WST(SH:688122)2019-10-30 16:00Financial Performance - Operating revenue for the first nine months was RMB 983,426,748.07, representing a 30.81% increase compared to the same period last year[5] - Net profit attributable to shareholders of the listed company was RMB 111,855,216.31, up 11.77% year-on-year[5] - Basic earnings per share increased to RMB 0.27, an 8.00% rise from RMB 0.25 in the same period last year[6] - The company reported a significant increase in capital reserves to CNY 1,753,523,728.46 from CNY 1,194,180,281.56, reflecting a growth of about 46.8%[17] - The company achieved a total profit of approximately ¥129.47 million for the first nine months of 2019, compared to ¥116.68 million in the same period of 2018, representing a growth of 10.9%[27] Assets and Liabilities - Total assets at the end of the reporting period reached RMB 4,536,816,829.16, an increase of 13.58% compared to the end of the previous year[5] - Current assets totaled CNY 3,271,911,466.97, compared to CNY 2,798,456,621.52 in the previous year, indicating a year-over-year increase of about 16.9%[16] - Total liabilities decreased to CNY 1,961,231,509.80 from CNY 2,014,927,463.12, reflecting a reduction of approximately 2.6%[17] - The total assets as of September 30, 2019, included trading financial assets of RMB 408.90 million, which were acquired using raised funds for principal-protected financial products[11] - The company’s long-term equity investments increased by 67.51% to RMB 30.76 million, primarily due to investments in two associated companies totaling RMB 10.40 million[11] Cash Flow - The net cash flow from operating activities for the first nine months was negative RMB 342,005,085.36, a decline of 381.90% compared to the previous year[5] - The net cash flow from financing activities for the first three quarters of 2019 was RMB 391.85 million, a 512.89% increase compared to RMB 63.93 million in the same period of 2018, mainly due to funds raised from the Sci-Tech Innovation Board[12] - Cash inflow from operating activities for the first three quarters of 2019 was CNY 727,388,331.50, up from CNY 692,760,251.49 in 2018, indicating a growth of about 5.03%[29] - The company reported a total cash outflow of CNY 1,069,393,416.86 for operating activities in the first three quarters of 2019, compared to CNY 571,440,049.61 in 2018, indicating a significant increase[30] - The net cash flow from financing activities was RMB 395,745,016.64, a significant increase from RMB 63,588,588.46 in the previous year[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 17,293, with the top ten shareholders holding significant stakes[9] - The largest shareholder, Northwest Nonferrous Metal Research Institute, held 22.67% of the shares, totaling 100,035,000 shares[9] - Shareholders' equity rose to CNY 2,575,585,319.36, up from CNY 1,979,467,244.65, marking an increase of around 30.1%[17] Operational Costs and Expenses - The company's gross profit margin decreased due to a 35.41% increase in operating costs, which reached RMB 640.61 million compared to RMB 473.10 million in the previous year[11] - Total operating costs for Q3 2019 were ¥293,981,798.83, up from ¥206,566,922.03 in Q3 2018, reflecting a 42.3% increase[23] - R&D expenses for Q3 2019 amounted to ¥47,180,910.89, compared to ¥37,577,515.97 in Q3 2018, indicating a 25.5% increase[23] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]