WGQ(SH:900912)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 11.61% to CNY 740,757,913.36 for the period from January to September[7] - Operating revenue rose by 18.55% to CNY 6,803,937,368.22 for the same period[7] - Basic earnings per share increased by 12.07% to CNY 0.65[7] - The weighted average return on equity improved by 0.55 percentage points to 7.02%[7] - Total operating revenue for Q3 2019 was CNY 1,877,244,183, an increase of 4.9% compared to CNY 1,788,997,547 in Q3 2018[25] - Net profit for Q3 2019 was CNY 68,526,938, a decrease of 53.9% from CNY 148,541,714 in Q3 2018[27] - Total operating costs for Q3 2019 were CNY 1,783,808,221, up 7.4% from CNY 1,660,877,316 in Q3 2018[25] - The company reported a gross profit margin of approximately 5.0% for Q3 2019, down from 6.8% in Q3 2018[27] - Basic earnings per share for Q3 2019 were CNY 0.04, compared to CNY 0.12 in Q3 2018[29] - Total comprehensive income for Q3 2019 was CNY 69,164,825, a decrease of 51.4% from CNY 142,360,325 in Q3 2018[29] - The total profit for Q3 2019 was CNY 101,828,531, a decrease of 41.0% from CNY 172,475,798 in Q3 2018[27] Cash Flow and Liquidity - Net cash flow from operating activities surged by 1,203.21% to CNY 754,125,883.29 compared to the same period last year[7] - Cash flow from operating activities for the first three quarters of 2019 was ¥754.13 million, a significant increase from ¥57.87 million in the same period of 2018[34] - Total cash inflow from operating activities decreased to 3,693,703,991.88 RMB in 2019 from 7,656,463,228.55 RMB in 2018, representing a drop of approximately 51.7%[36] - Cash outflow from operating activities also decreased, but at a slower rate, resulting in a net cash outflow from operations[36] - The net increase in cash and cash equivalents for Q3 2019 was -61,902,704.07 RMB, contrasting sharply with a net increase of 1,246,988,016.79 RMB in Q3 2018[37] - The ending balance of cash and cash equivalents as of Q3 2019 was 767,094,123.93 RMB, down from 1,686,373,467.31 RMB at the end of Q3 2018[37] Assets and Liabilities - Total assets decreased by 3.45% to CNY 30,008,842,435.37 compared to the end of the previous year[7] - The company’s total liabilities reached CNY 18,836,756,361.04, compared to CNY 20,388,446,101.00 previously, indicating a reduction of about 7.6%[19] - Current liabilities totaled CNY 12,899,594,812.40, down from CNY 15,261,664,839.83 in the previous period[19] - Long-term borrowings increased to CNY 1,373,255,865.87 from CNY 942,765,063.54, reflecting a growth of approximately 45%[19] - The company reported a total asset value of CNY 20,219,592,415.91, with current assets totaling CNY 11,204,477,154.24[48] - Total liabilities amounted to CNY 20,388,446,101.00, with current liabilities at CNY 15,261,664,839.83[43] Shareholder Information - The total number of shareholders reached 71,067 by the end of the reporting period[11] - The largest shareholder, Shanghai Waigaoqiao Asset Management Co., Ltd., holds 53.03% of the shares[11] - Shareholders' equity rose to CNY 11,172,086,074.33, up from CNY 10,693,340,804.49, representing an increase of approximately 4.5%[19] Investment and Expenses - Research and development expenses for Q3 2019 were CNY 1,472,896, an increase of 18.4% from CNY 1,244,776 in Q3 2018[25] - Investment income decreased by 47.93% to ¥3,530.13 million, mainly due to reduced returns from equity investments and financial assets[14] - The company reported a significant increase in research and development expenses, although specific figures were not disclosed in the provided data[30] Government Subsidies and Other Income - Government subsidies related to normal business operations amounted to CNY 42,447,463.89 for the period from January to September[9] - Other income increased by 279.42% to ¥3,526.45 million, primarily due to an increase in government subsidies received compared to the previous year[14] - Non-operating income and expenses totaled CNY 12,859,186.13 for the current period[9]