WJP(SZ:301117)2024-04-22 13:27Financial Performance - The company's revenue for Q1 2024 was ¥16,303,006.10, a decrease of 67.84% compared to ¥50,688,817.05 in the same period last year[5] - The net loss attributable to shareholders was ¥15,805,349.87, representing a decline of 288.85% from a profit of ¥8,369,424.33 in the previous year[5] - Basic and diluted earnings per share were both -¥0.17, a decrease of 288.89% from ¥0.09 in the same period last year[5] - Net loss for Q1 2024 was ¥16,208,018.34, compared to a net profit of ¥8,371,610.50 in Q1 2023[25] - Total operating revenue for Q1 2024 was ¥16,303,006.10, a decrease of 67.8% compared to ¥50,688,817.05 in the same period last year[24] - Total operating costs for Q1 2024 were ¥37,646,335.81, down 16.1% from ¥44,893,699.73 year-over-year[24] - The company’s weighted average return on equity was -1.22%, a decrease of 1.85% from 0.63% in the previous year[5] Cash Flow - The net cash flow from operating activities was negative at ¥32,357,041.59, worsening by 26.20% compared to the previous year's negative cash flow of ¥25,639,647.68[5] - Cash inflow from operating activities increased to $52,976,305.82 from $45,183,429.77, representing a growth of approximately 16.3% year-over-year[28] - Cash outflow from operating activities rose to $85,333,347.41 compared to $70,823,077.45, an increase of about 20.5% year-over-year[28] - The net increase in cash and cash equivalents was -$62,694,615.37, worsening from -$30,617,429.59 in the previous period[29] - The ending balance of cash and cash equivalents was $491,382,239.48, down from $693,475,603.38[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,402,111,310.90, down 1.51% from ¥1,423,596,090.48 at the end of the previous year[5] - Total liabilities decreased to ¥108,328,639.42 from ¥115,328,365.09, a reduction of 6.9%[22] - Non-current assets increased to ¥187,005,688.00 from ¥164,487,228.75, marking a growth of 13.6%[22] - Accounts receivable decreased from ¥259,784,045.78 to ¥233,072,760.31, a reduction of about 10.3%[20] - Inventory increased from ¥392,312,238.32 to ¥434,500,706.35, an increase of approximately 10.7%[20] Investment Activities - The company reported a significant increase in investment activity, with net cash outflow from investing activities at -¥26,749,936.80, a 532.01% increase from -¥4,232,550.51 in the previous year[12] - Research and development expenses for Q1 2024 were ¥14,000,612.82, an increase of 15.8% from ¥12,094,151.99 in Q1 2023[24] - The company reported a significant increase in credit impairment losses, amounting to ¥2,459,079.91 compared to ¥336,131.94 in the previous year[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 10,710[14] - The largest shareholder, Wang Jin, holds 37.68% of the shares, totaling 34,765,500 shares[14] - The total number of shares held by the top ten shareholders accounts for a significant portion of the company's equity, with the top three shareholders alone holding over 51%[15] - The company has a total of 49,735,307 restricted shares, with 3,290,551 shares released during the period[18] Strategic Outlook - The company plans to maintain its market expansion strategy, focusing on new product development and technological advancements[15] - The company has not disclosed any significant mergers or acquisitions during this reporting period[15] Other Financial Information - The company received government subsidies amounting to ¥346,200.00 during the reporting period[6] - The company reported a total of ¥6,690,879.98 in prepayments, reflecting an increase from the previous period[20] - The first quarter report was not audited, indicating a potential area for further scrutiny in financial reporting[30]