WAYS(SH:605218)2024-04-28 07:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 407,311,653.81, representing a year-on-year increase of 41.63%[6] - The net profit attributable to shareholders for the same period was CNY 11,170,580.85, reflecting a growth of 1.85% compared to the previous year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 40.92%, amounting to CNY 8,584,343.89[6] - Total operating revenue for Q1 2024 reached ¥407.31 million, a significant increase of 41.7% compared to ¥287.59 million in Q1 2023[22] - Net profit for Q1 2024 was ¥11.17 million, slightly higher than ¥10.97 million in Q1 2023, representing a growth of 1.9%[23] - The company’s total profit for Q1 2024 was ¥8.78 million, compared to ¥7.96 million in Q1 2023, marking a growth of 10.3%[23] Cash Flow and Assets - The net cash flow from operating activities was CNY 14,714,279.24, with no applicable percentage change reported[6] - The net cash flow from operating activities improved to ¥14.71 million in Q1 2024, compared to a negative cash flow of ¥6.50 million in Q1 2023[27] - Cash and cash equivalents decreased to CNY 487,553,764.72 from CNY 513,842,210.50, representing a decline of approximately 5.1%[16] - Cash and cash equivalents at the end of Q1 2024 totaled ¥487.20 million, an increase from ¥338.53 million at the end of Q1 2023[28] - Total assets at the end of Q1 2024 reached CNY 1,862,420,099.42, an increase of 4.61% from the end of the previous year[7] - As of March 31, 2024, the company's total assets amounted to CNY 1,862,420,099.42, an increase from CNY 1,780,320,041.94 as of December 31, 2023, reflecting a growth of approximately 4.9%[16] Shareholder Information - The company had 23,719 common shareholders at the end of the reporting period[10] - Major shareholders included Watanabe Yoichi with a 58.53% stake and Yamaguchi Masaru with a 10.78% stake[12] Liabilities and Equity - The company's total liabilities increased to CNY 581,138,989.76 from CNY 510,594,600.30, which is an increase of about 13.8%[18] - The total equity attributable to shareholders reached CNY 1,281,281,109.66, up from CNY 1,269,725,441.64, reflecting a growth of approximately 0.9%[18] Production and Costs - The company reported a significant increase in production volume and the introduction of new models as key drivers for revenue growth[9] - Total operating costs for Q1 2024 were ¥401.38 million, up from ¥287.77 million in Q1 2023, reflecting a 39.3% increase[22] - Research and development expenses for Q1 2024 were ¥27.24 million, slightly down from ¥28.36 million in Q1 2023, indicating a focus on cost management[22] Other Financial Metrics - The weighted average return on equity was 0.88%, a decrease of 0.03 percentage points compared to the previous year[6] - Basic earnings per share for Q1 2024 were ¥0.0530, up from ¥0.0515 in Q1 2023, reflecting a 2.9% increase[23] - The company reported a decrease in other comprehensive income, with a net loss of ¥1.18 million in Q1 2024 compared to a loss of ¥54,767.69 in Q1 2023[23] - The company experienced a significant reduction in investment activity cash outflow, down to ¥51.48 million in Q1 2024 from ¥209.83 million in Q1 2023[28] Inventory and Receivables - The company's inventory increased to CNY 222,819,429.14 from CNY 198,996,453.85, indicating a rise of about 12.0%[16] - Accounts receivable rose to CNY 421,672,840.00, up from CNY 392,434,115.77, marking an increase of around 7.5%[16] - The company reported a significant increase in accounts payable, which rose to CNY 363,809,485.48 from CNY 319,606,345.45, reflecting an increase of approximately 13.8%[17] Non-Recurring Gains - Non-recurring gains for the period totaled CNY 2,586,236.96, after accounting for tax effects[9] - The company has not disclosed any new product developments or market expansion strategies in the provided documents[14]