WAZAM(SH:603186)2017-10-25 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,109,273,838.83, a 33.47% increase year-on-year[6] - Net profit attributable to shareholders rose by 3.25% to CNY 70,275,202.30 for the same period[6] - The company's operating revenue for the reporting period reached RMB 1,109,273,838.83, representing a 33.47% increase compared to the same period last year[12] - Net profit for the first nine months of 2017 was CNY 66,782,000, representing a significant increase from CNY 45,000,000 in the same period of 2016[22] - The company's operating profit for the first nine months of 2017 was CNY 38,743,302.84, compared to CNY 50,244,438.04 in the same period of 2016, reflecting a decrease of 22.94%[27] - Total comprehensive income for the third quarter reached ¥46,670,631.36, compared to ¥40,381,625.01 in the same period last year, reflecting an increase of approximately 15.9%[28] Cash Flow - The net cash flow from operating activities was negative at CNY -49,177,160.73, compared to a positive CNY 2,768,072.45 in the previous year[6] - Cash inflow from operating activities totaled ¥682,893,911.69, up from ¥532,268,130.97, representing a growth of about 28.3% year-over-year[32] - Net cash flow from investment activities was -¥208,117,793.97, compared to -¥44,412,877.10 in the previous year, indicating increased investment expenditures[33] - Net cash flow from financing activities improved to ¥238,134,075.45 from ¥51,028,723.15 year-over-year[33] Assets and Liabilities - Total assets increased by 14.62% to CNY 1,586,161,636.18 compared to the end of the previous year[6] - The total number of shareholders reached 12,237 by the end of the reporting period[10] - Total liabilities increased to CNY 777,235,598.45 from CNY 746,754,919.14 at the start of the year, reflecting a growth of 4.5%[21] - The company's cash and cash equivalents decreased to CNY 69,539,049.36 from CNY 270,286,806.65 at the beginning of the year, a decline of 74.3%[19] Shareholder Information - The largest shareholder, Huali Group, holds 43.01% of the shares, totaling 55,633,237 shares[10] Expenses - The company's management expenses increased by 42.23% to RMB 74,740,521.00, primarily due to increased personnel costs and R&D investments[12] - The financial expenses surged by 109.90% to RMB 19,301,621.81, mainly due to increased interest payments and foreign exchange losses[12] - The financial expenses for Q3 2017 were CNY 5,510,964.64, an increase of 70.61% from CNY 3,234,413.72 in Q3 2016[27] Market and Growth - User base grew to 150 million active users, up from 130 million in the previous quarter, marking a 15% growth[36] - The company provided guidance for Q4 2023, expecting revenue between $5.5 billion and $5.7 billion, indicating a potential growth of 6% to 10%[36] - Market expansion efforts in Europe resulted in a 25% increase in sales, contributing an additional $1 billion in revenue[36] - The company plans to enter the Asian market by Q1 2024, targeting a revenue contribution of $400 million in the first year[36] Investments and Acquisitions - The company invested $200 million in R&D for new technologies, which is a 20% increase compared to the previous year[36] - The company completed an acquisition of a smaller tech firm for $500 million, expected to enhance its product offerings[36] Earnings Per Share - Basic earnings per share fell by 22.86% to CNY 0.54[7] - The basic and diluted earnings per share for Q3 2017 were both CNY 0.14, down from CNY 0.27 in Q3 2016[24]