WLGF(SH:603779)2024-04-22 11:15Financial Performance - The company's operating revenue for Q1 2024 reached ¥136,192,892.63, representing a year-on-year increase of 114.89%[5] - Net profit attributable to shareholders was ¥18,467,062.86, with a basic earnings per share of ¥0.06[5] - Operating profit for Q1 2024 was ¥25,948,893.67, recovering from a loss of ¥18,210,071.05 in Q1 2023[18] - Net profit for Q1 2024 was ¥18,467,062.92, compared to a net loss of ¥17,733,946.08 in the same period last year[18] - The company reported a comprehensive income total of ¥6,830,806.47 for Q1 2024, recovering from a loss of ¥23,846,135.61 in Q1 2023[18] - The company incurred total operating costs of ¥109,416,320.71 in Q1 2024, up from ¥82,928,963.92 in Q1 2023[17] - Basic and diluted earnings per share for Q1 2024 were both ¥0.06, compared to a loss of ¥0.05 per share in Q1 2023[18] - The company reported a tax expense of ¥7,544,048.10 for Q1 2024, compared to a tax benefit of ¥1,615,731.51 in Q1 2023[18] - Other comprehensive income after tax for Q1 2024 was -¥11,636,256.45, compared to -¥6,112,189.53 in Q1 2023[18] Cash Flow and Liquidity - The net cash flow from operating activities was -¥11,288,254.19, reflecting a decrease of 60.14% compared to the previous year[5] - Cash flow from operating activities showed a net outflow of ¥11,288,254.19 in Q1 2024, worsening from a net outflow of ¥7,049,031.59 in Q1 2023[21] - The company reported a net cash flow from investing activities of -630,660.23 thousand, compared to -942,745.48 thousand in Q1 2023, indicating an improvement[22] - The net cash flow from financing activities was 42,850,837.76 thousand, a turnaround from -15,208,476.44 thousand in Q1 2023, showing a positive shift in financial health[22] - The company's cash and cash equivalents increased by 30,893,773.93 thousand in Q1 2024, contrasting with a decrease of -23,321,386.28 thousand in Q1 2023[22] - The ending balance of cash and cash equivalents reached 41,334,467.14 thousand, compared to 21,893,691.15 thousand at the end of Q1 2023, indicating strong liquidity[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,160,284,886.1, an increase of 1.08% from the end of the previous year[7] - Current assets totaled CNY 568,266,261.71, compared to CNY 530,738,536.34 in the previous period, reflecting an increase of approximately 7.06%[15] - The company's total equity attributable to shareholders was CNY 566,438,166.67, up from CNY 559,607,360.26, indicating a growth of approximately 1.5%[16] - Total liabilities increased to CNY 593,686,513.00 from CNY 588,063,437.68, reflecting a slight rise of about 1.1%[16] - Short-term borrowings rose to CNY 224,300,000.00 from CNY 156,300,000.00, marking an increase of approximately 43.5%[16] - The company reported a decrease in other payables from CNY 96,951,780.99 to CNY 71,639,474.33, a reduction of about 26.1%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,512[10] - The top shareholder, Shandong Jiuhuo Yuntou Technology Development Co., Ltd., holds 18.80% of the shares[11] - The company has not reported any significant changes in shareholder structure or financing activities during the reporting period[13] Research and Development - The company's research and development expenses decreased by 68.54% due to reduced spending on new product development[9] Government Support - The company received government subsidies amounting to ¥463,280.78, contributing to other income[8] Reporting and Governance - The report was issued by the board of directors on April 22, 2024, under the leadership of Zhu Qiuhong and Zhang Peng[22]