LSGC(SH:600738)2014-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 1.05% to CNY 87,239,258.70 year-on-year[6] - Operating revenue decreased by 14.92% to CNY 927,620,999.43 compared to the same period last year[6] - Basic earnings per share decreased by 0.84% to CNY 0.237[6] - The weighted average return on net assets decreased by 0.64 percentage points to 8.27%[6] - Total operating revenue for Q3 was CNY 296,700,303.17, a decrease of 11.85% compared to CNY 336,653,563.70 in the same period last year[32] - Net profit for the first nine months was CNY 87,239,258.70, slightly down from CNY 88,123,737.05 in the previous year, representing a decrease of 1.01%[35] - Total profit for the first nine months was CNY 115,331,405.00, up from CNY 112,724,652.42 in the previous year, reflecting a growth of 2.26%[35] Cash Flow - Net cash flow from operating activities was negative at CNY -114,761,840.67, a decrease of 552.94% compared to the previous year[6] - The company's cash flow from operating activities showed a net outflow of CNY 1.15 billion, a decrease of 552.94% compared to the previous year[14] - Cash generated from operating activities for the first nine months was CNY 966,469,664.73, a decrease of 18.14% compared to CNY 1,181,608,398.88 in the previous year[39] - Operating cash inflow for Q3 2014 was CNY 992,548,480.14, down from CNY 1,204,759,277.40 in Q3 2013, representing a decrease of approximately 17.6%[40] - Net cash flow from operating activities for the first nine months of 2014 was -CNY 52,023,156.12, compared to a positive CNY 3,513,055.60 in the same period last year[43] - Total cash inflow from operating activities for the first nine months of 2014 was CNY 911,666,507.75, down from CNY 1,175,754,183.23 in the same period last year, a decline of approximately 22.5%[43] - Total cash outflow from operating activities for the first nine months of 2014 was CNY 963,689,663.87, compared to CNY 1,172,241,127.63 in the previous year, reflecting a decrease of about 17.8%[43] Assets and Liabilities - Total assets increased by 6.42% to CNY 1,874,691,636.09 compared to the end of the previous year[6] - The company's total liabilities increased to RMB 794,834,054.07 from RMB 732,115,505.49, representing a rise of about 8.56%[25] - The total equity attributable to shareholders rose to RMB 1,079,857,582.02, up from RMB 1,029,505,086.02, indicating an increase of approximately 4.87%[25] - Cash and cash equivalents at the end of the period were RMB 578,861,752.69, compared to RMB 549,583,979.65 at the beginning of the year, showing a growth of about 5.99%[23] - Inventory increased by CNY 118.06 million, a growth of 43.33%, mainly due to increased costs in real estate development[12] - The company's short-term borrowings increased by CNY 202.71 million, representing a 100% increase, primarily due to new borrowings during the period[12] Shareholder Information - The total number of shareholders reached 32,776 at the end of the reporting period[9] - The largest shareholder, Honglou Group Co., Ltd., holds 39.27% of the shares, with a decrease of 21,245,200 shares during the reporting period[9] Investment and Income - Investment income rose to CNY 48.29 million, an increase of 672.67% year-on-year, attributed to dividends from equity investments in Lanzhou Bank[13] - The company's operating income from non-operating activities increased by CNY 9.54 million, a growth of 114.03%, due to the recognition of long-overdue payables and increased waste product income[13] - The company received CNY 4,829,200.00 in investment income during the first nine months of 2014, up from CNY 625,000.00 in the previous year[43] Related Party Transactions and Commitments - The company will ensure that related party transactions are conducted at fair market prices to protect the interests of all shareholders[18] - Honglou Group and its actual controller have committed to maintaining the independence of Lanzhou Minbai in terms of personnel, assets, finance, and operations[18] - The controlling shareholder has committed to avoiding substantial competition with Lanzhou Minbai's main business[18] - The company will ensure timely disclosure of information regarding related party transactions as per legal and regulatory requirements[18]