Zhejiang Wansheng (SH:603010)2015-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 636,888,276.16, representing a growth of 17.42% year-on-year[8] - Net profit attributable to shareholders of the listed company increased by 74.70% to CNY 59,418,995.57 compared to the same period last year[8] - Basic earnings per share rose by 31.11% to CNY 0.59 per share[9] - The company's net profit for the year is projected to potentially incur losses or experience significant changes compared to the same period last year[26] - Net profit for the first nine months of 2015 was ¥78,940,839.33, compared to ¥40,630,779.65 in the same period of 2014, indicating a growth of 94.1%[37] - The company's net profit for Q3 2015 was CNY 18,376,404.87, an increase of 68.5% compared to CNY 10,892,304.03 in Q3 2014[38] - The total comprehensive income for Q3 2015 reached CNY 18,563,189.67, up 71.5% from CNY 10,852,816.63 in the same period last year[39] - The company reported a net profit of CNY 26,056,774.94 for the first nine months of 2015, a decrease of 8.6% compared to CNY 28,600,044.34 in the same period of 2014[41] Assets and Liabilities - Total assets at the end of the reporting period were CNY 668,710,425.11, a decrease of 1.99% compared to the end of the previous year[8] - The company's current assets totaled CNY 374,904,952.76, down from CNY 398,272,309.95 at the beginning of the year, reflecting a decrease of approximately 5.5%[27] - The total liabilities decreased to CNY 110,477,649.05 from CNY 170,639,226.10, indicating a significant reduction of about 35.3%[29] - Total assets as of September 30, 2015, amounted to ¥569,697,326.74, a decrease from ¥595,104,893.94 at the beginning of the year[33] - Total liabilities decreased to ¥80,325,318.06 from ¥118,789,660.20 at the beginning of the year, representing a reduction of 32.3%[33] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 42,317,838.65, down 5.03% from the previous year[8] - Net cash flow from operating activities was ¥42,317,838.65, slightly down from ¥44,559,506.87 in the same period last year, reflecting a decrease of 5.5%[43] - Net cash flow from investment activities improved by 83.84%, moving from CNY -36,973,815.16 to CNY -5,976,233.13, mainly due to the maturity of financial products[20][21] - Cash inflow from operating activities for the first nine months reached ¥559,525,106.73, an increase of 11.23% compared to ¥502,826,188.35 in the previous year[43] - Cash inflow from financing activities totaled ¥78,763,305.17, a significant decrease of 87.9% from ¥654,530,067.50 in the previous year[44] Shareholder Information - The total number of shareholders at the end of the reporting period was 6,370[10] - The largest shareholder, Linhai Wansheng Investment Co., Ltd., held 33,935,000 shares, accounting for 33.94% of the total shares[10] - Key executives increased their holdings in the company, with specific purchases averaging around CNY 30.75 per share[12] - The company has committed to not reducing its shareholding in the company until December 31, 2015, as per the announcement made on July 9, 2015[26] Receivables and Expenses - The accounts receivable increased by 34.27% from CNY 16,665,737.11 to CNY 22,376,307.19 due to an increase in customer bill settlements[15] - Other receivables surged by 3,455.37% from CNY 126,285.19 to CNY 4,489,910.84, primarily due to increased external expenses related to mergers and acquisitions[15][16] - The company's sales expenses rose by 40.17% from CNY 25,322,319.55 to CNY 35,494,257.40, driven by a 29.28% increase in sales volume[18] - The income tax expense increased by 194.98% from CNY 6,617,981.25 to CNY 19,521,843.76, reflecting higher profits[18] - The company reported a decrease in sales expenses to CNY 21,496,288.51 for the first nine months of 2015, down from CNY 14,077,176.33 in the previous year[40]