LMZ(SH:600249)2016-10-25 16:00Financial Performance - Operating revenue increased by 12.55% to CNY 1,137,614,110.08 for the period from January to September compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 92,196,958.66, an improvement from a loss of CNY 101,040,331.98 in the same period last year[6]. - Basic and diluted earnings per share were both -CNY 0.1676, showing a slight improvement from -CNY 0.1875 in the previous year[7]. - Total operating revenue for Q3 was ¥320,452,892.42, a decrease of 11.43% compared to ¥361,742,404.56 in the same period last year[27]. - Total operating costs amounted to ¥369,321,370.19, down 9.71% from ¥409,114,913.43 year-on-year[27]. - Operating profit for the quarter was -¥42,951,464.05, compared to -¥25,578,341.21 in Q3 of the previous year[28]. - Net profit attributable to the parent company was -¥14,078,306.19, a decline from -¥11,487,711.04 in the same quarter last year[28]. - The company reported a total comprehensive loss of -¥34,532,591.96 for the quarter, compared to -¥300,849,442.42 in Q3 of the previous year[29]. - Basic earnings per share for the quarter were -¥0.0276, compared to -¥0.0196 in the same period last year[29]. Cash Flow - Cash flow from operating activities was CNY 12,536,111.59, a significant recovery from a negative cash flow of CNY 237,548,424.83 in the same period last year[6]. - The net cash flow from operating activities for the first nine months of 2016 was CNY 12,536,111.59, a significant improvement from a net outflow of CNY 237,548,424.83 in the previous year[34]. - Cash inflow from investment activities totaled CNY 230,986,876.36, significantly higher than CNY 39,478,489.36 in the previous year[37]. - Net cash flow from investment activities was -CNY 84,297,949.76, worsening from -CNY 29,742,287.99 year-over-year[37]. - Cash inflow from financing activities was CNY 209,893,900.00, down from CNY 680,500,000.00 in the previous year[37]. - Net cash flow from financing activities was CNY 93,525,008.73, a decrease from CNY 171,576,869.57 year-over-year[37]. - The ending cash and cash equivalents balance was CNY 112,398,633.69, down from CNY 198,481,079.95 in the previous year[37]. - Total cash outflow from operating activities was CNY 260,910,732.10, compared to CNY 513,183,169.24 in the same period last year[37]. - Total cash outflow from investment activities was CNY 315,284,826.12, significantly higher than CNY 69,220,777.35 in the previous year[37]. - Total cash outflow from financing activities was CNY 116,368,891.27, compared to CNY 508,923,130.43 in the previous year[37]. Assets and Liabilities - Total assets decreased by 9.89% to CNY 3,575,713,949.75 compared to the end of the previous year[6]. - Current assets decreased from CNY 1,399,468,212.00 to CNY 1,134,447,556.45, representing a decrease of about 19%[20]. - Non-current assets decreased from CNY 2,568,760,659.08 to CNY 2,441,266,393.30, a reduction of approximately 5%[20]. - Total liabilities decreased from CNY 1,769,544,198.53 to CNY 1,568,086,661.50, a decline of about 11.3%[21]. - Current liabilities decreased from CNY 1,486,671,435.08 to CNY 1,313,924,297.70, representing a decrease of approximately 11.6%[21]. - Owner's equity decreased from CNY 2,198,684,672.55 to CNY 2,007,627,288.25, a decline of about 8.7%[21]. - The company's cash and cash equivalents decreased by 40.96%, from RMB 414,782,557.69 to RMB 244,897,901.67, primarily due to significant cash outflows from investment activities[13]. - The company's total liabilities decreased by 83.71% in accounts payable, from RMB 30,700,000.00 to RMB 5,000,000.00, reflecting reduced bill settlements[14]. - The company's prepayments decreased by 73.90%, from RMB 219,039,063.92 to RMB 57,164,053.62, due to revenue recognition by subsidiaries[14]. Shareholder Information - The total number of shareholders was 50,884 at the end of the reporting period[11]. - The largest shareholder, Liuzhou Industrial Investment Co., Ltd., holds 33.34% of the shares, with 100 million shares pledged[11]. Other Financial Metrics - The company recognized non-operating income of CNY 13,028,604.97 from the disposal of non-current assets during the reporting period[8]. - The company's investment income dropped by 54.67%, from RMB 31,171,763.75 to RMB 14,131,060.10, due to substantial gains from stock sales in the previous year[15]. - The company's retained earnings decreased by 56.85%, from RMB 162,187,780.16 to RMB 69,990,821.50, primarily due to operating losses[14]. - The company's other current assets increased by 61.75%, from RMB 142,863,534.70 to RMB 231,078,071.53, attributed to an increase in bank wealth management products[14]. - The company's cash and cash equivalents decreased to ¥244.90 million from ¥414.78 million at the beginning of the year, representing a decline of approximately 41%[18]. - Accounts receivable decreased slightly to ¥183.23 million from ¥187.44 million, indicating a reduction of about 2%[18]. - Other receivables decreased to ¥47.02 million from ¥57.69 million, reflecting a decline of approximately 18%[18]. Corporate Governance - The company has committed to not engaging in similar business activities as its subsidiaries, ensuring no competition with its own products[17]. - The company has a long-term commitment to not use its shares for pledging or guarantees, effective from December 2003[17]. - The company has completed the reform of its equity structure, which was initiated in March 2006, and is now focusing on management incentive plans[16]. - The company is committed to fair and just pricing principles in its related party transactions to protect shareholder rights[16]. - The company has ceased production of certain products since June 2000 and will not engage in similar business activities in the future[17]. - The company has a long-term commitment to ensure compliance with market pricing principles in related transactions[16]. - The company is focused on maintaining a strong financial position with a significant reduction in current liabilities[18].