WGQ(SH:900912)2021-04-28 16:00Financial Performance - Operating revenue increased by 24.99% to CNY 2.16 billion year-on-year[5] - Net profit attributable to shareholders increased by 341.03% to CNY 290.96 million compared to the same period last year[5] - Basic earnings per share rose by 222.22% to CNY 0.29 per share[7] - The company reported a significant increase in net profit, indicating strong operational performance and effective cost management strategies[5] - Total operating revenue for Q1 2021 reached CNY 2,194,286,661.81, a 26.2% increase from CNY 1,739,762,032.18 in Q1 2020[21] - Net profit for Q1 2021 was CNY 335,981,312.71, up 196.5% from CNY 113,241,098.82 in Q1 2020[22] - Operating profit for Q1 2021 was CNY 408,757,687.94, compared to CNY 183,743,026.82 in Q1 2020, reflecting a significant improvement[22] - Comprehensive income for Q1 2021 totaled CNY 335,904,944.08, compared to CNY 113,476,928.73 in Q1 2020, showing strong overall performance[23] Cash Flow - Net cash flow from operating activities decreased by 620.54% to CNY -1.67 billion compared to the previous year[5] - Cash inflows from operating activities totaled CNY 4,216,515,590.65, a significant increase of 60.5% compared to CNY 2,626,403,280.58 in Q1 2020[26] - The net cash flow from operating activities was negative at CNY -1,668,088,301.86, contrasting with a positive net cash flow of CNY 320,452,015.32 in the same period last year[26] - The company reported a net cash outflow of CNY -1,996,570,853.36 for the quarter, compared to a net increase of CNY 73,279,587.27 in Q1 2020[27] - The company experienced a cash outflow from investing activities of CNY -25,793,768.88, an improvement from CNY -65,728,142.53 in Q1 2020[27] - Cash inflows from financing activities totaled CNY 2,455,660,917.50, down 32% from CNY 3,613,590,594.65 in Q1 2020[27] - The net cash flow from financing activities was negative at CNY -305,311,160.34, compared to CNY -184,337,856.46 in the previous year[27] Assets and Liabilities - Total assets decreased by 3.49% to CNY 37.92 billion compared to the end of the previous year[5] - Total liabilities decreased from ¥28,060,354,014.53 to ¥26,328,730,358.58, a decline of about 6.2%[17] - Current liabilities decreased from ¥18,676,749,710.02 to ¥15,429,254,715.65, a reduction of about 17.9%[17] - Non-current liabilities increased from ¥9,383,604,304.51 to ¥10,899,475,642.93, an increase of approximately 16.1%[17] - Owner's equity increased from ¥11,235,816,588.24 to ¥11,595,043,835.57, an increase of approximately 3.2%[17] - Cash and cash equivalents decreased from ¥3,631,366,353.12 to ¥2,628,052,805.00, a decline of about 27.6%[19] - Accounts receivable increased by 30.39% to RMB 589.36 million, driven by growth in real estate and import-export trade receivables[13] - Long-term borrowings increased by 46.90% to RMB 473.29 million, primarily due to new medium to long-term loans from banks[13] Income and Expenses - Interest income increased by 179.27% to RMB 35.83 million, primarily due to higher borrowing from other financial institutions[12] - Interest expenses rose by 82.76% to RMB 5.97 million, mainly from increased interest payments on deposits from affiliated companies[12] - Tax and surcharges increased by 182.43% to RMB 203.79 million, attributed to a larger scale of property transfer business compared to the same period last year[12] - Investment income reached RMB 23.23 million, a significant recovery from a loss of RMB 2.08 million in the previous year[12] - Other income decreased by 58.23% to RMB 18.18 million, mainly due to a reduction in government subsidies compared to the previous year[12] - Total operating costs for Q1 2021 were CNY 1,828,464,789.92, an increase from CNY 1,607,849,530.53 in Q1 2020[21] - Research and development expenses for Q1 2021 were CNY 2,242,477.40, compared to CNY 1,933,108.28 in Q1 2020, indicating increased investment in innovation[21] Shareholder Information - The total number of shareholders reached 60,865 by the end of the reporting period[11] - The largest shareholder, Shanghai Waigaoqiao Asset Management Co., Ltd., holds 53.03% of the shares[11] Market Strategy - The company is focusing on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[34]