the shares, with 103,387,000 shares pledged[8] Investment and Financing Activities - The company issued 82,474,482 shares at a price of RMB 11.76 per share, raising a total of RMB 969,899,908.32, with a net amount of RMB 959,042,457.88 after expenses[14] - Long-term equity investments increased by 54.92% due to business expansion and acquisitions[6] - The long-term equity investments increased to RMB 217,475,926.29 from RMB 140,377,033.59, showing a growth of approximately 54.9%[18] - Short-term borrowings surged by 293.03%, primarily due to the need for operational funding[6] - The company’s short-term borrowings increased significantly to RMB 239,803,847.90 from RMB 61,013,847.90, reflecting a rise of approximately 292.5%[18] Operational Costs and Expenses - Total operating costs for Q1 2022 were ¥175,582,738.10, up from ¥147,674,000.35 in Q1 2021[22] - Management expenses rose by 50.83%, attributed to increased personnel投入[6] - Inventory levels rose to RMB 187,498,756.92, compared to RMB 147,243,033.62, representing an increase of approximately 27.3%[17] - Cash payments for fixed assets totaled $35,031,039.23, which is higher than $23,981,897.03 in the previous period, reflecting ongoing capital expenditures[25]