LZRJ(688588)2023-10-27 16:00Revenue and Profit - Total revenue for the first three quarters of 2023 reached RMB 491,268,394.07, a 4.46% increase compared to RMB 470,311,811.69 in the same period of 2022[3] - Net profit for the first three quarters of 2023 was RMB 44,200,525.69, a 43.6% decrease from RMB 78,369,751.71 in the same period of 2022[4] - Operating profit for the first three quarters of 2023 was RMB 47,243,811.30, a 44.75% decrease from RMB 85,520,284.35 in the same period of 2022[4] - Revenue for the third quarter was RMB 155,986,527.54, a 6.01% increase compared to the same period last year[12] - Net profit attributable to shareholders of the listed company was RMB -4,305,014.93, a decrease of 120.34% year-on-year[12] - Net profit attributable to shareholders from the beginning of the year to the reporting period decreased by 43.30% due to increased business volume, costs, and exchange losses, alongside smaller revenue growth and reduced forward earnings[17] - Total comprehensive income for the first three quarters of 2023 was RMB 43,311,628.89, a decrease compared to RMB 76,923,995.07 in the same period last year[24] Expenses - R&D expenses increased by 22.29% to RMB 59,975,106.67 in the first three quarters of 2023, compared to RMB 49,042,777.20 in the same period of 2022[3] - Sales expenses increased by 16.87% to RMB 21,916,089.53 in the first three quarters of 2023, compared to RMB 18,752,575.29 in the same period of 2022[3] - Financial expenses rose by 21.38% to RMB 48,300,732.93 in the first three quarters of 2023, compared to RMB 39,791,184.44 in the same period of 2022[3] - R&D investment totaled RMB 17,620,751.91, accounting for 11.30% of revenue, an increase of 1.82 percentage points year-on-year[13] - Cash paid for employee compensation and benefits was RMB 344,929,774.87, an increase from RMB 318,717,381.04 in the same period last year[7] Assets and Liabilities - Total assets as of the end of Q3 2023 were RMB 1,309,224,030.51, a 9.83% decrease from RMB 1,451,995,669.49 at the end of the same period in 2022[3] - Total liabilities and shareholders' equity amounted to RMB 1,309,224,030.51 as of Q3 2023, down from RMB 1,451,995,669.49 in the same period of 2022[3] - Total liabilities increased to 109,389,834.69 from 75,963,378.67, primarily due to increases in employee compensation payable and taxes payable[20] - Total equity increased to 1,342,605,834.80 from 1,233,260,651.84, driven by an increase in undistributed profits[20] - Trade receivables decreased to RMB 94,488,179.32 as of September 30, 2023, compared to RMB 115,137,384.32 at the end of 2022[23] - Trading financial assets decreased significantly to RMB 107,268,459.25 as of September 30, 2023, from RMB 279,321,912.87 at the end of 2022[23] Cash Flow - Net cash flow from operating activities was RMB 73,866,824.20, an increase of 13.54% compared to the same period last year[13] - Net cash flow from investment activities was RMB 122,919,422.42, compared to a net outflow of RMB -25,257,212.41 in the same period last year[7] - Cash received from investment returns was RMB 13,667,933.76, a significant decrease from RMB 39,166,434.98 in the same period last year[7] - Cash received from tax refunds was RMB 579,947.93, a decrease from RMB 1,956,981.05 in the same period last year[7] - Cash received from other operating activities was RMB 7,109,281.08, an increase from RMB 9,122,935.81 in the same period last year[7] - Cash flow from operating activities for the first three quarters of 2023 was RMB 554,019,889.78, up from RMB 496,229,728.54 in the same period last year[25] - Net cash used in financing activities for the first three quarters of 2023 was RMB 157,724,649.56, significantly higher than RMB 85,312,462.04 in the same period last year[26] - The company paid RMB 79,487,360.40 in dividends, profits, and interest payments during the first three quarters of 2023, slightly lower than RMB 80,002,000.60 in the same period last year[26] - The effect of exchange rate changes on cash and cash equivalents was RMB -34,887,742.46 for the first three quarters of 2023, an improvement from RMB -38,778,284.73 in the same period last year[26] - Cash and cash equivalents at the end of September 2023 were RMB 548,607,342.97, an increase from RMB 544,433,488.37 at the beginning of the year[23] - The company's monetary funds increased to RMB 548,607,342.97 as of September 30, 2023, compared to RMB 544,433,488.37 at the end of 2022[23] Earnings Per Share - Basic earnings per share (EPS) decreased by 120.42% due to the decline in net profit[17] - Diluted EPS decreased by 120.42% for the same reasons as basic EPS[17] - Diluted EPS from the beginning of the year to the reporting period decreased by 43.32% due to the decline in net profit[21] - Basic earnings per share for the first three quarters of 2023 were RMB 0.1112, down from RMB 0.1962 in the same period last year[24] Other Comprehensive Income - Other comprehensive income after tax was RMB -888,896.80 in the first three quarters of 2023, an improvement from RMB -1,445,756.64 in the same period of 2022[4] Contract Liabilities - Contract liabilities increased by 61.38% to RMB 6,378,346.05 as of Q3 2023, compared to RMB 3,952,852.62 in the same period of 2022[6] Shareholder Information - The company's top shareholder, Zhang Baoquan, holds 19.86% of the shares[18] - The second-largest shareholder, Wu Yanfang, holds 16.67% of the shares[18] Asset Acquisition - The company is undergoing a significant asset acquisition, with the process still ongoing as of the report date[19]