LSGC(SH:600738)2015-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 12.54% to CNY 76,296,914.82 for the year-to-date period[5] - Operating revenue declined by 7.56% to CNY 857,530,976.40 for the year-to-date period[5] - Basic earnings per share decreased by 12.66% to CNY 0.207[5] - Total profit for the first nine months of 2015 was ¥101,770,643.18, a decrease of 11.7% from ¥115,331,405.00 in the same period of 2014[34] - Net profit for Q3 2015 was ¥21,404,910.41, a decline of 24.5% compared to ¥28,320,293.88 in Q3 2014[34] - The company reported a total profit of CNY 15,237,148.84 for Q3 2015, down 41.0% from CNY 25,751,764.56 in Q3 2014[39] Assets and Liabilities - Total assets increased by 3.95% to CNY 1,957,238,776.84 compared to the end of the previous year[5] - Accounts receivable increased significantly by 23,082.34% to CNY 918,948.00 compared to the beginning of the year[11] - Inventory rose by 32.94% to CNY 557,125,843.03, primarily due to increased development costs in real estate[11] - Short-term borrowings increased by 48.83% to CNY 301,694,800.00, attributed to increased bank loans[12] - Total liabilities decreased to CNY 784,406,760.24 from CNY 786,335,774.81, a slight decrease of about 0.25%[26] - Current liabilities decreased slightly to CNY 782,406,760.24 from CNY 784,335,774.81, a reduction of about 0.25%[26] Cash Flow - The company reported a net cash flow from operating activities of -CNY 116,944,059.24, a decrease of 1.90% year-on-year[5] - Operating cash flow for Q3 2015 showed a net outflow of CNY 116,944,059.24, compared to a net outflow of CNY 114,761,840.67 in Q3 2014[41] - Total cash inflow from operating activities was 829,340,682.12 RMB, down 9.0% from 911,666,507.75 RMB year-on-year[43] - Cash outflow from operating activities totaled 869,606,900.44 RMB, a decrease of 9.8% compared to 963,689,663.87 RMB in the previous year[43] - Financing activities generated a net cash inflow of 92,324,647.73 RMB, down 43.4% from 163,212,141.30 RMB year-on-year[44] Shareholder Information - The number of shareholders reached 39,918, with the largest shareholder holding 35.03% of the shares[8] - The controlling shareholder, Honglou Group, plans to increase its stake in the company by at least 0.1% and up to 1% of the total share capital within six months starting from July 9, 2015[21] Investment and Expenses - Financial expenses increased by 91.66 million yuan, a growth of 370.97%, mainly due to increased interest expenses[13] - Investment income decreased by 38.73 million yuan, a decline of 80.21%, mainly due to reduced dividend income from equity investments in Lanzhou Bank[13] - Non-operating expenses increased by 3.77 million yuan, a growth of 384.57%, primarily due to increased losses from the disposal of fixed assets[13] - The financial expenses for Q3 2015 were ¥4,417,748.16, significantly higher than ¥1,065,016.77 in Q3 2014, indicating increased financial costs[33] Future Plans and Commitments - The company plans to terminate the non-public issuance of shares due to significant changes in the securities market and stock price fluctuations, which will not adversely affect operations[16] - The company is committed to maintaining the independence of Lanzhou Minbai, ensuring independent personnel, assets, and financial integrity[20] - The company has made a commitment to avoid substantial competition with its main business and will notify Lanzhou Minbai of any potential conflicts[20] - The company has a plan to gradually inject qualifying assets into Lanzhou Minbai within five years following the approval of the major asset restructuring by the China Securities Regulatory Commission[20] - The company has undertaken to compensate for any shortfall in net profit during the profit compensation period if the actual net profit falls below the forecast[20] - The company has established a commitment to ensure fair and legal related party transactions, adhering to market principles and regulatory requirements[20]