WLGF(SH:603779)2019-10-22 16:00Financial Performance - Operating revenue for the first nine months was CNY 503,574,685.53, down 9.16% year-on-year[6] - Net profit attributable to shareholders for the first nine months was CNY 22,467,768.37, a decline of 35.30% compared to the same period last year[6] - Basic earnings per share for the first nine months were CNY 0.10, down 33.33% from CNY 0.15 in the previous year[6] - The company reported a net profit of CNY 342,257,415.18 for the first nine months of 2019, up from CNY 296,069,511.20 in the same period last year[24] - Total operating revenue for Q3 2019 was ¥136,389,220.69, a decrease of 8.3% compared to ¥148,747,124.76 in Q3 2018[25] - Net profit for Q3 2019 was ¥1,180,949.07, a decline of 76.8% from ¥5,089,123.15 in Q3 2018[26] - The total operating revenue for the first three quarters of 2019 was ¥503,574,685.53, down 9.2% from ¥554,369,168.64 in the same period of 2018[25] - The company reported sales revenue of ¥246,193,907.22 for the first nine months of 2019, slightly up from ¥245,224,743.62 in the same period of 2018[37] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,061,044,640, a decrease of 2.18% compared to the end of the previous year[6] - Total liabilities decreased to CNY 660,979,063.43 from CNY 699,377,299.46 year-over-year[18] - Current liabilities totaled CNY 646,842,771.89, down from CNY 684,990,085.41[18] - Non-current assets increased to CNY 1,000,015,327.14 from CNY 893,488,527.97[18] - The total assets as of Q3 2019 were ¥2,106,988,582.96, showing a slight decrease from ¥2,106,203,397.89 at the end of 2018[41] - Total liabilities amounted to CNY 699,377,299.46, with current liabilities totaling CNY 684,990,085.41[42] - The total equity attributable to shareholders reached CNY 1,407,611,283.50, reflecting a slight decrease of CNY 785,185.07 compared to the previous period[43] Cash Flow - The company reported a net cash flow from operating activities of CNY 106,551,058.21, compared to a negative cash flow of CNY 3,531,781.74 in the same period last year[6] - Cash flow from operating activities for the first nine months of 2019 was ¥106,551,058.21, a significant improvement from a negative cash flow of ¥3,531,781.74 in the same period of 2018[33] - The total cash inflow from operating activities for the first nine months of 2019 was ¥331,152,480.84, while cash outflow was ¥305,594,668.78, resulting in a net cash flow of ¥25,557,812.06[37] - In Q3 2019, the net cash flow from operating activities was ¥25,557,812.06, a significant improvement compared to a net outflow of ¥75,073,623.93 in the same period of 2018[37] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,722[8] - The largest shareholder, Wang Zhenhai, held 47.23% of the shares, amounting to 108,468,020 shares[8] Research and Development - Research and development expenses rose by 57.37% to ¥3,131,861.22 from ¥1,990,069.44, attributed to increased salaries for R&D staff[10] - Research and development expenses increased to ¥918,835.25 in Q3 2019, up 52.0% from ¥604,684.47 in Q3 2018[25] Financial Compliance and Standards - The company implemented a new expected credit loss model for accounts receivable, impacting the recognition of credit impairment losses[44] - The company is committed to ensuring compliance with the new financial instrument standards and accurately reporting financial information[49] - The company did not apply retrospective adjustments for prior comparative data under the new leasing standards[51]