Wencan(SH:603348)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 56.80% to CNY 74,143,299.34 year-on-year[11] - Operating income rose by 34.28% to CNY 1,456,332,800.04 for the first nine months of the year[11] - The company reported a net profit excluding non-recurring gains and losses of CNY 64,895,543.59, up 70.45% year-on-year[11] - Net profit for the period reached ¥78,125,909.51, an increase of 65.22% compared to ¥47,285,314.38 in the previous period, primarily due to increased gross profit and the consolidation of Bailian Group's financials[30] - The company reported a net profit of ¥76,393,532.13 for the period, down from ¥125,374,536.11, indicating a decline of approximately 39.1%[49] - Net profit for Q3 2020 reached RMB 43,711,205.68, compared to RMB 9,679,923.10 in Q3 2019, representing a growth of 351.5%[57] Earnings Per Share - Basic earnings per share increased by 57.14% to CNY 0.33 per share[14] - Diluted earnings per share rose by 47.62% to CNY 0.31 per share[14] - Basic earnings per share for Q3 2020 was RMB 0.18, compared to RMB 0.04 in Q3 2019, indicating a 350% increase[59] Assets and Liabilities - Total assets increased by 60.22% to CNY 6,298,733,708.43 compared to the end of the previous year[11] - The company's total assets increased significantly, with fixed assets rising by 56.61% to ¥2,141,899,420.24 from ¥1,367,695,714.92 due to the consolidation of Le Bélier S.A.[25] - Total liabilities increased to ¥3,216,595,433.67, up from ¥1,663,275,070.05, representing a growth of approximately 93.3% year-over-year[44] - Non-current liabilities increased significantly, with long-term borrowings rising to ¥1,020,750,026.43 from ¥245,326,786.36[42] - Total assets reached approximately $2.53 billion, with current assets totaling $830.77 million and non-current assets at $1.69 billion[88] Cash Flow - Net cash flow from operating activities surged by 186.21% to CNY 455,063,004.09 compared to the same period last year[11] - Operating cash flow net amount was ¥455,063,004.09, up 186.21% from ¥158,997,490.15 in the previous period, driven by increased cash received from sales of goods and services[30] - Cash flow from investment activities was -¥565,099,897.22, a decrease of 40.93% compared to -¥956,652,827.50 in the previous period, mainly due to increased investment in financial products[30] - Cash and cash equivalents at the end of the period totaled 1,258,965,314.30 RMB, a significant increase from 324,792,679.67 RMB at the end of the same period last year, indicating strong liquidity[74] Shareholder Information - The total number of shareholders at the end of the reporting period was 16,167[16] - The top five shareholders each hold 30,000,000 shares, representing 12.37% of the total shares[16] Consolidation and Acquisitions - The company completed the acquisition of 61.96% of Bailian Group's shares, with a total transaction value not exceeding €94.24 million[32] - The goodwill recorded was ¥330,619,434.82, resulting from the acquisition of 61.96% equity in Le Bélier S.A.[25] Operating Costs - The company reported a 31.54% increase in operating costs, totaling ¥1,094,729,149.40 compared to ¥832,237,245.57 in the previous period, due to the consolidation of Le Bélier S.A.[28] - Financial expenses increased by 48.97% to ¥39,238,345.88, mainly due to higher loan interest expenses[30] - Management expenses rose by 64.22% to ¥108,947,267.50, attributed to increased acquisition costs and the consolidation of Bailian Group[30] Inventory and Receivables - Inventory increased by 110.71% to ¥430,345,665.05 from ¥204,232,444.66, mainly due to the consolidation of Le Bélier S.A.[25] - Accounts receivable rose by 113.82% to ¥769,651,417.20 from ¥359,948,576.79, primarily due to the inclusion of Le Bélier S.A. in the consolidated financial statements[22]