NWM(SH:603700)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 913,441,907.07, a 26.21% increase year-on-year[5] - Net profit attributable to shareholders increased by 30.80% to CNY 134,465,649.21 for the first nine months[5] - Total operating revenue for Q3 2019 was ¥358,942,627.58, an increase of 25% compared to ¥287,235,063.16 in Q3 2018[29] - Net profit for Q3 2019 reached ¥54,189,891.07, representing a 27.5% increase from ¥42,532,715.55 in Q3 2018[30] - The company’s total profit for the first three quarters of 2019 was ¥155,191,563.54, compared to ¥119,968,849.73 in the same period of 2018, reflecting a 29.4% growth[30] Assets and Liabilities - Total assets increased by 83.79% to CNY 1,515,470,009.74 compared to the end of the previous year[5] - Net assets attributable to shareholders increased by 128.16% to CNY 1,165,693,985.93 compared to the end of the previous year[5] - Total liabilities increased to ¥348,255,429.83 from ¥311,669,239.72, reflecting a growth of approximately 11.7%[22] - Current liabilities rose to ¥339,750,183.30 from ¥303,691,077.25, an increase of about 11.9%[22] - The company reported a significant increase in deferred tax assets by 63.53% to CNY 6,420,014.77, due to increased accounts receivable and temporary differences[14] Cash Flow - Net cash flow from operating activities was negative at CNY -165,909,905.01 for the first nine months[5] - Net cash flow from investing activities was negative at CNY -355,269,599.43, reflecting increased investments in financial products[17] - The company reported a net cash outflow from operating activities of ¥165.91 million for the first three quarters of 2019, compared to a net outflow of ¥36.25 million in the same period of 2018[39] - Cash flow from investing activities showed a net outflow of ¥355.27 million in the first three quarters of 2019, compared to a net outflow of ¥13.66 million in the same period of 2018[39] - The total cash inflow from operating activities for the first nine months of 2019 was ¥717,063,899.14, an increase from ¥651,520,963.40 in the previous year, representing a growth of approximately 10.04%[41] Shareholder Information - The total number of shareholders reached 15,679 by the end of the reporting period[10] - The top shareholder, Zhang Shihau, holds 19.80% of the shares with 30,948,967 shares[10] Expenses and Investments - Sales expenses increased by 47.66% to CNY 97,019,929.56, attributed to higher personnel costs and increased after-sales service expenses related to smart water meter business growth[15] - Research and development expenses for Q3 2019 amounted to ¥12,427,149.68, a 47.5% increase from ¥8,410,201.04 in Q3 2018[29] - Investment income rose dramatically by 4560.75% to CNY 6,293,491.50, resulting from returns on financial products purchased with idle funds[16] - The company received government subsidies amounting to CNY 7,739,539.17 during the first nine months[7] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36]