WG Tech(SH:603773)2024-04-19 08:41Financial Performance - The company's operating revenue for Q1 2024 was CNY 525,398,174.46, representing a 52.02% increase compared to CNY 346,473,322.56 in the same period last year[10]. - The net profit attributable to shareholders of the listed company was a loss of CNY 5,420,215.19, a decrease of 609.68% from a profit of CNY 1,063,455.83 in the previous year[10]. - Total revenue for Q1 2024 reached ¥525.40 million, a significant increase of 52.1% compared to ¥345.60 million in Q1 2023[40]. - Operating profit for Q1 2024 was ¥8.42 million, down 30.8% from ¥12.20 million in Q1 2023[40]. - The net profit for Q1 2024 was CNY 5,296,804.63, a decrease of 32.3% compared to CNY 7,822,807.39 in Q1 2023[55]. - The total comprehensive income for Q1 2024 was CNY 5,317,856.72, down from CNY 7,339,458.31 in Q1 2023, indicating a decrease of about 27.6%[55]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,973,752,526.09, an increase of 4.14% from CNY 3,815,744,220.43 at the end of the previous year[5]. - The total liabilities rose to CNY 2,427,755,011.12 from CNY 2,277,099,848.26, indicating an increase of about 6.6%[51]. - The company's long-term borrowings increased to CNY 484,800,000.00 from CNY 424,800,000.00, reflecting a growth of 14.1%[51]. - The total non-current assets amounted to CNY 2,022,788,013.73, up from CNY 1,899,096,875.67, marking an increase of approximately 6.5%[51]. - The company's equity attributable to shareholders decreased to CNY 1,372,398,074.37 from CNY 1,375,883,271.30, a slight decline of 0.3%[51]. Cash Flow - Cash flow from operating activities increased by 49.03%, driven by higher sales collections[16]. - Net cash flow from operating activities improved to ¥127.70 million, compared to ¥85.69 million in Q1 2023, reflecting a growth of 48.9%[43]. - Cash inflow from financing activities increased to ¥400.29 million, compared to ¥270.74 million in Q1 2023, marking a growth of 47.8%[43]. - Cash and cash equivalents at the end of Q1 2024 were ¥671.62 million, up from ¥333.54 million at the end of Q1 2023, indicating a significant increase of 101.4%[43]. Investment and R&D - The company reported a significant increase in investment income of 591.58%, primarily due to the acquisition of Hubei Tongge Microcircuit Technology Co., Ltd.[16]. - Research and development expenses increased by 52.43%, reflecting the company's commitment to enhancing its R&D capabilities[16]. - Research and development expenses increased to ¥25.93 million, up 52.3% from ¥17.01 million in Q1 2023[40]. - The company acquired equity in Hubei Tongge Microcircuit Technology Co., Ltd., which impacted long-term equity investments, decreasing by 36.07%[16]. - The company reported a net investment loss of ¥783.10 thousand in Q1 2024, a recovery from a loss of ¥159.30 thousand in Q1 2023[40]. - Cash inflow from investment activities was ¥3.42 million, a decrease from ¥62.95 million in Q1 2023[43]. Government Subsidies and Other Income - The company received government subsidies, leading to a 55.85% increase in other income[16]. - Government subsidies recognized in the current period, closely related to normal business operations, totaled ¥4,298,443.61[23]. - Other non-operating income and expenses, excluding the aforementioned items, were ¥94,447.85[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 16,047[26]. - The largest shareholder, Yi Weihua, holds 34.11% of the shares, totaling 58,460,231 shares[26]. - The second-largest shareholder, New Yu City Wo De Investment Partnership, holds 4.37% of the shares, totaling 7,493,460 shares[26]. Regulatory and Compliance - The company is under regulatory scrutiny due to non-compliance in accounting treatment related to financing trade business, but the impact on financial statements was deemed immaterial[12]. - The company did not identify any significant non-recurring gains and losses not listed in the relevant announcement[24].