WLY(SZ:002434)2022-04-26 16:00Financial Performance - The company's revenue for Q1 2022 was ¥1,266,145,601.99, a decrease of 6.53% compared to ¥1,354,584,762.87 in the same period last year[3] - Net profit attributable to shareholders was ¥94,349,524.34, down 44.67% from ¥170,511,276.06 year-on-year[3] - Total operating revenue for the first quarter was CNY 1,266,145,601.99, a decrease of 6.5% compared to CNY 1,354,584,762.87 in the previous year[32] - Net profit for the period was CNY 96,608,155.60, down 43.8% from CNY 171,684,147.11 in the same period last year[35] - Earnings per share (EPS) decreased to CNY 0.07 from CNY 0.13, indicating a decline of 46.2%[35] - The company reported a total comprehensive income of CNY 96,608,155.60, down from CNY 171,684,147.11 year-over-year[35] Cash Flow - The net cash flow from operating activities decreased by 18.16% to ¥208,850,621.19 from ¥255,202,182.10 in the previous year[3] - Cash inflow from operating activities totaled ¥1,171,629,496.66, down 23.9% from ¥1,542,460,612.70 in the previous period[39] - Cash outflow from operating activities was ¥962,778,875.47, a decrease of 25.3% compared to ¥1,287,258,430.60 in the previous period[39] - The net cash flow from investing activities was -¥173,032,500, compared to -¥64,533,800 in the previous year, mainly due to cash payments for acquisitions[10] - The net cash flow from investing activities is -¥173,032,532.13, compared to -¥64,533,756.01 in the previous period, indicating increased investment outflows[42] - Cash inflow from financing activities amounted to ¥830,191,356.09, an increase of 31.7% from ¥630,000,000.00 in the previous period[42] - The cash and cash equivalents at the end of the period are ¥474,651,153.89, down 47.8% from ¥907,490,986.96 at the end of the previous period[42] Assets and Liabilities - The company's total assets increased by 0.87% to ¥10,089,577,168.25 compared to ¥10,002,630,392.00 at the end of the previous year[3] - The company's total liabilities amounted to CNY 4,683,455,305.50, slightly up from CNY 4,658,151,517.22[28] - Total equity attributable to shareholders of the parent company increased to CNY 5,393,984,396.08 from CNY 5,312,616,445.25, reflecting a growth of 1.5%[28] - Cash and cash equivalents decreased to RMB 723.95 million from RMB 808.79 million[21] - Accounts receivable decreased to RMB 1,403.30 million from RMB 1,549.49 million[21] - Inventory slightly decreased to RMB 924.39 million from RMB 932.87 million[24] - Short-term borrowings decreased to RMB 1,677.32 million from RMB 1,756.19 million[24] - The company’s long-term equity investments decreased to RMB 532.98 million from RMB 552.88 million[24] Investments and Acquisitions - The company reported a significant increase in prepayments, up 292.13%, mainly due to increased advance payments for goods and equipment[7] - Investment income for the period was ¥14,087,700, a turnaround from a loss of ¥13,859,000 in the same period last year, primarily due to the sale of a stake in a subsidiary[7] - The company acquired 51% of Zhejiang Wanjun Energy Technology Co., Ltd. for RMB 110 million, making it a subsidiary[17] - The company increased its stake in Shandong Mengwo Transmission Co., Ltd. to 100% by acquiring an additional 33.88% for RMB 40.2971 million[20] Government Support and Subsidies - The company received government subsidies amounting to ¥30,234,040.30 during the reporting period[6] Research and Development - Research and development expenses for the quarter were CNY 83,481,491.66, a decrease from CNY 86,447,046.79 in the previous year[32] Deferred Income - Deferred income increased to CNY 246,970,037.38 from CNY 178,005,037.43, showing a significant rise of 38.5%[28]