WLM(SZ:300591)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY -13,702,351.50, a decrease of 833.59% year-on-year[8] - The company reported a net profit attributable to shareholders of CNY -68,852,597.10 for the year-to-date, a decrease of 705.68% compared to the same period last year[8] - The net profit for Q3 2020 was a loss of approximately ¥68.16 million, representing a decline of 589.33% compared to a profit of ¥13.93 million in Q3 2019[17] - The company reported a net loss of CNY 13,523,787.33 for the year-to-date, compared to a loss of CNY 1,335,017.86 in the previous year[43] - The company’s total comprehensive loss for the quarter was CNY 12,886,774.81, compared to a loss of CNY 1,053,471.79 in the same quarter last year[39] Revenue and Income - Operating income for the period was CNY 112,072,631.59, an increase of 6.08% compared to the same period last year[8] - The company's operating revenue for Q3 2020 was approximately ¥270.39 million, a decrease of 39.80% compared to ¥449.12 million in Q3 2019, primarily due to the impact of the pandemic[16] - Total operating revenue for the third quarter was CNY 112,072,631.59, an increase from CNY 105,644,893.37 in the previous period[36] - Total operating revenue for the year-to-date was CNY 270,385,977.76, down from CNY 449,124,380.93, reflecting a decrease of approximately 39.9%[44] Cash Flow - The net cash flow from operating activities was CNY 54,490,641.45, down 56.49% from the previous year[8] - The cash flow from operating activities for Q3 2020 was a negative ¥65.47 million, a decrease of 201.87% compared to a positive cash flow of ¥64.27 million in Q3 2019[17] - The net cash flow from operating activities was -95,201,225.59 CNY, compared to 94,750,999.79 CNY in the previous period[58] - The total cash and cash equivalents at the end of the period were 43,766,358.01 CNY, down from 139,836,966.62 CNY at the end of the previous period[59] Assets and Liabilities - Total assets decreased by 7.76% to CNY 1,172,378,019.04 compared to the end of the previous year[8] - Total assets decreased to CNY 1,149,551,077.94 from CNY 1,247,285,252.67[34] - Total liabilities decreased to CNY 623,642,837.56 from CNY 681,541,472.35[34] - Current liabilities totaled CNY 524,230,055.03, down from CNY 539,169,214.49[33] - Shareholders' equity totaled CNY 525,908,240.38, down from CNY 565,743,780.32[34] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,427[12] - The largest shareholder, Lin Dayao, holds 28.35% of the shares, amounting to 90,454,000 shares[12] Government Subsidies - The company received government subsidies amounting to CNY 2,296,688.99, which are closely related to its business[9] - The company reported a 100% increase in other income to approximately ¥882,465, primarily from government subsidies unrelated to business operations[16] Research and Development - Research and development expenses were CNY 2,312,281.65, a decrease of 65.7% compared to CNY 6,743,504.34 in the prior year[38] - Research and development expenses for Q3 2020 were ¥17.98 million, slightly down from ¥18.74 million in Q3 2019[49] Future Outlook - The company expects cumulative net profit for the year to be a loss, as Q4 2020 is not anticipated to offset the losses incurred in the first three quarters[21] - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[68]