WMM(SZ:002149)2020-10-29 16:00Financial Performance - Operating revenue for the reporting period was ¥539,638,582.87, a decrease of 2.11% compared to the same period last year[9]. - Net profit attributable to shareholders of the listed company was ¥21,660,176.44, down 11.61% year-on-year[9]. - Net profit attributable to shareholders after deducting non-recurring gains and losses was ¥16,987,094.62, a decrease of 42.65% compared to the same period last year[9]. - Basic earnings per share decreased by 11.66% to ¥0.0509[9]. - Diluted earnings per share also decreased by 11.66% to ¥0.0509[9]. - The weighted average return on net assets was 1.22%, down from 2.02% in the previous year[9]. - The company reported a net profit of CNY 109,555,021.30, up from CNY 103,906,983.27, showing an increase of about 5.3%[60]. - The profit attributable to the parent company's shareholders is CNY 21,660,176.44, up from CNY 15,523,555.12 in the previous period, reflecting a growth of approximately 39.1%[69]. - The total profit for the current period was ¥69,712,198.62, compared to ¥92,524,831.62 in the previous period, reflecting a decline of approximately 24.7%[88]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥4,508,339,720.74, an increase of 1.86% compared to the end of the previous year[9]. - The company's current assets totaled CNY 2,717,392,610.51, up from CNY 2,579,232,052.25, reflecting a growth of approximately 5.4%[44]. - The total liabilities of the company were reported at CNY 2,396,687,166.83, compared to CNY 2,295,231,018.38, marking an increase of approximately 4.4%[50]. - Short-term borrowings increased by 37.70% to ¥1,053,125,555.55, driven by higher working capital needs for production operations[20]. - The company's equity attributable to shareholders decreased to CNY 1,770,476,520.51 from CNY 1,798,939,410.91, a decline of approximately 1.6%[53]. - Total liabilities rose to CNY 1,249,653,891.26, compared to CNY 1,113,131,398.62, marking an increase of around 12.3%[60]. - The company's total current liabilities amounted to CNY 1,076,345,195.41, up from CNY 928,639,987.28, indicating an increase of approximately 15.9%[60]. Cash Flow - The net cash flow from operating activities was negative at ¥86,612,258.44, an improvement of 12,357.46% compared to the previous year[9]. - Net cash flow from operating activities was -¥217,351,154.80, a decrease of 12,357.46% due to increased working capital requirements from higher sales of titanium alloy materials[23]. - The net cash flow from financing activities decreased by 34.16% to ¥184,378,316.23, attributed to a reduction in new borrowings compared to the previous year[23]. - Cash inflow from operating activities totaled 886,188,549.85, while cash outflow reached 1,103,539,704.65, resulting in a net cash flow deficit[94]. - The ending balance of cash and cash equivalents was 126,507,050.21, down from 412,480,826.86 in the previous period[97]. Research and Development - Development expenses rose by 99.68% to ¥32,335,563.86, reflecting increased R&D investment in nuclear power, aviation, and environmental protection[20]. - Research and development expenses rose to CNY 24,777,987.08 from CNY 21,054,955.39, an increase of about 17.5%[62]. - Research and development expenses increased to ¥4,641,853.34 from ¥3,057,960.61, marking an increase of approximately 51.8%[88]. Investor Relations and Future Strategies - The company engaged in various investor relations activities, discussing production operations and financial conditions with multiple investment firms[40]. - The company is actively pursuing non-public issuance progress, indicating potential future capital raising strategies[40]. - The company received approval from state-owned asset authorities for a non-public stock issuance on July 7, 2020[24].