LNCD(SH:600739)2024-10-30 07:41Financial Performance - The company's operating revenue for Q3 2024 was ¥2,888,880,164.85, a decrease of 6.52% compared to the same period last year[2]. - Net profit attributable to shareholders for Q3 2024 reached ¥251,907,128.71, an increase of 148.09% year-on-year[2]. - The basic earnings per share for Q3 2024 was ¥0.1655, reflecting a 148.13% increase compared to the same period last year[2]. - Total operating revenue for the first three quarters of 2024 reached CNY 8,281,804,055.50, an increase of 6.56% compared to CNY 7,770,813,276.53 in the same period of 2023[13]. - Net profit for the first three quarters of 2024 was CNY 683,468,999.48, compared to CNY 560,698,770.48 in 2023, representing a growth of 21.83%[16]. - The total comprehensive income for the third quarter of 2024 was CNY 877,931,323.31, compared to CNY 674,188,726.56 in the same quarter of 2023, showing an increase of 30.25%[16]. - Net profit for the first three quarters of 2024 was ¥1,060,705,972.41, a decrease of 6.0% from ¥1,128,405,587.66 in the first three quarters of 2023[26]. Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥48,506,312,285.28, representing a 3.42% increase from the end of the previous year[3]. - The company's total assets reached approximately CNY 48.51 billion, an increase from CNY 46.90 billion at the end of 2023, representing a growth of about 3%[10]. - The company's total liabilities as of the end of the third quarter of 2024 amounted to CNY 16,361,892,630.41, compared to CNY 15,277,444,416.41 at the end of the same period in 2023, indicating a rise of 7.11%[12]. - The company's total current liabilities decreased to CNY 11.30 billion from CNY 11.65 billion, a reduction of about 3%[11]. - Total liabilities rose to ¥14,630,196,221.57, compared to ¥13,995,413,397.42, marking an increase of 4.5%[24]. - The company's total equity reached ¥27,940,580,324.93, up from ¥26,840,921,736.69, indicating a growth of 4.1%[24]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥232,360,119.51, influenced by the settlement cycle and increased net cash inflow from bulk commodity trading[5]. - In the first three quarters of 2024, the net cash flow from operating activities was ¥232,360,119.51, a significant improvement compared to a net outflow of ¥106,070,381.40 in the same period of 2023[19]. - The net cash flow from financing activities improved to ¥278,003,477.45 in 2024, compared to a net outflow of ¥2,475,471,588.44 in 2023[21]. - Cash flow from operating activities showed a significant increase, with cash received from operating activities amounting to ¥532,423,150.96, compared to ¥111,462,649.61 in the same period last year[26]. - The company reported a total cash outflow from operating activities of ¥1.04 billion, compared to ¥615.17 million in the previous year[28]. Investments and Expenses - Research and development expenses for the first three quarters of 2024 were CNY 207,277,477.75, up from CNY 139,290,606.86 in 2023, reflecting a significant increase of 48.93%[15]. - The company reported investment income of ¥1,361,867,969.86 from joint ventures, down from ¥1,440,450,460.30 in the previous year, a decline of 5.5%[25]. - Financial expenses decreased to ¥234,141,088.55 from ¥250,662,306.13, showing a reduction of 6.6%[25]. - The company received cash from investment income amounting to ¥431,364,557.33 in 2024, down from ¥516,356,782.77 in 2023[21]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 67,597[6]. - The total equity attributable to shareholders was ¥29,544,079,255.53, a 2.60% increase from the end of the previous year[3]. - The total equity attributable to shareholders of the parent company increased to CNY 29,544,079,255.53 from CNY 28,794,321,339.86, marking a growth of 2.61%[12]. Other Financial Metrics - The weighted average return on equity for Q3 2024 was 0.85%, an increase of 0.50 percentage points compared to the previous year[2]. - The company reported non-recurring gains totaling ¥6,370,541.62 for the current period[4]. - The company's cash and cash equivalents amounted to CNY 6.59 billion, up from CNY 5.93 billion at the end of 2023, indicating an increase of approximately 11%[10]. - The company's total non-current liabilities reached CNY 5,066,715,136.69, up from CNY 3,627,973,119.58 in the previous year, indicating a rise of 39.61%[12]. - The company has adopted new accounting standards starting from 2024, which may affect the financial statements[29].