LHG(SH:600186)2018-10-30 16:00Financial Performance - Operating income for the first nine months was CNY 1,297,194,496.92, down 6.20% from the same period last year[6] - Total revenue for the third quarter was CNY 448,161,433.08, a decrease of 9.6% compared to CNY 495,966,792.77 in the same period last year[23] - The company reported a net profit attributable to shareholders of CNY -99,445,911.20 for the third quarter[7] - Net profit for the quarter was a loss of CNY 50,140,878.14, compared to a loss of CNY 52,753,799.64 in the previous year, indicating a slight improvement[24] - Total operating revenue for Q3 2018 was 391,348,548.86 RMB, down 10.9% from 439,118,397.92 RMB in Q3 2017[26] - The company reported a total of 1,162,800,858.85 RMB in operating revenue for the first nine months of 2018, down from 1,255,273,331.80 RMB in the same period of 2017[26] Assets and Liabilities - Total assets at the end of the reporting period were CNY 1,859,694,521.85, a decrease of 1.56% compared to the end of the previous year[6] - Total liabilities increased to ¥2,094,003,181.45 from ¥2,000,012,340.09, indicating a rise in the company's debt levels[19] - The company's total equity decreased to -¥234,308,659.60 from -¥110,780,640.01, showing a deterioration in shareholder equity[19] - Current assets totaled CNY 684,293,778.52, significantly up from CNY 386,282,489.55 at the start of the year, reflecting a growth of 77.3%[21] - Total assets decreased to ¥1,859,694,521.85 from ¥1,889,231,700.08, reflecting a reduction in overall asset value[19] Cash Flow - Net cash flow from operating activities was CNY -18,126,945.83, a decrease of 240.08% compared to the previous year[6] - Cash inflow from operating activities for the first nine months of 2018 was 1,425,926,405.03 CNY, down 14.2% from 1,661,217,641.32 CNY in the previous year[29] - The net cash flow from operating activities was -18,126,945.83 CNY, a significant decline from 12,940,412.76 CNY in the same period last year[29] - Cash outflow from operating activities totaled 1,444,053,350.86 CNY, compared to 1,648,277,228.56 CNY in the previous year, indicating a decrease of 12.4%[29] - The net increase in cash and cash equivalents was -2,266,030.96 CNY, contrasting with an increase of 20,551,536.34 CNY in the same period last year[29] Shareholder Information - The total number of shareholders at the end of the reporting period was 88,352[11] - The largest shareholder, Zhejiang Ruikang Investment Co., Ltd., held 11.7% of the shares, totaling 125,122,472 shares[11] Earnings and Expenses - Basic earnings per share for the third quarter were CNY -0.0936, compared to CNY -0.1028 in the same period last year[7] - The weighted average return on net assets was -638.27%, a decrease of 506.72 percentage points[7] - The company reported a decrease in research and development expenses to CNY 96,846.74, compared to the previous period[24] - Financial expenses decreased by 27.37% to ¥8,885,096.45 from ¥12,232,670.00 as a result of reduced loans and lower interest rates[13] - The company incurred financial expenses of 4,248,839.39 RMB in Q3 2018, a decrease from 6,877,401.63 RMB in Q3 2017, indicating improved cost management[26] Tax and Refunds - Tax refunds received rose by 215.12% to ¥6,251,953.47 from ¥1,983,986.29 due to increased export tax rebates[13] - The company reported a significant decrease in tax payments by 47.51% to ¥11,963,520.12 from ¥22,791,761.44 due to reduced tax liabilities[13]