LK(SH:600388)2024-10-18 09:11Financial Performance - The company's operating revenue for Q3 2024 was ¥1,982,145,486.92, a decrease of 23.47% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was ¥216,093,994.17, reflecting a slight increase of 1.13% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥194,300,574.11, down by 2.97% from the previous year[2] - For the first three quarters of 2024, the company achieved operating revenue of CNY 6.654 billion, with a net profit attributable to shareholders of CNY 647 million, representing a year-on-year growth of 0.91%[9] - The net profit after deducting non-recurring gains and losses was CNY 585 million, an increase of 18.23% compared to the same period last year[9] - Total operating revenue for the first three quarters of 2024 was CNY 6,654,268,804.54, a decrease of 11.6% compared to CNY 7,530,984,476.42 in the same period of 2023[13] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was CNY 647,445,508.65, slightly up from CNY 641,594,995.16 in 2023[14] Cash Flow - The net cash flow from operating activities for Q3 2024 was ¥632,729,071.11, an increase of 29.52% year-on-year[4] - The net cash flow from operating activities reached CNY 1.164 billion, showing a significant increase of 101.17% year-on-year, indicating continuous improvement in cash flow[9] - The company reported a net cash flow from operating activities of CNY 1,164,455,166.58, significantly higher than CNY 578,835,806.66 in the previous year[15] - Net cash inflow from the disposal of fixed assets, intangible assets, and other long-term assets was CNY 7,141,778.79, compared to CNY 726,193.62 in the previous period[16] - Net cash inflow from the disposal of subsidiaries and other business units reached CNY 14,611,981.56, up from CNY 12,537,437.02 year-over-year[16] - Net cash flow from investment activities was negative CNY 2,072,580,181.57, contrasting with a positive CNY 368,701,211.96 in the previous period[16] - Net cash flow from financing activities was CNY 928,209,111.93, recovering from a negative CNY 423,937,540.07 in the previous period[16] Assets and Liabilities - Total assets at the end of Q3 2024 reached ¥26,721,752,770.46, representing a growth of 5.63% compared to the end of the previous year[4] - The company's total assets reached CNY 26,721,752,770.46, up from CNY 25,297,488,964.28, indicating a growth of 5.6%[12] - Total liabilities increased to CNY 18,411,333,590.35 from CNY 17,348,530,591.45, reflecting a rise of 6.1%[12] - The company's asset-liability ratio stood at 68.90%, with interest-bearing debt ratio at 23.60%, indicating a relatively low level of interest-bearing debt[9] - Current assets totaled CNY 14.638 billion, down from CNY 15.738 billion at the end of 2023[11] - The company's cash and cash equivalents were CNY 2.649 billion, a decrease from CNY 2.742 billion at the end of 2023[11] - The company reported a total of CNY 5.440 billion in accounts payable, an increase from CNY 5.198 billion at the end of 2023[11] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,883[7] - The company reported a basic earnings per share of ¥0.20 for Q3 2024, with diluted earnings per share at ¥0.18[4] - The diluted earnings per share for the first three quarters of 2024 was CNY 0.55, compared to CNY 0.54 in the same period of 2023[14] Expenses and Costs - The company's total operating costs decreased to CNY 6,069,949,148.50 from CNY 6,908,297,504.59, a reduction of 12.1%[13] - Research and development expenses for the first three quarters of 2024 were CNY 323,280,627.55, down from CNY 347,697,031.71 in 2023[13] Contracts and Projects - The company secured new environmental engineering contracts totaling CNY 7.544 billion, with the power industry accounting for 60.08% and non-power industries 39.92%[9] - As of September 30, 2024, the company had a total of CNY 19.213 billion in hand for environmental engineering contracts and CNY 1.284 billion in contracts for energy storage systems and equipment sales[9] Accounting Standards - The company has adopted new accounting standards starting from 2024, which may affect the financial statements[16]