Core Insights - Wentech Technology Co., Ltd. reported a revenue of 73.598 billion yuan for 2024, marking a year-on-year increase of 20.23% [2] - The company experienced a net loss attributable to shareholders of 2.833 billion yuan, a significant improvement with a year-on-year decrease of 339.83% [2] - The basic earnings per share stood at -2.28 yuan [2] Financial Performance - In Q4 2024, Wentech achieved a revenue of 20.437 billion yuan, reflecting a year-on-year growth of 21.64% and a quarter-on-quarter increase of 4.42% [3] - The net loss attributable to shareholders for Q4 was 3.248 billion yuan, showing a year-on-year decrease of 253.65% and a quarter-on-quarter decrease of 1284.74% [3] - The non-GAAP net profit for Q4 was 343 million yuan, with a year-on-year increase of 140.10% and a quarter-on-quarter increase of 71.98% [3] Profitability Metrics - The gross margin for 2024 was 9.77%, down by 6.31 percentage points year-on-year [3] - The net margin was -3.88%, a decline of 5.46 percentage points year-on-year [3] Expense Management - Total operating expenses for 2024 were 6.335 billion yuan, a decrease of 455 million yuan year-on-year [3] - The expense ratio was 8.61%, down by 2.49 percentage points year-on-year [3] - Sales expenses increased by 7.57%, while management expenses decreased by 13.60%, R&D expenses decreased by 3.22%, and financial expenses decreased by 20.09% [3] Cash Flow and Assets - The net cash flow from operating activities was 4.492 billion yuan, representing a year-on-year growth of 114.73% [3] - As of the end of 2024, total assets were 74.978 billion yuan, an increase of 11.0% year-on-year [3] - The net assets attributable to shareholders were 35.476 billion yuan, a decrease of 7.3% year-on-year [3] Company Overview - Wentech Technology was established on January 11, 1993, and went public on August 28, 1996 [4] - The company's main business includes real estate development and operation, research and manufacturing of mobile internet devices primarily focused on smartphones, and upstream semiconductor activities [4]

Financial Performance - The company reported a basic earnings per share of 0.2400 yuan for Q1 2025, representing a 26.32% increase compared to 0.1900 yuan in Q1 2024 [1] - The net profit for Q1 2025 was 0.29 billion yuan, up 26.09% from 0.23 billion yuan in Q1 2024 [1] - The operating revenue for Q1 2025 reached 1.14 billion yuan, a significant increase of 32.56% from 0.86 billion yuan in Q1 2024 [1] - The return on equity (ROE) improved to 5.07% in Q1 2025, compared to 4.47% in Q1 2024, marking a 13.42% increase [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 30.585 million shares, accounting for 58.8% of the circulating shares, with a decrease of 571,200 shares from the previous period [2] - Wu Guoliang remains the largest shareholder with 21.4455 million shares, representing 41.22% of the total share capital, with no change in holdings [2] - Suzhou Xinlin Phase III Venture Capital has reduced its holdings by 556,400 shares, now holding 4.91 million shares, which is 9.44% of the total [2] Dividend Policy - The company has decided not to distribute dividends or transfer shares in the current period [3]

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.0500 | -0.0600 | 16.67 | -0.2400 | | 每股净资产（元） | 1.36 | 1.59 | -14.47 | -1.05 | | 每股公积金(元) | 1.4 | 1.38 | 1.45 | 2.12 | | 每股未分配利润(元) | -1.12 | -0.87 | -28.74 | -4.38 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 11.06 | 11.62 | -4.82 | 13.18 | | 净利润(亿元) | -1.49 | -1.91 | 21.99 | -2.47 | | 净资产收益率(%) | -3.32 | -3.63 | 8.54 | | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 247846.71万股，累计占流通股 ...

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.0032 | -0.0078 | 58.97 | -0.0045 | | 每股净资产（元） | 0.39 | 0.61 | -36.07 | 0.87 | | 每股公积金(元) | 0.23 | 0.23 | 0 | 0.23 | | 每股未分配利润(元) | -0.88 | -0.65 | -35.38 | -0.39 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 1.15 | 3.84 | -70.05 | 19.05 | | 净利润(亿元) | -0.04 | -0.09 | 55.56 | -0.05 | | 净资产收益率(%) | -0.85 | -1.27 | 33.07 | -0.51 | 数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 前十大流通股东累计持有： 42660.64万股，累计占流 ...

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | -0.0078 | -0.0333 | 76.58 | -0.0163 | | 每股净资产（元） | 3.39 | 3.42 | -0.88 | 3.72 | | 每股公积金(元) | 3.4 | 3.4 | 0 | 3.4 | | 每股未分配利润(元) | -1.17 | -1.14 | -2.63 | -0.82 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 9.16 | 13.93 | -34.24 | 23.01 | | 净利润(亿元) | -0.11 | -0.48 | 77.08 | -0.23 | | 净资产收益率(%) | -0.23 | -0.97 | 76.29 | -0.44 | 前十大流通股东累计持有： 58421.36万股，累计占流通股比： 40.73%，较上期变化： -1068.84万股。 | 名称 持有数量 ...

