LBC(SH:600727)2016-10-27 16:00Financial Performance - Operating revenue for the first nine months was CNY 354,563,444.27, a decrease of 26.80% year-on-year[6] - Net profit attributable to shareholders decreased by 28.39% to CNY 18,501,024.36 compared to the same period last year[6] - Basic and diluted earnings per share decreased by 28.57% to CNY 0.05[7] - The company's operating revenue for Q3 2016 was ¥103.84 million, a decrease of 41.3% compared to ¥176.88 million in Q3 2015[24] - The net profit for Q3 2016 was ¥5.64 million, down 10.1% from ¥6.27 million in the same period last year[25] - The total profit for the first nine months of 2016 was ¥18.50 million, a decline of 28.5% from ¥25.84 million in the previous year[25] - The company received cash inflows from operating activities totaling ¥386.70 million, a decrease of 19.4% from ¥479.83 million in the previous year[28] Cash Flow - Net cash flow from operating activities increased significantly by 134.65% to CNY 55,231,930.15 compared to the same period last year[6] - Cash flow from operating activities for the first nine months was ¥55.23 million, an increase of 134.8% compared to ¥23.54 million in the same period last year[28] - Net cash flow from financing activities increased by 98.19% year-on-year, mainly due to the discounting of acceptance bills[15] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,358,390,180.58, a slight increase of 0.26% compared to the end of the previous year[6] - Total liabilities as of September 30, 2016, were RMB 284,495,283.70, a decrease from RMB 298,882,391.22 at the beginning of the year[20] - The company's undistributed profits as of September 30, 2016, were -RMB 330,738,557.76, an improvement from -RMB 349,239,582.12 at the beginning of the year[21] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,354[10] - The largest shareholder, Shandong Lubai Enterprise Group, holds 30.56% of the shares[11] Operating Costs and Expenses - Operating costs decreased by over 30% year-on-year, mainly due to weak sales in certain chemical products[13] - Financial expenses increased by over 30% year-on-year, primarily due to increased interest income from entrusted wealth management[13] - Sales expenses for Q3 2016 were ¥3.73 million, a decrease of 61.2% from ¥9.62 million in Q3 2015[24] - The company incurred asset impairment losses of ¥3.19 million in Q3 2016, down 44% from ¥5.72 million in the same period last year[24] Other Assets - Prepaid accounts decreased by 58.46% compared to the beginning of the year, mainly due to the receipt of previously prepaid project equipment and materials[13] - Other current assets increased by 109.84% compared to the beginning of the year, attributed to bank wealth management activities[13] - Construction in progress increased by 374.80% compared to the beginning of the year, primarily due to the construction of sulfuric acid low-temperature waste heat projects and airflow drying projects[13]