LFBC(002513)2024-10-30 08:53Revenue and Profitability - Revenue for Q3 2024 reached ¥577,586,497.59, an increase of 144.23% compared to the same period last year[2] - Net profit attributable to shareholders was -¥45,661,328.88, a decrease of 3.04% year-on-year[2] - Net profit excluding non-recurring items was -¥43,285,895.88, down 11.70% from the previous year[2] - Total operating revenue for the third quarter reached ¥1,426,638,363.10, a significant increase from ¥763,015,745.63 in the same period last year, representing an increase of approximately 87%[14] - The net profit for Q3 2024 was -244,873,820.76 CNY, compared to -135,981,588.86 CNY in Q3 2023, representing an increase in net loss of approximately 80%[15] - Operating profit for Q3 2024 was -271,157,962.73 CNY, a decline from -131,629,535.52 CNY in the same period last year[15] - The total comprehensive income for Q3 2024 was -244,753,713.62 CNY, compared to -135,703,555.63 CNY in Q3 2023[16] Cash Flow and Operating Activities - Cash flow from operating activities for the year-to-date was ¥45,191,612.40, an increase of 139.39% compared to the same period last year[2] - The company reported a significant increase in cash received from sales, totaling ¥872,753,913.27, up 112.98% year-on-year[5] - Cash received from loans amounted to ¥406,066,034.64, marking a 396.41% increase due to new subsidiary borrowings[6] - Cash flow from operating activities showed a net inflow of 45,191,612.40 CNY, a recovery from a net outflow of -114,734,899.63 CNY in the previous year[17] Expenses and Costs - The company experienced a 93.88% rise in operating costs, primarily due to the new photovoltaic business[5] - Cash paid for purchasing goods and services reached ¥892,677,944.36, reflecting a 131.25% increase due to higher material procurement and production activities[6] - Cash paid to employees increased to ¥155,858,710.42, up 48.12% primarily due to performance bonuses and employee retirement payments[6] - The company reported a substantial rise in tax payments, totaling ¥26,949,866.78, which is an increase of 283.34% attributed to higher corporate income tax payments[6] - Total operating costs for the third quarter were ¥1,643,457,446.30, up from ¥887,530,111.18, indicating a rise of about 85%[14] - Research and development expenses surged by 817.79% to ¥59,544,277.01, reflecting increased investment in innovation[5] - Research and development expenses increased to ¥59,544,277.01 from ¥6,487,821.43, reflecting a growth of approximately 818%[14] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,426,956,374.23, a slight increase of 0.80% from the end of the previous year[2] - The company's total assets as of September 30, 2024, amounted to ¥3,426,956,374.23, compared to ¥3,399,589,930.03 at the beginning of the period, showing a slight increase[12] - The total liabilities increased to ¥3,417,399,311.40 from ¥3,148,934,596.85, marking an increase of about 8.5%[13] - The company's equity attributable to shareholders decreased to -¥156,680,059.02 from ¥25,221,286.52, reflecting a decline in shareholder equity[13] Other Financial Metrics - The weighted average return on equity was -34.14%, a decline of 16.01% compared to the previous year[2] - The company reported a basic and diluted earnings per share of -0.5091 for Q3 2024, compared to -0.3638 in Q3 2023[16] - The company incurred credit impairment losses of -30,567,285.49 CNY in Q3 2024, compared to -4,749,971.81 CNY in Q3 2023[15] Investment and Financing Activities - Investment activities resulted in a net cash outflow of -203,919,746.44 CNY in Q3 2024, compared to -55,002,358.65 CNY in Q3 2023[18] - Financing activities generated a net cash inflow of 145,667,053.80 CNY in Q3 2024, compared to 170,545,195.13 CNY in Q3 2023[18] Corporate Actions - The company completed the grant registration of its 2024 restricted stock incentive plan, awarding 22,356,000 shares, which is approximately 6.33% of the total share capital before the grant[10] - The company terminated the acquisition agreement for Jiangxi Deshipu New Materials Co., Ltd., reaching a settlement with the involved parties[9]