WMM(SZ:002149)2019-04-23 16:00Financial Performance - The company's operating revenue for Q1 2019 was ¥322,316,930.82, representing a 17.05% increase compared to ¥275,361,534.40 in the same period last year[9]. - Net profit attributable to shareholders was ¥1,373,324.35, a significant increase of 39.05% from ¥987,644.03 year-on-year[9]. - Basic earnings per share increased to ¥0.0032, up 39.13% from ¥0.0023 in the same period last year[9]. - Net profit increased by 181.69% to ¥2,556,882.86, driven by higher sales revenue and improved product gross margins[22]. - Operating profit rose by 176.99% to ¥3,170,241.07, attributed to increased sales and product structure adjustments[22]. - The company's total profit increased by 249.38% to ¥4,371,976.08, indicating strong operational performance[22]. - The company reported a decrease in other income to ¥526,696.14 from ¥4,481,696.14, a decline of 88.3%[62]. - The net profit for the current period is ¥363,616.76, a decrease of 99.0% from ¥36,123,449.34 in the previous period[66]. Cash Flow - The net cash flow from operating activities was -¥60,087,412.72, showing a decline of 222.51% compared to -¥18,630,913.89 in the previous year[9]. - The net cash flow from operating activities is negative at -¥60,087,412.72, compared to -¥18,630,913.89 in the previous period, indicating worsening cash flow[72]. - The net cash flow from operating activities was -9,159,119.55, compared to -360,301,974.03 in the previous period, indicating a significant improvement[77]. - Cash outflow for operating activities totaled 20,074,122.16, significantly lower than 385,409,911.37 in the previous period[77]. - The company reported a cash inflow from operating activities of 10,915,002.61, down from 25,107,937.34 in the previous period[77]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,120,677,632.66, reflecting a 6.41% increase from ¥3,872,349,599.20 at the end of the previous year[9]. - Total current assets increased to ¥2,346,392,373.96 as of March 31, 2019, up from ¥2,114,019,197.01 on December 31, 2018, representing a growth of approximately 11%[35]. - Total liabilities increased to ¥2,000,677,628.60 from ¥1,756,862,610.27, representing a rise of about 14%[41]. - Total assets reached ¥2,783,365,750.71, up from ¥2,530,322,983.35, indicating a growth of 9.96%[54]. - Current liabilities totaled ¥870,524,932.69, compared to ¥667,319,085.95, an increase of 30.5%[51]. - Total liabilities stood at approximately $1.76 billion, with a minor decrease of $5,480.78[84]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,308[12]. - The largest shareholder, Northwest Nonferrous Metal Research Institute, held 28.89% of the shares, totaling 122,909,988 shares[12]. - The company did not engage in any repurchase transactions among the top 10 ordinary shareholders during the reporting period[15]. Investments and Expenses - Long-term equity investments surged by 994.32% to ¥17,509,150.00 due to new investments in Xi'an Hantang Analysis Testing Co., Ltd.[18]. - Research and development expenses increased to ¥3,991,436.99, compared to ¥1,215,341.02, marking a rise of 228.5%[55]. - The company reported a significant increase in interest income to ¥12,000,281.48 from ¥11,859,561.30, reflecting a growth of 1.2%[62]. Changes in Financial Standards - The company has implemented new financial accounting standards effective from January 1, 2019, impacting the classification of certain investments[89]. - The company has implemented new financial instrument standards and new lease standards, with retrospective adjustments to prior comparative data not applicable[94]. Miscellaneous - The first quarter report of the company is unaudited[95].