Wj Energy(SZ:002700)2022-04-29 16:00Revenue and Profitability - Revenue for Q1 2022 was CNY 163,576,010.58, an increase of 13.44% compared to CNY 144,198,213.21 in the same period last year[2] - Net profit attributable to shareholders decreased by 28.64% to CNY 14,884,956.15 from CNY 20,859,132.10 year-on-year[2] - Basic earnings per share decreased by 28.74% to CNY 0.0352 from CNY 0.0494 in the same period last year[2] - Net profit for the current period was ¥12,658,239.87, a decrease of 33.5% from ¥19,090,370.42 in the previous period[20] - Operating profit decreased to ¥16,078,956.71, down 31.5% from ¥23,400,605.38 in the prior period[20] - Total comprehensive income for the current period was ¥12,658,239.87, a decrease from ¥19,090,370.42 in the prior period[21] Cash Flow and Operating Activities - Net cash flow from operating activities was negative CNY 6,701,603.80, a decline of 172.14% compared to positive CNY 9,289,480.16 in the previous year[2] - Cash flow from operating activities showed a net outflow of ¥6,701,603.80, compared to a net inflow of ¥9,289,480.16 in the previous period[24] - The company experienced a significant increase in cash outflows related to operating activities, totaling ¥189,178,171.39, compared to ¥126,663,703.92 in the previous period[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 850,861,050.12, a slight increase of 0.06% from CNY 850,363,223.52 at the end of the previous year[2] - The total assets of Xinjiang Haoyuan Natural Gas Co., Ltd. as of March 31, 2022, amounted to CNY 850,861,050.12, showing a slight increase from CNY 850,363,223.52 at the beginning of the year[14] - The company's current assets totaled CNY 316,970,539.13, compared to CNY 313,599,046.58 at the start of the year, indicating a growth of approximately 1.2%[16] - The total liabilities decreased from CNY 228,060,515.81 to CNY 215,161,487.21, reflecting a reduction of about 5.5%[17] Shareholder Equity - Shareholders' equity attributable to shareholders increased by 2.49% to CNY 643,187,821.66 from CNY 627,564,250.19 at the end of the previous year[2] - The company's equity attributable to shareholders increased from CNY 627,564,250.19 to CNY 643,187,821.66, representing a growth of approximately 2.5%[18] Operating Costs and Expenses - Operating costs rose by 30.94% to CNY 13,206.23 million due to increased natural gas procurement costs[5] - Total operating costs increased to ¥147,243,568.18, up 22.3% from ¥120,396,232.58 in the prior period[19] - Sales expenses decreased by 48.59% to CNY 520.21 million as labor costs were reclassified into operating costs[5] - Research and development expenses amounted to ¥928,906.66, indicating ongoing investment in innovation[19] Accounts Receivable and Inventory - Accounts receivable rose to CNY 27,452,455.87 from CNY 20,150,168.32, marking an increase of about 36.0%[16] - The inventory balance increased slightly from CNY 32,601,026.22 to CNY 33,686,889.56, which is an increase of approximately 3.3%[16] Legal Matters - The company reported a significant outstanding balance of CNY 513,860,160.00 in funds occupied by controlling shareholders and their affiliates, which has not been repaid as of the report date[12] - The company has initiated legal proceedings against its controlling shareholders regarding the non-repayment of occupied funds[12] Cash and Other Current Assets - The cash and cash equivalents decreased from CNY 200,394,071.68 to CNY 177,509,006.36, a decline of approximately 11.4%[15] - The company has a total of 10,542,557.29 in other current assets, up from 9,691,073.86, indicating an increase of about 8.8%[16]