WGQ(SH:900912)2020-10-28 16:00Financial Performance - Revenue for the first nine months was ¥6.20 billion, a decrease of 9.17% year-on-year[7] - Net profit attributable to shareholders of the listed company was ¥446.93 million, down 39.36% from the previous year[7] - Basic earnings per share decreased by 40.00% to ¥0.39[9] - The weighted average return on equity decreased by 2.63 percentage points to 4.15%[9] - The company reported a significant decrease in investment income, down 144.65% to -¥1,576,110.00, due to reduced earnings from associated companies[15] - The net profit for the first three quarters of 2020 was ¥321,335,571.25, compared to ¥684,659,706.07 in the same period of 2019, indicating a decrease of about 53%[33] - The total profit for Q3 2020 was -¥136,320,184.67, compared to -¥31,488,816.87 in Q3 2019, reflecting a worsening loss situation[32] - The company reported a total profit of approximately $110.81 million for Q3 2020, up from $102.51 million in Q3 2019, an increase of 8.83%[29] Assets and Liabilities - Total assets at the end of the reporting period reached ¥35.16 billion, an increase of 1.02% compared to the end of the previous year[7] - Total liabilities reached CNY 24.11 billion, slightly up from CNY 23.94 billion, indicating a growth of about 0.7%[20] - Current liabilities decreased to CNY 16.50 billion from CNY 17.61 billion, a reduction of about 6.3%[19] - Non-current liabilities rose to CNY 7.60 billion, compared to CNY 6.33 billion, marking an increase of approximately 21%[20] - The company’s total liabilities as of the end of Q3 2020 were CNY 34,807,905,975.36, with short-term borrowings amounting to CNY 10,243,397,995.49[42] - Total assets increased to CNY 35.16 billion, up from CNY 34.81 billion year-over-year, representing a growth of approximately 1%[19] - The company’s total current assets include cash and cash equivalents of CNY 276,828,388.90 and inventory of CNY 7,357,894,613.88[47] Cash Flow - Operating cash flow net amount for the first nine months was ¥1.76 billion, a significant increase of 327.29% compared to the same period last year[7] - Cash and cash equivalents increased by 49.82% to ¥2,839,249,491.35, primarily due to pre-received payments for the Xinghewan project[15] - The net cash flow from operating activities for the first three quarters of 2020 was ¥1,755,031,622.22, up from ¥410,738,575.87 in the same period of 2019, showing a substantial increase[34] - The company reported total operating cash inflows of CNY 6,466,466,461.36 in the first nine months of 2020, compared to CNY 3,693,703,991.88 in the same period of 2019, representing an increase of approximately 74.8%[38] - The cash inflow from financing activities in Q3 2020 was CNY 6,579,000,000.00, down from CNY 8,739,000,000.00 in Q3 2019[39] Shareholder Information - Net assets attributable to shareholders of the listed company were ¥10.72 billion, reflecting a growth of 1.65% year-on-year[7] - The total number of shareholders at the end of the reporting period was 62,573[12] - The largest shareholder, Shanghai Waigaoqiao Asset Management Co., Ltd., held 53.03% of the shares[12] - The total equity attributable to shareholders increased to CNY 10.72 billion from CNY 10.55 billion, reflecting a growth of approximately 1.6%[20] Research and Development - Research and development expenses rose by 57.56% to ¥756,930.00, attributed to increased R&D costs at the subsidiary Xixiaer[15] - Research and development expenses increased to approximately $3.53 million in Q3 2020, compared to $1.47 million in Q3 2019, representing a growth of 139.56%[29] - The company’s research and development expenses were not explicitly detailed in the provided data, but management emphasized ongoing investment in innovation[32] Financial Outlook - Future outlook and strategic initiatives were not explicitly mentioned in the provided data, suggesting a focus on current performance metrics[31] - The company plans to expand its market presence and explore potential mergers and acquisitions to enhance growth opportunities in the future[32]