WONLY(SH:605268)2024-04-25 09:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 435,162,534.65, representing a year-on-year increase of 10.26%[5] - The net profit attributable to shareholders for the same period was CNY 16,115,169.77, reflecting a growth of 4.58% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 34.93%, primarily due to a decline in gross margin and an increase in non-operating gains and losses[7] - Basic and diluted earnings per share both increased by 33.33% to CNY 0.04 per share[5] - Net profit for Q1 2024 was ¥15,590,252.96, compared to ¥14,820,760.73 in Q1 2023, representing a growth of 5.2%[19] - In Q1 2024, the company reported a total comprehensive income of CNY 15,585,437.60, compared to CNY 14,820,782.99 in Q1 2023, reflecting an increase of approximately 5.16%[20] Cash Flow - The net cash flow from operating activities was negative at CNY -130,856,886.52, a significant decrease of 369.51% year-on-year[7] - Cash inflows from operating activities totaled CNY 601,693,405.91 in Q1 2024, compared to CNY 528,229,786.59 in Q1 2023, marking an increase of about 13.87%[23] - The net cash flow from operating activities was negative at CNY -130,856,886.52 in Q1 2024, a significant decline from the positive CNY 48,552,925.11 in Q1 2023[23] - Total cash outflows for operating activities in Q1 2024 were CNY 732,550,292.43, compared to CNY 479,676,861.48 in Q1 2023, reflecting an increase of about 52.71%[23] - The company's cash and cash equivalents at the end of Q1 2024 stood at CNY 78,848,417.81, a decrease from CNY 245,354,102.93 at the end of Q1 2023[24] - The company received CNY 568,553,658.90 in cash from sales of goods and services in Q1 2024, an increase from CNY 522,600,739.52 in Q1 2023, representing a growth of approximately 8.77%[22] Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 3,963,016,140.61, down 2.11% from the end of the previous year[6] - Total liabilities decreased to ¥2,258,031,862.90 in Q1 2024, down from ¥2,362,421,421.45 in Q4 2023[15] - Cash and cash equivalents were ¥181,383,737.81 as of March 31, 2024, down from ¥369,073,748.11 at the end of 2023[13] - Accounts receivable stood at ¥1,141,000,392.69, slightly down from ¥1,166,576,791.33 in the previous quarter[13] - Inventory increased to ¥369,432,820.87 in Q1 2024, compared to ¥355,452,629.69 at the end of 2023, indicating a rise of 3.4%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 17,766[9] - The largest shareholder, Wangli Group Co., Ltd., holds 44.07% of the shares, followed by Zhejiang Wangli Electric Vehicle Co., Ltd. with 16.79%[9] Government Support and Other Income - The company received government subsidies amounting to CNY 12,830,850.00 during the reporting period[7] - The company reported a significant increase in other income to ¥16,869,753.78 in Q1 2024, compared to ¥1,584,870.55 in Q1 2023[19] Research and Development - Research and development expenses for Q1 2024 were ¥14,313,397.94, a decrease from ¥17,551,272.30 in Q1 2023, reflecting a reduction of 18.5%[19]