WBTL(SH:603596)2025-10-29 11:15Financial Performance - The company's operating revenue for Q3 2025 reached ¥3,193,476,416.44, representing a year-on-year increase of 22.48%[4] - The total profit for the period was ¥436,376,462.25, reflecting a growth of 17.88% compared to the same period last year[4] - Net profit attributable to shareholders was ¥369,153,830.47, which is a 15.15% increase year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥350,555,593.37, up by 21.96% from the previous year[4] - Total operating revenue for the first three quarters of 2025 reached ¥8,357,282,726.53, a 27.1% increase from ¥6,578,233,006.32 in the same period of 2024[31] - Net profit for the first three quarters of 2025 was ¥900,127,799.19, representing a 14.1% increase compared to ¥788,437,873.02 in 2024[32] - Total comprehensive income for the period reached CNY 1,021,389,436.43, an increase from CNY 734,752,727.29 in the previous year, representing a growth of approximately 39.1%[33] - Basic earnings per share increased to CNY 1.47 from CNY 1.28, reflecting a growth of 14.8%[33] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥16,295,196,186.84, an increase of 27.45% compared to the end of the previous year[5] - The company's total assets amounted to ¥16,295,196,186.84, an increase from ¥12,786,035,768.51 in the previous year[29] - Total liabilities increased to ¥8,358,517,195.85, compared to ¥5,845,772,549.43 in the previous year[28] - The company's cash and cash equivalents increased significantly, contributing to a total current asset of ¥12,413,012,929.47, up from ¥9,255,312,766.25[28] - The total equity attributable to shareholders increased to ¥7,543,601,793.54 from ¥6,555,921,414.57[29] - The company’s financial leverage ratio improved, with total non-current liabilities decreasing to ¥3,105,074,614.72 from ¥520,266,294.43[28] Cash Flow - Cash flow from operating activities showed a net amount of ¥591,072,239.03, which decreased by 4.94% year-on-year[4] - Net cash flow from operating activities was CNY 591,072,239.03, a decrease of 4.9% compared to CNY 621,782,356.71 in the same period last year[36] - Total cash inflow from operating activities was CNY 9,588,773,031.27, compared to CNY 7,028,372,372.06 in the previous year, marking a growth of 36.2%[36] - Cash received from sales of goods and services amounted to CNY 9,372,410,961.11, up 39.4% from CNY 6,746,322,047.10 in the previous year[35] - The company reported a net cash outflow from investing activities of CNY -2,761,056,001.48, compared to CNY -356,583,075.90 in the same period last year, indicating increased investment activities[36] - Cash flow from financing activities generated a net inflow of CNY 2,693,201,640.46, a significant improvement from a net outflow of CNY -315,006,668.77 in the previous year[37] Research and Development - The total number of projects under research increased to 536, a growth of 24.07% compared to the same period last year[15] - The company has 181 projects under research for electronic parking brake systems, with 89 of them related to new energy vehicles[17] - The company has 30 projects under research for advanced driver assistance systems, with 21 related to new energy vehicles[19] - Research and development expenses for the first three quarters of 2025 were ¥444,359,277.04, compared to ¥384,465,444.08 in the same period of 2024, indicating a focus on innovation[32] Sales and Production - The company's main business revenue for the first nine months of 2025 reached CNY 816.70 million, representing a year-on-year growth of 28.05%[14] - Sales of smart electronic control products increased to 4,732,944 units, a year-on-year growth of 41.56%[14] - The sales of lightweight brake components reached 10,470,910 units, reflecting a year-on-year growth of 8.38%[14] - The number of new designated projects reached 413, marking a 37.21% increase year-on-year, with an expected annualized revenue of CNY 7.10 billion[15] - The company is actively expanding its production capacity, with the second phase of the Mexico project progressing as planned[22] Government Support - The company received government subsidies amounting to ¥13,474,172.57 during the period, contributing positively to its financial performance[7] Inventory and Expenses - The company reported a significant increase in inventory, which rose to ¥1,680,749,431.54 from ¥1,419,969,043.80[28] - The company experienced a 73.10% increase in prepaid expenses, primarily due to higher advance payments for materials[9]