LHM(002535)2023-10-29 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 436,585,728, representing a 53.15% increase compared to CNY 285,073,300 in the same period last year[4]. - Net profit attributable to shareholders for Q3 2023 reached CNY 27,384,320, a significant increase of 218.96% from CNY 7,790,734 in the previous year[4]. - The net profit after deducting non-recurring gains and losses was CNY 28,782,880, marking a 374.94% increase compared to CNY 5,265,419 in the same period last year[4]. - The basic earnings per share for Q3 2023 was CNY 0.0342, up 219.63% from CNY 0.0097 in the same period last year[4]. - The company's operating revenue for the first nine months of 2023 reached ¥1,172,523,043.09, an increase of ¥460,510,063.73 or 64.68% compared to the same period in 2022, driven by increased order volume and production of high-end products[10]. - Total operating revenue for the third quarter reached CNY 1,172,523,043.09, a significant increase from CNY 712,012,979.36 in the same period last year, representing a growth of approximately 65%[20]. - Net profit for the quarter was CNY 90,521,377.98, compared to CNY 1,882,639.75 in the previous year, showing a substantial increase[22]. - The total comprehensive income for the third quarter amounted to ¥90,521,377.98, with ¥90,014,679.15 attributable to the parent company[23]. - Basic and diluted earnings per share for the period were both ¥0.1123, an increase from ¥0.0018 in the previous period[23]. Assets and Liabilities - The total assets as of September 30, 2023, were CNY 4,197,978,432.72, a decrease of 4.36% from CNY 4,014,820,506.05 at the end of 2022[4]. - Total assets decreased to CNY 4,014,820,506.05 from CNY 4,197,978,432.72, a decline of about 4.4%[19]. - Total liabilities decreased to CNY 3,513,968,236.86 from CNY 3,787,647,541.51, representing a reduction of approximately 7.2%[19]. - The company's total equity increased to CNY 500,852,269.19 from CNY 410,330,891.21, reflecting a growth of about 22%[19]. Cash Flow - Cash received from sales of goods and services for the third quarter was ¥968,078,284.56, reflecting an increase of 58.66% compared to the previous year, driven by higher order volumes and increased cash collection[12]. - The company’s cash payments for purchasing goods and services rose to ¥487,627,875.03, an increase of 52.13%, also due to higher order volumes[12]. - Cash inflow from operating activities reached ¥1,352,416,272.27, compared to ¥1,114,889,425.94 in the previous year, reflecting a growth of approximately 21.3%[24]. - The net cash flow from operating activities was ¥88,876,284.93, up from ¥69,526,422.71, indicating a year-over-year increase of about 27.8%[25]. - Cash inflow from financing activities totaled ¥1,445,645,378.39, compared to ¥1,285,135,117.90 in the previous year, marking an increase of approximately 12.5%[25]. - The net cash flow from financing activities was -¥164,144,279.44, worsening from -¥132,475,114.26 in the previous year[25]. - The ending balance of cash and cash equivalents was ¥2,102,577.39, down from ¥4,688,684.71 in the previous year[25]. Expenses - Operating costs rose to ¥872,166,354.75, reflecting an increase of ¥321,061,992.02 or 58.26%, corresponding to the rise in revenue due to higher order volumes[10]. - The company reported a significant decrease in income tax expenses, amounting to ¥1,205,114.98, down by ¥13,968,388.63 or 92.06%, attributed to the implementation of new accounting policies[10]. - The company reported a financial expense of CNY 87,387,825.99, up from CNY 73,564,998.44, indicating an increase of approximately 18.8%[22]. - Research and development expenses increased significantly by ¥16,745,300.77 or 76.83%, as the company intensified its investment in high-end product development[10]. - Research and development expenses increased to CNY 38,541,067.03 from CNY 21,795,766.26, reflecting a growth of approximately 77%[20]. Other Financial Metrics - Cash outflow from investing activities resulted in a net cash flow of -¥7,114,712.93, an improvement from -¥24,104,857.11 in the previous year[25]. - The company reported a total tax expense of ¥10,457,388.80 for the year, adjusted from ¥1,188,460.64[29]. - Deferred tax liabilities increased by ¥9,268,928.16, resulting in a total of ¥9,268,928.16[28]. - The company has seen a 238.06% increase in other non-current assets, amounting to CNY 15,338,817.61, due to increased prepayments for equipment purchases[9]. - Long-term borrowings rose by 67.28% to CNY 521,546,809.00, as some bank financing terms were extended from short-term to long-term[9].