WGQ(SH:600648)2024-04-26 11:05Financial Performance - Total operating revenue for Q1 2024 was CNY 1,261,441,486.60, a decrease of 14.6% compared to CNY 1,477,645,979.96 in Q1 2023[18] - Operating income was CNY 1,226,932,160.11, down from CNY 1,448,695,412.33, reflecting a decline of 15.3% year-over-year[18] - Net profit attributable to the parent company was CNY 39,150,830.01, an increase of 23.2% from CNY 31,784,688.06 in the same period last year[21] - The net profit attributable to shareholders of the listed company was CNY 39,076,638.23, an increase of 21.72% year-on-year[42] - The total profit for the period was CNY 105,381,703.11, compared to CNY 84,710,402.77 in the previous year[32] Assets and Liabilities - Total assets decreased by 1.32% to CNY 44,055,320,631.47 from CNY 44,643,404,996.99 at the end of the previous year[10] - The total liabilities amounted to CNY 31,166,268,794.58, a decrease from CNY 31,796,680,917.95[10] - Total current assets amounted to approximately 20.86 billion RMB, a decrease from 23.19 billion RMB in the previous period[49] - Non-current assets totaled approximately 23.19 billion RMB, an increase from 21.45 billion RMB in the previous period[49] - Short-term borrowings increased to approximately 7.40 billion RMB from 7.23 billion RMB in the previous period[49] Equity and Shareholder Information - The owner's equity attributable to shareholders of the listed company increased by 0.31% to CNY 12,582,770,912.29 from CNY 12,543,620,082.28[10] - Total equity attributable to shareholders reached CNY 12,582,770,912.29, up from CNY 12,543,620,082.28, reflecting a growth of 0.3%[18] - The company had 58,300 common shareholders at the end of the reporting period[27] - The largest shareholder, Shanghai Waigaoqiao Asset Management Co., Ltd., held 48.03% of the shares[27] Cash Flow - Cash flow from operating activities showed a net outflow of CNY -3,052,853,793.20, compared to a net outflow of CNY -1,771,065,788.29 in the previous year[24] - The net cash flow from operating activities was CNY -3,052,853,793.20, indicating a negative cash flow situation[42] - Cash and cash equivalents decreased to CNY 4,790,629,590.22 from CNY 7,015,717,594.01[16] - Cash and cash equivalents at the end of the period were CNY 4,440,465,235.44, down from CNY 6,583,428,157.39 at the beginning of the period[25] Operating Costs and Expenses - Total operating costs decreased to CNY 1,165,301,418.86 from CNY 1,412,604,517.91, representing a reduction of 17.5%[18] - Research and development expenses increased to CNY 5,155,454.88 from CNY 4,463,124.56, indicating a growth of 15.5%[18] Other Income and Gains - Non-recurring gains and losses totaled CNY 7,162,107.88 after tax[11] - The company received government subsidies amounting to CNY 8,274,753.96 during the reporting period[10] - The company reported other income of CNY 5,435,886.48 and investment income of CNY 9,198,064.65 during the reporting period[32] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 31,914,530.35, showing a significant increase of 245.49% compared to the previous year[42] Strategic Initiatives - The company is focusing on expanding its market presence and exploring new strategies for growth[46] - The company has plans for new product and technology development to enhance its competitive edge in the market[46] - The company is actively considering mergers and acquisitions as part of its growth strategy[46]