WDM(SH:600055)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 62.51% to CNY 148,040,394.45 year-on-year[13] - Operating income grew by 15.59% to CNY 736,285,898.06 for the first nine months of the year[13] - Basic earnings per share increased by 62.13% to CNY 0.274[13] - The company reported a net profit of CNY 138,629,823.56 after deducting non-recurring gains and losses, reflecting a 66.87% increase year-on-year[13] - The company reported a significant increase in operating profit, total profit, and net profit, primarily driven by increased sales of pandemic-related products[23] - Net profit for the first three quarters of 2020 reached CNY 736.29 million, an increase of 15.6% compared to CNY 637.00 million in the same period of 2019[36] - The company reported a total comprehensive income of approximately ¥45.87 million for Q3 2020, compared to ¥57.10 million in Q3 2019[45] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 203,304,422.91, a 277.45% increase compared to the same period last year[13] - The net cash flow from operating activities increased compared to the same period last year, primarily due to an increase in sales revenue[23] - The cash flow from operating activities for Q3 2020 was approximately ¥203.30 million, a significant improvement from a negative cash flow of ¥114.57 million in Q3 2019[48] - Total cash inflow from operating activities reached ¥983,380,415.24, up from ¥620,933,760.81 in the previous year, indicating a year-over-year increase of approximately 58.2%[50] Assets and Liabilities - Total assets increased by 7.79% to CNY 2,766,119,189.16 compared to the end of the previous year[13] - The company's total assets reached approximately ¥2.77 billion, up from ¥2.57 billion, marking an increase of 8.2%[29] - The company's total assets as of September 30, 2020, amounted to CNY 2.51 billion, up from CNY 2.31 billion at the end of 2019[35] - Total liabilities increased to CNY 407.14 million in Q3 2020 from CNY 338.46 million in Q3 2019[36] - The company’s total liabilities included accounts payable of ¥144,586,555.89 and other payables of ¥46,589,100.46[56] - Total liabilities amounted to ¥382,593,008.78, with current liabilities at ¥354,782,002.59 and non-current liabilities at ¥27,811,006.19[58] Shareholder Information - The total number of shareholders at the end of the reporting period was 42,166[16] - Jiangsu Yuyue Technology Development Co., Ltd. held 26.72% of the shares, making it the largest shareholder[16] - The total equity attributable to shareholders was CNY 2.21 billion, an increase from CNY 2.09 billion in the previous year[34] - Total equity attributable to shareholders reached ¥2,089,004,614.95, with total equity including minority interests at ¥2,183,671,831.93[58] Research and Development - Research and development expenses increased to CNY 18,339,606.81, up from CNY 14,794,361.03 in the previous quarter, reflecting a focus on innovation[41] - Research and development expenses increased to ¥15.26 million in Q3 2020, up 10.7% from ¥13.79 million in Q3 2019[44] Government Support - The company received government subsidies amounting to CNY 1,630,050.44 for the year-to-date period[13] Inventory and Receivables - Accounts receivable decreased to ¥159.77 million from ¥258.53 million, indicating a reduction of 38.2%[27] - Inventory increased to ¥297.13 million, up from ¥188.33 million, representing a growth of 57.8% due to pandemic-related stockpiling[27] - The company reported a significant increase in long-term receivables, reaching CNY 302.29 million, up from CNY 236.40 million[35] Financial Management - Sales expenses were CNY 33,754,935.05, a decrease from CNY 36,257,979.63 in the previous quarter, indicating improved cost management[41] - Financial expenses showed a reduction, with interest expenses recorded at CNY 773,161.38, down from the previous quarter[41]