LSHEC(SH:603169)2015-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 2,086,136,517.42, a 104.93% increase year-on-year[7] - Net profit attributable to shareholders surged by 1,291.84% to CNY 662,165,059.99 compared to the same period last year[7] - The basic earnings per share rose to CNY 0.7001, an increase of 1,055.28% compared to the previous year[7] - Total profit decreased by 41.97% to 7,419,325.16 from 12,784,917.37 primarily due to increased financial expenses[17] - The company reported a significant increase in sales expenses, totaling CNY 25,509,177.83 for the first three quarters, compared to CNY 18,021,380.68 in the previous year, which is an increase of about 41.5%[48] - The total comprehensive income of CNY 10,031,997.87 for the third quarter, compared to CNY 8,713,599.20 in the same quarter last year, which is an increase of approximately 15.1%[49] Assets and Liabilities - Total assets increased by 4.10% to CNY 6,334,250,218.32 compared to the end of the previous year[7] - Current liabilities decreased to CNY 3,932,202,890.90 from CNY 4,479,743,100.76, a reduction of approximately 12.2%[33] - The company's total liabilities decreased to CNY 3,364,719,098.48 from CNY 3,568,836,244.50 at the start of the year, reflecting a reduction of approximately 5.73%[39] - The total non-current assets were CNY 2,441,046,251.31, down from CNY 2,558,027,953.79, showing a decline of about 4.6%[32] Cash Flow - Cash flow from operating activities improved by 67.55%, reaching a net outflow of CNY 35,490,323.64[7] - The net cash flow from operating activities for the year-to-date period was -35,490,323.64, an improvement from -109,364,234.76 in the previous year[53] - Cash received from the sale of goods and services decreased to 906,092,713.29 from 1,161,199,038.19, representing a decline of approximately 22%[52] - The total cash inflow from operating activities was 1,095,949,503.54, down from 1,537,471,490.64, indicating a decrease of about 29%[52] - The net cash flow from investing activities was -619,355,917.56, worsening from -294,000,539.46 year-over-year[54] Shareholder Information - The total number of shareholders reached 55,283, with the largest shareholder holding 57.70% of the shares[13] - The company’s capital stock increased by 60% to 945,848,416.00 from 591,155,260.00 due to a stock dividend distribution[17] - Lanzhou Lanshi Heavy Equipment's major shareholder, Jingshi Investment, committed to not transferring or entrusting the management of 56.19 million shares within 12 months from the listing date[25] Investments and Projects - The company recognized land use rights transfer income of CNY 890,131,000, contributing to a significant increase in net profit[8] - Construction in progress increased by 151.19% to 105,675,639.39 from 42,069,611.02 due to new projects in Qingdao and Xinjiang[16] - The company has made significant progress in the "Out of City and Into Park" industrial upgrade project, as outlined in its commitments[23] Financial Expenses - The company reported a 108.59% increase in financial expenses to 28,773,413.47 from 13,794,508.10 due to increased loans[17] - The financial expenses for the first three quarters were CNY 67,314,430.99, significantly higher than CNY 28,887,278.21 in the previous year, representing an increase of about 133.3%[48] Compliance and Governance - The company is focused on reducing and standardizing related transactions between Lanzhou Lanshi Group and Lanzhou Lanshi Heavy Equipment to enhance corporate governance[24] - Lanzhou Lanshi Heavy Equipment is actively working on compliance with relevant regulations to protect the rights of minority investors[23]