Wisesoft(SZ:002253)2018-10-24 16:00Financial Performance - The company's operating revenue for the third quarter reached ¥97,752,412.44, representing a 73.37% increase compared to the same period last year[8]. - Net profit attributable to shareholders was ¥11,062,479.00, up 50.32% year-on-year, while the net profit after deducting non-recurring gains and losses increased by 107.82% to ¥7,739,022.78[8]. - The company reported a non-recurring gain of ¥16,226,538.19, which accounted for 51.84% of the net profit attributable to shareholders, primarily due to the completion of intangible asset transfers[10]. - The estimated net profit attributable to shareholders for 2018 is expected to range from 49.99 million yuan to 59.08 million yuan, representing a change of 10% to 30% compared to 2017[20]. Cash Flow and Assets - The net cash flow from operating activities decreased by 54.01% to ¥8,719,836.95, indicating a significant decline in cash generation[8]. - Cash and cash equivalents decreased by ¥85,840,600.6, a decline of 32.78%, mainly due to ongoing investments in R&D projects[15]. - Total assets at the end of the reporting period were ¥1,520,904,166.89, a slight decrease of 0.46% from the end of the previous year[8]. - Net cash flow from operating activities decreased by 22.93 million yuan, a decline of 119.08% year-on-year, mainly due to reduced government grants received[18]. - Net cash flow from financing activities decreased by 20.80 million yuan, a decline of 561.35% year-on-year, primarily due to a previous investment from minority shareholders[18]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,144, with the top ten shareholders holding significant stakes[12]. - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[21][22]. Expenses and Management - Management expenses increased by 8.28 million yuan, a growth rate of 32.03% year-on-year, mainly due to the recognition of stock option expenses of 6.38 million yuan[17]. - R&D expenses increased by 1.53 million yuan, a growth rate of 191.25% year-on-year, primarily due to increased project expenditures[17]. - Other income decreased by 7.87 million yuan, a decline of 65.68% year-on-year, primarily due to a reduction in government subsidies[17]. - Asset impairment losses decreased by 3.41 million yuan, a decline of 18,813.21% year-on-year, mainly due to the recovery of receivables[17]. Inventory and Borrowings - Inventory increased by ¥40,519,400.0, a growth of 33.99%, influenced by the procurement of simulation equipment and changes in subsidiary consolidation[15]. - Short-term borrowings rose by ¥2,800,000.0, a 56.00% increase, reflecting new short-term loans taken by subsidiaries[15]. Future Outlook and Strategy - The company anticipates steady growth in performance due to new product promotions in the market[20]. - Future outlook indicates a projected revenue growth of 25% for the next fiscal year, driven by new product launches and market expansion strategies[25]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[25]. - A strategic acquisition of a local software firm is expected to enhance product offerings and increase market competitiveness[25]. - New product lines are anticipated to contribute an additional 100 million RMB in revenue by the end of the fiscal year[25]. - The gross margin improved to 45%, up from 40% in the previous year, reflecting better cost management[25]. - Customer satisfaction ratings improved to 90%, indicating strong user engagement and loyalty[25]. - The company aims to reduce operational costs by 15% through efficiency improvements and automation[25].