LH(SH:600099)2015-10-26 16:00Financial Performance - Net profit attributable to shareholders increased by 5.60% to CNY 2,380,151.94 for the period from January to September[6] - Operating revenue rose by 2.45% to CNY 260,225,504.92 for the same period[6] - The basic earnings per share increased by 5.82% to CNY 0.011[6] - Operating profit for the period was CNY 1,270,956.99, representing an increase of 30.8% from CNY 972,018.97 in the same quarter last year[24] - Net profit attributable to the parent company was CNY 927,794.84, up 24.7% from CNY 744,307.98 in Q3 2014[24] - The total profit for the first nine months was ¥47,603.94, down from ¥430,307.98 in the previous year, reflecting a decrease of approximately 88%[27] Assets and Liabilities - Total assets increased by 7.00% to CNY 601,937,005.73 compared to the end of the previous year[6] - Total assets as of September 30, 2015, amounted to CNY 553,993,226.50, an increase from CNY 532,787,808.97 at the beginning of the year[21] - Current assets totaled CNY 381,102,609.67, up from CNY 366,917,617.50 at the start of the year, indicating a growth of 3.2%[21] - Total liabilities increased to CNY 86,314,651.48 from CNY 65,222,293.20, reflecting a rise of 32.3%[21] - Accounts receivable increased by 55.68% to CNY 115,265,836.04 due to changes in payment terms[11] - Construction in progress surged by 288.03% to CNY 16,613,113.51, indicating increased project activity[11] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -31,767,517.37, worsening from CNY -24,944,964.25 in the previous year[6] - Total cash received from operating activities decreased by 56.57% to ¥466,497.68 compared to ¥1,074,173.74 in the same period last year[12] - Cash and cash equivalents decreased to CNY 163,654,597.90 from CNY 193,512,649.19, a decline of 15.4%[21] - Operating cash flow for the period from January to September was -28,647,975.61 RMB, compared to -14,178,450.39 RMB in the same period last year, indicating a decline of approximately 102.5%[34] - Cash inflow from sales of goods and services was 100,855,479.82 RMB, significantly lower than 163,182,169.27 RMB in the previous year, a decline of approximately 38.2%[34] Expenses - Employee compensation payable increased by 330.26% to ¥1,341,866.93 from ¥311,871.96 in the previous year[12] - Tax payable increased by 722.57% to ¥2,136,743.23 from ¥259,763.56 year-on-year[12] - Operating tax and additional fees decreased by 58.26% to ¥963,792.94 from ¥2,309,217.29 due to changes in consumption tax policies[12] - Financial expenses increased by 36.39% to -¥5,679,779.09 from -¥4,164,239.85, attributed to increased interest income[12] - Sales expenses for the third quarter decreased to ¥770,164.01 from ¥1,561,901.36 in the same period last year, a reduction of approximately 50.7%[27] - Management expenses increased to ¥7,730,610.76 from ¥6,176,936.67, representing an increase of about 25.2% year-on-year[27] Other Key Points - The company did not distribute dividends or profits during the reporting period, resulting in a 100% decrease in cash paid for dividends and interest[12] - Non-recurring gains and losses amounted to CNY 32,167.50 for the period from January to September[7] - The company is actively progressing with a major asset restructuring, having signed a framework agreement with the transaction party[13] - The company has not reported any new product developments or market expansions during this period[27] - There were no significant mergers or acquisitions reported in the current financial period[27]