WANFENG AUTO WHEEL(002085)2023-04-27 16:00Financial Performance - The company's operating revenue for Q1 2023 was ¥3,613,758,367.13, representing a 3.49% increase compared to ¥3,491,756,527.21 in the same period last year[5] - Net profit attributable to shareholders was ¥223,993,563.31, a 26.94% increase from ¥176,451,346.55 year-on-year[5] - Basic and diluted earnings per share both rose to ¥0.11, reflecting a 22.22% increase from ¥0.09 in the same period last year[5] - Total operating revenue for the first quarter reached ¥3,613,758,367.13, an increase from ¥3,491,756,527.21 in the previous period, representing a growth of approximately 3.5%[47] - Net profit for the period was ¥275,497,083.17, compared to ¥234,673,221.68 in the prior period, reflecting a growth of approximately 17.3%[47] - The profit attributable to the parent company's shareholders was ¥223,993,563.31, up from ¥176,451,346.55, which is an increase of approximately 26.9%[47] - The total profit for the period was ¥356,335,092.35, compared to ¥301,154,253.90 in the last period, indicating a growth of approximately 18.3%[47] Cash Flow and Liquidity - The net cash flow from operating activities surged to ¥666,152,781.78, marking a significant increase of 4,853.22% compared to ¥13,448,889.27 in the previous year[5] - The company's cash and cash equivalents increased to 1,753.43 million, representing a growth of 18.29%[17] - The company reported a net increase in cash and cash equivalents of CNY 214.30 million during the period[43] - Cash received from operating activities related to other sources increased by CNY 34.88 million, up 112.11%, mainly due to increased rental income[32] - Cash flow from investment activities decreased by CNY 20.07 million, a decline of 43.64%, attributed to higher cash payments for asset acquisitions and reduced asset disposals[33] - Cash received from financing activities related to other sources increased by CNY 50 million, primarily due to the return of loan guarantees[33] - Cash paid for debt repayment increased by CNY 372.80 million, a growth of 35.75%, mainly due to higher bank loan repayments[33] Assets and Liabilities - Total assets at the end of the reporting period were ¥18,056,385,776.22, a decrease of 0.72% from ¥18,186,948,040.39 at the end of the previous year[5] - Total current assets decreased to 9,608.33 million, a reduction of 2.65%[17] - Total non-current assets increased to 8,578.62 million, an increase of 1.44%[17] - Total liabilities decreased to 9,810.74 million, a decline of 4.40%[18] - The company's equity increased to 8,376.21 million, reflecting a growth of 3.59%[18] Expenses and Income - Total operating costs amounted to ¥3,289,047,353.35, up from ¥3,213,720,140.45, indicating an increase of about 2.4%[47] - Research and development expenses increased to ¥107,981,729.60 from ¥91,650,975.65, marking a rise of about 17.7%[47] - Tax expenses rose to ¥80,838,009.18 from ¥66,481,032.22, reflecting an increase of about 21.6%[47] - The company experienced a significant increase in taxes paid, which rose by ¥189,070,300, representing a 113.95% increase year-on-year[11] - Interest income increased by 3.49 million, a growth of 266.95% due to insurance claims received[31] - The company’s financial expenses decreased to ¥72,901,345.12 from ¥81,874,210.29, a reduction of approximately 10.5%[47] - The company reported a financial income of ¥4,096,539.88, significantly higher than ¥1,585,325.78 in the previous period, showing an increase of about 158.8%[47] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 41,142, with the largest shareholder holding 34.07%[34] - Shareholders' equity attributable to the parent company increased to ¥6,298,267,400.70, up 4.05% from ¥6,053,246,571.50 at the end of the last year[5] - The company reported a government subsidy of ¥22,072,232.52, which is closely related to its normal business operations[6] - The company's other income increased to ¥22,072,232.52 from ¥17,281,266.68, representing a growth of about 27.5%[47]