LSHEC(SH:603169)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,014,064,143.37, representing a decrease of 2.90% compared to the same period last year[6]. - Net profit attributable to shareholders for Q3 2022 was ¥37,560,552.33, an increase of 8.54% year-over-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥27,436,052.75, down 9.47% from the previous year[6]. - The basic earnings per share for Q3 2022 was ¥0.0288, a decrease of 12.46% compared to the same period last year[6]. - Total operating revenue for the first three quarters of 2022 reached ¥3,066,094,848.12, an increase from ¥2,736,244,886.91 in the same period of 2021, representing a growth of approximately 12.1%[26]. - Net profit for the first three quarters of 2022 was ¥151,638,942.35, up from ¥105,744,143.75 in 2021, reflecting a growth of approximately 43.4%[26]. - Total comprehensive income attributable to the parent company reached CNY 144,873,575.51, up from CNY 98,069,003.04 in the same period last year, representing an increase of approximately 47.5%[29]. - The basic and diluted earnings per share increased to CNY 0.1109 from CNY 0.0933, marking a growth of approximately 18.5%[29]. - The total comprehensive income for the first three quarters of 2022 was ¥125,944,257.78, compared to ¥70,416,484.03 in the same period of 2021, marking an increase of 78.9%[44]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥12,212,049,850.10, reflecting a 0.79% increase from the end of the previous year[6]. - The equity attributable to shareholders at the end of Q3 2022 was ¥3,108,418,573.19, up 4.92% from the previous year[6]. - The company's total assets as of September 30, 2022, amounted to ¥12,212,049,850.10, slightly up from ¥12,116,478,786.17 at the end of 2021[22]. - Non-current liabilities totaled ¥1,137,676,026.00 as of September 30, 2022, compared to ¥824,021,645.50 at the end of 2021, showing an increase of approximately 38.0%[22]. - The company's total liabilities as of September 30, 2022, were ¥8,888,497,100.42, a slight decrease from ¥8,930,814,494.32 at the end of 2021[22]. - Total liabilities decreased from ¥7.66 billion to ¥7.53 billion, reflecting a reduction of about 1.7%[41]. - The total equity increased from ¥3.03 billion to ¥3.16 billion, representing a growth of about 4.2%[41]. Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was ¥272,638,639.67, with significant improvements attributed to increased cash collection and new orders[6]. - Operating cash flow generated from activities amounted to CNY 272,638,639.67, a significant recovery from a negative cash flow of CNY -66,095,116.11 in the previous year[32]. - Cash inflow from sales of goods and services was CNY 3,644,890,101.57, compared to CNY 2,387,426,382.53 in the same period last year, indicating a growth of approximately 52.7%[32]. - Cash outflow for purchasing goods and services was CNY 2,696,240,630.91, an increase from CNY 1,993,034,759.46, reflecting a rise of about 35.3%[32]. - The company reported an investment income of ¥3,111,256.94 for the first three quarters of 2022, compared to ¥2,000,000.00 in the same period of 2021[26]. - The company’s investment activities resulted in a net cash outflow of -¥277,371,450.65, compared to a net inflow of ¥5,850,995.10 in the previous year[47]. - The company’s financing activities generated a net cash outflow of -¥561,773,960.10, compared to -¥98,073,075.19 in the same period of 2021[47]. Orders and Market Activity - The company achieved new orders of 5.257 billion RMB, a year-on-year increase of 71.14%[16]. - Orders in traditional energy chemical equipment, industrial intelligent equipment, and energy-saving environmental protection equipment totaled 3.538 billion RMB, up 15.17% year-on-year[16]. - Orders in the photovoltaic polysilicon, nuclear energy, and hydrogen energy sectors reached 1.719 billion RMB, a significant increase of 105.38% year-on-year[16]. - The company is focusing on expanding its market presence in the new energy equipment sector[16]. Operational Changes - The company reported a significant increase of 949,717.54% in construction in progress, mainly due to the new intelligent management model project for heavy pressure equipment[9]. - The company experienced a 32.15% increase in contract liabilities, driven by an increase in orders[9]. - The company’s financing structure has changed, resulting in a 60.41% increase in long-term borrowings[9]. - The company plans to coordinate production resources to ensure the completion of annual production and operational goals despite delays caused by the pandemic[16]. Cash and Inventory Management - The company's cash and cash equivalents as of September 30, 2022, were approximately 1.887 billion RMB, down from 2.670 billion RMB at the end of 2021[18]. - Accounts receivable decreased to approximately 1.209 billion RMB from 1.313 billion RMB year-on-year[18]. - Inventory increased to approximately 3.119 billion RMB, compared to 2.610 billion RMB at the end of 2021[18]. - The total current assets as of September 30, 2022, were approximately 8.419 billion RMB, slightly down from 8.560 billion RMB at the end of 2021[18]. - Cash and cash equivalents at the end of the period amounted to ¥656,373,446.85, up from ¥134,785,460.48 at the end of the same period in 2021[47].