LGWH(601599)2024-10-28 09:28Financial Performance - The company's operating revenue for Q3 2024 was ¥910,089,097.12, representing a year-on-year increase of 6.68%[2] - The net profit attributable to shareholders for Q3 2024 was ¥15,741,007.26, a decrease of 37.12% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date was ¥114,645,308.10, showing an increase of 61.83% year-on-year[2] - The net profit for the third quarter of 2024 was CNY 137,419,494.50, an increase of 15.5% compared to CNY 118,980,290.19 in the same period last year[14] - The total profit for the quarter reached CNY 187,494,030.86, up from CNY 159,415,862.86, reflecting a growth of 17.6% year-over-year[14] - The basic and diluted earnings per share were both CNY 0.12, compared to CNY 0.10 in the previous year, indicating a 20% increase[15] - The company reported a total comprehensive income of CNY 136,418,564.09 for the quarter, compared to CNY 119,017,971.20 in the same period last year, marking an increase of 14.5%[15] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,669,652,931.10, reflecting a year-on-year increase of 17.05%[3] - The total assets of the company amounted to RMB 3,669,652,931.10, up from RMB 3,135,134,615.58, representing an increase of 17%[12] - The total equity attributable to shareholders at the end of the reporting period was ¥1,530,210,965.52, an increase of 9.72% year-on-year[3] - Total liabilities increased to RMB 2,117,751,064.73 from RMB 1,718,181,313.30, reflecting a rise of 23.3%[12] Cash Flow - The company reported a net cash flow from operating activities of -¥437,514.53 for the year-to-date, indicating a significant improvement in cash flow management[2] - Cash flow from operating activities generated a net outflow of CNY 437,514.53, a significant improvement from a net outflow of CNY 214,776,366.37 in the same period last year[16] - The company experienced a decrease in other operating cash payments, totaling CNY 75,057,423.24, down from CNY 315,764,965.62 in the previous year[16] - Cash flow from financing activities resulted in a net inflow of CNY 134,030,005.03, compared to CNY 54,035,094.03 in the previous year, showing a substantial increase[17] Revenue and Costs - Total operating revenue for the first three quarters of 2024 reached RMB 2,575,919,740.56, an increase of 9.1% compared to RMB 2,360,823,930.82 in the same period of 2023[13] - Total operating costs for the first three quarters of 2024 were RMB 2,385,617,331.51, up from RMB 2,238,042,574.58 in 2023, reflecting a year-on-year increase of 6.6%[13] Shareholder Information - The company has 38,605 common shareholders, with the largest shareholder holding 23.08% of the shares[7] Inventory and Receivables - Accounts receivable increased significantly to RMB 823,911,585.19 from RMB 357,920,204.64, marking a rise of 130%[10] - Inventory as of September 30, 2024, was RMB 804,237,171.16, compared to RMB 785,331,456.37 at the end of 2023, indicating a growth of 2.4%[10] Government Subsidies and R&D - The company recognized government subsidies amounting to ¥27,507,297.57 for the year-to-date, which positively impacted its financial performance[4] - Research and development expenses for the first three quarters of 2024 were RMB 27,630,097.99, compared to RMB 25,680,698.15 in 2023, showing an increase of 7.6%[13] Non-Recurring Gains and Losses - The textile segment's revenue and gross profit increased compared to the same period last year, contributing to the overall performance despite a decrease in non-recurring gains[6] Non-Current Assets - The company's non-current assets totaled RMB 630,452,562.15, an increase from RMB 537,678,107.99, reflecting a growth of 17.3%[11] Mergers and Acquisitions - The company did not execute any mergers or acquisitions during the reporting period, maintaining its focus on organic growth and operational efficiency[18]