LZJT(300428)2024-10-24 08:54Financial Performance - The company's revenue for Q3 2024 was ¥6,853,797,328.53, representing a year-over-year increase of 9.83%[2] - Net profit attributable to shareholders for Q3 2024 was ¥111,058,948.35, a decrease of 32.85% compared to the same period last year[2] - The net profit excluding non-recurring gains and losses was ¥83,424,522.24, down 46.08% year-over-year[2] - The company's basic earnings per share decreased by 37.04% to ¥0.78 for the current period[2] - Total operating revenue for the period reached CNY 19,369,141,598.82, an increase of 13.0% compared to CNY 17,127,356,942.51 in the previous period[16] - Net profit attributable to shareholders of the parent company was CNY 493,344,866.07, up 19.1% from CNY 414,253,958.73 in the same period last year[17] - Operating profit for the period was CNY 591,168,306.21, an increase of 21.4% compared to CNY 486,887,182.57 in the previous period[17] - The company reported a total profit of CNY 590,657,193.88, up from CNY 486,920,315.27, reflecting a growth of 21.4%[17] - Earnings per share (basic) increased to CNY 0.78, compared to CNY 0.67 in the previous period, marking a growth of 16.4%[17] Assets and Liabilities - Total assets at the end of Q3 2024 reached ¥20,834,018,975.70, an increase of 11.29% from the end of the previous year[2] - The company's equity attributable to shareholders was ¥7,111,836,603.75, reflecting a growth of 6.81% compared to the previous year[2] - Total liabilities reached CNY 13.50 billion, compared to CNY 11.85 billion, an increase of about 14.0%[15] - Non-current assets totaled CNY 5.98 billion, slightly up from CNY 5.85 billion, reflecting a growth of approximately 2.4%[15] - Current assets rose to CNY 14.85 billion, compared to CNY 12.87 billion at the beginning of the period, an increase of about 15.3%[15] - Total cash inflow from investment activities was CNY 773,774,956.08, down from CNY 1,231,874,976.08 in the previous year[18] Cash Flow - The net cash flow from operating activities was negative at -¥806,371,819.97, a decline of 284.68% year-over-year[2] - Net cash flow from operating activities decreased by 284.68% to a loss of CNY 806,371,819.98, mainly due to increased inventory and accounts receivable balances[6] - Net cash flow from investing activities was CNY 1,082,071,437.87, a decrease of 30.93%, as investment payments exceeded receipts[6] - Net cash flow from financing activities increased by 44.28% to CNY 1,350,204,417.32, primarily due to an increase in net bank borrowings[6] - Cash inflow from financing activities totaled CNY 9,420,089,417.15, up from CNY 8,803,369,486.97 in the previous year, representing a growth of 7.0%[19] - Cash outflow from investing activities was CNY 1,855,846,393.95, a decrease from CNY 2,058,302,766.46 in the previous year[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 23,617[7] - The largest shareholder, Tianjin Dong'an Brothers, holds 36.03% of the shares, totaling 227,971,910 shares[7] - Minority shareholders' profit increased by 124.75% to CNY 10,968,658.11, attributed to increased profits from subsidiaries with minority interests[6] - The company has a total of 30,857,600 shares held by individual shareholder Zang Na, indicating significant individual investment[9] Research and Development - The company’s R&D expenses increased by 60.58%, reaching ¥1,277,927.01, indicating a focus on innovation[5] - Research and development expenses increased to CNY 684,191,399.17, representing a rise of 24.6% from CNY 548,940,309.94 in the previous period[16] Governance and Compliance - The company has revised and established several governance systems to improve operational standards and governance structure[11] - The company has established a new system for managing major errors in annual report disclosures to enhance transparency[11] - The company has implemented a "Quality Return Dual Improvement" action plan aimed at enhancing investor confidence and promoting high-quality development[12] Financial Adjustments - Financial expenses increased by 63.70% to CNY 265,484,309.80 due to exchange losses in the current period compared to exchange gains in the same period last year[6] - Investment income decreased by 420.58% to a loss of CNY 14,595,592.84, primarily due to increased foreign exchange forward gains but reduced financial and futures income[6] - Credit impairment losses increased by 386.81% to CNY 157,284,658.99, due to changes in the estimated provision for bad debts[6] Convertible Bonds - The company paid the first-year interest on its convertible bonds at a rate of 0.30%, amounting to RMB 3.00 per 10 bonds[13] - As of the third quarter of 2024, the company reduced its convertible bonds by 185 bonds, resulting in a conversion of 968 shares[13] - The company has not made any downward adjustments to the conversion price of its convertible bonds as of August 30, 2024[13] - The company disclosed that the net asset value per share for the year 2023 was RMB 10.64[13]