WLM(SZ:300591)2023-10-29 16:00Financial Performance - The company's revenue for Q3 2023 was ¥175,387,512.54, a decrease of 2.54% compared to the same period last year, while year-to-date revenue increased by 7.33% to ¥430,080,451.49[5] - Net profit attributable to shareholders for Q3 2023 was ¥1,515,978.94, representing a significant increase of 148.39% year-on-year, and year-to-date net profit rose by 155.31% to ¥6,364,128.42[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,047,623.94, down 22.60% year-on-year, but year-to-date it increased by 175.17% to ¥5,403,616.74[5] - The company reported a total profit of ¥8,351,437.24 for the year-to-date, a turnaround from a loss of ¥13,519,363.69 in the same period last year, marking a 161.77% improvement[10] - Net profit for Q3 2023 was CNY 7,519,237.33, a significant recovery from a net loss of CNY 10,494,518.89 in the previous year[19] - The company reported a comprehensive income total of CNY 7,177,615.69, compared to a comprehensive loss of CNY 11,683,115.45 in the same quarter last year[20] Assets and Liabilities - The company's total assets as of September 30, 2023, were ¥1,067,958,590.39, reflecting a 12.38% increase from the end of the previous year[5] - The company's total assets as of September 30, 2023, amount to CNY 1,067,958,590.39, an increase from CNY 950,268,280.15 at the beginning of the year[15] - The company's total liabilities rose to CNY 484,340,328.01, compared to CNY 373,827,633.46 at the end of the previous period[19] - Current liabilities decreased slightly to CNY 144,674,534.72 from CNY 150,577,435.71[15] Cash Flow - Cash flow from operating activities showed a net outflow of ¥601,414.68, a 99.60% improvement compared to the previous year, driven by increased sales collections[10] - Cash flow from operating activities was CNY 438,792,221.45, significantly higher than CNY 277,581,459.19 in the previous year, showing improved cash generation[22] - The net cash outflow from operating activities was CNY 601,414.68, compared to a net outflow of CNY 150,761,090.75 in the previous period[23] - The total cash inflow from investment activities was CNY 311,469.22, while cash outflow was CNY 15,435,237.90, resulting in a net cash outflow of CNY 15,123,768.68[23] - Cash inflow from financing activities amounted to CNY 145,000,000.00, with cash outflow totaling CNY 159,494,618.11, leading to a net cash outflow of CNY 14,494,618.11[23] - The ending balance of cash and cash equivalents was CNY 85,690,974.37, down from CNY 108,691,218.91 in the previous period[23] Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,611[11] - The largest shareholder, Lin Dayao, holds 11.28% of shares, totaling 45,765,700 shares[11] - The company has a total of 20,290,000 shares held by Shenzhen Qiheng Private Securities Fund Management Co., Ltd., representing 5.00% of the total shares[11] Inventory and Receivables - Accounts receivable increased by 30.82% to ¥417,174,117.87, primarily due to higher revenue compared to the previous year[9] - Inventory levels rose by 51.06% to ¥162,173,596.34, attributed to stockpiling for group purchase orders[9] - Accounts receivable increased to CNY 417,174,117.87 from CNY 318,887,781.64 at the start of the year, reflecting a growth of approximately 30.8%[14] - Inventory has risen to CNY 162,173,596.34, up from CNY 107,360,042.62, indicating a growth of about 51.1%[15] Research and Development - Research and development expenses increased to CNY 20,699,325.57, up from CNY 16,915,475.74, indicating a focus on innovation[19] Strategic Outlook - The company aims to continue expanding its market presence and enhancing product development strategies in the upcoming quarters[19] - The company has not reported any new strategies or product developments in the current quarter[13] - The company has not yet adopted the new accounting standards for the current year[24] Audit Status - The third-quarter report was not audited[25]