WBC(SZ:200706)2019-10-28 16:00Financial Performance - Operating revenue for the reporting period was CNY 439,006,040.14, down 20.34% year-on-year [8]. - Net profit attributable to shareholders was a loss of CNY 18,609,107.09, a decline of 1,001.38% compared to the same period last year [8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 21,897,768.34, an increase of 1,820.19% year-on-year [8]. - Basic earnings per share were -CNY 0.046, a decrease of 1,020.00% compared to the same period last year [8]. - The weighted average return on net assets was -1.40%, a decrease of 16.40% year-on-year [8]. - The company's net profit for Q3 2019 showed a significant decline, with a reported loss of CNY 21,473,539.95 compared to a profit in the previous year [33]. - The total revenue for the year-to-date period was ¥1,396,545,440.56, down from ¥1,625,978,587.95 in the previous year [40]. - The net profit for the current period is CNY 5.48 million, down 58.19% from CNY 13.09 million in the same period last year [45]. - The total comprehensive income for Q3 2019 was a loss of ¥18,609,107.09, compared to a gain of ¥2,064,511.90 in Q3 2018 [38]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 3,078,785,798.86, a decrease of 6.65% compared to the end of the previous year [8]. - Total assets decreased to 3.08 billion from 3.30 billion, reflecting a reduction in both current and non-current assets [26][27]. - Current liabilities increased with short-term borrowings rising to 655 million from 620 million [27]. - Total liabilities decreased to CNY 1,725,703,497.29 from CNY 1,918,144,287.94, reflecting a reduction of 10.0% [29]. - The company's total equity as of September 30, 2019, was CNY 1,353,082,301.57, down from CNY 1,380,023,044.55 at the end of 2018 [29]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 103,430,260.88, down 27.17% compared to the same period last year [8]. - Cash received from operating activities increased by 3062.75% to 6.45 million from 0.20 million, attributed to payments received from the land reserve center [14]. - Cash received from borrowings increased by 235.90% to 65.50 million from 19.50 million, influenced by loan restructuring [14]. - Cash repaid for debts increased by 68.91% to 62.00 million from 36.71 million, also affected by loan restructuring [14]. - The cash flow from operating activities for the current period is CNY 103.43 million, down 27.14% from CNY 142.02 million in the previous period [49]. - The company reported a net cash outflow from financing activities of CNY -178.96 million, compared to CNY -101.55 million in the previous period [49]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,432 [11]. - The largest shareholder, Wafangdian Bearing Group Co., Ltd., held 60.61% of the shares [11]. Operating Costs and Expenses - Total operating costs for Q3 2019 were CNY 460,479,580.09, down 16.7% from CNY 552,648,146.77 year-on-year [33]. - The company reported a significant increase in operating expenses, with non-operating expenses rising by 512.79% to 0.53 million from 0.09 million [14]. - The company incurred a total operating cost of approximately CNY 1.24 billion, which is a decrease of 13.00% from CNY 1.42 billion in the previous period [44]. - The financial expenses for Q3 2019 amounted to ¥11,490,232.41, an increase from ¥8,873,989.26 in Q3 2018 [37]. Research and Development - The company’s R&D expenses for Q3 2019 were reported as a negative CNY 1,499,471.71, indicating a reduction in R&D spending compared to the previous year [33]. - Research and development expenses for the current period are CNY 3.67 million, slightly down from CNY 3.72 million in the previous period [45]. Audit and Reliability - The company did not undergo an audit for the third-quarter report, which may affect the reliability of the financial data presented [54].