WSBE(SH:600421)2017-10-27 16:00Financial Performance - Operating revenue for the period was ¥25,242,402.45, up from ¥20,325,584.89 in the same period last year[6]. - Net loss attributable to shareholders was ¥2,300,625.12, compared to a loss of ¥987,965.24 in the same period last year[6]. - Basic earnings per share were -¥0.012, compared to -¥0.005 in the same period last year[6]. - Cumulative operating revenue for the first nine months of 2017 reached ¥25,242,402.45, a 24.5% increase from ¥20,325,584.89 in the same period of 2016[27]. - Cumulative net loss for the first nine months of 2017 was ¥2,739,473.42, compared to a loss of ¥1,001,374.16 in the same period of 2016[28]. - Net loss for Q3 2017 was ¥1,541,720.32, compared to a net loss of ¥145,309.43 in Q3 2016, indicating a significant increase in losses[28]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥66,385,138.06, an increase of 4.04% compared to the previous year's end[6]. - Total assets rose to ¥66,385,138.06 from ¥63,809,868.88, showing an increase of approximately 4.9%[18]. - Total liabilities increased to ¥46,528,935.32 from ¥41,214,192.72, which is an increase of about 12.8%[19]. - The total liabilities increased to ¥40,242,333.66 in Q3 2017 from ¥39,193,561.75 in Q3 2016, reflecting a growth of 2.7%[27]. - Owner's equity totaled -¥1,218,601.53 in Q3 2017, a decline from -¥234,721.33 in Q3 2016, indicating worsening financial health[27]. Cash Flow - The company generated a net cash flow from operating activities of ¥1,994,659.23, a significant improvement from a negative cash flow of -¥1,128,564.39 in the previous year[6]. - Operating cash flow for the first nine months of 2017 was CNY 1,994,659.23, compared to a negative cash flow of CNY 1,128,564.39 in the same period last year, indicating a significant improvement[34]. - The total cash inflow from operating activities was significantly higher than the cash outflow, leading to a positive net cash flow for the period[34]. - The net cash increase for the period was CNY 1,843,891.71, compared to a decrease of CNY 1,231,684.05 in the previous year[35]. - The ending cash and cash equivalents balance was CNY 2,289,090.12, up from CNY 1,823,828.86 at the end of the same period last year[35]. Shareholder Information - The total number of shareholders at the end of the reporting period was 11,462[10]. - The top three shareholders held a combined 49.46% of the shares, with Zhejiang Hengshun Investment holding 19.50%, Wuhan New Generation Technology holding 17.50%, and Shanghai Tianji Investment holding 12.46%[10]. Operational Challenges - The company reported a non-operating loss of ¥8,644.72 for the period[8]. - The company’s only normal subsidiary, Shanghai Aobai Internal Combustion Engine Parts Co., Ltd., has seen a decline in operating profit due to its small scale[14]. - The company has warned of potential significant changes in cumulative net profit compared to the same period last year, primarily due to the performance of its subsidiary[14]. - The company is under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws, which may impact its stock listing status[13]. Inventory and Receivables - Accounts receivable decreased slightly to ¥6,903,110.28 from ¥7,222,106.68, indicating a reduction of about 4.4%[17]. - Inventory decreased to ¥3,870,180.71 from ¥6,209,723.06, reflecting a decline of approximately 37.5%[17]. - Total current assets increased to ¥19,298,766.11 from ¥15,202,107.73, marking an increase of about 27.5%[17]. Management Expenses - The company reported a significant increase in management expenses, which rose to ¥4,385,008.43 for the first nine months of 2017, compared to ¥2,548,524.00 in the same period of 2016[27].