WAZAM(SH:603186)2023-10-24 16:00Financial Performance - The company's revenue for Q3 2023 was ¥916,001,187.13, representing a year-over-year increase of 17.49%[5] - The net profit attributable to shareholders was a loss of ¥19,247,009.76, with a year-to-date loss of ¥30,517,027.67, reflecting a decline of 150.39% compared to the same period last year[5] - Basic earnings per share for the year-to-date period was -¥0.22, a decline of 151.16% compared to the previous year[6] - Net profit for Q3 2023 was CNY -29,013,974.80, a significant decline from CNY 64,359,860.63 in Q3 2022, reflecting a decrease of approximately 145.06%[24] - The company's total assets as of Q3 2023 amounted to CNY 5,958,960,296.16, up from CNY 5,640,233,303.50 in the previous year, marking an increase of about 5.64%[20] - Total liabilities reached CNY 4,301,575,842.11 in Q3 2023, compared to CNY 3,943,311,244.49 in Q3 2022, which is an increase of approximately 9.09%[20] - The total equity attributable to shareholders decreased to CNY 1,640,615,915.65 in Q3 2023 from CNY 1,679,410,323.48 in Q3 2022, reflecting a decline of approximately 2.06%[20] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥246,896,809.42, showing a decrease of 48.84%[6] - The company's cash flow from operating activities showed a significant decline, with a net cash outflow of CNY -29,013,974.80 in Q3 2023 compared to a net inflow of CNY 64,359,860.63 in Q3 2022[24] - In the first three quarters of 2023, the company's cash inflow from operating activities was CNY 2,697,481,639.01, a decrease of 6.03% compared to CNY 2,871,177,041.96 in the same period of 2022[25] - The net cash flow from operating activities for the first three quarters of 2023 was CNY 246,896,809.42, down 48.80% from CNY 482,583,696.66 in the previous year[25] - The cash inflow from sales of goods and services was CNY 2,528,446,079.53, a decline of 3.48% from CNY 2,619,857,132.62 in the first three quarters of 2022[25] - The company received CNY 72,394,057.83 in tax refunds, down 60.24% from CNY 182,479,076.16 in the previous year[25] - The cash outflow for employee compensation was CNY 264,304,946.28, an increase of 12.35% compared to CNY 235,269,528.97 in the same period of 2022[25] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,958,960,296.16, an increase of 5.65% from the end of the previous year[6] - As of September 30, 2023, the total current assets amounted to RMB 2,813,390,246.20, an increase from RMB 2,752,944,169.46 at the end of 2022, reflecting a growth of approximately 2.9%[18] - The total non-current assets were reported at RMB 2,500,000,000.00, down from RMB 2,500,000,000.00 at the end of 2022, indicating no change[18] - The total inventory was reported at RMB 35,041,117.46, an increase from RMB 29,167,478.49 at the end of 2022, reflecting a growth of approximately 20.5%[18] - Accounts receivable reached RMB 1,384,949,285.72, significantly up from RMB 267,793,621.94 at the end of 2022, showing a substantial increase of approximately 417.5%[18] Government Support - The company received government subsidies amounting to ¥6,745,240.82 during the reporting period, contributing to its financial performance[8] Research and Development - Research and development expenses for Q3 2023 were CNY 150,971,081.91, up from CNY 133,687,072.37 in Q3 2022, indicating a growth of about 12.91%[23] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,686[12] - The company has a total of 56,902,768 shares outstanding, with the largest shareholder being Huazheng Group Co., Ltd.[14] Financial Instruments - The company reported a significant increase in financial assets, with trading financial assets amounting to RMB 2,610,488.11[18] - The company decided not to adjust the conversion price of the "Huazheng Convertible Bonds" despite triggering the downward adjustment clause, effective for six months from August 31, 2023[15] - The company held a board meeting on August 30, 2023, to review and approve the decision regarding the convertible bonds[15]