LH(SH:600099)2014-10-24 16:00Financial Performance - Operating revenue rose by 45.62% to CNY 254,006,647.68 for the first nine months of the year[6] - Net profit attributable to shareholders increased by 194.54% to CNY 2,253,862.60 year-on-year[6] - Basic earnings per share reached CNY 0.0103, a 202.94% increase compared to the same period last year[6] - Net profit for the period was ¥2,253,862.60, representing a 194.54% increase from ¥765,224.92 in 2013, attributed to higher revenue[13] - Operating profit for the first nine months of 2014 was CNY 2,752,365.67, compared to CNY 674,528.51 in the same period last year, indicating a significant growth[24] - Net profit for Q3 2014 reached CNY 744,307.98, representing a 75.8% increase from CNY 423,522.07 in Q3 2013[24] - The company reported a total profit of CNY 1,103,258.97 for Q3 2014, up 145.5% from CNY 449,324.52 in Q3 2013[24] Asset and Liability Changes - Total assets increased by 6.80% to CNY 578,860,720.18 compared to the end of the previous year[6] - Total liabilities as of September 30, 2014, amounted to CNY 74,708,088.97, significantly higher than CNY 38,498,944.23 at the same time last year[23] - Total equity decreased to CNY 466,799,256.69 from CNY 477,342,725.14 year-over-year[23] - The company’s total assets as of September 30, 2014, were CNY 541,507,345.66, compared to CNY 515,841,669.37 at the end of Q3 2013[23] Cash Flow and Investments - Cash flow from operating activities showed a net outflow of ¥24,944,964.25, an improvement of 34.10% compared to a net outflow of ¥37,853,513.44 in 2013[14] - Operating cash inflow for the period reached ¥208,336,777.39, a significant increase of 62.3% compared to ¥128,442,283.59 in the same period last year[29] - The net cash increase for the period was -¥43,595,666.02, slightly worse than the previous year's decrease of -¥43,503,143.49[30] - The company reported a net cash flow from operating activities of -¥14,178,450.39, an improvement from -¥39,741,614.87 year-over-year[31] - Cash outflow for fixed asset purchases was ¥8,095,625.44, which is a 43.3% increase from ¥5,649,630.05 in the same period last year[30] Shareholder Information - The total number of shareholders reached 16,144 by the end of the reporting period[9] - The largest shareholder, China Foma Machinery Group Co., Ltd., holds 42.10% of the shares[9] Operational Costs and Expenses - Operating costs increased to ¥224,077,142.10, up 44.36% from ¥155,219,171.31 in the previous year, reflecting higher sales volume[13] - The company reported a significant increase in sales expenses, which rose to ¥3,894,728.93, a 72.01% increase from ¥2,264,190.22 in the previous year[13] - Cash outflow for purchasing goods and services amounted to ¥187,808,577.01, up from ¥131,944,546.09, indicating increased operational costs[29] Accounts Receivable and Payable - Accounts receivable increased by 93.94% to CNY 107,097,970.52 due to changes in payment terms[12] - Accounts payable increased by 77.65% to CNY 100,394,560.80 due to higher procurement volumes[12] - Accounts receivable increased significantly to ¥107,097,970.52 from ¥55,221,173.00, indicating higher sales on credit[17]