LK(SH:600388)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 4,928,901,956.30, a 9.79% increase compared to the same period last year[6] - Net profit attributable to shareholders rose by 10.25% year-on-year to CNY 429,545,386.80[6] - Basic earnings per share increased by 11.11% to CNY 0.40[6] - Total operating revenue for Q3 2016 was CNY 1,999,094,449.77, a decrease of 1.4% compared to CNY 2,022,783,219.17 in Q3 2015[25] - Net profit for Q3 2016 reached CNY 234,637,869.34, an increase of 8.5% compared to CNY 216,232,742.47 in Q3 2015[26] - The total profit for Q3 2016 was ¥186,886,387.97, an increase of 5.0% from ¥176,736,438.67 in Q3 2015[30] Assets and Liabilities - Total assets increased by 5.41% year-on-year to CNY 14,246,394,193.05[6] - Total current assets increased to ¥12,505,334,521.47 from ¥11,734,005,731.86, representing a growth of approximately 6.56%[18] - Total liabilities increased to ¥10,413,095,064.86 from ¥9,851,028,055.11, marking an increase of about 5.69%[19] - The total liabilities as of Q3 2016 amounted to CNY 8,767,261,923.17, compared to CNY 8,152,134,437.72 in the previous year, indicating a growth in financial obligations[23] Cash Flow - Net cash flow from operating activities increased by 51.93% year-on-year to CNY 228,302,805.32[6] - Cash flow from operating activities for the first nine months of 2016 was ¥4,161,792,315.92, slightly down from ¥4,183,923,491.78 in the same period last year[33] - The net cash flow from operating activities for Q3 2016 was ¥228,302,805.32, an increase from ¥150,271,967.00 in the previous year, reflecting a growth of approximately 52%[34] - The total cash outflow for operating activities in the first nine months of 2016 was ¥3,507,355,858.44, an increase from ¥3,227,384,575.79 in the previous year[36] Shareholder Information - Net assets attributable to shareholders increased by 6.03% year-on-year to CNY 3,780,113,732.17[6] - The total number of shareholders at the end of the reporting period was 146,160[9] - The largest shareholder, Fujian Dongzheng Investment Co., Ltd., holds 17.17% of shares[9] - The company plans to distribute cash dividends amounting to at least 30% of the average distributable profit over the next three years[14] Operational Efficiency - The weighted average return on equity decreased by 0.28 percentage points to 11.61%[6] - The company reported a gross profit margin of approximately 12.9% for Q3 2016, compared to 10.5% in Q3 2015, indicating improved operational efficiency[25] - Operating costs for Q3 2016 were ¥1,220,745,649.78, down 10% from ¥1,356,313,381.34 in Q3 2015[29] Investments and Future Plans - The company plans to expand its market presence and invest in new technologies to enhance product offerings in the upcoming quarters[25] - The company reported a significant decrease in long-term equity investments, with an increase of 50.22% in net assets from joint ventures[11] - The company has committed to not engaging in competitive activities with its major shareholder, Fujian Dongzheng Investment Co., Ltd.[14]