WLY(SZ:002434)2024-04-29 10:02Revenue and Profitability - Total revenue for Q1 2024 reached CNY 1,163,578,952.64, an increase from CNY 994,280,446.26 in the same period last year, representing a growth of approximately 17%[22] - Total operating revenue for Q1 2024 was CNY 1,217,669,977.59, an increase of 3.8% compared to CNY 1,174,724,014.21 in the same period last year[50] - Net profit for Q1 2024 was CNY 87,632,234.97, a decrease of 32.8% from CNY 130,520,553.24 in Q1 2023[52] - Net profit attributable to shareholders decreased by 31.66% to CNY 90,454,909.74 from CNY 132,365,841.57 year-on-year[54] - The total comprehensive income for Q1 2024 was CNY 87,632,234.97, down from CNY 130,520,553.24 in Q1 2023, representing a decline of approximately 32.8%[18] Cash Flow - Net cash flow from operating activities for Q1 2024 was negative CNY 132,323,676.94, compared to a positive cash flow of CNY 143,691,690.73 in Q1 2023, indicating a significant decline[22] - Net cash flow from financing activities increased by 383.46% compared to the same period last year, primarily due to a significant increase in bank borrowings[13] - The net cash flow from financing activities was $422.55 million, a significant improvement from a negative cash flow of -$149.07 million in the previous period[5] - Net cash flow from investing activities was -$243.85 million, a decrease of 264.12% compared to the same period last year, primarily due to increased cash payments for equipment purchases[40] - Net cash flow from operating activities dropped by 192.09%, resulting in a negative cash flow of CNY -132,323,676.94[54] Assets and Liabilities - The company's total liabilities increased to CNY 5,072,693,176.80, up from CNY 4,812,800,709.43 year-over-year, reflecting a growth of about 5.4%[11] - The company’s total liabilities increased to CNY 4,201,648,677.46, up from CNY 4,146,663,883.67 in the previous year[48] - The company’s total assets reached CNY 11,102,166,797.00, an increase from CNY 10,754,642,094.66 year-over-year, indicating a growth of about 3.2%[11] - Total assets increased by 3.23% to CNY 11,102,166,797.00 compared to the end of the previous year[54] - Non-current assets totaled CNY 6,274,336,166.55, an increase from CNY 6,119,724,373.34 year-over-year[48] Shareholder Information - The number of common shareholders at the end of the reporting period was 33,031, with no preferred shareholders[5] - The basic earnings per share for Q1 2024 was CNY 0.07, down from CNY 0.10 in Q1 2023, indicating a decrease of 30%[18] - Basic and diluted earnings per share both decreased by 30.00% to CNY 0.07[54] Expenses and Costs - Total operating costs for Q1 2024 were CNY 1,153,518,271.44, up 8.5% from CNY 1,063,513,210.21 in Q1 2023[50] - Research and development expenses for Q1 2024 amounted to CNY 56,550,608.91, slightly down from CNY 59,704,004.41 in the previous year[50] - The company reported an investment loss of CNY 515,822.58 in Q1 2024, compared to a loss of CNY 6,712,550.61 in Q1 2023[52] Other Financial Metrics - The company reported a credit impairment loss of CNY 4,833,200.00 for the current period, a decrease from CNY 13,747,100.00 in the same period last year, reflecting improved receivables recovery[12] - The company received government subsidies amounting to CNY 4,303,776.67, which are closely related to its normal business operations[54] - The company reported a tax and additional charge increase of 201.19% year-on-year, mainly due to land use tax and property tax payments[39] - Accounts receivable increased by 127.96% from the beginning of the period, mainly due to an increase in bank acceptance bills for pledge financing and commercial acceptance bills received[36] - Other current assets grew by 62.72% compared to the beginning of the period, primarily due to an increase in deductible VAT input tax[37]