WMM(SZ:002149)2021-04-29 16:00Financial Performance - The company's operating revenue for Q1 2021 was ¥459,527,702.74, representing a 48.53% increase compared to ¥309,375,066.20 in the same period last year[9]. - The net profit attributable to shareholders for Q1 2021 was ¥30,737,290.24, a significant turnaround from a loss of ¥14,231,050.32 in the previous year, marking a 315.99% increase[9]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥27,009,550.78, compared to a loss of ¥17,811,885.89 last year, reflecting a 251.64% improvement[9]. - The basic earnings per share for Q1 2021 was ¥0.0630, compared to a loss of ¥0.0335 in the same period last year, an increase of 287.94%[9]. - The net profit for the current period was ¥36,239,305.11, reflecting a significant increase of 253.18% from a net loss of ¥23,657,505.07 in the previous period[19]. - The operating profit surged to ¥43,105,624.78, a remarkable increase of 255.54% compared to the previous period's loss of ¥27,714,217.79[19]. - The total profit for the current period is CNY 43,138,324.16, compared to a total loss of CNY 27,732,328.13 in the previous period[55]. - The comprehensive income attributable to the parent company's owners is CNY 28,967,337.44, compared to a loss of CNY -15,789,809.83 in the previous period[57]. - The total comprehensive income for the current period is CNY 34,605,767.50, compared to a loss of CNY -25,371,548.11 in the previous period[57]. Cash Flow and Liquidity - The net cash flow from operating activities improved to -¥37,343,327.66, a 74.64% reduction in losses compared to -¥147,266,967.83 in the previous year[9]. - Cash flow from operating activities improved to -¥37,343,327.66, a 74.64% reduction in outflow from -¥147,266,967.83 in the previous period, mainly due to increased sales collections[19]. - Total cash inflow from operating activities amounted to 294,572,767.05, while cash outflow was 331,916,094.71, resulting in a net cash flow of -37,343,327.66[65]. - Cash and cash equivalents decreased by 54.67% to ¥501,597,698.32, primarily due to the use of raised funds for repaying loans[19]. - Cash and cash equivalents at the end of the period were 393,525,522.27, down from 980,342,688.56 at the beginning of the period, showing a significant decrease in liquidity[66]. - The company reported a cash outflow of 956,922,015.70 from financing activities, compared to 365,882,862.57 in the previous period, indicating increased financing costs[67]. - The total cash inflow from financing activities was 435,000,000.00, while cash outflow was 956,922,015.70, leading to a net cash flow of -521,922,015.70[67]. Assets and Liabilities - Total assets at the end of the reporting period were ¥5,231,893,343.81, a decrease of 6.40% from ¥5,589,338,784.49 at the end of the previous year[9]. - The company's total assets increased, with other non-current assets rising by 37.17% to ¥63,555,664.16, driven by prepayments for equipment and project costs[19]. - Current assets total approximately 3.36 billion yuan, down from 3.73 billion yuan in the previous period[40]. - Total liabilities amount to approximately 2.30 billion yuan, down from 2.65 billion yuan, reflecting a reduction in financial obligations[44]. - Total liabilities decreased from CNY 1,332,566,117.31 to CNY 854,975,729.47, reflecting a decrease of approximately 35.7%[50]. - The company's total equity attributable to shareholders is approximately 2.59 billion yuan, slightly up from 2.58 billion yuan[46]. Research and Development - Research and development expenses rose by 78.63% to ¥25,535,897.33, reflecting enhanced investment in aerospace, naval, and nuclear power sectors[19]. - Research and development expenses increased to CNY 1,455,799.51 from CNY 688,601.31, reflecting a growth of 111%[58]. Ownership and Investments - The company received government subsidies amounting to ¥6,482,878.21 during the reporting period[10]. - The ownership stake in Western Titanium Industry has increased from 66% to 88.3%, indicating a strategic move to enhance control over key assets[34]. - The company reported a 148.27% increase in investment income, amounting to ¥3,664,325.93, attributed to new equity method investments in joint ventures[19]. Other Financial Metrics - The weighted average return on net assets for Q1 2021 was 1.19%, compared to -0.80% in the same period last year, an increase of 1.99%[9]. - The company's tax expenses increased by 269.31% to ¥6,899,019.05, correlating with the rise in military product revenues[19]. - The company incurred investment cash outflows of 111,246,682.37, compared to 41,346,903.80 in the previous period, indicating increased capital expenditures[72]. - The company reported a financial asset impairment loss of CNY -2,459,629.53, slightly improved from CNY -2,477,447.71 in the previous period[60]. Audit and Reporting - The first quarter report for 2021 was not audited[85].