Willfar(SH:688100)2020-10-19 16:00Financial Performance - Net profit attributable to shareholders rose by 28.62% to CNY 208,929,451.21 year-on-year[11] - Operating revenue reached CNY 1,044,342,698.77, an increase of 18.80% compared to the same period last year[11] - Basic earnings per share increased by 16.67% to CNY 0.42[11] - Total operating revenue for Q3 2020 reached RMB 372,715,316.22, a 40.2% increase from RMB 265,684,524.20 in Q3 2019[51] - Net profit for Q3 2020 was RMB 71,992,337.82, representing a 47.3% increase compared to RMB 48,921,765.10 in Q3 2019[53] - The company reported a total profit of RMB 86,529,482.63 for Q3 2020, compared to RMB 57,881,527.19 in Q3 2019, marking a 49.4% increase[53] - The net profit for the period reached ¥59,787,840.01, an increase from ¥41,793,700.30 in the previous year, representing a growth of approximately 42.9%[60] Assets and Liabilities - Total assets increased by 25.24% to CNY 3,064,413,614.64 compared to the end of the previous year[11] - Total liabilities decreased to ¥780,211,954.75 from ¥881,114,690.13, a decline of approximately 11.5%[39] - Current liabilities decreased to ¥772,456,400.83 from ¥873,298,307.40, a reduction of approximately 11.6%[39] - Total current assets amounted to ¥1,656,656,036.66, indicating a healthy asset base[85] - The total equity attributable to shareholders reached ¥1,557,816,553.37, contributing to total equity of ¥1,565,752,916.75[84] Cash Flow - The net cash flow from operating activities decreased by 37.63% to CNY 64,347,453.25 year-to-date[11] - The cash flow from operating activities showed a net inflow of ¥64,347,453.25, down from ¥103,166,459.96, a decrease of approximately 37.6%[68] - The company reported a decrease in sales cash receipts to 615,024,245.78 RMB from 630,917,525.55 RMB year-over-year[72] - The cash flow from investment activities was negative at -837,892,523.37 RMB, indicating significant investment expenditures[73] Research and Development - Research and development expenses accounted for 8.28% of operating revenue, up by 0.38 percentage points year-on-year[11] - The number of R&D personnel reached 352, representing 48.55% of the total workforce[14] - The company added 4 new patents and 1 software copyright during the reporting period, bringing the total to 611 effective patents[14] - Research and development expenses in Q3 2020 amounted to RMB 34,294,564.39, a 37.9% increase from RMB 24,857,704.40 in Q3 2019[51] - The company plans to continue investing in R&D to drive future growth and innovation[51] Income and Expenses - The company’s other income rose by 91.73% to CNY 22,653,595.02, driven by increased government subsidies and software tax rebates[25] - The company’s income tax expense increased by 30.03% to CNY 37,032,811.81, reflecting higher profits during the reporting period[25] - The company’s tax expenses for Q3 2020 were RMB 14,537,144.81, up from RMB 8,959,762.09 in Q3 2019, indicating a 62.5% increase[53] Market and Contracts - The company signed new contracts worth CNY 1,476,000,000 during the reporting period, with a backlog of CNY 1,365,000,000 at the end of the period[14] - The company is currently focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[25]