WLGF(SH:603779)2018-10-29 16:00Financial Performance - Operating revenue decreased by 0.96% to CNY 554,369,168.64 year-to-date[6] - Net profit attributable to shareholders increased by 1.31% to CNY 34,727,546.34 year-to-date[6] - Basic earnings per share decreased by 11.76% to CNY 0.15[6] - Total operating revenue for Q3 2018 was CNY 148,747,124.76, a decrease of 9.1% compared to CNY 165,206,572.32 in Q3 2017[25] - Total operating costs for Q3 2018 were CNY 143,303,190.61, down 4.7% from CNY 150,305,578.69 in Q3 2017[25] - Revenue for Q3 2018 was ¥93,060,174.17, a decrease of 7.1% compared to ¥100,486,014.39 in Q3 2017[29] - Net profit for Q3 2018 was ¥-1,621,157.55, compared to ¥-1,874,808.46 in Q3 2017, indicating a slight improvement in losses[29] - Operating profit for the first nine months of 2018 was ¥51,689,550.67, up from ¥43,304,584.67 in the same period last year, reflecting a growth of 19.5%[29] - Total profit for the first nine months of 2018 reached ¥51,241,528.66, compared to ¥41,454,519.58 in the previous year, marking an increase of 23.1%[29] - The company reported a total comprehensive income of ¥9,418,966.97 for Q3 2018, compared to ¥7,905,403.01 in Q3 2017, an increase of 19.1%[27] - Basic earnings per share for Q3 2018 were ¥0.02, down from ¥0.04 in Q3 2017[27] Cash Flow and Liquidity - Cash flow from operating activities showed a negative net amount of CNY -3,531,781.74, compared to CNY 33,916,135.18 in the same period last year[6] - Cash flow from operating activities for the first nine months was 495,675,220.16 RMB, down 15.2% from 584,936,674.22 RMB in the same period last year[31] - Net cash flow from operating activities was -3,531,781.74 RMB, a significant decline from 33,916,135.18 RMB in the previous year[32] - Cash flow from investing activities resulted in a net outflow of -194,517,291.18 RMB, compared to -79,230,210.46 RMB last year, indicating increased investment expenditures[32] - Cash flow from financing activities generated a net inflow of 50,159,460.10 RMB, up from 11,721,123.57 RMB in the previous year, reflecting improved financing conditions[33] - The ending cash and cash equivalents balance was 69,772,403.37 RMB, compared to 42,350,668.84 RMB at the end of the previous year, indicating a stronger liquidity position[33] Assets and Liabilities - Total assets increased by 5.00% to CNY 1,978,331,119.77 compared to the end of the previous year[6] - Non-current assets totaled CNY 819,439,556.13, an increase of 23.5% from CNY 663,490,576.36 in the previous year[18] - Total liabilities amounted to CNY 575,821,648.32, an increase of 16.4% from CNY 494,558,584.83 in the previous year[18] - Current liabilities totaled CNY 531,892,930.50, a rise of 18.8% compared to CNY 447,687,320.23 in the previous year[18] - Total current assets decreased to ¥1,158,891,563.64 from ¥1,220,623,229.21, reflecting a decline in cash and cash equivalents[15] Investments and Expenditures - The company reported a significant decrease of 56.82% in cash and cash equivalents, primarily due to increased investment in a 60,000-ton premium grape wine processing project in Australia[10] - Construction in progress surged by 156.70% to CNY 244,261,964.67, reflecting investments in the Australian project[10] - Cash paid for fixed assets and other long-term assets increased by 119.96% to ¥174,694,807.18, primarily due to investments in a 60,000-ton premium grape wine processing project in Australia[12] Receivables and Payables - Accounts receivable increased by 64.01% to CNY 100,655,413.36, attributed to extended credit terms for reputable distributors[10] - Accounts payable increased by 44.82% to ¥174,669,783.84 due to the issuance of bank acceptance bills for supplier payments[11] - Prepayments decreased by 71.82% to ¥4,701,013.14, primarily due to a reduction in advance payments for goods[11] - Accounts receivable decreased to CNY 37,567,886.83 from CNY 79,871,629.83, a drop of 53.0%[20] Expenses - Financial expenses decreased by 37.47% to ¥13,794,102.82, attributed to a reduction in bank loan amounts compared to the same period last year[11] - Research and development expenses for Q3 2018 were ¥604,684.47, slightly down from ¥622,924.25 in Q3 2017[29] - Sales expenses for Q3 2018 decreased to ¥629,237.53 from ¥1,982,967.91 in Q3 2017, a reduction of 68.3%[29] - The company incurred financial expenses of ¥5,572,095.64 in Q3 2018, a slight decrease from ¥5,731,665.26 in Q3 2017[29] - The total operating costs for Q3 2018 were ¥70,037,265.45, down from ¥77,347,764.38 in Q3 2017, reflecting a decrease of 9.4%[29]