WPG(SH:603956)2020-10-22 16:00Financial Performance - Net profit attributable to shareholders rose by 16.35% to CNY 83,760,437.11 for the first nine months[5] - Operating revenue for the first nine months increased by 10.98% to CNY 592,479,092.77[5] - Basic and diluted earnings per share increased by 17.65% to CNY 0.20[5] - The company reported a significant increase in cash received from sales of goods and services, totaling ¥527.47 million in the first three quarters of 2020, compared to ¥444.08 million in 2019, marking an increase of 19%[42] - The company reported a total profit of ¥65,736,144.99 for Q3 2020, compared to ¥42,698,735.05 in Q3 2019, marking a 54% increase[29] Assets and Liabilities - Total assets increased by 7.62% year-on-year to CNY 1,582,828,070.82[5] - The company’s total liabilities increased, with accounts payable rising by 36.16% from CNY 80,949,897.87 to CNY 110,222,040.21, reflecting preparations for current and expected orders[13] - Total liabilities reached ¥440,077,462.29, up from ¥348,372,359.89, which is an increase of approximately 26.3%[22] - The total current liabilities amounted to ¥393,987,102.01, an increase from ¥330,541,201.92, reflecting a growth of about 19.1%[21] - The total assets as of the end of the third quarter of 2020 amounted to ¥1,470.78 million, unchanged from the previous year[48] Cash Flow - Net cash flow from operating activities improved significantly, reaching CNY 7,558,216.26 compared to a negative CNY 3,548,513.79 in the previous year[5] - The net cash flow from operating activities for the first nine months of 2020 was CNY 7,558,216.26, a turnaround from a negative cash flow of CNY -3,548,513.79 in the same period of 2019[39] - Cash inflow from operating activities for the first three quarters of 2020 reached ¥683.43 million, a 42% increase compared to ¥481.56 million in the same period of 2019[42] - Cash and cash equivalents decreased by 41.87% from CNY 418,794,946.53 to CNY 243,460,593.53 due to investments in new urban smart water supply facilities and dividend distributions[13] - The total cash and cash equivalents at the end of the third quarter of 2020 was ¥202.24 million, down from ¥333.84 million at the end of the same period in 2019[43] Investments - Long-term equity investments increased significantly by 1,819.51%, from CNY 4,867,192.06 to CNY 93,426,410.95, primarily due to increased equity acquisition investments[13] - The company has long-term equity investments valued at RMB 158,986,903.94[49] - The company has made investments in new technologies and products, as indicated by the increase in intangible assets to ¥72,905,854.55 from ¥39,821,811.59, which is an increase of approximately 83.3%[21] - The company reported a net cash outflow from investing activities of CNY -146,882,365.72 for the first nine months of 2020, compared to CNY -24,535,992.90 in the same period of 2019[39] Shareholder Information - The total number of shareholders reached 10,362 by the end of the reporting period[8] - The largest shareholder, Li Jixi, holds 58.36% of the shares, totaling 248,577,000 shares[9] - The company's equity attributable to shareholders increased to ¥1,140,810,832.80 from ¥1,120,944,410.69, showing a growth of about 1.8%[22] Research and Development - Research and development expenses for Q3 2020 were ¥18,745,218.69, up from ¥12,665,340.34 in Q3 2019, indicating a 48% increase[28] - Research and development expenses increased to CNY 18,027,676.34 in Q3 2020 from CNY 9,921,752.04 in Q3 2019, marking an increase of about 81.5%[34] Financial Ratios - The weighted average return on equity increased by 0.29 percentage points to 7.38%[5] - The company’s financial expenses decreased by 31.86%, from CNY -5,058,675.08 to CNY -3,447,137.30, mainly due to reduced interest income from bank deposits[15] - The company’s deferred income tax assets increased by 47.68%, from CNY 12,221,611.25 to CNY 18,048,844.55, due to changes in tax rates for subsidiaries[13]