Financial Performance - The company's basic earnings per share for Q1 2025 is 0.2600 yuan, a decrease of 3.7% compared to Q1 2024, which was 0.2700 yuan [1] - The net profit for Q1 2025 is 3.32 billion yuan, showing a 2.79% increase from 3.23 billion yuan in Q1 2024 [1] - The operating revenue for Q1 2025 is 19.22 billion yuan, down 10.65% from 21.51 billion yuan in Q1 2024 [1] - The return on equity for Q1 2025 is 3.56%, a decline of 8.01% from 3.87% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 61,260.6 million shares, accounting for 51.16% of the circulating shares, with a decrease of 1,394.91 million shares compared to the previous period [1] - The largest shareholder, Nanchang Water Industry Group, holds 31,843.29 million shares, representing 26.59% of the total share capital, with no change [2] - New entrants among the top shareholders include China Pacific Life Insurance and Hongta Securities, while China Life Insurance and others have exited the top ten [2] Dividend Distribution - The company has announced that there will be no distribution or transfer of dividends this time [3]

一、主要会计数据和财务指标 | 报告期指标 | 2025年一季报 | 2024年一季报 | 本年比上年增减(%) | 2023年一季报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.0100 | -0.0200 | 150 | -0.0100 | | 每股净资产（元） | 2.71 | 2.67 | 1.5 | 2.67 | | 每股公积金(元) | 0.96 | 0.96 | 0 | 0.96 | | 每股未分配利润(元) | 0.52 | 0.49 | 6.12 | 0.49 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 3.73 | 2.44 | 52.87 | 1.68 | | 净利润(亿元) | 0.08 | -0.24 | 133.33 | -0.17 | | 净资产收益率(%) | 0.24 | -0.73 | 132.88 | -0.53 | 数据四舍五入，查看更多财务数据>> 前十大流通股东累计持有： 41665.94万股，累计占流通股比： 34.49%，较上期变化： 198.47万股。 | ...

一、主要会计数据和财务指标 | 名称 | 持有数量(万股) | 占总股本比例 | 增减情况(万 | | --- | --- | --- | --- | | | | (%) | 股) | | 蜀道投资集团有限责任公司 | 48631.48 | 23.93 | 不变 | | 四川信托有限公司-四川信托-名嘉百货流动资金贷款集 | | | | | 合资金信托计划 | 10000.00 | 4.92 | 不变 | | 新华联控股（000036）有限公司破产企业财产处置专用 | | | | | 账户 | 9875.09 | 4.86 | -1687.73 | | 弘康人寿保险股份有限公司-自有 | 7101.58 | 3.49 | 不变 | | 四川宏达实业有限公司 | 5000.00 | 2.46 | 不变 | | 申万宏源证券（000562）有限公司 | 3390.38 | 1.67 | 961.98 | | 香港中央结算有限公司 | 2453.67 | 1.21 | 259.84 | | 向克坚 | 2348.00 | 1.16 | -0.37 | | 付金朋 | 2160.02 | 1.06 | -295.79 ...

数据四舍五入，查看更多财务数据>> 二、前10名无限售条件股东持股情况 一、主要会计数据和财务指标 | 报告期指标 | 2024年年报 | 2023年年报 | 本年比上年增减(%) | 2022年年报 | | --- | --- | --- | --- | --- | | 基本每股收益（元） | 0.4100 | 0.3300 | 24.24 | 0.3000 | | 每股净资产（元） | 3.9 | 3.77 | 3.45 | 3.53 | | 每股公积金(元) | 0.35 | 0.45 | -22.22 | 0.51 | | 每股未分配利润(元) | 2.24 | 2.05 | 9.27 | 1.85 | | 每股经营现金流(元) | - | - | - | - | | 营业收入(亿元) | 27.25 | 22.35 | 21.92 | 20.25 | | 净利润(亿元) | 3.44 | 2.79 | 23.3 | 2.49 | | 净资产收益率(%) | 9.97 | 9.07 | 9.92 | 8.60 | | 名称 | 持有数量(万股) | 占总股本比例(%) | 增减情况(万股) | | - ...

Financial Data and Indicators - The basic earnings per share remained unchanged at 0.0400 yuan for Q1 2025 compared to Q1 2024 and Q1 2023 [1] - The net asset per share increased by 2.29% to 2.68 yuan in Q1 2025 from 2.62 yuan in Q1 2024 [1] - The net profit for Q1 2025 was 0.6 billion yuan, reflecting a 15.38% increase from 0.52 billion yuan in Q1 2024 [1] - The return on equity (ROE) improved to 1.68% in Q1 2025, up 17.48% from 1.43% in Q1 2024 [1] - Operating revenue decreased by 17.13% to 6.87 billion yuan in Q1 2025 from 8.29 billion yuan in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 70,618.85 million shares, accounting for 52.89% of the circulating shares, with a decrease of 523.75 million shares from the previous period [1] - Century Sunshine Holding Group Limited remains the largest shareholder with 47,669.57 million shares, representing 35.71% of total share capital, unchanged from the previous period [2] - New entrants among the top shareholders include Zhang Sufen with 893.00 million shares and Wu Guoming with 553.24 million shares [2] - Several shareholders exited the top ten list, including Shanghai Ningquan Asset Management Co., Ltd. and Zhang Yuejun [2] Dividend Distribution - The company has decided not to distribute dividends or transfer shares in this period [3]