WLGF(SH:603779)2017-10-26 16:00Financial Performance - Net profit attributable to shareholders increased by 18.03% to CNY 34,280,064.27 for the first nine months of the year[6] - Revenue for the first nine months rose by 8.19% to CNY 559,723,174.54 compared to the same period last year[6] - The company's net profit for the first nine months of 2017 was ¥53,910,664.81, compared to ¥42,778,784.76 in the same period last year, reflecting a growth of 26.0%[25] - The total profit for the first nine months of 2017 was CNY 41,454,519.58, compared to CNY 73,489,336.17 in the previous year, representing a decrease of about 43.56%[28] - The net profit attributable to the parent company for Q3 2017 was CNY 8,010,563.09, compared to CNY 7,841,231.84 in Q3 2016, reflecting an increase of about 2.15%[26] - The total comprehensive income for Q3 2017 was CNY 7,905,403.01, up from CNY 7,735,745.86 in the same period last year, indicating a growth of approximately 2.20%[26] Cash Flow - Operating cash flow increased significantly by 372.60% to CNY 33,916,135.18 year-on-year[6] - Net cash flow from operating activities surged by 372.60% to ¥33,916,135.18, driven by increased sales and reduced tax payments[12] - The cash inflow from operating activities for the year-to-date period reached ¥584,936,674.22, an increase of 26.5% compared to ¥461,960,577.08 in the same period last year[30] - The net cash flow from operating activities was ¥33,916,135.18, significantly up from ¥7,176,502.91 year-on-year[30] - The cash outflow for purchasing goods and services was ¥314,329,746.36, compared to ¥195,148,231.45 in the previous year, reflecting a 60.9% increase[30] Assets and Liabilities - Total assets increased by 4.76% to CNY 1,579,790,448.12 compared to the end of the previous year[6] - Total liabilities increased to ¥617,465,624.02 from ¥521,080,597.30, representing a rise of 18.5%[23] - The company reported a significant increase in prepayments, which rose to ¥281,288,255.23 from ¥154,648,502.96, a growth of 81.6%[22] - The company’s receivables decreased by 59.17% to CNY 20,198,097.50, attributed to an increase in discounted notes[11] - Long-term payables increased by 79.99% to ¥3,767,570.53, primarily due to equipment financing leases in the Australian subsidiary[12] Shareholder Information - The number of shareholders reached 24,076 by the end of the reporting period[8] - The company has a major shareholder, Wang Zhenhai, holding 52.64% of shares, with a portion pledged[8] Investment and Financing Activities - The company plans to raise up to ¥574.8 million through a non-public offering to fund a 60,000-ton premium grape wine processing project in Australia[13] - The cash inflow from financing activities totaled ¥460,346,519.29, down from ¥700,682,955.51 in the previous year, representing a decline of 34.3%[31] - The net cash flow from financing activities was ¥11,721,123.57, a significant drop from ¥91,335,175.87 year-on-year[31] Other Financial Metrics - The weighted average return on equity decreased by 0.28 percentage points to 4.32%[6] - Operating income decreased by 95.13% to ¥161,434.67, attributed to a reduction in government subsidies recorded as operating income[12] - The gross profit for Q3 2017 was ¥14,880,976.94, which is an increase of 15.5% from ¥12,047,419.58 in Q3 2016[25] - The operating costs for Q3 2017 were CNY 77,347,764.38, an increase from CNY 72,984,330.49 in Q3 2016, which is an increase of approximately 5.00%[27] - The sales expenses for Q3 2017 were CNY 1,982,967.91, significantly higher than CNY 857,701.00 in Q3 2016, marking an increase of about 131.00%[27]