LH(SH:600099)2024-10-25 07:35Financial Performance - The company's operating revenue for Q3 2024 reached ¥328,349,503.20, representing a year-on-year increase of 102.96%[2] - Net profit attributable to shareholders for Q3 2024 was ¥3,668,983.07, an increase of 88.52% compared to the same period last year[2] - The basic earnings per share for Q3 2024 was ¥0.017, up by 88.89% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached CNY 761,884,459.07, a significant increase of 44.3% compared to CNY 527,784,110.12 in the same period of 2023[17] - Operating profit for the first three quarters of 2024 was CNY 13,706,923.10, up from CNY 9,231,306.06 in 2023, reflecting a growth of 48.5%[18] - Net profit for the first three quarters of 2024 was CNY 12,230,415.98, compared to CNY 11,624,198.45 in 2023, indicating a year-on-year increase of 5.2%[18] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥1,037,508,225.91, reflecting a growth of 22.43% from the end of the previous year[3] - Total assets increased to CNY 1,037,508,225.91 in Q3 2024, up from CNY 847,406,671.71 in Q3 2023, representing a growth of 22.5%[16] - Total liabilities rose to CNY 520,093,029.28 in Q3 2024, compared to CNY 337,689,701.34 in Q3 2023, marking a 54.0% increase[16] - The company’s total equity attributable to shareholders increased by 1.51% to ¥517,415,196.63 compared to the end of the previous year[3] Cash Flow - The company's cash flow from operating activities for the year-to-date period was ¥92,569,018.20, showing a growth of 5.56% compared to the previous year[2] - In the first three quarters of 2024, the cash inflow from operating activities reached ¥811,371,641.21, a significant increase of 54.5% compared to ¥525,541,843.65 in the same period of 2023[19] - The net cash flow from operating activities for the first three quarters of 2024 was ¥92,569,018.20, slightly up from ¥87,693,204.04 in 2023, reflecting a growth of 4.0%[19] - The cash inflow from investment activities totaled ¥422,175,308.50, compared to ¥120,301,560.00 in the previous year, indicating a substantial increase of 251.5%[20] - The net cash flow from investment activities was -¥158,985,184.90, worsening from -¥18,281,066.38 in 2023[20] - The cash outflow from financing activities was ¥5,373,585.72, down from ¥7,400,470.07 in the same period last year, showing a decrease of 27.3%[21] Receivables and Expenses - The company reported a significant increase in accounts receivable by 63.41% due to increased receivables from government tender projects[5] - Accounts receivable increased to CNY 225.57 million from CNY 138.03 million, indicating a significant rise in outstanding receivables[13] - Research and development expenses for the first three quarters of 2024 amounted to CNY 33,791,987.02, an increase from CNY 28,309,321.92 in 2023, reflecting a growth of 19.5%[17] - The company reported a gross operating cost of CNY 741,677,267.57 for the first three quarters of 2024, compared to CNY 512,939,305.77 in 2023, which is an increase of 44.6%[17] Cash Management - The company's cash and cash equivalents decreased to CNY 178.49 million from CNY 240.83 million as of December 31, 2023[13] - The ending balance of cash and cash equivalents was ¥167,629,604.48, a decrease from ¥174,960,358.12 at the end of the previous year[21] - The company received tax refunds amounting to ¥40,203,837.91, up from ¥26,712,629.52 in the same period last year, representing a growth of 50.5%[19] - The total cash outflow for operating activities was ¥718,802,623.01, compared to ¥437,848,639.61 in 2023, reflecting an increase of 64.1%[19] - The cash paid to employees increased to ¥59,754,062.47 from ¥51,420,713.99, marking a rise of 16.2%[19] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[17]