WSBE(SH:600421)2025-10-29 10:40Financial Performance - The company's operating revenue for the third quarter was ¥53,416,192.23, an increase of 65.88% compared to the same period last year[4] - The net profit attributable to shareholders was ¥1,418,295.06, representing a significant increase of 141.43% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,233,166.41, up 286.15% from the previous year[4] - Total operating revenue for the first three quarters of 2025 reached ¥109,058,531.08, a significant increase from ¥76,637,441.20 in the same period of 2024, representing a growth of approximately 42.3%[18] - The net profit for the first three quarters of 2025 was a loss of ¥2,235,290.35, worsening from a loss of ¥650,102.59 in the same period of 2024[19] - The basic and diluted earnings per share for the first three quarters of 2025 were both -0.011, compared to -0.014 in 2024[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥183,018,937.25, an increase of 18.57% compared to the end of the previous year[5] - The company's current assets reached CNY 158,308,258.16, up from CNY 129,440,381.01, indicating a growth of about 22.3%[13] - The total liabilities increased to CNY 167,548,631.84 from CNY 117,710,063.38, representing a rise of approximately 42.4%[15] - The company's total equity decreased to CNY 15,470,305.41 from CNY 36,649,494.65, a decline of approximately 57.7%[15] - The company’s long-term liabilities decreased to CNY 9,199,359.43 from CNY 10,782,778.36, a reduction of about 14.7%[15] Cash Flow - The net cash flow from operating activities was -¥3,716,095.33, indicating a cash outflow during the quarter[4] - The net cash flow from operating activities for the first three quarters of 2025 was a negative ¥9,070,478.11, compared to a negative ¥2,932,505.84 in 2024[24] - Cash and cash equivalents at the end of the first three quarters of 2025 totaled ¥7,176,362.88, up from ¥6,631,754.85 at the end of the same period in 2024[25] - The company reported a net cash inflow from financing activities of ¥36,938,566.18 in the first three quarters of 2025, compared to a net outflow of ¥4,562,817.18 in 2024[24] - The total cash inflow from operating activities in the first three quarters of 2025 was ¥116,641,114.83, compared to ¥94,323,281.05 in 2024, reflecting an increase of approximately 23.6%[24] Shareholder Information - The company reported a total of 6,377 common shareholders at the end of the reporting period[10] - Zhejiang Hengshun Investment Co., Ltd. was the largest shareholder, holding 19.50% of the shares[10] - Wuhan New Generation Technology Co., Ltd. held 17.50% of the shares and had all its shares pledged[10] - The total number of shares held by major shareholders includes Wuhan New Generation Technology Co., Ltd. holding 16,234,261 shares, representing 8.30% of the total shares[12] Operational Metrics - The weighted average return on net assets was 24.98%, a significant recovery from -29.50% in the previous year[5] - The company experienced a significant increase in revenue due to an increased equity stake in Zhejiang Zhuangchen[8] - Research and development expenses for the first three quarters of 2025 were ¥4,137,596.17, slightly down from ¥4,284,499.93 in 2024[19] - The company experienced a credit impairment loss of ¥-349,294.05 in the first three quarters of 2025, contrasting with a gain of ¥2,098,120.88 in the same period of 2024[19] Inventory and Receivables - Accounts receivable rose to CNY 110,475,490.43 from CNY 85,793,848.34, showing an increase of approximately 28.8%[13] - Inventory levels increased to CNY 17,271,816.54 from CNY 9,676,905.89, reflecting an increase of about 78.5%[14] - The company's cash and cash equivalents stood at CNY 7,188,362.88, compared to CNY 3,531,926.27, marking an increase of around 103.7%[13]