LZCIC(600423)2024-10-28 09:41Financial Performance - The company's operating revenue for Q3 2024 was ¥52,044,549.57, representing a year-on-year increase of 41.73%[2] - Net profit attributable to shareholders for Q3 2024 reached ¥15,399,919.85, up 72.56% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,250,119.85, reflecting a 70.89% increase year-on-year[2] - The company's operating revenue for the first three quarters of 2024 reached ¥129,523,184.78, a significant increase of 39.3% compared to ¥92,985,833.38 in the same period of 2023[13] - The net profit for the first three quarters of 2024 was ¥31,053,114.12, up 178.5% from ¥11,156,439.83 in the first three quarters of 2023[14] - The total comprehensive income for the first three quarters of 2024 was ¥31,053,114.12, significantly higher than ¥11,156,439.83 in the previous year[14] - The operating profit for the first three quarters of 2024 was ¥31,089,066.78, compared to ¥11,156,439.83 in the same period of 2023, showing strong operational performance[13] Assets and Liabilities - The total assets at the end of the reporting period were ¥582,702,356.50, an increase of 6.35% from the end of the previous year[4] - As of September 30, 2024, current assets totaled RMB 484,104,226.19, an increase from RMB 455,647,298.98 at the end of 2023, representing a growth of approximately 6.5%[10] - Total liabilities decreased to RMB 30,250,632.94 from RMB 39,252,157.06, reflecting a reduction of approximately 23.0%[12] - The company’s total assets increased to RMB 582,702,356.50 from RMB 547,905,706.46, reflecting a growth of about 6.3%[12] Shareholder Equity - The equity attributable to shareholders at the end of the reporting period was ¥552,451,723.56, up 8.61% from the previous year[4] - Owner's equity increased to RMB 552,451,723.56 from RMB 508,653,549.40, showing a growth of about 8.6%[12] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥45,654,478.14, showing a significant increase of 131.33% compared to the previous year[2] - Cash flow from operating activities generated a net amount of ¥45,654,478.14, compared to ¥19,735,845.21 in the same period last year, reflecting improved operational efficiency[15] - The company experienced a significant increase in cash inflow from operating activities, totaling ¥126,088,929.59, compared to ¥78,764,955.96 in the previous year[15] - The cash and cash equivalents at the end of the period increased to ¥423,269,774.63 from ¥392,787,219.30 at the end of the same period last year[16] Earnings Per Share - Basic earnings per share for Q3 2024 were ¥0.019, a 72.73% increase year-on-year[2] - The company reported a basic earnings per share of ¥0.039 for the first three quarters of 2024, compared to ¥0.014 in the same period of 2023[14] Operational Efficiency - The weighted average return on equity increased by 0.82 percentage points to 2.83% for Q3 2024[2] - The company attributed the increase in revenue and profit to the successful implementation of production upgrades and cost reductions in its hydrogen peroxide production facilities[6] Non-Recurring Gains - The company reported non-recurring gains of ¥149,800.00 for the current period, primarily from government subsidies[5] Research and Development - Research and development expenses amounted to ¥1,754,977.14, indicating a focus on innovation and product development[13] Accounts Receivable and Inventory - Accounts receivable increased significantly to RMB 10,095,878.16 from RMB 2,489,466.18, marking a growth of approximately 304.1%[11] - Inventory rose to RMB 6,495,135.36, up from RMB 2,631,306.08, indicating an increase of about 146.5%[11] Fixed Assets and Construction - The company’s fixed assets decreased to RMB 81,517,171.49 from RMB 87,342,568.12, a decline of about 6.5%[11] - The company’s long-term construction in progress rose to RMB 11,885,721.92 from RMB 1,269,426.01, indicating a significant increase of approximately 834.5%[11] Financial Expenses - The company incurred a financial expense of -¥10,449,810.13, with interest income of ¥10,528,791.56, indicating a positive net interest income[13]