WG Tech(SH:603773)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 8.47% to CNY 435,789,494.25 compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 69.17% to CNY 14,896,270.20 for the first nine months[6]. - Basic and diluted earnings per share fell by 69.17% to CNY 0.1575[6]. - The company reported a total of CNY 99,893,403.76 in other payables, significantly higher than CNY 1,938,754.87 from the previous year[23]. - Total profit for the first three quarters of 2020 was ¥20,492,721.67, a decline of 66% from ¥61,838,182.94 in the same period of 2019[25]. - The net profit for Q3 2020 was CNY 3,255,561.12, showing a significant increase compared to CNY 1,403,485.12 in Q3 2019, representing a growth of approximately 132.5%[30]. - Operating profit for Q3 2020 reached CNY 3,805,161.85, compared to CNY 1,136,377.24 in the same period last year, indicating an increase of about 234.1%[30]. Assets and Liabilities - Total assets increased by 15.15% to CNY 2,083,354,284.26 compared to the end of the previous year[6]. - Non-current assets totaled CNY 1,181,153,512.37, compared to CNY 819,815,030.77 in the previous year, reflecting a growth of approximately 44%[19]. - Current liabilities rose to CNY 455,714,447.76, significantly higher than CNY 180,487,477.35 from the previous year[19]. - Total liabilities increased to CNY 467,454,050.49, compared to CNY 192,896,474.16 in the same period last year[19]. - Owner's equity decreased slightly to CNY 1,615,900,233.77 from CNY 1,616,407,746.30 year-over-year[19]. - Accounts receivable increased to CNY 242,547,684.17, up from CNY 181,492,463.75, indicating a growth of about 34%[22]. Cash Flow - Cash flow from operating activities decreased by 11.96% to CNY 63,340,645.53 compared to the same period last year[6]. - Cash inflow from investment activities totaled CNY 953,110,077.49 in the first nine months of 2020, compared to CNY 865,726,148.48 in 2019, marking an increase of about 10.1%[32]. - Cash outflow from investment activities was CNY 1,322,726,241.79 for the first nine months of 2020, compared to CNY 1,000,075,254.03 in the previous year, indicating an increase of approximately 32.3%[32]. - The net cash flow from financing activities for the first nine months of 2020 was CNY 135,914,038.47, a turnaround from a net outflow of CNY 30,760,770.60 in the same period of 2019[33]. - Cash outflow from investment activities totaled CNY 1.32 billion in Q3 2020, up from CNY 991.51 million in Q3 2019, indicating a rise of 33.06%[36]. Shareholder Information - The total number of shareholders reached 15,153 at the end of the reporting period[10]. - The largest shareholder, Yi Weihua, holds 27.31% of the shares, with 25,834,251 shares pledged[10]. Research and Development - Research and development expenses increased by 34.73% to ¥22,502,680.48 from ¥16,701,769.07, reflecting higher investment in R&D activities[13]. - R&D expenses in Q3 2020 amounted to ¥8,979,825.40, compared to ¥7,211,110.94 in Q3 2019, reflecting a 25% increase[24]. Government Subsidies and Other Income - Government subsidies recognized in the current period amounted to CNY 3,383,900.63[9]. - The company experienced a 61.86% decline in other income, which fell to ¥4,676,080.13 from ¥12,261,483.68, mainly due to a decrease in government grants received[14].