Wanma Tech(300698)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥47,060,886.25, a decrease of 65.51% compared to the same period last year[2] - The net profit attributable to shareholders was ¥1,066,940.46, down 45.33% year-on-year, while the net profit for the year-to-date increased by 162.55% to ¥6,599,378.16[2] - The basic earnings per share for Q3 2021 was ¥0.0080, a decrease of 45.21% compared to the same period last year[2] - The company's net profit for the period was ¥7,804,063.67, a 193.50% increase compared to the previous year, attributed to the profitability of its subsidiary[7] - The net profit for Q3 2021 was ¥7,804,063.67, a significant recovery from a net loss of ¥8,346,956.40 in the same period last year, marking a turnaround of approximately 193.5%[20] - The total profit for the period was ¥12,697,158.28, compared to a loss of ¥9,171,061.09 in the previous year, indicating a recovery of around 238.5%[21] - Basic and diluted earnings per share were both ¥0.0492, a recovery from a loss per share of ¥0.0787 in the same quarter last year[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥842,449,376.74, representing a 10.83% increase from the end of the previous year[2] - Total assets as of September 30, 2021, were RMB 842,449,376.74, compared to RMB 760,111,014.23 at the end of 2020, an increase of 10.8%[17] - The company's total liabilities increased significantly, with accounts payable rising by 45.80% to ¥193,897,908.86, mainly due to purchases of intellectual property and customized equipment[6] - Total liabilities rose to RMB 398,837,417.18 from RMB 324,303,118.34, indicating an increase of 23.0%[17] - The total equity attributable to shareholders reached RMB 381,164,264.41, compared to RMB 374,564,886.25 at the end of 2020, an increase of 1.9%[17] Cash Flow - The company's cash flow from operating activities showed a net outflow of ¥42,907,093.48, a decrease of 42.86% year-to-date[2] - The net cash flow from operating activities was negative at -¥42,907,093.48, worsening from -¥30,033,532.51 in Q3 2020[23] - Cash and cash equivalents decreased to RMB 54,383,277.37 from RMB 104,446,752.95 at the end of 2020, representing a decline of 48.0%[15] - Cash and cash equivalents at the end of the period stood at ¥47,649,478.75, compared to ¥33,003,114.64 at the end of Q3 2020, showing an increase of approximately 44.6%[24] - The company reported a total cash inflow from investment activities of ¥532,801,870.34, up from ¥382,484,256.41 in the previous year, indicating a growth of about 39.3%[24] - The cash flow from financing activities yielded a net inflow of ¥10,812,353.98, a recovery from a net outflow of -¥755,102.51 in Q3 2020[24] Research and Development - Research and development expenses for the quarter amounted to ¥22,819,097.61, an increase of 41.39% compared to the previous period[7] - Research and development expenses increased to ¥22,819,097.61 from ¥16,138,985.19, representing a rise of approximately 41.5% year-over-year[20] Inventory and Accounts Receivable - The company reported a significant increase in inventory, which rose by 110.33% to ¥167,980,444.13, primarily due to project completion expected in Q4[6] - Inventory surged to RMB 167,980,444.13, up from RMB 79,864,511.20, marking a significant increase of 110.0%[15] - Accounts receivable increased to RMB 297,365,187.98 from RMB 268,455,527.41, reflecting a growth of 10.8%[15] Market Strategy - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19]