WPG(SH:603956)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 533,870,746.10, up 24.74% year-on-year[5] - Net profit attributable to shareholders increased by 8.42% to CNY 71,992,279.69[5] - The company reported a net profit of CNY 188,799,848.97 for the first nine months of 2019, up from CNY 154,302,688.86, representing a growth of about 22.4%[23] - Total operating revenue for Q3 2019 reached ¥219,939,614.79, a 27.2% increase from ¥172,854,423.66 in Q3 2018[24] - Net profit for Q3 2019 was ¥36,477,161.38, slightly down from ¥36,910,091.05 in Q3 2018, representing a decrease of 1.2%[25] - Total profit for the first three quarters of 2019 was ¥81,989,988.84, up from ¥76,217,472.06 in the same period of 2018, reflecting a growth of 7.5%[25] - The company reported a total profit of ¥27,510,283.17 in Q3 2019, a decrease of 12.1% from ¥31,393,228.87 in Q3 2018[29] Assets and Liabilities - Total assets increased by 23.78% year-on-year to CNY 1,313,660,403.31[5] - Current liabilities totaled CNY 223,799,961.59, compared to CNY 198,330,940.26, reflecting an increase of about 12.9%[18] - Total liabilities reached CNY 240,638,193.16, up from CNY 216,653,940.99, which is an increase of about 11.1%[18] - Accounts receivable rose by 30.03% to RMB 465,930,370.84 from RMB 358,330,723.40, attributed to an increase in revenue scale[12] - The company’s total liabilities increased, with accounts payable rising by 99.13% to RMB 82,171,796.17, indicating preparations for current and anticipated orders[13] Shareholder Information - Net assets attributable to shareholders rose by 27.82% to CNY 1,072,729,258.10 compared to the previous year[5] - The total number of shareholders reached 25,796 by the end of the reporting period[10] - The largest shareholder, Li Jixi, holds 58.36% of the shares, totaling 248,577,000 shares[10] Cash Flow and Financial Health - Net cash flow from operating activities improved significantly, with a reduction in outflow of 87.90% to CNY -3,548,513.79[5] - Cash inflow from financing activities was CNY 216,967,581.31, with a net cash flow of CNY 145,086,739.07, a significant improvement from -CNY 62,719,646.99 in the same period last year[36] - Cash received from sales of goods and services was CNY 444,084,755.37, reflecting strong revenue generation capabilities[35] - Cash paid for purchasing goods and services was CNY 126,753,768.68, indicating increased operational costs[36] - The company received CNY 11,410,788.05 in tax refunds, a significant increase from CNY 255,250.37 in the previous year[35] Investment and Growth - The company expects to maintain a positive outlook for future growth, supported by increased revenue and strategic investments in new technologies[14] - The company acquired a 30% stake in Wodefu Pump Industry (Wuxi) Co., Ltd. in July 2019, which led to a 94.56% decrease in minority interests[13] Expenses and Costs - Research and development expenses for Q3 2019 amounted to ¥12,665,340.34, an increase of 14.6% compared to ¥11,049,499.91 in Q3 2018[24] - Sales expenses for Q3 2019 were ¥71,394,946.80, an increase of 120.5% from ¥32,374,414.48 in Q3 2018[29] - Cash paid to employees increased to CNY 158,862,363.51, up from CNY 123,280,862.81, highlighting rising labor costs[36]