LFX(SH:600612)2024-10-30 08:47Financial Performance - The company's operating revenue for Q3 2024 was ¥12,622,782,772.87, a decrease of 41.89% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was ¥372,048,105.36, down 46.20% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥238,699,442.98, a decline of 65.25% compared to the previous year[2] - The basic earnings per share for Q3 2024 was ¥0.7112, reflecting a decrease of 46.20% year-on-year[3] - Total operating revenue for the first three quarters of 2024 was CNY 52,581,666,118.68, a decrease of 15.1% compared to CNY 62,066,041,294.97 in the same period of 2023[17] - Net profit attributable to shareholders of the parent company for Q3 2024 was CNY 1,775,857,661.63, down 9.6% from CNY 1,964,467,157.75 in Q3 2023[20] - Operating profit for Q3 2024 was CNY 3,043,749,740.38, a decrease of 13.4% compared to CNY 3,515,169,206.20 in Q3 2023[19] - Total comprehensive income for Q3 2024 was CNY 2,286,958,974.86, compared to CNY 2,615,338,353.44 in Q3 2023, reflecting a decrease of 12.5%[20] - Basic earnings per share for Q3 2024 were CNY 3.3948, down from CNY 3.7553 in Q3 2023[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥24,192,204,243.72, a slight decrease of 0.58% from the end of the previous year[3] - Current assets totaled CNY 22,806,669,219.33 as of September 30, 2024, down from CNY 23,046,413,650.11 at the end of 2023, reflecting a decrease of 1.04%[15] - The company's total assets stood at CNY 24,192,204,243.72, slightly down from CNY 24,333,847,842.95[16] - Total liabilities decreased to CNY 9,696,656,335.08 from CNY 10,598,757,357.73, a decline of 8.5%[17] - The company's long-term borrowings decreased by 100.00%, with a reduction of 200,000,000.00 CNY compared to the beginning of the period[9] - Short-term borrowings decreased to CNY 5,062,576,487.69 from CNY 5,623,680,265.82, a reduction of 10%[16] Cash Flow - Cash flow from operating activities for the year-to-date was ¥6,547,144,308.94, down 8.36% compared to the previous year[3] - The net cash flow from operating activities for the first nine months of 2024 was CNY 6,547,144,308.94, down 8.3% from CNY 7,144,077,822.02 in the same period of 2023[22] - The company's cash flow from investing activities decreased by 175.86%, with a reduction of 99,723,823.91 CNY compared to the same period last year[10] - The company's cash flow from financing activities decreased by 79.45%, amounting to a reduction of 1,442,786,113.48 CNY compared to the same period last year[10] - The net cash flow from investing activities was -$156.43 million, compared to -$56.71 million in the previous period, indicating a significant increase in cash outflow for investments[23] - Cash inflow from financing activities totaled $11.76 billion, up from $8.60 billion year-over-year, reflecting increased borrowing[23] - Cash outflow for debt repayment was $13.22 billion, compared to $8.89 billion in the previous period, showing a substantial rise in debt servicing costs[23] - The net cash flow from financing activities was -$3.26 billion, worsening from -$1.82 billion year-over-year, indicating higher financial strain[23] - The ending cash and cash equivalents balance increased to $12.44 billion, up from $10.87 billion in the previous period, demonstrating improved liquidity[23] - The total cash and cash equivalents increased by $3.13 billion during the period, compared to an increase of $5.29 billion in the prior year[23] Other Financial Metrics - Cash and cash equivalents increased by ¥3,121,639,629.77, representing a growth of 33.50%[7] - Accounts receivable increased by ¥2,623,419,057.72, a significant rise of 832.14%[7] - Inventory decreased by ¥5,775,142,003.73, a decline of 46.85%[7] - Other income for the current period increased by 1239.92%, amounting to an increase of 189,144,792.76 CNY, primarily due to increased government subsidies received by a subsidiary[9] - The company's credit impairment losses increased by 834.67%, amounting to an increase of 127,839,785.41 CNY compared to the same period last year[9] - The company's other comprehensive income increased by 31.01%, with an increase of 1,243,550.13 CNY compared to the beginning of the period[9] - The company's asset disposal income increased by 1100.85%, amounting to an increase of 7,359,569.91 CNY, primarily due to increased relocation income from a subsidiary[9] - Research and development expenses for Q3 2024 were CNY 25,989,667.51, slightly down from CNY 26,570,530.78 in Q3 2023[19] - Total operating costs for Q3 2024 were CNY 49,529,761,421.46, a decrease of 15.3% from CNY 58,502,267,341.38 in Q3 2023[19] - The company reported a decrease in sales expenses to CNY 683,297,811.91 in Q3 2024 from CNY 759,624,509.39 in Q3 2023, a reduction of 10.0%[19] - Other comprehensive income after tax for Q3 2024 was CNY 4,622,657.37, compared to a loss of CNY 10,233,397.49 in Q3 2023[20] Accounting and Reporting - The company did not adopt new accounting standards for the current reporting period, maintaining consistency in financial reporting[24]