WXLH(SZ:300694)2021-04-28 16:00Revenue and Profit - The company's revenue for Q1 2021 was ¥339,071,251.19, representing a 27.07% increase compared to ¥266,839,327.41 in the same period last year[8] - Net profit attributable to shareholders decreased by 66.61% to ¥12,094,002.59 from ¥36,221,003.26 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥10,494,735.77, down 64.95% from ¥29,939,008.64 in the previous year[8] - Basic and diluted earnings per share fell by 64.71% to ¥0.06 from ¥0.17 year-on-year[8] - The company reported a total profit of CNY 14,170,868.00 for Q1 2021, down from CNY 40,973,951.90 year-over-year, indicating a decrease of 65.4%[44] - Other income for Q1 2021 was CNY 1,959,456.02, significantly lower than CNY 6,823,328.08 in the previous year[44] Cash Flow and Liquidity - The net cash flow from operating activities was ¥42,570,659.01, a decrease of 30.51% compared to ¥61,259,654.75 in the same period last year[8] - The cash inflow from sales of goods and services was CNY 339,618,132.50, an increase from CNY 310,921,751.32 in the previous period[51] - The cash outflow for purchasing goods and services was CNY 202,058,328.91, compared to CNY 171,580,336.20 in the previous period, reflecting an increase of about 17.7%[52] - The cash inflow from financing activities was CNY 158,309,225.00, up from CNY 127,035,030.00, representing an increase of approximately 24.6%[53] - The cash and cash equivalents at the end of the period totaled CNY 58,465,562.86, down from CNY 116,603,870.27 in the previous period[53] - The company reported a net increase in cash and cash equivalents of CNY 29,380,898.82, compared to CNY 70,990,423.20 in the previous period[53] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,995,436,523.34, an increase of 4.75% from ¥1,904,949,793.26 at the end of the previous year[8] - The total liabilities increased to CNY 753,848,634.28 from CNY 656,416,737.32, reflecting a rise in short-term borrowings and accounts payable[36] - The company reported a total current liability of CNY 719,318,332.47, an increase from CNY 620,595,859.68, primarily due to higher short-term borrowings[36] - The company's non-current liabilities totaled CNY 34,530,301.81, slightly down from CNY 35,820,877.64, suggesting stable long-term financial management[36] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 19,308[12] - The largest shareholder, Wuxi Lihu Zhizhen Investment Co., Ltd., held 34.75% of the shares, amounting to 74,814,280 shares[12] Investment and Projects - The company has invested CNY 18,031.34 million in the project to produce 6 million automotive turbocharger compressor housings, achieving 100% of the planned investment[25] - The R&D center construction project has only utilized 24.55% of its planned investment, with CNY 847.14 million spent to date[25] - The company plans to improve investment efficiency and the effectiveness of raised fund usage due to changes in market conditions affecting project feasibility[25] - The company has ongoing construction projects with capitalized costs of CNY 136,391,197.88, up from CNY 107,307,445.04, indicating expansion efforts[35] Operating Costs and Expenses - The company's operating costs increased by 41.11% year-on-year, driven by the growth in production and sales scale[18] - Financial expenses surged by 201.21% year-on-year, mainly due to an increase in exchange losses[18] - Research and development expenses increased to CNY 12,647,743.97 from CNY 11,131,066.96, reflecting a growth of 13.7%[44] - Operating costs for Q1 2021 were CNY 152,747,030.96, up from CNY 107,232,354.79 year-over-year[47] Challenges and Market Conditions - The company anticipates challenges in meeting production capacity and market demand due to the impact of COVID-19 and macroeconomic fluctuations[25] - The company did not report any significant changes in major customers or suppliers during the reporting period[21]