WLM(SZ:300591)2021-10-26 16:00Financial Performance - The company's operating revenue for the third quarter was ¥60,731,474.96, a decrease of 45.81% compared to the same period last year[3] - The net profit attributable to shareholders was -¥27,350,716.73, reflecting a decline of 99.61% year-on-year[3] - The basic earnings per share for the third quarter was -¥0.0830, down 89.93% year-on-year[3] - The weighted average return on equity was -5.86%, a decrease of 3.10% compared to the previous year[3] - The company reported a net loss of CNY 99,336,339.13 for the period, compared to a loss of CNY 63,095,932.02 in the previous year[17] - The net profit for Q3 2021 was -36,788,404.11 CNY, compared to -68,161,134.13 CNY in Q3 2020, showing an improvement of approximately 46% year-over-year[20] - Operating profit for Q3 2021 was -47,690,005.60 CNY, an improvement from -67,646,916.88 CNY in the same period last year[20] - The company reported a total comprehensive loss of -36,732,091.77 CNY for Q3 2021, compared to -68,062,746.05 CNY in Q3 2020[21] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was ¥26,899,695.56, an increase of 141.09% compared to the previous year[3] - The cash flow from operating activities generated a net amount of 26,899,695.56 CNY, a significant recovery from -65,468,950.87 CNY in the previous year[25] - Cash and cash equivalents decreased to CNY 32,994,521.93 from CNY 102,571,135.98 at the end of 2020, representing a decline of 67.8%[15] - Cash and cash equivalents at the end of Q3 2021 were 24,100,500.58 CNY, down from 66,249,111.20 CNY at the end of Q3 2020[25] Assets and Liabilities - Total assets decreased by 17.65% to ¥867,632,904.94 compared to the end of the previous year[4] - Total assets as of September 30, 2021, were CNY 867,632,904.94, down from CNY 1,053,633,083.92 at the end of 2020, a decrease of 17.6%[16] - Total liabilities decreased to CNY 388,166,888.73 from CNY 537,434,975.94, a reduction of 28%[17] - Total liabilities reached CNY 537,434,975.94, with current liabilities at CNY 534,348,202.67 and non-current liabilities at CNY 3,086,773.27[29] - The company's total equity decreased to CNY 479,466,016.21 from CNY 516,198,107.98, a decline of 7.1%[17] - The company's equity totaled CNY 516,198,107.98, with attributable equity to shareholders at CNY 489,535,047.10[30] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 22,380[10] - The company has a negative retained earnings of CNY -63,095,932.02, reflecting accumulated losses[30] Government Support and Expenses - The company reported a significant increase in government subsidies, with other income rising by 92.49% to ¥1,698,669.31[9] - Research and development expenses increased to 22,574,867.74 CNY from 17,983,430.05 CNY, reflecting a growth of approximately 25% year-over-year[20] - The company incurred financial expenses of 11,333,017.58 CNY, a decrease from 13,525,102.96 CNY in the previous year[20] Other Financial Metrics - The company experienced a 100% increase in lease liabilities due to the recognition of right-of-use assets under new leasing standards[9] - The total cash outflow from financing activities was 261,473,805.74 CNY, compared to 226,243,955.09 CNY in Q3 2020, indicating an increase in financing costs[25] - The report was not audited, which may affect the reliability of the financial data presented[31] - The company has a deferred tax asset of CNY 47,901,002.51, which could provide future tax benefits[28]