Weaver Network(SH:603039)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 21.34% to CNY 59,208,456.97 for the first nine months of the year[6]. - Operating revenue for the first nine months reached CNY 622,450,395.90, marking a 38.82% increase year-on-year[6]. - The net cash flow from operating activities increased by 20.34% to CNY 90,588,423.57 compared to the same period last year[6]. - Basic earnings per share decreased by 17.81% to CNY 0.60[7]. - The weighted average return on net assets decreased by 1.15 percentage points to 9.43%[7]. - The net profit attributable to shareholders, excluding the impact of equity incentives, was ¥76,443,333.22, representing a 56.66% increase year-over-year[17]. - The net profit attributable to the parent company for the first nine months of 2018 was ¥339,863,652.80, compared to ¥295,068,308.72 for the same period last year, indicating a growth of approximately 15.2%[27]. - The net profit attributable to the parent company for Q3 2018 was CNY 22,957,884.99, up from CNY 20,870,814.26, reflecting a growth of 10.1% year-over-year[31]. - The company's total comprehensive income for Q3 2018 was CNY 22,875,059.31, compared to CNY 20,946,066.60 in the same quarter last year, marking an increase of 9.7%[32]. - The company's total comprehensive income for Q3 2018 was CNY 21,053,945.10, compared to CNY 20,168,195.96 in the same period last year, indicating a year-over-year increase of about 4.4%[35]. Assets and Liabilities - Total assets increased by 12.75% to CNY 1,477,999,252.36 compared to the end of the previous year[6]. - Total assets increased to ¥1,477,999,252.36 from ¥1,310,890,692.14, reflecting overall growth[23]. - The company's total liabilities increased to ¥746,651,985.81 from ¥661,292,321.85, representing a rise of about 12.9%[27]. - The company's total equity rose to ¥664,990,092.04 from ¥599,918,422.96, reflecting an increase of about 10.8%[27]. - The total current liabilities increased to ¥663,614,293.51 from ¥578,254,629.55, representing a growth of approximately 14.7%[26]. - Accounts receivable increased by 55.15% to ¥74,591,566.62 from ¥48,075,893.79 due to project acceptance growth during the reporting period[15]. - Other receivables rose by 90.08% to ¥14,826,428.34 from ¥7,800,074.78, primarily due to an increase in deposits[15]. - The company's cash and cash equivalents decreased to ¥614,352,191.06 from ¥657,951,620.85, a decline of about 6.6%[25]. - Cash and cash equivalents at the end of Q3 2018 totaled CNY 52,570,201.13, compared to CNY 19,555,812.91 at the end of the previous year[38]. - The ending cash and cash equivalents balance was $47.97 million, a decrease from $13.12 million year-over-year[42]. Cash Flow - Cash flow from operating activities for the first nine months of 2018 was CNY 90,588,423.57, an increase from CNY 75,276,567.15 in the previous year, representing a growth of approximately 20.5%[37]. - Cash inflow from investment activities for the first nine months of 2018 was CNY 1,559,429,437.59, down from CNY 4,582,029,627.43 in the previous year[38]. - Net cash flow from investment activities for the first nine months of 2018 was -CNY 436,942,637.63, an improvement from -CNY 686,971,988.67 year-over-year[38]. - The company reported a total cash outflow from operating activities of CNY 699,626,416.46 for the first nine months of 2018, compared to CNY 504,970,128.23 in the previous year[37]. - Cash flow from operating activities was significantly impacted by a total cash outflow of $661.17 million, up from $491.31 million, reflecting a 34.6% increase[41]. - The company reported a net increase in cash and cash equivalents of -$293.71 million, compared to -$322.99 million in the previous year, showing a slight improvement[41]. Investments and Expenses - Research and development expenses increased by 54.77% to ¥90,921,785.70 from ¥58,746,013.04, reflecting continued investment in R&D[16]. - Research and development expenses for Q3 2018 totaled CNY 32,809,174.79, an increase of 44.7% compared to CNY 22,672,431.88 in Q3 2017[34]. - The company reported a 325.92% increase in employee compensation payable, rising to ¥41,968,647.75 from ¥9,853,701.02, due to accrued bonuses for the first three quarters[15]. - The company received government subsidies totaling ¥44,106,299.01 during the reporting period, which were included in current profits[17]. - The company reported a financial expense of CNY -3,642,042.85 for Q3 2018, compared to CNY -84,080.56 in the same period last year, indicating a significant change in financial costs[34]. - The company achieved a total investment income of CNY 3,141,709.97 in Q3 2018, compared to CNY 2,616,288.78 in the same quarter last year, representing a growth of 20.0%[34]. Shareholder Information - The number of shareholders reached 3,881 by the end of the reporting period[11]. - The top shareholder, Wei Lidong, holds 33.09% of the shares, totaling 33,921,600 shares[11]. Other Information - The company has not disclosed any new product developments or market expansion strategies in this report[10].