WSBE(SH:600421)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 33,182,677.63, a decrease of 16.24% compared to the same period last year[4]. - The net profit attributable to shareholders was a loss of CNY 1,119,693.98, with a year-to-date loss of CNY 3,575,689.21[4]. - Total operating revenue for the first three quarters of 2023 reached ¥90,117,257.55, an increase of 13.3% compared to ¥79,119,688.00 in the same period of 2022[16]. - The net profit for the third quarter of 2023 was -¥1,687,101.87, an improvement from -¥5,226,734.44 in the same quarter of 2022[17]. - The company's retained earnings showed a deficit of -¥435,179,523.66, slightly worsening from -¥431,603,834.45 in the previous year[15]. - The basic and diluted earnings per share for the third quarter of 2023 were both -¥0.018, compared to -¥0.026 in the same quarter of 2022, indicating a slight improvement[17]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 148,802,756.74, reflecting an increase of 16.77% from the end of the previous year[5]. - The total assets as of the end of the third quarter of 2023 amounted to ¥148,802,756.74, compared to ¥127,433,325.82 at the end of the previous year, indicating a growth of 16.7%[15]. - The total liabilities increased to ¥104,193,278.03 in the third quarter of 2023, up from ¥81,107,590.59 in the same period of 2022, representing a rise of 28.5%[14]. Cash Flow - The cash flow from operating activities for the year-to-date was CNY 292,039.71[4]. - The company's cash flow from operating activities for the first three quarters of 2023 showed a significant change, with specific figures to be detailed in the cash flow statement[18]. - The net cash flow from operating activities for the first three quarters of 2023 was ¥292,039.71, a turnaround from a negative cash flow of ¥-18,518,432.72 in the same period of 2022[19]. - The cash inflow from sales and services reached ¥91,641,985.17, a significant increase from ¥60,271,287.92 in the same period of 2022, representing a growth of approximately 52%[19]. - The cash inflow from financing activities of ¥45,070,040.00 in the first three quarters of 2023, which is a significant increase from ¥23,500,000.00 in the same period of 2022, representing a growth of approximately 92%[20]. Investments and Expenditures - The total cash outflow from investment activities in the first three quarters of 2023 was ¥16,667,736.95, compared to ¥869,351.00 in the same period of 2022, indicating a substantial increase in investment expenditures[20]. - The company made cash payments of ¥15,000,000.00 related to investment activities in the first three quarters of 2023, which was not reported in the same period of 2022[20]. Operational Metrics - Cash and cash equivalents increased by 74.45% compared to the previous period, primarily due to increased borrowings from related parties[6]. - Accounts receivable financing rose by 109.82%, mainly due to higher bank acceptance bills received by a subsidiary[6]. - Prepayments surged by 558.48%, attributed to advance payments made by a subsidiary for goods[6]. - The company reported a significant increase in contract liabilities by 101.35%, due to increased advance sales payments received by a subsidiary[6]. - Research and development expenses for the first three quarters of 2023 were ¥4,510,289.68, compared to ¥4,001,577.85 in the same period of 2022, reflecting an increase of 12.7%[16]. - The company reported a decrease in accounts payable, which rose to ¥20,206,862.55 from ¥16,370,903.72, indicating a growth of 23.5%[14]. Tax and Compensation - The company incurred a total tax payment of ¥6,319,644.97 in the first three quarters of 2023, compared to ¥4,311,498.86 in the same period of 2022, reflecting an increase of approximately 47%[19]. - The cash outflow for employee compensation in the first three quarters of 2023 was ¥14,640,931.51, slightly down from ¥15,832,707.24 in the same period of 2022, indicating a decrease of about 8%[19]. Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in this report[11].