WPG(SH:603956)2023-04-24 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥156,477,153.94, representing a year-on-year increase of 41.52%[5] - The net profit attributable to shareholders was a loss of ¥44,419,420.36, with no applicable percentage change due to the loss[5] - The company reported a decrease in short-term borrowings to RMB 91,174,788.51 from RMB 156,625,017.97, a reduction of about 41.7%[17] - The total comprehensive loss for Q1 2023 was RMB 45,955,933.94, compared to RMB 55,082,614.12 in Q1 2022[21] - The company incurred a financial expense of RMB 4,288,032.63 in Q1 2023, down from RMB 6,216,950.91 in Q1 2022[19] Cash Flow - The net cash flow from operating activities was a negative ¥103,360,145.20, with no applicable percentage change[6] - Cash flow from operating activities showed a net outflow of RMB 103,360,145.20 in Q1 2023, compared to a net outflow of RMB 187,565,246.05 in Q1 2022[24] - The net cash flow from financing activities was -66,701,126.75, compared to 180,323,229.89 in the previous period[25] - The total cash inflow from financing activities was 70,116,708.77, compared to 183,790,000.00 in the previous period[25] - The cash outflow from financing activities was 136,817,835.52, compared to 3,466,770.11 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,291,064,584.24, a decrease of 5.04% from the end of the previous year[6] - The company's current assets totaled RMB 2,084,567,162.94, down from RMB 2,286,591,925.42, indicating a decrease of about 8.8%[16] - Total liabilities decreased to RMB 1,222,009,289.04 from RMB 1,351,582,879.95, a decline of about 9.6%[17] - The company's equity attributable to shareholders decreased to RMB 2,014,210,133.75 from RMB 2,058,629,554.11, reflecting a decrease of approximately 2.2%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,951[13] - Basic and diluted earnings per share were both -¥0.09, reflecting a decrease of 30.77% compared to the previous year[6] - The company reported a basic and diluted earnings per share of -0.09 in Q1 2023, compared to -0.13 in Q1 2022[21] Revenue and Costs - The increase in operating revenue was primarily due to the normal conduct of business activities and a higher number of project deliveries[10] - Total operating costs for Q1 2023 were RMB 231,846,792.70, up 32.1% from RMB 175,582,738.10 in Q1 2022[19] - Other income for Q1 2023 was RMB 11,709,122.99, a substantial increase from RMB 2,126,955.65 in Q1 2022[20] Government Support - The company received government subsidies amounting to ¥11,240,357.05, which contributed to the financial performance[9] Inventory and Receivables - Accounts receivable decreased to RMB 803,011,987.42 from RMB 870,713,726.00, a reduction of about 7.8%[16] - Inventory increased significantly to RMB 313,106,867.68 from RMB 237,765,543.63, marking an increase of approximately 31.7%[16] Research and Development - Research and development expenses increased to RMB 30,233,249.31 in Q1 2023, up 48.0% from RMB 20,418,734.90 in Q1 2022[19] Accounting Standards - The company did not apply new accounting standards for the current year[25]