WST(SH:688122)2023-10-30 16:00Revenue and Profit - Revenue for Q3 2023 was approximately ¥976.19 million, a decrease of 17.45% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2023 was approximately ¥161.46 million, down 47.24% year-over-year[4] - The net profit attributable to shareholders for the year-to-date period was approximately ¥582.56 million, down 32.13% compared to the same period last year[4] - Net profit for Q3 2023 was CNY 609,757,907.29, down 30.1% from CNY 872,971,834.18 in Q3 2022[21] - Earnings per share for Q3 2023 was CNY 0.90, compared to CNY 1.32 in Q3 2022, reflecting a decline of 31.8%[22] Research and Development - R&D investment for Q3 2023 totaled approximately ¥75.75 million, an increase of 36.62% compared to the same period last year[5] - The proportion of R&D investment to revenue increased to 7.76%, up 3.07 percentage points year-over-year[5] - Research and development expenses rose to CNY 208,188,126.26, an increase of 20.1% from CNY 173,339,219.78 in the previous year[20] Assets and Liabilities - Total assets at the end of Q3 2023 were approximately ¥11.62 billion, an increase of 2.79% from the end of the previous year[5] - Total assets reached CNY 11.62 billion, up from CNY 11.31 billion, marking an increase of approximately 2.7% year-over-year[18] - The total liabilities decreased to CNY 5.67 billion from CNY 6.02 billion, indicating a decline of approximately 5.8%[18] - Total liabilities increased to CNY 5,075,517,547.77, up from CNY 4,944,586,209.49, indicating a growth of 2.6%[20] - Total equity attributable to shareholders reached CNY 6,151,174,174.23, compared to CNY 5,996,538,862.66, marking an increase of 2.6%[20] Cash Flow - The company reported a net cash flow from operating activities of approximately -¥219.94 million for the year-to-date period[5] - Cash inflow from operating activities for the first three quarters of 2023 was approximately $2.55 billion, compared to $2.49 billion in the same period of 2022, reflecting a year-over-year increase of about 2.5%[25] - The net cash flow from operating activities for Q3 2023 was -$219.94 million, a decline from -$196.97 million in Q3 2022[25] - The total cash outflow from operating activities in Q3 2023 was approximately $2.77 billion, compared to $2.68 billion in Q3 2022, indicating a year-over-year increase of about 3.3%[25] Inventory and Receivables - Accounts receivable increased to CNY 2.47 billion, up from CNY 1.31 billion, indicating a growth of approximately 88.5%[16] - Inventory rose to CNY 3.11 billion, compared to CNY 2.38 billion, reflecting an increase of about 30.5%[16] Financial Performance - The weighted average return on equity for Q3 2023 was 2.66%, a decrease of 2.80 percentage points year-over-year[5] - The company reported a profit before tax of CNY 691,111,954.22, down from CNY 1,001,078,733.10, a decrease of 30.9% year-on-year[21] - The company’s financial expenses increased significantly to CNY 31,018,081.75, compared to CNY 17,395,196.07 in the previous year, reflecting an increase of 78.5%[20] Other Information - The company reported no significant changes in shareholder structure, with the top ten shareholders holding a combined 56.1% of shares[12] - The company has not disclosed any new product launches or technological advancements in this quarter[14] - There are no significant updates regarding market expansion or mergers and acquisitions in the current report[14]