WHEE(SH:600475)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥336,889,881.36, representing a year-on-year increase of 3.18%[17]. - Operating income for the period was ¥4,785,679,904.68, a decrease of 9.58% compared to the same period last year[17]. - The company’s basic earnings per share for the period was ¥0.6022, an increase of 3.17% compared to the previous year[17]. - The company reported a net profit margin improvement, with retained earnings increasing to ¥3,991,546,521.50 from ¥3,783,316,848.67, a growth of about 5.5%[38]. - Net profit for Q3 2019 was ¥59,363,130.33, a decline of 13.9% from ¥69,066,623.83 in Q3 2018[52]. - Total comprehensive income attributable to the parent company for Q3 2019 was ¥49,488,436.94, compared to ¥48,528,447.49 in Q3 2018, showing a slight increase of 2.0%[57]. - The total profit for Q3 2019 was ¥75,134,621.78, a decrease of 8.6% from ¥84,969,327.76 in Q3 2018[52]. - Net profit for Q3 2019 was CNY 79,190,830.91, compared to CNY 31,600,608.48 in Q3 2018, representing a growth of 150.5%[62]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥12,138,671,091.61, an increase of 5.05% compared to the end of the previous year[17]. - The total assets reached ¥12,138,671,091.61, up from ¥11,554,611,563.64 in the previous year[36]. - Total liabilities increased to ¥6,592,622,474.56, up from ¥6,303,283,767.48, representing a growth of approximately 4.6%[38]. - Current liabilities totaled ¥5,854,921,759.61, compared to ¥5,792,698,000.29, indicating a rise of about 1.1%[38]. - Non-current liabilities rose to ¥737,700,714.95 from ¥510,585,767.19, marking an increase of approximately 44.4%[38]. - The company reported a decrease in accounts receivable to ¥2,552,064,822.71, down from ¥2,835,494,998.25, indicating improved collection efforts[32]. - Accounts receivable rose to ¥1,260,640,779.07 from ¥997,974,453.81, showing an increase of approximately 26.3%[42]. - Inventory decreased to ¥673,539,866.54 from ¥886,592,143.15, a reduction of about 24.0%[42]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥465,596,472.46, a significant recovery from a negative cash flow of ¥1,398,107,204.75 in the previous year[17]. - The net cash flow from operating activities was ¥465,596,472.46, a significant improvement from a negative cash flow of ¥1,398,107,204.75 in the previous period[25]. - Cash flow from operating activities for the first three quarters of 2019 was CNY 465,596,472.46, a significant improvement from a negative cash flow of CNY -1,398,107,204.75 in the same period of 2018[70]. - The net cash flow from financing activities was 448,341,110.78 CNY, a decrease of 71.2% compared to 1,554,685,963.71 CNY in the previous period[72]. - The net increase in cash and cash equivalents was 455,376,337.47 CNY, compared to a decrease of 45,040,145.61 CNY in the same period last year[72]. - Cash inflow from operating activities totaled CNY 5,065,867,521.39 for the first three quarters of 2019, compared to CNY 4,569,340,821.30 in the same period of 2018[70]. Shareholder Information - The total number of shareholders at the end of the reporting period was 19,398[20]. - The largest shareholder, Wuxi Guolian Development (Group) Co., Ltd., held 72.11% of the shares[20]. Financial Position - Total equity attributable to shareholders increased to ¥4,982,473,625.91 from ¥4,774,243,953.08, reflecting a growth of around 4.4%[38]. - The total equity increased to ¥5,546,048,617.05 from ¥5,251,327,796.16, reflecting a growth of approximately 5.6%[38]. - The company’s retained earnings amounted to approximately ¥3.78 billion, indicating strong profitability retention[86]. - The company has a total of approximately ¥1.17 billion in advance receipts, showing healthy cash flow management[84]. Investment and Expenses - Research and development expenses increased to ¥38,180,152.88 in Q3 2019, up 7.6% from ¥34,845,728.46 in Q3 2018[49]. - Research and development expenses for the first three quarters of 2019 were CNY 77,846,299.03, an increase of 8.5% from CNY 71,577,516.32 in the same period of 2018[59]. - The company reported investment income of CNY 82,680,230.05 in Q3 2019, up 138.5% from CNY 34,788,080.99 in Q3 2018[62]. Changes in Accounting Standards - The company’s financial assets available for sale were reclassified to other non-current financial assets, reflecting a change in accounting standards[23]. - The company implemented new financial instrument standards starting January 1, 2019, affecting the classification and measurement of financial assets[92].