LYCG(SH:600491)2024-10-28 07:35Financial Performance - The company's operating revenue for Q3 2024 was ¥1,911,913,839.37, a decrease of 21.66% compared to the same period last year[2]. - Total revenue for the first three quarters of 2024 was CNY 6,858,169,965.22, a decrease of 4.83% compared to CNY 7,207,278,065.89 in the same period of 2023[17]. - Total revenue from sales of goods and services received in the first three quarters of 2024 was ¥7,101,695,077.51, down 22.4% from ¥9,159,097,547.83 in 2023[20]. - The net profit for the first three quarters of 2024 was a loss of CNY 301,160,663.47, compared to a loss of CNY 574,799,648.46 in the same period of 2023, indicating an improvement[18]. - The total comprehensive income attributable to the parent company for Q3 2024 was -¥317,453,260.45, compared to -¥574,974,218.92 in Q3 2023[19]. Profitability and Earnings - The net profit attributable to shareholders of the listed company was -¥113,272,645.81 for the quarter, with a year-to-date net profit of -¥316,368,057.51[2]. - Basic earnings per share for the quarter were -¥0.08, while diluted earnings per share were also -¥0.08[4]. - Basic and diluted earnings per share for Q3 2024 were both -¥0.21, an improvement from -¥0.38 in Q3 2023[19]. Cash Flow - The net cash flow from operating activities was -¥146,711,174.69, representing a decline of 136.81% compared to the previous year[2]. - The net cash flow from operating activities for the first three quarters of 2024 was ¥548,054,935.42, a decrease from ¥780,726,259.53 in the same period of 2023[21]. - Cash inflows from operating activities totaled ¥9,256,883,793.42 in the first three quarters of 2024, a decrease of 20% from ¥11,569,839,084.80 in 2023[20]. - Cash outflows from operating activities were ¥8,708,828,858.00 in the first three quarters of 2024, down from ¥10,789,112,825.27 in 2023[20]. - The net cash flow from investing activities for the first three quarters of 2024 was ¥326,515,788.03, compared to ¥268,548,094.79 in the same period of 2023, indicating an increase of 21.6%[21]. - The net cash flow from financing activities for the first three quarters of 2024 was -¥1,327,130,223.94, slightly worse than -¥1,283,906,196.33 in 2023[21]. - The company reported a total cash inflow from financing activities of ¥3,064,221,847.56 in the first three quarters of 2024, a decrease of 48.3% from ¥5,934,024,980.81 in 2023[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥55,525,305,973.27, a decrease of 4.01% from the end of the previous year[4]. - The total assets as of the end of the third quarter of 2024 were CNY 55,525,305,973.27, compared to CNY 57,843,841,794.53 at the end of 2023[16]. - Total liabilities decreased to CNY 43,969,522,245.92 in 2024 from CNY 45,913,363,838.42 in 2023, a reduction of 4.23%[16]. - The company's equity attributable to shareholders was ¥10,461,248,186.18, down 3.18% from the previous year[4]. - The total equity attributable to shareholders of the parent company was CNY 10,461,248,186.18, down from CNY 10,804,583,934.64 in 2023[16]. Investments and Projects - The company's construction projects in progress increased by 71.35%, attributed to investments in specific projects[7]. - The company reported inventory of RMB 31,494,972.78, an increase from RMB 22,847,686.91, representing a growth of about 37.9%[14]. - The company's long-term equity investments increased to RMB 730,788,584.15 from RMB 701,897,781.86, reflecting a growth of approximately 4.1%[14]. - The company's contract assets were reported at RMB 15,965,970,072.66, down from RMB 17,848,631,043.30, a decrease of approximately 10.5%[14]. - Accounts receivable increased to RMB 5,213,195,130.51 from RMB 5,122,840,424.92, showing a growth of about 1.8%[14]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 43,530[8]. - The company has not engaged in any securities lending activities among the top ten shareholders as of the reporting date[11]. - The top ten shareholders did not experience any changes in their securities lending/borrowing activities compared to the previous period[11]. Expenses - The company reported non-recurring losses of -¥38,559,491.35 for the period, influenced by various factors including asset impairment and debt restructuring[6]. - Research and development expenses increased to CNY 87,379,600.77 in 2024 from CNY 70,888,068.11 in 2023, representing a growth of 23.36%[18]. - The company reported a significant increase in tax expenses, which rose to CNY 14,312,502.33 from CNY 9,036,748.82 year-over-year[17]. - The company experienced a credit impairment loss of CNY -107,783,097.96, compared to CNY -360,029,272.12 in the previous year, indicating a reduction in losses[18].