WEIXING(002003)2025-04-28 08:45Financial Performance - The company's operating revenue for Q1 2025 was CNY 979,168,591.77, representing a 22.32% increase compared to CNY 800,526,871.44 in the same period last year[4] - Net profit attributable to shareholders for the same period was CNY 100,336,872.80, up 28.76% from CNY 77,924,672.78 year-on-year[4] - The total profit for the period increased by 32.51%, driven by higher operating profit[13] - Total operating revenue for the current period reached ¥979,168,591.77, an increase of 22.3% compared to ¥800,526,871.44 in the previous period[27] - Net profit for the current period was ¥101,504,833.51, representing a 28.6% increase from ¥78,878,397.25 in the previous period[28] - Basic and diluted earnings per share were both ¥0.09, compared to ¥0.07 in the prior period[29] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 65.58%, amounting to CNY 32,463,165.49, compared to CNY 94,306,687.79 in the previous year[4] - The net increase in cash and cash equivalents decreased by 60.29%, reflecting impacts from operating, investing, and financing activities[16] - Cash generated from operating activities was ¥1,107,737,391.70, an increase from ¥938,068,389.96 in the previous period[30] - Net cash flow from operating activities was 94,306,687.79 in the previous period[31] - The ending balance of cash and cash equivalents was 1,486,370,052.01 in the previous period[32] Assets and Liabilities - The total assets at the end of the reporting period were CNY 6,344,419,296.32, a 0.86% increase from CNY 6,290,303,928.28 at the end of the previous year[5] - Total liabilities decreased to ¥1,829,291,287.68 from ¥1,890,607,253.95, a reduction of 3.2%[25] - Non-current liabilities totaled ¥143,320,408.17, up from ¥135,739,533.28, indicating a rise of 5.8%[25] - The company's retained earnings increased to ¥1,083,272,390.60 from ¥982,935,517.80, a growth of 10.2%[25] Shareholder Information - The total number of common shareholders at the end of the reporting period was 21,170[18] - The largest shareholder, Wei Xing Group Co., Ltd., holds 25.87% of the shares, totaling 302,406,675 shares[19] - The total number of shares held by the top 10 unrestricted shareholders includes 302,406,675 shares held by Wei Xing Group, representing a significant portion of the company's equity[19] - The company completed the third phase of its equity incentive plan, releasing 5.6394 million restricted shares for trading[20] - The company has not engaged in any share lending activities among the top 10 shareholders[20] Inventory and Investments - Inventory at the end of the period was CNY 767.12 million, up from CNY 703.89 million, indicating an increase of approximately 8.99%[23] - The total non-current assets include long-term equity investments valued at CNY 118.23 million, slightly up from CNY 117.13 million[23] - The company plans to acquire land and buildings from Wei Xing Group for CNY 316.59 million to enhance production capabilities[21] Financial Expenses and Income - Financial expenses increased by 182.91% compared to the same period last year, primarily due to a decrease in interest income[13] - Other comprehensive income after tax for the current period was ¥2,311,518.01, compared to a loss of ¥2,129,062.77 in the previous period[29] Audit and Accounting Standards - The company did not undergo an audit for the first quarter report[33] - The new accounting standards will not be applicable for the company starting from 2025[33] - The report was released by the board of directors on April 28, 2025[34]