LEP(SH:600644)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,482,469,131.72, a growth of 5.87% year-on-year[8] - Net profit attributable to shareholders decreased by 58.02% to CNY 103,413,429.00 compared to the same period last year[8] - Basic earnings per share fell by 58.02% to CNY 0.192[9] - Operating profit fell by 46.62% to ¥129,587,312.18, significantly impacted by changes in asset impairment losses[13] - Net profit decreased by 55.97% to ¥112,049,715.41, mainly due to the recognition of non-recurring gains in the previous year[13] - Total operating revenue for Q3 was approximately ¥483.54 million, a slight increase from ¥482.76 million in the same period last year, representing a year-over-year growth of 0.16%[29] - Net profit for Q3 was approximately ¥45.48 million, a decrease of 46.16% compared to ¥84.45 million in the same period last year[30] - Year-to-date net profit was approximately ¥112.05 million, down 56.05% from ¥255.14 million in the same period last year[30] Cash Flow - Cash flow from operating activities dropped by 63.90% to CNY 101,783,647.33 compared to the previous year[8] - The company reported a net cash outflow from investing activities of ¥166,439,913.45, an increase of 92.86% year-on-year due to higher cash payments for fixed asset investments[13] - Cash flow from operating activities for the first nine months of 2017 was CNY 101,783,647.33, significantly lower than CNY 281,946,396.38 in the same period of 2016[37] - Cash inflow from financing activities surged to $996.9 million, up from $570.5 million, marking an increase of 74.6%[40] - Net cash flow from financing activities decreased to $61.6 million, down from $84.9 million, a decline of 27.4% year-over-year[40] Assets and Liabilities - Total assets increased by 17.89% to CNY 2,994,100,972.35 compared to the end of the previous year[8] - The company's total liabilities reached CNY 1,455,373,189.85, an increase from CNY 1,204,620,876.22, marking a growth of around 21%[21] - Current liabilities totaled CNY 948,376,940.38, up from CNY 867,910,766.22, indicating an increase of about 9%[20] - Non-current liabilities amounted to CNY 506,996,249.47, compared to CNY 336,710,110.00, representing a significant rise of approximately 51%[21] - The company’s short-term borrowings increased by 52.78% to ¥275,000,000.00, reflecting higher bank borrowings during the reporting period[13] Shareholder Information - The total number of shareholders reached 30,811[11] - The top ten shareholders collectively hold 69.24% of the shares, with the largest shareholder owning 19.24%[12] Operational Insights - The company anticipates a significant impact on electricity sales due to the construction of a self-built power plant by its largest electricity user, which will generate approximately 500 million kWh annually[16] - The company has not disclosed any new product developments or market expansion strategies in this report[7] Inventory and Receivables - Accounts receivable rose by 149.34% to ¥42,055,813.52, primarily due to an increase in receivables during the reporting period[13] - Inventory decreased to CNY 12,019,297.88 from CNY 14,727,006.26, reflecting a reduction of approximately 18%[24] - Accounts receivable decreased to CNY 8,208,861.47 from CNY 5,975,706.37, indicating a decline of about 37%[23] Expenses - Total operating costs for Q3 increased to approximately ¥428.64 million from ¥395.52 million, reflecting a year-over-year increase of 8.36%[29] - The company reported a significant increase in sales expenses for Q3, rising to approximately ¥22.60 million from ¥15.14 million, a year-over-year increase of 49.3%[29] - Management expenses for Q3 decreased to approximately ¥58.72 million from ¥67.85 million, reflecting a reduction of 13.5%[29]