WINGTECH(SH:600745)2024-04-22 11:38Revenue and Profitability - The company's revenue for Q1 2024 was CNY 16,247,232,003.06, representing a 12.62% increase compared to CNY 14,427,197,916.80 in the same period last year[6] - Net profit attributable to shareholders decreased by 68.82% to CNY 143,403,936.06 from CNY 460,357,396.46 year-on-year[6] - In Q1 2024, the company achieved operating revenue of RMB 16.25 billion, a year-on-year increase of 13%[20] - The net profit attributable to shareholders was RMB 140 million, a year-on-year decrease of 69%[20] - The company experienced a decline in gross margin compared to the same period last year, impacting net profit significantly[12] - The total comprehensive income for Q1 2024 is approximately ¥154.50 million, down from ¥376.28 million in Q1 2023, indicating a decrease of about 59.0%[31] Earnings Per Share - The basic and diluted earnings per share fell by 67.57% to CNY 0.12 from CNY 0.37 in the previous year[7] - The basic and diluted earnings per share for Q1 2024 are both ¥0.12, down from ¥0.37 in Q1 2023, representing a decrease of about 67.6%[31] Cash Flow and Assets - Operating cash flow net amount decreased by 88.80% to CNY 195,697,859.23 compared to CNY 1,747,219,850.92 in the same period last year[7] - The net cash flow from operating activities for Q1 2024 is approximately ¥195.70 million, significantly lower than ¥1.75 billion in Q1 2023, showing a decline of about 88.8%[34] - The cash and cash equivalents decreased from RMB 6.21 billion to RMB 5.54 billion[24] - The cash and cash equivalents at the end of Q1 2024 are approximately ¥4.82 billion, down from ¥7.13 billion at the end of Q1 2023, a decrease of about 32.5%[36] - The company reported a decrease in current assets from RMB 29.75 billion to RMB 27.92 billion[24] Assets and Liabilities - Total assets at the end of the reporting period were CNY 75,262,723,403.66, a decrease of 2.22% from CNY 76,967,959,334.19 at the end of the previous year[7] - Total liabilities decreased to ¥37,432,816,769.77 in Q1 2024 from ¥39,302,356,574.53 in Q1 2023[26] - The company's goodwill remained stable at ¥21,696,925,943.32, showing minimal change from ¥21,696,753,108.22 in the previous year[27] Shareholder Information - The total number of common shareholders at the end of the reporting period was 183,445[14] - The largest shareholder, Wenta Technology Group Co., Ltd., holds 12.39% of the shares, with 82,150,000 shares pledged[15] Research and Development - The company continues to invest in R&D, focusing on high-power discrete devices and new products to meet market demand[20] - Research and development expenses for Q1 2024 amounted to ¥749,707,169.93, slightly down from ¥774,563,522.13 in Q1 2023[30] Other Financial Metrics - Non-recurring gains and losses totaled CNY 229,994,641.67 for the period, with significant contributions from government subsidies and asset disposals[11] - The total operating costs for Q1 2024 were ¥16,226,430,065.93, up from ¥13,676,996,437.55 in Q1 2023, reflecting a year-over-year increase of 18.5%[29] - The company reported a significant decrease in financial expenses, totaling ¥63,295,649.99 in Q1 2024 compared to ¥196,169,460.61 in Q1 2023[30] - The cash inflow from the disposal of subsidiaries and other business units in Q1 2024 is approximately ¥1.15 billion, with no comparable figure from Q1 2023[35]