WBC(SZ:200706)2021-10-25 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 641,570,596.17, representing a 54.81% increase compared to CNY 414,418,250.31 in the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 8,428,274.25, a 38.79% improvement from a loss of CNY 13,769,643.48 in the previous year[3]. - The net cash flow from operating activities was negative CNY 5,519,604.75, indicating a significant decline of 104.05% compared to the previous year[3]. - The company's basic earnings per share were negative CNY 0.02, a 33.33% improvement from negative CNY 0.03 in the same period last year[3]. - The weighted average return on net assets was -1.04%, showing a slight improvement from -1.16% in the previous year[4]. - The company reported a net loss of ¥4,236,131.01, an improvement compared to a net loss of ¥10,122,561.29 in the same period last year, reflecting a reduction in losses by approximately 58%[20]. - Basic and diluted earnings per share were both -¥0.01, compared to -¥0.03 in the previous period, indicating a slight improvement in per-share performance[20]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,356,755,442.52, reflecting a 7.11% increase from CNY 3,133,942,842.94 at the end of the previous year[4]. - Total assets as of September 30, 2021, amounted to CNY 3,356,755,442.52, an increase from CNY 3,133,942,842.94 at the end of 2020[14]. - Current assets totaled CNY 2,723,400,388.64, up from CNY 2,424,897,546.24 year-over-year, indicating a growth of approximately 12.3%[15]. - The company's inventory increased to CNY 787,468,082.55 from CNY 615,656,946.30, reflecting a rise of about 27.9%[15]. - Total liabilities reached CNY 2,546,986,605.64, compared to CNY 2,319,937,875.05 in the previous year, marking an increase of approximately 9.8%[16]. - The total liabilities to equity ratio stands at approximately 3.15, indicating a high leverage position[16]. - Total liabilities reached CNY 2,319,937,875.05, with current liabilities accounting for CNY 2,219,883,427.87[28]. - The company's total assets were reported at CNY 3,133,942,842.94[28]. Operating Costs and Expenses - The company's operating costs increased to CNY 1,336,105,856.80, a rise of 33.6% from CNY 1,000,116,393.92 in the previous year[8]. - The management expenses rose by 45.8% to CNY 73,784,856.78, primarily due to increased salary expenses[9]. - Total operating costs amounted to ¥1,735,766,473.63, up from ¥1,332,645,283.78, indicating an increase of about 30.2%[18]. - Research and development expenses increased to ¥157,697,555.28 from ¥128,764,259.54, marking a rise of about 22.5%[18]. Cash Flow and Financing - The net cash flow from operating activities was negative at -¥5,519,604.75, a decline from a positive cash flow of ¥136,258,773.63 in the previous period[23]. - The company generated ¥856,242,985.96 in cash from sales of goods and services, slightly up from ¥841,605,275.72 in the previous period[22]. - The net cash flow from financing activities was negative at -¥7,928,435.90, an improvement from -¥145,848,409.38 in the previous period[24]. - The company recorded a foreign exchange loss of -¥757,984.06, compared to -¥934,229.54 in the previous period, indicating a reduction in losses from currency fluctuations[24]. Shareholder Information - The number of common shareholders at the end of the reporting period was 5,771[11]. - The largest shareholder, Wafangdian Bearing Group Co., Ltd., holds a 60.61% stake, equating to 244,000,000 shares[11]. - The total equity attributable to shareholders was CNY 809,768,836.88, down from CNY 814,004,967.89[17]. Other Information - The company reported accounts receivable of CNY 1,059,648,250.52, an increase from CNY 975,628,091.12 year-over-year[15]. - The company adopted a simplified approach for the new leasing standards effective January 1, 2021, without affecting retained earnings[30]. - The third quarter report was not audited, indicating preliminary financial data[31].