WPG(SH:603956)2024-04-26 12:54Financial Performance - The company's operating revenue for Q1 2024 was CNY 214,419,201.16, representing a year-on-year increase of 37.03% due to increased orders and accelerated delivery progress[4]. - The net profit attributable to shareholders was a loss of CNY 37,501,986.61, with a narrowing loss compared to the previous year, primarily due to increased order deliveries[4][7]. - Total operating revenue for Q1 2024 reached ¥214,419,201.16, a 37% increase from ¥156,477,153.94 in Q1 2023[17]. - Net profit for Q1 2024 was -¥26,748,961.50, an improvement from -¥45,955,933.94 in Q1 2023, indicating a reduction in losses[18]. - Basic and diluted earnings per share for Q1 2024 were both -¥0.08, an improvement from -¥0.09 in Q1 2023[19]. Cash Flow - The net cash flow from operating activities was negative at CNY -218,869,746.26, attributed to increased payments for inventory and taxes[8]. - The company reported a net cash outflow from operating activities of -¥218,869,746.26 in Q1 2024, compared to -¥103,360,145.20 in Q1 2023[21]. - Cash inflow from investment activities was ¥40,007,175.00 in Q1 2024, down from ¥189,211,397.76 in Q1 2023, reflecting a decrease of approximately 78.9%[21]. - Cash inflow from financing activities increased to ¥195,290,817.08 in Q1 2024, compared to ¥70,116,708.77 in Q1 2023, marking an increase of approximately 178%[21]. - The net cash flow from financing activities was $130,227,032.87, compared to a negative cash flow of $66,701,126.75 in the previous period[22]. Assets and Liabilities - Total assets at the end of Q1 2024 were CNY 3,369,055,684.81, a slight increase of 0.89% from the end of the previous year[5]. - The company's total liabilities reached RMB 1,367,449,007.76, up from RMB 1,259,022,874.83, which is an increase of about 8.6%[15]. - The total current liabilities increased to RMB 920,634,234.77 from RMB 846,837,665.62, marking an increase of approximately 8.7%[15]. - The total non-current assets increased to RMB 1,377,491,630.93 from RMB 1,291,950,577.86, reflecting a growth of approximately 6.6%[14]. - The company's cash and cash equivalents decreased to RMB 471,338,026.62 from RMB 699,789,102.40, representing a decline of about 32.6%[13]. Shareholder Information - The company had a total of 17,216 common shareholders at the end of the reporting period[10]. - The top shareholder, Li Jixi, held 42.6% of the shares, amounting to 216,727,000 shares, with some shares pledged[10]. - Shareholders' equity attributable to the parent company decreased by 4.59% to CNY 1,936,027,131.81 compared to the end of the previous year[5]. - The equity attributable to the owners of the parent company decreased to RMB 1,936,027,131.81 from RMB 2,029,071,334.20, a decline of approximately 4.6%[15]. - The company repurchased 13,904,103 shares, representing 2.73% of the total share capital as of March 31, 2024[12]. Operational Metrics - The weighted average return on equity was -1.88%, an increase of 0.30 percentage points compared to the previous year[4]. - The company's accounts receivable slightly decreased to RMB 923,434,959.68 from RMB 934,973,875.63, a reduction of about 1.2%[13]. - The company reported a significant increase in contract assets, rising to RMB 60,220,971.81 from RMB 49,227,134.60, which is an increase of approximately 22.3%[14]. - The company's inventory rose to RMB 239,373,212.28 from RMB 225,385,603.89, indicating an increase of about 6.2%[14]. - The company reported a decrease in sales expenses to ¥77,969,756.48 in Q1 2024, down from ¥85,578,383.89 in Q1 2023, indicating a reduction of approximately 8.5%[17]. Research and Development - Research and development expenses remained stable at ¥30,174,332.89 in Q1 2024, slightly down from ¥30,233,249.31 in Q1 2023[17].