WBTL(603596)2025-04-29 13:05Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,637,957,471.92, representing a 41.83% increase compared to CNY 1,859,952,289.55 in the same period last year[3]. - Net profit attributable to shareholders was CNY 270,361,200.59, up 28.79% from CNY 209,917,928.44 year-on-year[3]. - The company reported a 38.61% increase in net profit attributable to shareholders after deducting non-recurring gains and losses, driven by business growth[7]. - Total operating revenue for Q1 2025 reached ¥2,637,957,471.92, a 41.7% increase from ¥1,859,952,289.55 in Q1 2024[26]. - Net profit for Q1 2025 was ¥268,393,419.25, representing a 27.5% increase compared to ¥210,341,897.40 in Q1 2024[27]. - Basic and diluted earnings per share for Q1 2025 were both ¥0.45, up from ¥0.35 in Q1 2024[27]. - The company reported a total comprehensive income of ¥275,708,879.73 for Q1 2025, compared to ¥233,247,209.06 in Q1 2024[27]. Cash Flow and Assets - The net cash flow from operating activities improved significantly to CNY 42,295,096.20, a 233.35% increase from a negative CNY 31,716,538.59 in the previous year[3]. - Cash flow from operating activities for Q1 2025 was ¥42,295,096.20, a recovery from a negative cash flow of ¥31,716,538.59 in Q1 2024[30]. - Cash and cash equivalents at the end of Q1 2025 totaled ¥1,935,590,947.34, down from ¥2,062,730,275.08 at the end of Q1 2024[31]. - The total current assets as of March 31, 2025, amounted to RMB 9,174,336,162.08, slightly down from RMB 9,255,312,766.25 at the end of 2024[21]. - The company's total assets were RMB 12,738,906,363.06 as of March 31, 2025, compared to RMB 12,786,035,768.51 at the end of 2024[23]. - The total liabilities decreased to RMB 5,533,973,798.34 from RMB 5,845,772,549.43 in the previous period[23]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 16,253[10]. - The company's equity attributable to shareholders rose to CNY 6,822,558,541.55, reflecting a 4.07% increase from CNY 6,555,921,414.57[4]. - The company's equity attributable to shareholders increased to RMB 6,822,558,541.55 from RMB 6,555,921,414.57[23]. Business Operations - The company's main business revenue for Q1 2025 reached RMB 259,463.18 million, representing a year-on-year growth of 42.78%[12]. - The sales volume of smart electric control products was 1,461,909 units, up 58.43% year-on-year; disc brake sales reached 932,716 units, an increase of 36.14%[12]. - The total number of projects under research increased to 498, a growth of 6.41% compared to the same period last year; new mass production projects totaled 57, up 11.76%[13]. - The number of new designated projects rose to 120, reflecting a year-on-year increase of 13.21%[13]. - The number of projects in the electronic control product category reached 191, with 99 projects focused on new energy vehicles[16]. - The company is actively expanding its domestic and international market presence while optimizing its customer structure[13]. Costs and Expenses - Total operating costs for Q1 2025 were ¥2,369,495,116.60, up 43.9% from ¥1,646,429,151.29 in Q1 2024[26]. - Research and development expenses for Q1 2025 were ¥128,576,221.11, an increase from ¥110,913,997.79 in Q1 2024[26]. Financing Activities - The company experienced a net increase in cash flow from financing activities of ¥52,501,961.91 in Q1 2025, compared to ¥46,481,514.60 in Q1 2024[31]. - The company recorded a net investment cash outflow of ¥163,404,949.42 in Q1 2025, compared to a net outflow of ¥122,183,379.06 in Q1 2024[31]. Borrowings and Financial Assets - Short-term borrowings surged by 348.60%, primarily due to an increase in short-term loans taken[7]. - The company experienced a 66.74% increase in trading financial assets due to increased purchases of financial products during the period[7].