WMM(SZ:002149)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 777,710,396, representing an increase of 11.94% compared to CNY 694,754,600 in the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was CNY 47,258,430, up 12.72% from CNY 41,858,400 in the previous year[5]. - The basic earnings per share for Q3 2023 was CNY 0.0968, reflecting a growth of 12.69% compared to CNY 0.0857 in the same period last year[5]. - The net profit for Q3 2023 was CNY 218,171,818.33, an increase of 16.3% compared to CNY 187,642,140.93 in Q3 2022[20]. - The operating profit for the quarter was CNY 246,758,290.37, compared to CNY 210,304,798.18 in the same period last year, reflecting a growth of 17.3%[20]. - The total comprehensive income for Q3 2023 reached CNY 233,193,303.71, up from CNY 212,555,371.08 in Q3 2022, indicating an increase of 9.7%[20]. - Basic and diluted earnings per share for the quarter were both CNY 0.3087, compared to CNY 0.2772 in the previous year, representing a growth of 11.0%[21]. Assets and Liabilities - The total assets at the end of Q3 2023 reached CNY 7,245,016,810.12, marking a 13.24% increase from CNY 6,395,308,929.42 at the end of the previous year[5]. - The total liabilities of the company reached CNY 3,839,498,312.14, compared to CNY 3,202,382,957.14, reflecting an increase of 19.9%[18]. - The company's total equity increased to CNY 3,405,518,497.98, up from CNY 3,195,564,538.65, reflecting a growth of 6.6%[18]. - Long-term borrowings surged by 618.97% to ¥640,444,444.44, reflecting a restructuring of the debt profile[12]. Cash Flow - Cash flow from operating activities for the year-to-date period increased by 140.24%, amounting to CNY 84,351,340[5]. - The net cash flow from operating activities improved by 140.24% to ¥84,351,342.93, due to a decrease in cash paid for goods compared to the previous year[12]. - The net cash flow from financing activities increased by 67.20% to ¥246,723,959.41, driven by fundraising from the subsidiary Tianli Composite and increased borrowings[12]. - Cash flow from operating activities generated a net inflow of CNY 84,351,342.93, a significant recovery from a net outflow of CNY 209,638,084.73 in the same quarter last year[22]. Receivables and Payables - Accounts receivable rose by 40.50% to CNY 1,383,790,472.44 due to an increase in contracts for high-value products with longer payment cycles[11]. - The company reported a significant increase in other receivables, which surged by 168.45% to CNY 31,284,780.26, attributed to dividends receivable from associated companies[11]. - Accounts payable rose by 74.67% to ¥563,578,269.18, resulting from increased orders and raw material purchases[12]. - The company reported a decrease in credit impairment losses by 52.56% to -¥10,664,529.74, as accounts receivable growth was lower than the previous year[12]. Expenses - R&D expenses increased by 46.72% to ¥122,653,684.76, driven by investments in nuclear power, aviation, and environmental protection[12]. - Sales expenses rose by 43.30% to ¥29,833,856.62, attributed to higher personnel costs and advertising expenses[12]. - The income tax expense increased by 37.90% to ¥28,472,565.70, reflecting higher profits compared to the same period last year[12]. Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to enhance product offerings[5]. Shareholder Information - The company has a total of 34,545 common shareholders as of the report date[14].