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 440,207,250.31 in the same period last year[3]. - The net profit attributable to shareholders was a loss of CNY 8,428,274.25, which is a 38.79% improvement from a loss of CNY 13,769,643.48 in Q3 2020[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 12,361,343.82, a 22.80% improvement from a loss of CNY 16,011,963.22 in the same period last year[3]. - The company reported a 31.4% increase in operating revenue for the first three quarters of 2021, totaling CNY 1,722,635,449.83, compared to CNY 1,311,150,415.21 in the same period last year[8]. - Operating profit for the current period was -¥4,450,025.40, an improvement from -¥12,113,580.32 in the previous period[19]. - Net profit for the current period was -¥4,236,131.01, compared to -¥10,122,561.29 in the same period last year[20]. Assets and Liabilities - The company's total assets increased by 7.11% to CNY 3,356,755,442.52 compared to CNY 3,133,942,842.94 at the end of the previous year[4]. - Total current assets as of September 30, 2021, amount to CNY 2,723,400,388.64, an increase from CNY 2,424,897,546.24 at the end of 2020[15]. - Total liabilities as of September 30, 2021, are CNY 2,546,986,605.64, compared to CNY 2,319,937,875.05 at the end of 2020[16]. - Total non-current assets increased from CNY 709,045,296.70 to CNY 710,301,977.17 due to the recognition of right-of-use assets and lease liabilities[27]. - The company's total current liabilities as of the third quarter amounted to CNY 2,219,883,427.87[28]. Cash Flow - The cash flow from operating activities showed a significant decline, with a net outflow of CNY 5,519,604.75, compared to a net inflow of CNY 136,258,773.63 in the previous year, marking a 104.05% decrease[3]. - Cash flow from operating activities showed a net outflow of -¥5,519,604.75, a significant decrease from a net inflow of ¥136,258,773.63 in the previous period[23]. - The company recorded a significant increase in cash received from operating activities, amounting to CNY 65,957,997.31, a 504.1% increase compared to CNY 10,919,258.95 in the previous year[9]. - The company reported a total cash inflow from financing activities of ¥699,895,652.78, down from ¥810,567,823.29 in the previous period[24]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,771[11]. - The largest shareholder, Wafangdian Bearing Group Co., Ltd., holds 60.61% of shares, totaling 244,000,000 shares[11]. Expenses - The company’s management expenses increased by 45.8% to CNY 73,784,856.78, primarily due to rising wage costs[9]. - Research and development expenses increased to ¥157,697,555.28 from ¥128,764,259.54 in the prior period, reflecting a focus on innovation[18]. - Sales expenses rose to ¥128,174,664.17, compared to ¥110,640,932.16 in the previous period, indicating increased marketing efforts[18]. Other Financial Metrics - The weighted average return on net assets was -1.04%, an improvement from -1.16% at the end of the previous year[4]. - The company reported a net loss of CNY -215,292,604.60 for the period, slightly worsening from CNY -211,056,473.59 in the previous period[17]. - The company has a capital reserve of CNY 485,691,050.47, unchanged from the previous period[16]. - The company has no preferred shareholders or significant new strategies reported in the current quarter[13]. - The company confirmed the recognition of right-of-use assets and lease liabilities for all leases, excluding short-term and low-value asset leases[30]. - The third quarter report for 2021 was not audited[31].