LNCD(SH:600739)2016-10-24 16:00Financial Performance - Net profit attributable to shareholders decreased by 43.43% to CNY 831,680,829.05 compared to the same period last year[6] - Operating revenue decreased by 6.98% to CNY 6,076,489,161.11 compared to the same period last year[6] - Basic earnings per share decreased by 44.66% to CNY 0.5437 compared to CNY 0.9825 in the same period last year[6] - The weighted average return on equity decreased by 5.19 percentage points to 4.66%[6] - Total profit for Q3 2016 was CNY 198,748,498.57, a decrease from CNY 275,384,235.71 in Q3 2015, representing a decline of approximately 28%[29] - Net profit attributable to shareholders was CNY 107,816,169.46 in Q3 2016, down from CNY 237,628,500.24 in Q3 2015, indicating a decrease of about 55%[29] - The total profit for the first nine months of 2016 was CNY 1,097,892,733.13, down from CNY 1,913,052,585.31 in the same period of 2015, indicating a decline of approximately 43%[32] Assets and Liabilities - Total assets increased by 19.49% to CNY 31,799,377,172.64 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 62.41% to ¥1,036,154,689.38 from ¥2,756,142,940.36, primarily due to cash payments for purchasing shares in China Insurance[13] - Other receivables decreased by 93.65% to ¥72,128,047.74 from ¥1,135,515,550.43, mainly due to the transfer of a deposit for bidding to China Insurance[13] - Long-term equity investments increased by 65.33% to ¥21,050,581,003.35 from ¥12,732,672,808.34, primarily due to new investments in China United Insurance Holdings[13] - Short-term borrowings increased by 199.78% to ¥4,915,000,000.00 from ¥1,639,558,606.80, reflecting an expansion in borrowing scale to meet funding needs[13] - Current liabilities increased to ¥11,612,210,812.49 from ¥6,288,994,638.84, indicating a rise in short-term financial obligations[20] Cash Flow - Net cash flow from operating activities improved to CNY 325,636,026.20, a significant recovery from a negative CNY 161,068,402.59 in the previous year[6] - Cash inflow from sales of goods and services was CNY 5,696,185,600.63, a decrease from CNY 6,392,079,502.38 in the previous year[36] - Cash flow from operating activities totaled CNY 5,820,588,275.88, down from CNY 6,534,208,081.86 year-over-year[36] - The company reported a net increase in cash and cash equivalents of CNY -1,716,256,775.56, contrasting with an increase of CNY 735,261,847.73 in the same period last year[37] Investment and Financing - The company received government subsidies amounting to CNY 2,832,407.46 during the reporting period[8] - Total cash inflow from investment activities reached CNY 3,024,222,796.20, compared to CNY 404,470,241.04 in the previous year, indicating a substantial increase[36] - Net cash flow from financing activities was CNY 3,911,193,309.88, up from CNY 1,246,258,801.34 year-over-year, reflecting stronger financing capabilities[37] - The company received CNY 14,206,440,000.00 in borrowings during the period, significantly higher than CNY 1,833,131,005.50 in the previous year[37] Shareholder Information - The total number of shareholders reached 105,927[9] - The largest shareholder, Liaoning Chengda Group Co., Ltd., holds 11.11% of the shares[9] Operational Efficiency - Management expenses decreased by 34.13% to ¥250,242,501.82 from ¥379,932,422.68, mainly due to reduced expenses after the subsidiary Chengda Hongsheng ceased operations[13] - Financial expenses increased by 167.63% to ¥419,593,657.75 from ¥156,782,903.55, primarily due to a significant increase in interest expenses from expanded debt financing[13]