WPG(SH:603956)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥199,450,578.47, representing a decrease of 44.49% compared to the same period last year[10]. - The net profit attributable to shareholders for Q3 2022 was -¥60,072,902.19, a decline of 184.48% year-over-year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥60,262,499.32, down 185.56% from the previous year[10]. - Basic earnings per share for Q3 2022 were -¥0.12, a decrease of 170.59% compared to the same period last year[10]. - Net profit for the third quarter of 2022 was a loss of ¥141,941,174.85, compared to a profit of ¥141,816,697.97 in the same quarter of 2021[24]. - Basic and diluted earnings per share for the third quarter of 2022 were both -¥0.30, compared to ¥0.34 and ¥0.33 respectively in the same quarter of 2021[25]. Cash Flow - The net cash flow from operating activities for Q3 2022 was ¥23,313,109.00, with no applicable percentage change due to the nature of the data[10]. - The net cash flow from operating activities was -CNY 230,735,974.39, worsening from -CNY 133,238,564.43 year-on-year[27]. - The cash inflow from investment activities totaled CNY 302,448,074.22, down 47.3% from CNY 573,124,233.05 in the previous year[28]. - The net cash flow from investment activities was -CNY 139,737,278.18, compared to -CNY 28,391,410.87 in the same period last year[28]. - The cash inflow from financing activities reached CNY 1,210,788,929.90, a significant increase from CNY 26,780,000.00 in the previous year[28]. - The net cash flow from financing activities was CNY 967,694,050.50, improving from -CNY 166,480,191.29 year-on-year[28]. - The total cash and cash equivalents at the end of the period amounted to CNY 935,988,538.19, up from CNY 333,954,652.97 at the end of the previous year[28]. Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥3,367,043,579.34, reflecting an increase of 41.02% from the end of the previous year[10]. - Total current assets as of September 30, 2022, amount to ¥2,236,934,677.54, an increase from ¥1,499,675,435.24 at the end of 2021[18]. - Total assets as of September 30, 2022, are ¥3,367,043,579.34, up from ¥2,387,611,670.49 at the end of 2021[19]. - The company's total liabilities reached ¥1,296,997,332.59, up from ¥1,053,695,502.53 in the previous year[20]. - Total liabilities include accounts payable of ¥145,404,055.66, down from ¥201,660,189.36 year-over-year[19]. - Total non-current assets increased to ¥1,130,108,901.80 from ¥887,936,235.25 year-over-year[19]. Shareholder Information - Shareholders' equity attributable to the parent company reached ¥2,060,649,503.97, up 54.95% compared to the end of the previous year[10]. - Shareholders' equity attributable to the parent company increased to ¥2,060,649,503.97 from ¥1,329,887,403.32 year-over-year[20]. - Total number of common shareholders at the end of the reporting period is 11,843[14]. - The largest shareholder, Li Jixi, holds 242,227,000 shares, representing 47.64% of total shares, with 103,387,000 shares frozen[14]. Operational Challenges - The decline in revenue and net profit was primarily attributed to delays in project deliveries due to recurring pandemic impacts[12]. - The company reported an increase in labor costs and amortization of convertible bond interest expenses, contributing to the net profit decline[12]. - The company experienced a decrease in other income, which fell to ¥12,027,196.09 from ¥24,594,355.59 year-over-year[23]. Research and Development - Research and development expenses for the first three quarters of 2022 were ¥68,933,800.33, up from ¥61,805,863.56 in the previous year[23]. - The company has ongoing investments in new technologies and products, as indicated by the increase in intangible assets to ¥201,446,366.24 from ¥136,177,143.82 year-over-year[19].