威尔泰(002058) - 2017 Q3 - 季度财报

Financial Performance - Operating revenue for the reporting period was CNY 29,731,904.20, an increase of 11.59% year-on-year [7]. - Net profit attributable to shareholders was CNY 2,424,823.10, a significant increase of 37.03% compared to the same period last year [7]. - The basic earnings per share for the reporting period was CNY 0.0169, up 37.40% year-on-year [7]. - Total profit for the period decreased by ¥1,194,654.23, a decline rate of 821.74%; net profit attributable to shareholders decreased by ¥1,822,875.77, a decline rate of 502.56% [16]. Cash Flow - Cash flow from operating activities showed a net outflow of CNY 10,634,377.62, a decline of 161.86% compared to the previous year [7]. - Net cash flow from operating activities decreased by ¥6,573,347.42, a decline of 161.86%, due to increased procurement expenses [16]. - Net cash flow from investing activities decreased by ¥5,701,213.85, a decline of 55.54%, mainly due to reduced net recovery of funds from financial products [16]. - Net cash flow from financing activities increased by ¥1,859,899.14, a growth of 39.33%, primarily due to the repayment of short-term loans from a subsidiary [17]. - The net increase in cash and cash equivalents decreased by ¥10,414,472.93, a decline of 705.15%, attributed to increased procurement expenses and reduced income from financial products [17]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 213,151,768.40, a decrease of 2.09% compared to the end of the previous year [7]. - Inventory at the end of the reporting period increased by CNY 13,599,866.63, a growth of 39.61% due to increased sales of new products [14]. - The balance of construction in progress increased by CNY 523,968.24, a rise of 57.65%, mainly due to investments in expanding production capacity for flow sensors [14]. - Accounts payable at the end of the period increased by ¥7,404,766.71, a growth of 54.34%, due to increased operating income and inventory [15]. - The balance of advance receipts at the end of the period increased by ¥2,155,175.90, a growth of 111.28%, mainly due to an increase in uncompleted orders [15]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 9,120 [10]. - The largest shareholder, Shanghai Zizhu High-tech Zone (Group) Co., Ltd., held 24.41% of the shares, totaling 35,020,706 shares [10]. Market Outlook - The company expects a net loss for the year 2017, estimated between ¥-2,000,000 and ¥0, compared to a net profit of ¥523.34 million in 2016 [19]. - The overall market environment is gradually improving, but demand for traditional products remains limited, while new products are still in the early stages [19]. Research and Development - The company reported a decrease in development expenses by CNY 331,473.36, a decline of 52.38%, as the R&D for the electromagnetic water meter converter project was completed [14].