WLM(SZ:300591)2023-04-27 16:00Financial Performance - The company's revenue for Q1 2023 was ¥85,214,395.31, a decrease of 30.04% compared to ¥121,806,872.85 in the same period last year[5] - The net loss attributable to shareholders was ¥8,889,388.46, representing a decline of 638.76% from a profit of ¥1,649,975.65 in the previous year[5] - The net cash flow from operating activities was negative at ¥29,775,585.10, worsening by 150.30% compared to a negative cash flow of ¥11,895,768.07 in the same period last year[5] - Basic and diluted earnings per share were both -¥0.0219, a decrease of 538.00% from ¥0.005 in the previous year[5] - The company reported a net loss of CNY 415,501,027.32, worsening from a loss of CNY 406,611,638.86 in the previous period[16] - The total comprehensive loss for the period was CNY 7,623,319.79, compared to a comprehensive income of CNY 2,601,077.99 in the previous year[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥923,665,206.21, down 2.80% from ¥950,268,280.15 at the end of the previous year[5] - Total liabilities decreased to CNY 354,847,879.31 from CNY 373,827,633.46, indicating a decline of 5.08%[16] - The total equity attributable to shareholders decreased to CNY 546,958,188.32 from CNY 555,596,989.16, a decrease of 1.14%[16] Shareholder Information - The company reported a total of 17,497 common shareholders at the end of the reporting period[10] - The largest shareholder, Lin Dayao, holds 15.02% of the shares, amounting to 60,935,700 shares, with 15,000,000 shares pledged[10] Government Support and Other Income - The company received government subsidies amounting to ¥151,272.39 during the reporting period[6] - The company reported investment income of CNY 105,732.43 during the quarter[20] Operational Efficiency and Cost Management - The company plans to continue focusing on cost reduction strategies and improving operational efficiency in the upcoming quarters[17] - The total operating costs amounted to CNY 94,309,696.20, down from CNY 121,120,449.11, indicating a reduction of 22.25%[17] - The total operating expenses increased to CNY 130,586.59 for taxes and CNY 10,089,117.31 for sales expenses, compared to CNY 396,612.61 and CNY 8,160,982.20 respectively in the previous year[18] Cash Flow and Equivalents - The company's operating cash flow net amount was -CNY 29,775,585.10, worsening from -CNY 11,895,768.07 in the prior year[21] - The company’s cash and cash equivalents at the end of the period were CNY 94,226,833.69, down from CNY 428,826,133.82 at the end of the previous year[21] - Cash and cash equivalents at the end of the period were CNY 96,216,399.50, compared to CNY 117,887,394.24 at the beginning of the year[14] Inventory and Receivables - Accounts receivable decreased to CNY 305,425,257.11 from CNY 318,887,781.64, reflecting a decline of 4.61%[15] - Inventory increased slightly to CNY 109,870,253.61 from CNY 107,360,042.62, showing a growth of 2.34%[15] Research and Development - The company incurred R&D expenses of CNY 5,665,745.08, slightly down from CNY 5,698,203.14 year-over-year[18]