WXSJ(SH:603185)2024-04-29 09:21Financial Performance - The company's operating revenue for Q1 2024 was ¥2,190,704,034.64, representing a decrease of 37.64% compared to the same period last year[4] - The net profit attributable to shareholders was -¥141,374,420.08, a decline of 120.89% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥164,135,723.21, down 130.12% from the previous year[4] - The basic earnings per share were -¥0.192, a decrease of 116.18% year-on-year[4] - The diluted earnings per share were also -¥0.192, reflecting a similar decline of 116.24%[4] - The weighted average return on equity was -1.03%, a decrease of 6.28 percentage points compared to the previous year[4] - Total operating revenue for Q1 2024 was ¥2,190,704,034.64, a decrease of 37.8% compared to ¥3,512,722,016.51 in Q1 2023[19] - Net profit for Q1 2024 was a loss of ¥141,374,420.08, compared to a net profit of ¥676,840,782.09 in Q1 2023, indicating a significant decline[20] - Basic earnings per share for Q1 2024 were -¥0.192, compared to ¥1.187 in Q1 2023[22] Assets and Liabilities - Total assets at the end of Q1 2024 were ¥32,367,067,213.67, up 10.16% from the end of the previous year[5] - As of March 31, 2024, the total current assets amounted to ¥14,876,638,840.44, an increase from ¥11,892,669,462.54 in the previous year, reflecting a growth of approximately 25.0%[15] - The total assets of the company as of March 31, 2024, were ¥32,367,067,213.67, compared to ¥29,382,190,199.62 at the end of the previous year, representing a growth of approximately 10.1%[16] - The total liabilities increased to ¥10,290,716,093.52 from ¥9,540,550,714.51, which is an increase of about 7.8%[16] - Total liabilities increased to ¥17,668,187,385.06 in Q1 2024 from ¥17,361,076,202.02 in Q1 2023, representing a growth of 1.8%[18] Shareholder Equity - Shareholders' equity attributable to the parent company increased by 22.28% to ¥14,698,879,828.61 compared to the end of the previous year[5] - Total equity attributable to shareholders rose to ¥14,698,879,828.61 in Q1 2024 from ¥12,021,113,997.60 in Q1 2023, an increase of 22.3%[18] Cash Flow - The net cash flow from operating activities was ¥201,974,331.15, an increase of 91.25% compared to the same period last year[4] - The company's cash flow from operating activities was not detailed in the provided documents, indicating a need for further analysis on liquidity[21] - In Q1 2024, the total cash inflow from operating activities was CNY 2,794,393,911.87, a decrease of 6.1% from CNY 2,977,794,457.25 in Q1 2023[24] - The net cash flow from operating activities increased to CNY 201,974,331.15, compared to CNY 105,607,883.88 in the same period last year, representing a growth of 91.1%[24] - Cash inflow from financing activities was CNY 2,879,699,985.80, contrasting with a cash outflow of CNY -1,244,930.60 in the previous year[25] - The net cash flow from financing activities was CNY 2,712,158,645.12, a significant improvement from CNY -34,197,110.62 in Q1 2023[25] Operational Metrics - The decline in revenue and profit was attributed to the impact of supply and demand in the photovoltaic industry, leading to a decrease in product prices and profitability[7] - Research and development expenses for Q1 2024 were ¥145,937,290.49, slightly down from ¥158,290,726.13 in Q1 2023[19] - The company reported a significant increase in financial expenses, totaling ¥30,020,157.60 in Q1 2024, compared to ¥10,165,892.15 in Q1 2023[19] Inventory and Receivables - The company’s accounts receivable increased to ¥469,342,531.97 from ¥376,256,584.99, marking a rise of about 24.7%[15] - Inventory levels rose to ¥2,210,932,475.70, compared to ¥2,057,212,809.94, reflecting an increase of approximately 7.4%[16] Trading and Investments - The company has seen a significant increase in trading financial assets, which rose to ¥3,840,722,799.67 from ¥1,611,676,826.44, indicating a growth of approximately 138.5%[15] - The company’s long-term equity investments stood at ¥1,090,118,702.65, slightly up from ¥1,082,088,576.96, showing a marginal increase of about 0.7%[16]