WG Tech(603773)2024-10-28 08:21Financial Performance - The company's operating revenue for Q3 2024 was ¥600,723,639.77, representing a 25.64% increase compared to ¥478,978,436.44 in the same period last year[2]. - The net profit attributable to shareholders was -¥19,002,614.13, worsening from -¥9,170,129.50 year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥23,392,167.18, compared to -¥12,825,522.55 in the previous year[2]. - The basic and diluted earnings per share were both -¥0.0853, compared to -¥0.0536 in the previous year[4]. - The total profit for Q3 2024 was a loss of ¥16,837,816.63, compared to a profit of ¥8,495,892.40 in Q3 2023, indicating a significant decline in profitability[19]. - The net profit attributable to shareholders of the parent company was a loss of ¥49,422,339.49, compared to a loss of ¥20,488,464.52 in the same period last year, reflecting a worsening financial position[19]. - The company's net profit for the first three quarters of 2024 was a loss of ¥15,637,415.77, compared to a profit of ¥7,770,336.75 in the same period of 2023, highlighting a challenging financial environment[18]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥46,331,60, a significant decrease from ¥51,674,678.91 in the same period last year[4]. - The company reported a net cash flow from operating activities of 26.93 million, attributed to reduced payments for goods purchased[10]. - Operating cash flow for the first three quarters of 2024 was ¥201,299,398.36, an increase from ¥158,594,048.92 in the first three quarters of 2023[20]. - The company reported a net cash outflow from investing activities of ¥561,477,640.36 for the first three quarters of 2024, compared to a net outflow of ¥410,537,495.68 in the previous year[21]. - Cash and cash equivalents at the end of Q3 2024 amounted to ¥690,913,520.02, up from ¥561,131,052.77 at the end of Q3 2023[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,419,173,905.27, an increase of 15.81% from ¥3,815,744,220.43 at the end of the previous year[4]. - Non-current assets totaled ¥2,278,935,216.72, an increase from ¥1,899,096,875.67 year-over-year, indicating growth in long-term investments[17]. - The total assets of the company reached ¥4,419,173,905.27, up from ¥3,815,744,220.43 in the previous year, reflecting overall growth in the company's financial position[17]. - The total liabilities rose to ¥2,909,200,749.83, compared to ¥2,277,099,848.26 in the previous year, reflecting increased financial obligations[17]. - Long-term borrowings reached 90.44 million, primarily due to loans for the Dehong and Hubei Tonggewei projects[10]. - Long-term borrowings increased significantly to ¥809,000,000.00 from ¥424,800,000.00, suggesting a strategy to leverage debt for expansion[17]. - The equity attributable to shareholders decreased to ¥1,322,570,862.18 from ¥1,375,883,271.30, indicating a decline in shareholder value[17]. Revenue and Costs - Operating revenue for the period reached 31.29 million, primarily driven by increased sales of optoelectronic display devices[10]. - Operating costs amounted to 35.40 million, reflecting the corresponding increase in operating revenue[10]. - The total operating revenue for the first three quarters of 2024 reached ¥1,642,750,757.52, an increase of 31.2% compared to ¥1,251,264,756.02 in the same period of 2023[18]. - The total operating costs for the first three quarters of 2024 were ¥1,661,170,925.15, up from ¥1,254,274,381.72 in 2023, reflecting a significant increase in costs[18]. Research and Development - Research and development expenses rose to 36.52 million, indicating a continued investment in new product development[10]. - Research and development expenses increased to ¥83,446,634.54 in 2024 from ¥61,125,251.86 in 2023, indicating a focus on innovation and product development[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 20,826, with the largest shareholder holding 34.10% of the shares[11].