WAZAM(SH:603186)2019-10-22 16:00Financial Performance - Net profit attributable to shareholders increased by 36.74% to CNY 78,204,554.37 for the third quarter[7] - Operating revenue for the first nine months reached CNY 1,489,280,922.00, a 20.83% increase year-on-year[6] - Basic earnings per share rose by 36.36% to CNY 0.60[7] - The weighted average return on net assets increased by 2.12 percentage points to 10.96%[7] - Total revenue for Q3 2019 reached approximately $541.34 million, a 20.2% increase from $450.15 million in Q3 2018[27] - Net profit for Q3 2019 was approximately $32.84 million, compared to $27.26 million in Q3 2018, representing a 20.5% increase[30] - The company reported a total profit of approximately $33.67 million in Q3 2019, compared to $26.56 million in Q3 2018, marking a 26.5% increase[29] - The total comprehensive income attributable to shareholders for Q3 2019 was approximately $32.99 million, compared to $26.56 million in Q3 2018, representing a 24.8% increase[30] Assets and Liabilities - Total assets increased by 18.04% to CNY 2,552,872,861.41 compared to the end of the previous year[6] - Total liabilities increased by 87.44% to ¥15,793,767.89 compared to ¥8,425,865.14 at the end of the previous year[15] - Current liabilities rose to CNY 1,681,964,291.75, compared to CNY 1,350,030,150.62, reflecting an increase of about 25%[20] - Non-current assets totaled CNY 963,530,182.14, up from CNY 900,819,597.76, indicating a growth of approximately 7%[20] - Total liabilities reached CNY 1,824,094,949.78, up from CNY 1,470,019,084.81, indicating an increase of approximately 24%[20] - Shareholders' equity rose to CNY 728,777,911.63 from CNY 692,664,436.73, reflecting a growth of about 5%[20] Cash Flow - Net cash flow from operating activities surged by 301.56% to CNY 131,482,890.68 for the first nine months[6] - Cash and cash equivalents increased by 46.02% to ¥243,888,968.28 compared to ¥167,019,720.52 at the end of the previous year[15] - Cash flow from operating activities for the first three quarters of 2019 was ¥1,157,467,288.92, compared to ¥878,207,096.28 in the same period of 2018, representing a 31.8% increase[37] - Net cash flow from operating activities for the first three quarters of 2019 was CNY 52,317,572.06, down from CNY 83,014,388.83 in the same period of 2018, a decrease of about 37%[40] - Net cash outflow from investing activities for Q3 2019 was CNY -145,810,428.18, compared to CNY -113,939,797.48 in Q3 2018, indicating a worsening in investment cash flow[39] Shareholder Information - The total number of shareholders reached 13,732 by the end of the reporting period[13] - The largest shareholder, Huali Group Co., Ltd., holds 43.01% of the shares[13] Investment and Expenses - The company reported a non-operating income of CNY 15,177,025.30 for the first nine months, primarily from government subsidies[9] - Research and development expenses for Q3 2019 totaled approximately $33.44 million, a significant increase of 51.3% from $22.11 million in Q3 2018[28] - The company reported a significant increase in sales expenses, totaling approximately $24.25 million in Q3 2019, compared to $21.74 million in Q3 2018, which is a 11.5% increase[28] Other Financial Metrics - The company has not disclosed any new product developments or market expansion strategies in this report[5] - The company expects significant changes in cumulative net profit compared to the previous year, indicating potential losses[16] - The company reported a net loss of ¥199,380.00, a 37.20% improvement from a loss of ¥317,460.00 in the previous year[15]