LIBA(SH:603519)2024-10-24 07:33Financial Performance - The company's operating revenue for Q3 2024 was ¥410,037,642.01, representing a year-on-year increase of 1.90%[2]. - The net profit attributable to shareholders for the same period was ¥34,244,936.67, a decrease of 82.06% compared to the previous year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥34,131,710.73, an increase of 9.77% year-on-year[2]. - The basic earnings per share for Q3 2024 was ¥0.13, down 81.82% from ¥0.42 in the same period last year[3]. - Total operating revenue for the first three quarters of 2024 reached ¥1,227,659,051.37, an increase of 15.6% compared to ¥1,062,334,293.82 in the same period of 2023[16]. - Net profit for the first three quarters of 2024 was ¥110,352,748.28, a decrease of 82.1% compared to ¥614,950,039.85 in the same period of 2023[17]. - The total comprehensive income attributable to the parent company for the first three quarters of 2024 is CNY 110,352,748.28, compared to CNY 614,950,039.85 in the same period of 2023, representing a significant decrease[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,484,841,363.08, a decrease of 23.77% compared to the end of the previous year[3]. - Total assets as of the end of the third quarter of 2024 were ¥1,484,841,363.08, down from ¥1,947,866,532.22 at the end of the same quarter in 2023[15]. - Total liabilities as of the end of the third quarter of 2024 were ¥198,620,845.98, a decrease from ¥487,804,845.02 in the previous year[15]. - The total current assets as of September 30, 2024, are ¥1,199,313,874.71, down from ¥1,655,103,082.80 at the end of 2023[13]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥16,771,079.77, a decline of 120.03% year-on-year[2][7]. - Cash flow from operating activities for the first three quarters of 2024 shows a net outflow of CNY 16,771,079.77, compared to a net inflow of CNY 83,718,389.03 in the same period of 2023[19]. - Total cash inflow from operating activities for the first three quarters of 2024 is CNY 1,095,219,436.90, an increase from CNY 1,009,293,270.07 in the same period of 2023[19]. - Cash outflow from operating activities for the first three quarters of 2024 is CNY 1,111,990,516.67, compared to CNY 925,574,881.04 in the same period of 2023, indicating increased operational expenses[19]. - Cash flow from investing activities shows a net outflow of CNY 132,283,511.52 for the first three quarters of 2024, a decrease from a net inflow of CNY 1,096,789,114.66 in the same period of 2023[20]. - Cash flow from financing activities for the first three quarters of 2024 results in a net outflow of CNY 314,945,723.92, compared to a net outflow of CNY 452,757,326.30 in the same period of 2023[20]. - The ending balance of cash and cash equivalents as of the end of the third quarter of 2024 is CNY 360,863,375.83, down from CNY 887,240,322.51 at the end of the same period in 2023[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,411[8]. - The largest shareholder, Lu Fengxian, holds 69,039,049 shares, accounting for 25.92% of total shares[8]. - The largest shareholder, Yancheng Dongfang Investment Development Group Co., Ltd., holds 58,813,319 shares, accounting for 22.08% of total shares[8]. - The company has a repurchase account holding 2,550,096 shares, representing 0.96% of total shares[11]. Operational Insights - The company experienced a significant decline in net profit due to the absence of investment income from non-recurring gains in the previous year[6]. - The increase in cash outflow was primarily due to the maturity of bank acceptance bills used for raw material procurement in the first quarter[7]. - The company plans to focus on market expansion and new product development to drive future growth[17]. - The company will no longer enjoy the 15% corporate income tax rate due to unsuccessful re-certification as a high-tech enterprise, resulting in an estimated impact of ¥9,883,372.41 on net profit for the first nine months of 2024[12]. - The company plans to continue applying for high-tech enterprise qualification for 2025[12]. Inventory and Receivables - Accounts receivable decreased to ¥240,734,041.09 from ¥296,386,613.02 year-over-year[13]. - Inventory increased significantly to ¥141,699,177.26 from ¥79,943,819.14 year-over-year[13]. - The company reported a significant drop in accounts payable, which decreased to ¥64,846,612.47 from ¥62,279,273.13[15]. Research and Development - Research and development expenses for the first three quarters of 2024 amounted to ¥38,067,462.37, an increase from ¥34,343,230.76 in the previous year[17].