WG Tech(SH:603773)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥326,478,129.34, representing an increase of 18.16% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥29,590,024.08 for the quarter, with a year-to-date net profit of -¥34,535,496.79, indicating significant losses[2]. - The company reported a basic and diluted earnings per share of -¥0.1860 for the quarter, with a year-to-date figure of -¥0.2171[2]. - Total operating revenue for the first three quarters of 2022 reached ¥1,071,967,058.40, a significant increase from ¥678,141,939.41 in the same period of 2021, representing a growth of approximately 58%[15]. - The net profit attributable to the parent company's shareholders for the first three quarters of 2022 was a loss of ¥34,535,496.79, worsening from a loss of ¥6,704,720.03 in the same period of 2021[16]. - The company reported a net loss of ¥16,194,531.45 for the first three quarters of 2022, compared to a net loss of ¥4,255,421.94 in 2021[16]. - The company experienced a foreign exchange loss of ¥6,274,540.47 during the reporting period[16]. - The company reported a total comprehensive loss of ¥14,612,049.97 for the third quarter of 2022, compared to a loss of ¥4,255,421.94 in the same quarter of 2021[17]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥3,501,474,369.43, reflecting a 34.39% increase from the end of the previous year[3]. - As of September 30, 2022, the total assets of the company amounted to RMB 3,501,474,369.43, an increase from RMB 2,605,370,387.87 as of December 31, 2021, reflecting a growth of approximately 34.4%[11]. - The company's current assets reached RMB 1,807,343,671.46, compared to RMB 1,052,665,258.76 in the previous year, indicating a year-over-year increase of about 71.6%[12]. - The total liabilities stood at RMB 1,725,935,631.37, up from RMB 971,094,591.70 in the previous year, representing an increase of approximately 77.7%[13]. - The total equity of the company was reported at RMB 1,775,538,738.06, an increase from RMB 1,634,275,796.17 in the previous year, reflecting a growth of about 8.6%[13]. - The company's retained earnings decreased to RMB 422,721,003.74 from RMB 469,492,071.83, indicating a decline of approximately 10%[13]. Cash Flow - The net cash flow from operating activities was -¥229,337,336.03 year-to-date, indicating cash flow challenges[2]. - Cash flow from operating activities for the first three quarters of 2022 was ¥1,490,824,986.45, compared to ¥1,053,580,360.26 in 2021, showing an increase of about 42%[19]. - The net cash flow from financing activities was 522,243,401.19, a substantial increase from 72,963,619.65 year-over-year, showcasing improved capital management[21]. - The total cash outflow from operating activities was 1,778,824,698.36, significantly higher than 1,105,473,165.45 in the previous year, suggesting increased operational costs[20]. - The net cash flow from investment activities was -234,227,870.12, compared to -217,029,756.41 in the previous year, reflecting ongoing investment challenges[20]. - The cash paid for debt repayment was 592,144,534.58, up from 275,066,352.20, reflecting a focus on debt management[21]. Competition and Market Conditions - The company faced increased competition in the LCD panel industry, leading to a decline in product sales prices and gross margins[6]. - The company is actively advancing projects related to Mini/Micro LED glass substrates and backlight modules, which has increased funding requirements[6]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,257[8].