LGWH(SH:601599)2018-10-29 16:00Financial Performance - Operating revenue for the first nine months rose by 18.61% to CNY 3,077,588,607.39 year-on-year[6] - Net profit attributable to shareholders decreased by 33.24% to CNY 64,811,587.78 compared to the same period last year[6] - The company reported a decrease in net profit after deducting non-recurring gains and losses by 40.64% to CNY 56,022,104.24[6] - The company reported a net profit margin of approximately 1.5% for the first nine months, compared to 1.3% in the same period last year[25] - The company reported a net profit of -2,666,959.24 CNY for Q3 2018, compared to a net profit of 26,303,265.28 CNY in the same period last year, representing a decline of approximately 110.1%[28] - The company reported a total comprehensive income of -2,165,072.97 CNY for Q3 2018, compared to 26,009,754.18 CNY in Q3 2017, a decline of approximately 108.3%[29] - The total profit for Q3 2018 was -5,656,003.79 CNY, a decrease from 41,281,733.66 CNY in Q3 2017, indicating a decline of approximately 113.7%[28] - The company reported a total profit of ¥647,973.71 for Q3 2018, compared to a total loss of ¥99,424,499.84 in the same quarter last year[32] Cash Flow and Liquidity - Net cash flow from operating activities improved by 139.05% to CNY 293,811,864.46 compared to the previous year[6] - Cash received from sales and services increased by 44.76% to ¥3,949,056,493 from ¥2,728,092,156, reflecting faster cash recovery from sales[15] - Cash and cash equivalents increased by 46.49% to ¥68,645,421.37 from ¥46,859,199.64, driven by increased cash flow from operating activities[15] - Cash and cash equivalents at the end of the period were CNY 258,724,987.56, down from CNY 277,164,582.73 at the beginning of the year, a decrease of 6.3%[22] - Cash inflow from financing activities totaled CNY 2,164,898,802.06, up from CNY 1,928,059,144.38 in the previous year[36] - Net cash flow from financing activities was CNY 229,793,771.37, a decrease of 54.3% compared to CNY 502,272,603.20 in the same period last year[36] - Cash inflow from investment activities was CNY 45,811,694.98, slightly down from CNY 51,040,921.03 year-over-year[35] Assets and Liabilities - Total assets increased by 7.46% to CNY 6,888,197,281.93 compared to the end of the previous year[6] - Total liabilities increased to CNY 4,266,662,847.87 from CNY 3,727,872,685.55, representing a growth of 14.4%[20] - Current liabilities totaled CNY 3,778,988,123.89, up from CNY 3,405,491,405.87, indicating a rise of 11%[20] - Non-current liabilities rose to CNY 487,674,723.98 from CNY 322,381,279.68, marking an increase of 51.2%[20] - The company's total equity decreased to CNY 2,621,534,434.06 from CNY 2,682,389,326.90, a decline of 2.3%[20] Shareholder Information - The total number of shareholders reached 39,121 by the end of the reporting period[11] - The largest shareholder, Qian Wenlong, holds 13.3% of the shares, with 108 million shares pledged[11] Operational Efficiency - Accounts receivable decreased by 95.65% to ¥4,790,000 from ¥110,148,788 due to accelerated capital turnover[13] - Prepayments increased by 92.31% to ¥555,424,258.86 from ¥288,817,091.15, attributed to increased investment in the film and television sector[14] - Advance receipts increased by 284.09% to ¥312,307,468.44 from ¥81,310,680.89, driven by increased pre-receipts in the film sector[14] - Other payables increased by 340.28% to ¥330,671,902.10 from ¥75,105,209.33, due to an increase in pending payment letters of credit[14] - The company incurred total operating expenses of ¥3,751,666,666.11, compared to ¥3,562,930,477.49 in the same period last year[34] Research and Development - Research and development expenses for Q3 2018 were 16,066,410.11 CNY, reflecting the company's commitment to innovation[27] Financial Expenses - Financial expenses increased by 39.19% to ¥106,112,526.2 from ¥76,237,200.09, due to a tighter domestic financing environment[15] - Financial expenses for Q3 2018 amounted to 37,981,615.94 CNY, up from 30,929,747.09 CNY in Q3 2017, indicating an increase of approximately 22.1%[27]