WHKG(SH:600168)2025-10-28 10:05Financial Performance - The company's operating revenue for the third quarter was ¥961,390,474.08, a decrease of 7.94% compared to the same period last year[4] - The total profit for the period was -¥7,681,458.29, while the profit for the year-to-date was ¥93,780,035.93, an increase of 24.37% year-on-year[4] - The net profit attributable to shareholders was -¥5,839,956.99 for the quarter, with a year-to-date net profit of ¥82,929,040.34, reflecting a 14.10% increase year-on-year[4] - The net profit for the third quarter of 2025 was CNY 82,799,011.63, an increase of 14.5% compared to CNY 72,209,785.68 in the same period of 2024[22] - The total profit for the third quarter of 2025 reached CNY 93,780,035.93, up from CNY 75,401,285.74 in the previous year, reflecting a growth of 24.3%[22] - Operating profit for the third quarter of 2025 was CNY 72,702,659.74, compared to CNY 53,716,004.53 in 2024, marking an increase of 35.3%[22] - Total revenue for the first three quarters of 2025 was CNY 188,219,835.76, a decrease of 8.9% compared to CNY 205,040,613.31 in the same period of 2024[30] - Operating profit for the first three quarters of 2025 was CNY -63,093,623.18, compared to CNY -44,437,415.13 in the first three quarters of 2024, indicating a worsening performance[30] - Net profit for the first three quarters of 2025 was CNY -37,136,492.32, compared to CNY -21,012,988.58 in the same period of 2024, reflecting a significant increase in losses[30] Cash Flow - The cash flow from operating activities showed a net outflow of -¥382,705,590.99 for the year-to-date, indicating a significant increase in cash payments for goods and services[5] - The cash flow from operating activities for the first three quarters of 2025 was negative at CNY -382,705,590.99, worsening from CNY -288,734,842.57 in the same period of 2024[24] - Cash flow from operating activities for the first three quarters of 2025 was CNY 22,314,181.69, a recovery from a negative cash flow of CNY -99,818,567.82 in the same period of 2024[32] - Cash flow from investing activities for the first three quarters of 2025 was CNY -258,871,999.56, compared to a positive cash flow of CNY 63,656,717.17 in the same period of 2024, indicating increased investment outflows[32] - Cash flow from financing activities for the first three quarters of 2025 was CNY 366,210,311.32, compared to CNY 2,373,624.05 in the same period of 2024, showing a significant increase in cash inflows from financing[32] - The company reported cash inflows from financing activities of CNY 8,380,245,630.80 in the first three quarters of 2025, compared to CNY 5,447,249,709.39 in 2024, representing a growth of 53.4%[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥24,438,758,459.14, a slight increase of 0.26% from the end of the previous year[5] - The total assets of the company amounted to CNY 24,438,758,459.14 as of September 30, 2025, slightly up from CNY 24,374,191,361.21 at the end of 2024[18] - The total liabilities decreased to CNY 17,852,750,633.70 as of September 30, 2025, down from CNY 18,842,660,813.04 at the end of 2024, a reduction of 5.2%[18] - Total liabilities decreased to CNY 2,949,926,786.39 from CNY 3,524,776,688.05, indicating improved financial leverage[28] - The total comprehensive income attributable to the parent company for the third quarter of 2025 was CNY 82,929,040.34, an increase from CNY 72,679,227.82 in the previous year[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,759[11] - The largest shareholder, Wuhan Water Group Co., Ltd., holds 40.18% of the shares, totaling 399,140,764 shares[11] - The equity attributable to shareholders increased by 19.86% year-on-year, reaching ¥6,365,197,881.70[5] - Shareholders' equity increased to CNY 4,158,758,514.43 from CNY 3,224,216,741.11, reflecting a stronger equity position[28] Investment and Expenses - The company optimized its debt structure, which contributed to a reduction in financial costs and improved profit margins[9] - The company reported a significant increase in research and development expenses, totaling CNY 74,920,317.86 for the first three quarters of 2025, compared to CNY 70,118,243.20 in 2024[19] - The company’s long-term equity investments increased to CNY 511,229,298.31 as of September 30, 2025, from CNY 483,240,156.93 at the end of 2024, reflecting a growth of 5.8%[16] - The company’s long-term equity investments increased slightly to CNY 4,284,685,666.43 as of September 30, 2025, compared to CNY 4,257,049,520.65 at the end of 2024[26] - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 62,143,607.75 from CNY 83,160,277.98 in the previous year[30] Cash and Cash Equivalents - The company's cash and cash equivalents decreased to CNY 839,608,764.20 as of September 30, 2025, down from CNY 1,592,391,460.08 at the end of 2024, representing a decline of 47.3%[16] - Cash and cash equivalents at the end of September 2025 totaled CNY 835,866,029.28, down from CNY 1,188,037,411.56 at the end of 2024[25] - The net cash flow from financing activities amounted to $366.21 million, an increase from $2.37 million[34] - The net increase in cash and cash equivalents was $129.65 million, compared to a decrease of $33.79 million in the previous period[34] - The beginning balance of cash and cash equivalents was $178.18 million, down from $455.01 million[34] - The ending balance of cash and cash equivalents stood at $307.84 million, compared to $421.23 million previously[34]