WPG(603956)2023-10-27 16:00Revenue and Profit Performance - Revenue for the reporting period increased by 62.20% to RMB 323.5 million, with total revenue for the first nine months reaching RMB 771.16 million, a 49.10% year-over-year increase[3] - Total revenue for the first three quarters of 2023 reached 771,163,202.02 RMB, a significant increase from 517,203,262.35 RMB in the same period of 2022[16] - Net profit attributable to shareholders for the first nine months was RMB -58.77 million, showing a narrowing loss compared to RMB -140 million in the same period last year[6] - Net profit attributable to the parent company's shareholders for the first three quarters of 2023 was -58,770,231.27 RMB, compared to -140,193,810.65 RMB in the same period of 2022[17] - Operating profit for the first three quarters of 2023 was -78,754,144.12 RMB, an improvement from -174,459,142.25 RMB in the same period of 2022[17] - Total comprehensive income for the first three quarters of 2023 was -56,425,081.20 RMB, an improvement from -141,941,174.85 RMB in the same period of 2022[18] - Basic earnings per share for the first three quarters of 2023 were -0.12 RMB, compared to -0.30 RMB in the same period of 2022[18] - The company's basic and diluted earnings per share for the first nine months were both RMB -0.12[3] Cash Flow and Financial Position - Operating cash flow for the first nine months improved to RMB -168.52 million, compared to RMB -231 million in the same period last year, driven by revenue growth and enhanced collection efforts[6] - Net cash flow from operating activities for the first three quarters of 2023 was -168.52 million, an improvement from -230.74 million in the same period of 2022[21] - Sales revenue from goods and services received in cash for the first three quarters of 2023 was 876.88 million, a 16.8% increase compared to 750.80 million in the same period of 2022[20] - Total cash inflow from operating activities for the first three quarters of 2023 was 977.44 million, a 19.2% increase compared to 819.77 million in the same period of 2022[20] - Cash received from investment returns in the first three quarters of 2023 was 3.61 million, a 64.3% increase compared to 2.20 million in the same period of 2022[21] - Net cash flow from investment activities for the first three quarters of 2023 was -71.58 million, an improvement from -139.74 million in the same period of 2022[21] - Cash received from borrowings in the first three quarters of 2023 was 119.24 million, a 49.3% decrease compared to 235.19 million in the same period of 2022[21] - Net cash flow from financing activities for the first three quarters of 2023 was -127.43 million, a significant decrease compared to 967.69 million in the same period of 2022[21] - The net increase in cash and cash equivalents for the first three quarters of 2023 was -367.53 million, compared to 597.22 million in the same period of 2022[22] - The ending balance of cash and cash equivalents as of September 2023 was 488.45 million, a 47.8% decrease compared to 935.99 million in September 2022[22] Assets and Liabilities - The company's total assets decreased by 5.75% to RMB 3.27 billion compared to the end of the previous year[5] - Total assets decreased to RMB 3,266,403,657.95 from RMB 3,465,834,193.24 compared to the end of 2022[12] - Total assets as of the end of Q3 2023 were 3,266,403,657.95 RMB, a decrease from 3,465,834,193.24 RMB at the end of Q3 2022[13] - Current assets decreased to RMB 2,003,867,607.06 from RMB 2,286,591,925.42 compared to the end of 2022[10] - Non-current assets increased to RMB 1,262,536,050.89 from RMB 1,179,242,267.82 compared to the end of 2022[12] - Monetary funds decreased to RMB 511,765,120.24 from RMB 883,984,991.48 compared to the end of 2022[10] - Accounts receivable increased to RMB 904,163,214.90 from RMB 870,713,726.00 compared to the end of 2022[10] - Inventory increased to RMB 314,368,194.43 from RMB 237,765,543.63 compared to the end of 2022[10] - Fixed assets decreased to RMB 419,756,512.60 from RMB 433,145,910.95 compared to the end of 2022[12] - Construction in progress increased to RMB 205,318,270.82 from RMB 127,643,633.53 compared to the end of 2022[12] - Development expenditure increased to RMB 44,720,990.10 from RMB 32,281,362.31 compared to the end of 2022[12] - Short-term borrowings decreased to RMB 93,150,674.25 from RMB 156,625,017.97 compared to the end of 2022[12] - Total liabilities as of the end of Q3 2023 were 1,259,736,669.59 RMB, a decrease from 1,351,582,879.95 RMB at the end of Q3 2022[13] - Total owner's equity as of the end of Q3 2023 was 2,006,666,988.36 RMB, an increase from 2,114,251,313.29 RMB at the end of Q3 2022[13] - Shareholders' equity attributable to the company decreased by 5.29% to RMB 1.95 billion compared to the end of the previous year[5] R&D and Market Expansion - The company's R&D and market expansion efforts contributed to the growth in revenue and improved delivery efficiency[6] - R&D expenses for the first three quarters of 2023 were 106,289,738.97 RMB, up from 68,933,800.33 RMB in the same period of 2022[16] - Sales expenses for the first three quarters of 2023 were 245,670,221.98 RMB, compared to 234,742,753.03 RMB in the same period of 2022[16] Order Backlog and Business Segments - The company's order backlog at the end of the reporting period was RMB 1.28 billion, including RMB 320 million from smart water business, RMB 300 million from smart water plant business, and RMB 570 million from secondary water supply business[5] Non-Recurring Items and ROE - Non-recurring gains and losses for the reporting period amounted to RMB 2.16 million, primarily from government subsidies and gains on financial assets[5] - The weighted average return on equity (ROE) for the reporting period was 0.13%, an increase of 3.11 percentage points compared to the same period last year[3]