WXLH(SZ:300694)2023-10-29 16:00Financial Performance - The company's revenue for Q3 2023 was ¥401,408,963.22, a decrease of 3.40% compared to the same period last year, while year-to-date revenue increased by 11.06% to ¥1,201,144,869.63[5] - Net profit attributable to shareholders for Q3 2023 was ¥22,325,303.20, up 4.87% year-on-year, and year-to-date net profit increased by 54.57% to ¥59,736,389.30[5] - Total operating revenue for Q3 2023 reached ¥1,201,144,869.63, an increase of 11.1% compared to ¥1,081,523,647.20 in Q3 2022[23] - Net profit for Q3 2023 was ¥59,212,606.08, representing a 54.4% increase from ¥38,343,508.87 in Q3 2022[25] - Earnings per share for Q3 2023 was ¥0.28, compared to ¥0.18 in the same period last year, reflecting a 55.6% increase[26] Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period reached ¥124,971,328.95, a significant increase of 1,881.20%[5] - Cash flow from operating activities generated a net amount of ¥124,971,328.95, a significant recovery from a negative cash flow of ¥7,016,146.19 in Q3 2022[27] - The company reported a cash balance of CNY 172,050,474.68 as of September 30, 2023, compared to CNY 114,179,777.12 at the beginning of the year[21] - The increase in cash and cash equivalents for the period was 79,062,145.55, compared to 58,901,737.35 in the prior year[28] - The total assets at the end of Q3 2023 were ¥2,029,149,431.88, reflecting a growth of 4.08% compared to the end of the previous year[5] Shareholder Information - The total number of common shareholders at the end of the reporting period is 14,564[11] - The largest shareholder, Quanzhou Water Affairs Dingsheng, holds 29.00% of shares, totaling 62,441,923 shares[11] - The top ten unrestricted shareholders hold a total of 62,441,923 shares, with Quanzhou Water Affairs Dingsheng being the largest[11] Employee Stock Ownership Plan - The employee stock ownership plan's second lock-up period ended on September 1, 2023, with all performance indicators met for unlocking[13] - The company plans to allow up to 50% of the total shares held under the employee stock ownership plan to be sold within 12 months after the lock-up period ends[14] - The company’s performance assessment for the employee stock ownership plan was based on achieving a net profit growth rate of at least 20% for 2021 and 30% for 2022 compared to 2020[13] - The company unlocked 1,096,000 shares corresponding to the second unlocking period of the first employee stock ownership plan[16] - The 2023 restricted stock incentive plan aims to grant up to 5.5 million shares, accounting for 2.554% of the total share capital[18] Expenses and Liabilities - The company experienced a 94.08% increase in selling expenses, totaling ¥25,625,995.91, primarily due to marketing costs associated with new customer projects[9] - The company reported a decrease in income tax expenses by 71.57%, amounting to ¥874,786.33, due to the impact of additional deductions[9] - The company's total liabilities as of September 30, 2023, were CNY 711,806,586.47, compared to CNY 683,222,449.79 at the beginning of the year[22] - The company reported a decrease in financial expenses, with interest expenses at ¥10,333,259.37 compared to ¥8,372,675.96 in the previous year, indicating better cost management[23] Research and Development - Research and development expenses increased to ¥53,883,414.17, up from ¥47,560,867.96, indicating a focus on innovation[23] Audit Information - The company did not undergo an audit for the third quarter report[29]