WXHS(SH:603090)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months rose by 22.60% to CNY 381,943,273.06 year-on-year[6] - Net profit attributable to shareholders increased by 0.88% to CNY 25,577,008.69 for the first nine months[6] - The net profit after deducting non-recurring gains and losses increased by 28.20% to CNY 27,857,668.81 year-on-year[6] - Basic earnings per share rose by 4.00% to CNY 0.26[7] - Total operating revenue for Q3 2019 reached ¥181,614,571.75, a significant increase of 77% compared to ¥102,547,121.03 in Q3 2018[27] - Net profit for the first three quarters of 2019 was ¥35,432,466.68, compared to ¥26,232,367.54 in the same period of 2018, reflecting a growth of 35%[27] - The net profit attributable to shareholders for Q3 2019 was ¥9,368,481.09, down 10.7% from ¥10,424,370.85 in Q3 2018[29] - The total profit for Q3 2019 was ¥10,193,325.31, compared to ¥12,256,305.95 in Q3 2018, reflecting a decline of 17.0%[30] - The total profit for the first three quarters of 2019 was ¥29,292,954.23, a slight decrease from ¥29,990,855.24 in the same period of 2018[30] Assets and Liabilities - Total assets increased by 15.26% to CNY 765,127,253.29 compared to the end of the previous year[6] - Total assets as of September 30, 2019, amounted to ¥629,569,120.11, an increase from ¥551,647,759.26 at the end of 2018[22] - Total liabilities as of September 30, 2019, were ¥163,558,516.42, compared to ¥88,213,865.72 at the end of 2018, indicating a growth of 85%[23] - The company reported a total asset value of ¥663,829,575.12 as of Q3 2019, unchanged from the previous year, indicating stability in asset management[40] - The total liabilities amounted to ¥175,127,957.73, remaining consistent with the previous year, which suggests effective liability management[41] Cash Flow - Net cash flow from operating activities decreased by 29.66% to CNY 23,192,803.86 compared to the same period last year[6] - The net cash flow from operating activities for the first three quarters of 2019 was 23,192,803.86 RMB, down from 32,970,822.91 RMB in the previous year, indicating a decrease of about 29.5%[34] - The net cash flow from investment activities was -70,397,781.69 RMB for the first three quarters of 2019, compared to -78,582,273.66 RMB in the same period of 2018, showing an improvement of approximately 10.5%[34] - The cash outflow from investment activities was 464,456,844.84 RMB for the first three quarters of 2019, compared to 183,217,269.55 RMB in the previous year, representing an increase of approximately 153.5%[34] - The company achieved a net increase in cash and cash equivalents of 33,410,467.78 RMB in Q3 2019, contrasting with a decrease of 55,534,989.05 RMB in Q3 2018[34] Shareholder Information - The total number of shareholders reached 12,723 by the end of the reporting period[9] - The largest shareholder, Niu Yuxia, holds 54.68% of the shares[9] Government Support and Subsidies - Government subsidies recognized in the current period amounted to CNY 291,076.26, contributing to the financial performance[8] Operational Metrics - Cash and cash equivalents increased by 41.92% to ¥70,495,245.69 from ¥49,671,673.69 due to increased working capital loans[11] - Accounts receivable rose by 41.93% to ¥195,366,673.81 from ¥137,651,844.09, primarily driven by increased operating revenue[11] - Fixed assets increased by 46.04% to ¥172,820,562.01 from ¥118,341,595.14, primarily due to the transfer of construction projects to fixed assets[11] - Accounts payable rose by 31.46% to ¥95,641,070.66 from ¥72,751,363.17, mainly due to increased purchases by Hangzhou Hongsheng[11] - Inventory levels rose to ¥46,500,986.43, up from ¥43,274,914.73 in the previous year, reflecting a 5% increase[22] Research and Development - Research and development expenses for Q3 2019 were ¥4,868,145.77, a decrease from ¥5,866,794.69 in Q3 2018[27] - The company's R&D expenses for Q3 2019 were ¥2,559,563.85, a decrease of 29.2% from ¥3,614,177.23 in Q3 2018[30] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27] - The company is focusing on enhancing its product offerings and market expansion strategies to drive future revenue growth[46]