WAZAM(SH:603186)2020-10-21 16:00Financial Performance - Operating revenue for the first nine months increased by 5.01% to CNY 1,563,950,030.48 compared to the same period last year[6] - Net profit attributable to shareholders increased by 18.84% to CNY 92,941,293.74 compared to the same period last year[6] - Basic earnings per share increased by 15.00% to CNY 0.69 compared to the same period last year[7] - Total operating revenue for Q3 2020 reached ¥616,323,300.82, an increase of 13.9% compared to ¥541,338,407.84 in Q3 2019[26] - Net profit for Q3 2020 was ¥35,070,377.37, representing a 7.5% increase from ¥32,836,181.47 in Q3 2019[27] - Total comprehensive income for Q3 2020 was ¥35.07 million, compared to ¥32.84 million in Q3 2019[29] Assets and Liabilities - Total assets increased by 33.48% to CNY 3,218,456,111.76 compared to the end of the previous year[6] - Current assets totaled RMB 1.98 billion, up from RMB 1.39 billion at the end of 2019, indicating a growth of 42.3%[19] - Total liabilities amounted to RMB 1.78 billion, up from RMB 1.66 billion, representing an increase of 7.0%[21] - The company's total assets were CNY 2,411,136,834.21 as of the third quarter of 2020[43] - The company's total liabilities as of Q3 2020 were ¥1,105,122,655.27, compared to ¥1,077,144,636.54 in the same period last year, reflecting a growth of 2.8%[25] Shareholder Information - The total number of shareholders reached 17,603 by the end of the reporting period[11] - The top shareholder, Huali Group, holds 40.06% of the shares[11] - The company completed a share buyback of 643,600 shares, accounting for 0.45% of total share capital, with a total expenditure of approximately RMB 24.99 million[17] Cash Flow - Net cash flow from operating activities increased by 22.86% to CNY 161,537,162.24 compared to the same period last year[6] - The company's cash inflow from operating activities for the first three quarters of 2020 was CNY 1,399,843,456.63, an increase of 11.3% compared to CNY 1,257,337,386.49 in the same period of 2019[35] - The net cash flow from financing activities surged by 568.10% to RMB 525,131,869.15, primarily due to funds raised from a non-public offering[15] Investments and Expenditures - The company's development expenditures increased by 381.40% to RMB 8,033,330.53, reflecting a rise in capitalized research and development expenses[14] - The company reported a significant increase in long-term investments, with long-term equity investments rising to RMB 882.29 million from RMB 372.29 million, a growth of 137.4%[24] - The company’s investment activities generated a net cash outflow of RMB -546,318,837.48, significantly higher than the previous year, due to increased investments in wealth management and subsidiaries[15] Financial Outlook - The company provided a profit guidance indicating a positive outlook for the upcoming quarters, driven by increased market demand and operational efficiency[27] - The financial outlook for the remainder of 2020 remains positive, with expectations for continued revenue growth[30] Government Subsidies - The company reported government subsidies of CNY 22,464,385.14 for the first nine months[8] - The company reported a 39.58% increase in other income to RMB 28,813,824.09, mainly due to an increase in government subsidies recognized in profit or loss[15] Research and Development - Research and development expenses for Q3 2020 amounted to ¥30,013,617.87, a decrease of 10.4% from ¥33,438,119.01 in Q3 2019[26] - R&D expenses for Q3 2020 totaled ¥16.59 million, up from ¥15.26 million in Q3 2019, indicating a focus on innovation[30]