WXHS(SH:603090)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 196,796,968.92, a decrease of 3.58% compared to the same period last year[5]. - Net profit attributable to shareholders was CNY 18,285,279.23, down 24.81% year-on-year, while the net profit excluding non-recurring gains and losses was CNY 17,734,292.37, a decrease of 26.80%[5]. - The basic earnings per share for the current period was CNY 0.18, reflecting a decline of 25.00% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2023 was RMB 536,193,580.92, a decrease of 1.6% compared to RMB 542,069,715.75 in the same period of 2022[18]. - Net profit for the first three quarters of 2023 increased by 34.9% to RMB 58,541,085.25, compared to RMB 43,377,956.26 in the same period of 2022[20]. - Basic and diluted earnings per share for the first three quarters of 2023 were both RMB 0.57, up from RMB 0.39 in the same period of 2022[21]. - The total comprehensive income for the first three quarters of 2023 was RMB 58,484,548.54, compared to RMB 43,372,430.60 in the same period of 2022[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 841,427,632.31, a decrease of 2.30% from the end of the previous year[6]. - As of September 30, 2023, the company's total current assets amounted to CNY 563,055,934.59, a decrease from CNY 576,822,927.02 at the end of 2022, reflecting a decline of approximately 2.65%[14]. - The company's total assets as of September 30, 2023, were CNY 841,427,632.31, down from CNY 861,262,630.58, reflecting a decrease of about 2.30%[16]. - Total liabilities decreased to CNY 262,499,805.22 from CNY 312,167,009.87, a decline of approximately 16.00%[16]. - The company's equity attributable to shareholders rose to CNY 562,836,074.61 from CNY 536,000,404.96, an increase of about 5.00%[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 63,761,145.15, with a significant increase in sales collections[9]. - The net cash flow from operating activities for Q3 2023 was 63,761,145.15, a significant increase from 4,923,981.51 in Q3 2022, indicating improved operational efficiency[25]. - Cash inflow from operating activities totaled RMB 569,420,989.85, an increase of 9.0% from RMB 522,137,388.68 in the first three quarters of 2022[24]. - Total cash outflow from operating activities was 505,659,844.70, slightly down from 517,213,407.17 in the previous year[25]. - The net cash flow from investing activities was -17,096,284.74, compared to -18,539,060.54 in Q3 2022, showing a slight improvement in investment management[25]. - Cash inflow from financing activities totaled 133,347,657.84, up from 104,251,765.00 in the same quarter last year, reflecting increased financing efforts[25]. - The net cash outflow from financing activities was -11,697,569.87, a decrease from 20,873,378.07 in Q3 2022, indicating better cash management[25]. - The ending balance of cash and cash equivalents was 118,302,731.21, up from 79,947,178.07 in Q3 2022, demonstrating a strong liquidity position[26]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 12,776[10]. - The largest shareholder, Niu Yuxia, holds 47.68% of the shares, indicating a concentrated ownership structure[11]. Expenses and Investments - Research and development expenses increased by 19.26% year-to-date, indicating a focus on innovation and product development[9]. - Research and development expenses rose to RMB 21,948,678.40, representing an increase of 19.4% compared to RMB 18,403,400.32 in the same period of 2022[18]. - Sales expenses increased significantly to RMB 12,980,717.96, up from RMB 7,938,664.91, reflecting a rise of 63.4% year-over-year[18]. - The company paid 84,749,053.10 in employee compensation, an increase from 79,188,096.79 in the previous year, reflecting growth in workforce costs[25]. - Cash used for purchasing fixed assets and intangible assets was 16,181,684.74, compared to 13,234,936.67 in Q3 2022, showing increased investment in long-term assets[25]. - The company reported a cash inflow of 106,000,000.00 from investment recoveries, highlighting successful asset management strategies[25]. Tax and Refunds - The company received RMB 31,156,939.16 in tax refunds during the first three quarters of 2023, down from RMB 42,636,047.14 in the same period of 2022[24]. - Tax payments increased to 24,644,250.52 from 11,929,683.05, indicating higher tax obligations due to improved profitability[25]. Credit and Asset Quality - The company reported a decrease in credit impairment losses to RMB -1,275,414.15 from RMB -5,788,336.89 in the previous year, indicating improved asset quality[20].