WEIMING(SH:603568)2024-04-26 08:17Financial Performance - The company's operating revenue for Q1 2024 reached ¥2,008,033,045.49, representing a year-on-year increase of 50.11%[4] - Net profit attributable to shareholders was ¥712,424,891.49, reflecting a growth of 40.29% compared to the same period last year[4] - The net profit after deducting non-recurring gains and losses was ¥668,609,958.88, an increase of 39.69% year-on-year[4] - Basic earnings per share were ¥0.42, marking a 40.29% increase[4] - Operating profit for Q1 2024 was ¥790,498,170.32, up from ¥554,887,547.03 in Q1 2023, reflecting a growth of approximately 42.5%[21] - Net profit attributable to shareholders for Q1 2024 was ¥712,424,891.49, compared to ¥507,812,034.09 in Q1 2023, representing an increase of about 40.2%[22] - The company reported a total comprehensive income of ¥725,939,698.53 for Q1 2024, compared to ¥512,447,303.33 in Q1 2023, reflecting a growth of approximately 41.7%[22] - Earnings per share for Q1 2024 were ¥0.42, up from ¥0.30 in Q1 2023, indicating an increase of 40%[22] Cash Flow and Assets - The net cash flow from operating activities amounted to ¥496,733,760.17, up by 32.01% from the previous year[4] - Cash flow from operating activities for Q1 2024 was ¥1,417,643,807.05, compared to ¥973,029,909.91 in Q1 2023, marking an increase of about 45.8%[23] - The total current assets as of March 31, 2024, were RMB 6.999 billion, an increase from RMB 6.620 billion at the end of 2023[16] - The total liabilities as of March 31, 2024, were RMB 11.720 billion, compared to RMB 11.566 billion at the end of 2023[17] - The company's non-current assets totaled RMB 17.862 billion as of March 31, 2024, up from RMB 17.481 billion at the end of 2023[16] - The total cash and cash equivalents at the end of the period amounted to $2,228,446,808.68, down from $2,249,904,562.58 in the previous year, showing a decrease of about 0.9%[25] Operating Activities - The increase in operating revenue was primarily driven by growth in equipment, EPC, and service business income[7] - The total waste processed by the company's controlled waste treatment projects in Q1 2024 reached 3.0632 million tons, a year-on-year increase of 14.63%[12] - The company completed a total of 8.29 billion kWh of electricity generation in the same period, representing a year-on-year growth of 11.68%[12] - New orders for daily environmental protection and new materials equipment amounted to approximately RMB 701 million[13] Shareholder Activities - The company repurchased shares worth RMB 180 million, accounting for 0.62% of the total share capital[13] - Shareholders' equity attributable to the parent company was ¥11,648,064,196.24, up by 4.92% compared to the end of last year[5] Research and Development - Research and development expenses increased to ¥22,498,968.33 in Q1 2024, up from ¥13,594,957.90 in Q1 2023, indicating a rise of approximately 65.5%[21] Financial Instruments and Investments - The company initiated the issuance of RMB 285 million "Wei 24 Convertible Bonds," which were listed on April 22, 2024[13] - The total cash outflow from investing activities was $960,423,898.95, compared to $1,272,672,197.74 in the previous year, indicating a decrease of about 24.5%[24] - The cash inflow from investment activities was $193,748,747.45, a decrease from $586,802,547.85 in the previous year, indicating a decline of about 67.0%[24] Financial Expenses - The company’s financial expenses for Q1 2024 were ¥64,070,681.10, slightly up from ¥61,219,634.40 in Q1 2023, showing a marginal increase of about 4.5%[21] Tax and Employee Payments - The cash paid for taxes was $182,996,654.10, significantly higher than $88,269,034.48 in the previous year, indicating an increase of approximately 107.0%[24] - The cash paid to employees was $165,952,078.80, a slight decrease from $171,886,587.43 in the previous year, reflecting a decline of about 3.4%[24]