WBC(SZ:200706)2020-10-26 16:00Financial Performance - Operating revenue for the reporting period was ¥440,207,250.31, a slight increase of 0.27% year-on-year[8]. - Net profit attributable to shareholders of the listed company was -¥13,769,643.48, down 26.01% compared to the same period last year[8]. - Basic earnings per share were -¥0.034, a decrease of 26.44% year-on-year[8]. - The total operating revenue for the third quarter was CNY 482,737,213.33, an increase from CNY 442,980,205.34 in the same period last year, representing an increase of approximately 8.5%[40]. - The net profit for the third quarter was a loss of CNY 13,769,643.48, an improvement compared to a loss of CNY 18,609,107.09 in the previous year, indicating a reduction in losses of approximately 26.5%[39]. - The total comprehensive income for the current period was ¥-10,122,561.29, compared to ¥-10,838,039.66 in the previous period, indicating a reduction in losses[45]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,070,953,743.47, an increase of 3.70% compared to the end of the previous year[8]. - Current liabilities totaled CNY 1,814,158,617.67, up from CNY 1,672,629,325.10, reflecting an increase of approximately 8.5%[30]. - Total liabilities increased to CNY 1,886,842,847.30 from CNY 1,735,036,071.10, reflecting an increase of about 8.7%[30]. - The total assets of the company were reported at CNY 2,898,082,089.50, with current assets totaling CNY 2,061,252,422.03[61]. Cash Flow - The net cash flow from operating activities increased by 38.63% to ¥63,737,346.58[8]. - The cash received from operating activities decreased by 83.08% to 1,092,000 CNY, mainly due to last year's land payment received from the land reserve center[16]. - The net cash flow from operating activities for the third quarter was CNY 297,479,101.99, an increase of 5.0% compared to CNY 281,075,605.17 in the same period last year[54]. - Total cash inflow from operating activities reached CNY 1,483,715,785.71, up from CNY 1,444,903,660.27 year-on-year[54]. Shareholder Information - Net assets attributable to shareholders of the listed company decreased by 3.45% to ¥1,184,110,896.17[8]. - The total number of common shareholders at the end of the reporting period was 6,129[12]. - The largest shareholder, Wafangdian Bearing Group Co., Ltd., holds 60.61% of the shares[12]. Research and Development - Research and development expenses surged by 2787.00% to 12,876,000 CNY, reflecting a significant increase in R&D costs reported separately this period[16]. - Research and development expenses significantly increased to ¥128,764,259.54 from ¥4,459,316.43, indicating a rise of over 2,800%[44]. Financial Ratios - The weighted average return on net assets was -0.02%, a decline of 14.80% compared to the previous year[8]. - The company reported a 100.00% decrease in advance receipts, which were transferred to contract liabilities under new standards, totaling 5,330,000 CNY[16]. Other Financial Metrics - Non-recurring gains and losses totaled ¥10,415,914.81 for the year-to-date[9]. - The company distributed dividends totaling 5,648,000 CNY, an increase of 53.73% year-on-year[16]. - The company reported a decrease in fair value changes, with losses of ¥-57,011.50 compared to ¥-15,408.51 in the previous period[44].