Luxin Co.,(SH:600783)2024-10-30 09:54Financial Performance - The company's operating revenue for Q3 2024 was ¥19,340,392.78, a decrease of 46.53% compared to the same period last year[2]. - Investment income for Q3 2024 was ¥26,257,279.71, down 83.80% year-on-year, primarily due to reduced returns from joint ventures and associates[2]. - The net profit attributable to shareholders for Q3 2024 was ¥74,067,653.16, with a significant increase of 955.28% year-to-date, influenced by project valuation gains and disposal income[2][6]. - Total operating revenue for the first three quarters of 2024 was CNY 58,930,875.94, a decrease of 24.2% compared to CNY 77,707,773.19 in the same period of 2023[18]. - Net profit for the first three quarters of 2024 reached CNY 310,284,430.02, significantly up from CNY 30,094,367.01 in the same period last year, marking an increase of 935.5%[19]. - The net profit for the third quarter of 2024 was ¥210,687,755.10, up 89.8% from ¥111,107,436.45 in the third quarter of 2023[30]. Assets and Liabilities - The total assets at the end of Q3 2024 reached ¥9,043,726,111.63, reflecting a 3.76% increase from the end of the previous year[3]. - The company's total assets increased to CNY 9,043,726,111.63 in Q3 2024, compared to CNY 8,715,836,000.12 in Q3 2023, representing a growth of 3.8%[17]. - Total liabilities amounted to CNY 4,128,675,904.16 in Q3 2024, slightly up from CNY 4,060,783,305.89 in Q3 2023, indicating an increase of 1.7%[17]. - The total liabilities decreased to CNY 1,200,000,000.00 from CNY 1,500,000,000.00, representing a reduction of 20.00%[15]. - The total liabilities rose to ¥3,370,738,267.52, an increase from ¥3,140,973,036.65 in the previous year, marking a growth of 7.3%[27]. Shareholder Information - The company has a total of 30,646 common shareholders at the end of the reporting period, with the largest shareholder holding 69.57% of the shares[7]. - The number of shares held by the largest shareholder, Shandong Lixin Investment Holding Group Co., Ltd., is 517,861,877, accounting for 69.41% of total shares[10]. - There are no significant changes in the shareholder structure or any new strategic initiatives announced in this quarter[12]. Cash Flow - The company reported a net cash flow from operating activities of -¥10,784,190.96 year-to-date, indicating a decrease in cash flow[2]. - Cash inflow from operating activities for the first three quarters of 2024 was CNY 82,235,539.66, compared to CNY 65,319,232.34 in the same period of 2023, showing a year-over-year increase[23]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY -10,784,190.96, an improvement from CNY -127,572,167.36 in the same period of 2023[23]. - Cash inflow from financing activities for Q3 2024 was CNY 1,201,848,981.14, while cash outflow was CNY 1,437,942,608.95, resulting in a net cash flow of CNY -236,093,627.81[24]. - The cash inflow from financing activities totaled 1,902,752,072.95 RMB, compared to 857,292,200.56 RMB in the previous year[33]. Investment and Development - The company plans to continue focusing on investment management and capital operations to enhance overall profitability[5]. - The company has not reported any new product launches or technological developments during this quarter[11]. - The company has not engaged in any mergers or acquisitions during the reporting period[12]. - The company reported investment income of CNY 76,499,938.47 in Q3 2024, a significant drop from CNY 286,779,198.13 in Q3 2023, indicating a decline of 73.3%[19]. - The investment income for the third quarter was ¥275,899,903.27, compared to ¥197,866,425.19 in the same quarter of 2023, representing a significant increase of 39.4%[30]. Equity and Earnings - The equity attributable to shareholders increased by 5.65% year-on-year, amounting to ¥4,866,782,393.22[3]. - The company's equity attributable to shareholders rose to CNY 4,866,782,393.22 in Q3 2024, compared to CNY 4,606,528,255.93 in Q3 2023, reflecting an increase of 5.6%[17]. - Basic and diluted earnings per share for Q3 2024 were both CNY 0.42, up from CNY 0.04 in Q3 2023, reflecting improved profitability[21]. - The basic earnings per share for Q3 2024 was ¥0.10, with a year-to-date figure of ¥0.42, representing a 950.00% increase[2][6]. Research and Development - Research and development expenses decreased to CNY 2,030,676.56 in Q3 2024 from CNY 3,316,735.27 in Q3 2023, a reduction of 38.7%[19]. - The company's financial expenses decreased to ¥62,567,578.63 from ¥64,732,455.71, a reduction of 3.4%[28].