LSHEC(603169)2024-10-29 11:54Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,246,806,421.83, representing a year-on-year increase of 38.44%[2] - The net profit attributable to shareholders for the same period was ¥26,587,415.34, an increase of 20.41% compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥22,435,604.49, showing a significant increase of 74.15% year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached CNY 3,739,247,375.88, an increase of 20.1% compared to CNY 3,110,329,248.03 in the same period of 2023[14] - Net profit for the first three quarters of 2024 was CNY 97,820,121.70, a decrease of 26.5% from CNY 133,123,452.53 in the same period of 2023[14] - The total profit for the first three quarters of 2024 was CNY 98,897,192.25, down 24.5% from CNY 131,137,302.99 in the same period of 2023[14] Cash Flow - The net cash flow from operating activities decreased by 81.44% in Q3 2024, amounting to ¥54,942,529.50[2] - The total cash inflow from operating activities for the first three quarters of 2024 was approximately CNY 4.07 billion, a slight increase from CNY 4.00 billion in the same period of 2023, reflecting a growth of about 1.3%[17] - The net cash flow from operating activities decreased to CNY 142.39 million in 2024 from CNY 403.61 million in 2023, indicating a decline of approximately 64.8%[17] - The cash flow from operating activities was impacted by a decrease in cash received from sales, which totaled CNY 2,810,509,158.11 compared to CNY 3,229,994,136.68 in 2023, reflecting a decline of 13.0%[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥13,034,632,249.69, reflecting a 3.97% increase from the end of the previous year[2] - Total liabilities amounted to CNY 9,575,576,327.06, compared to CNY 9,178,749,003.31, marking an increase of around 4.32%[12] - The total assets as of September 30, 2024, were CNY 11.14 billion, a slight decrease from CNY 11.17 billion at the end of 2023, indicating a decline of approximately 0.25%[19] - Total liabilities decreased to CNY 7,980,285,086.07, down from CNY 8,045,453,650.82 in the previous year[20] Shareholder Information - The total number of common shareholders at the end of the reporting period is 65,676[7] - The largest shareholder, Lanzhou Lanshi Group Co., Ltd., holds 538,053,898 shares, accounting for 41.19% of the total shares[7] - The second-largest shareholder, Hunan Hualing Xiangtan Steel Co., Ltd., holds 78,377,508 shares, representing 6.00% of the total shares[7] - The total number of shares held by the top ten shareholders is significant, with the top three alone holding over 50% of the shares[7] Research and Development - The company reported a significant increase in development expenditures by 87.03% year-to-date, attributed to new product and technology development investments[5] - Research and development expenses rose to CNY 118,433,508.04, compared to CNY 103,994,633.02 in the previous year, reflecting a growth of 13.8%[14] - Research and development expenses decreased to CNY 40,798,897.61, down 41.06% from CNY 69,361,272.13 in the previous year[21] Other Financial Metrics - The company's basic earnings per share for Q3 2024 were ¥0.0204, a 20.71% increase year-on-year[2] - The weighted average return on equity was 0.83%, an increase of 0.15 percentage points compared to the previous year[2] - The company recognized non-recurring gains of ¥4,151,810.85 for the current period, primarily from government subsidies and asset disposals[4] - The company reported an investment income of CNY 4,620,000.00, up from CNY 3,662,800.00 in the previous year[14]