WXHS(SH:603090)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 251,835,860.12, a decline of 34.06% year-on-year[7] - Net profit attributable to shareholders decreased by 34.26% to CNY 16,815,374.27 for the first nine months[7] - Basic earnings per share decreased by 34.62% to CNY 0.17[7] - Revenue decreased by 39.27% to ¥175,528,945.66 compared to the previous period[13] - The company reported a net profit excluding non-recurring gains and losses of CNY 15,205,135.15, down 45.42% year-on-year[7] - Total revenue for Q3 2020 was CNY 89,260,141.80, a decrease from CNY 181,614,571.75 in Q3 2019, representing a decline of approximately 50.9%[23] - The net profit for Q3 2020 was CNY 4,404,712.78, down 54.8% from CNY 9,762,316.28 in Q3 2019[25] - The total profit for Q3 2020 was CNY 4,567,427.52, a decline of 55.3% compared to CNY 10,193,325.31 in Q3 2019[25] Assets and Liabilities - Total assets decreased by 9.36% to CNY 680,327,449.62 compared to the end of the previous year[7] - Total assets as of September 30, 2020, were CNY 552,287,771.59, down from CNY 625,287,666.47 at the end of 2019, a decline of about 11.6%[22] - Total liabilities decreased to CNY 83,542,780.16 from CNY 155,382,126.33, indicating a reduction of about 46.3%[22] - Total liabilities decreased by 32.6% to ¥161,262,762.06 from ¥239,321,451.19[18] - Total assets amounted to approximately $625.29 million, with non-current assets totaling $309.39 million[40] - Current liabilities reached $155.27 million, including short-term borrowings of $91.5 million and accounts payable of $43.3 million[40] Cash Flow - Cash flow from operating activities increased by 30.44% to CNY 30,253,599.08 compared to the same period last year[7] - Cash inflow from operating activities totaled CNY 298,603,951.20 for the first three quarters of 2020, down 21.2% from CNY 378,995,657.32 in 2019[29] - Cash inflow from investment activities was CNY 260,368,427.14, a decrease of 33.8% compared to CNY 394,059,063.15 in the previous year[29] - Cash flow from financing activities resulted in a net outflow of CNY 65,798,313.34, contrasting with a net inflow of CNY 80,141,470.85 in the same period of 2019[30] - The ending balance of cash and cash equivalents was CNY 50,451,680.03, down from CNY 55,236,196.33 at the end of the previous year[30] Shareholder Information - The number of shareholders at the end of the reporting period was 9,363[10] - The company maintained a stable capital reserve of CNY 222,290,593.35, unchanged from the previous year[22] - Shareholders' equity stood at approximately $469.91 million, with retained earnings of $124.35 million[41] Research and Development - Research and development expenses increased by 13.32% to ¥15,566,220.33 due to higher labor input[13] - Research and development expenses for Q3 2020 were CNY 5,496,119.73, an increase from CNY 4,868,145.77 in Q3 2019, reflecting a growth of approximately 12.9%[23] Impact of COVID-19 - The company faced a significant impact on revenue due to the COVID-19 pandemic[12]