LSHEC(SH:603169)2017-10-19 16:00Financial Performance - Operating revenue rose by 73.29% to CNY 2,141,238,313.28 for the first nine months compared to the same period last year[6]. - Net profit attributable to shareholders decreased by 34.40% to CNY 15,979,577.38 year-on-year[6]. - Basic earnings per share fell by 34.45% to CNY 0.0156 compared to the same period last year[6]. - The net profit for the first nine months was ¥15,979,577.38, representing a 34.40% decrease from ¥24,358,294.42 in the previous year, primarily due to lower gross margins on EPC projects and high fixed costs[11]. - The total comprehensive income for the first nine months was ¥15,979,577.38, a decrease of 34.1% from ¥24,358,294.42 year-on-year[27]. - The company's operating revenue for Q3 2017 reached ¥769,532,096.72, a significant increase of 126.4% compared to ¥340,146,903.51 in the same period last year[29]. - The net profit for the first nine months of 2017 was ¥43,440,399.13, compared to ¥9,042,731.11 in the previous year, reflecting a year-on-year growth of 380.5%[30]. Cash Flow - Net cash flow from operating activities worsened by 135.01%, reaching -CNY 944,516,646.43 for the first nine months[6]. - The cash flow from operating activities for the first nine months of 2017 was negative at -¥944,516,646.43, worsening from -¥401,906,115.66 in the same period last year[34]. - Operating cash inflow for the year-to-date period reached ¥1,676,426,735.89, up from ¥1,152,969,652.32 in the previous year, representing an increase of approximately 45.5%[37]. - Net cash flow from operating activities was negative at ¥-1,155,144,175.65, worsening from ¥-731,589,358.21 year-over-year[37]. - Total cash outflow from operating activities was ¥2,831,570,911.54, compared to ¥1,884,559,010.53 in the previous year, indicating a rise of approximately 50.2%[37]. Assets and Liabilities - Total assets increased by 28.10% to CNY 9,612,676,834.33 compared to the end of the previous year[6]. - Current assets rose to CNY 6,576,886,913.88, up from CNY 4,476,736,220.10, indicating a 47.0% increase[17]. - Total liabilities increased to CNY 6,622,031,802.06 from CNY 4,519,187,144.99, representing a growth of 46.5%[19]. - Non-current liabilities rose to CNY 680,757,893.41 from CNY 383,501,360.28, an increase of 77.6%[19]. - The company's short-term borrowings increased by 29.85% to ¥2,890,647,260.00, reflecting higher working capital needs for production and EPC projects[11]. - The company's total liability reached ¥5,720,409,336.64, an increase of 67.9% from ¥3,409,923,117.52 at the beginning of the year[24]. Shareholder Information - The total number of shareholders reached 59,212 by the end of the reporting period[9]. - The largest shareholder, Lanzhou Lanshi Group Co., Ltd., holds 54.57% of the shares, with 276,870,000 shares pledged[9]. - The company has no preferred shares and no significant changes in shareholder relationships were reported[9]. Operational Metrics - The company's inventory increased by 73.50% to ¥3,494,253,148.67, attributed to a net increase of ¥1,014,000,000 in construction projects[11]. - Financial expenses rose by 25.13% to ¥82,860,509.56, mainly due to increased short-term and long-term borrowings[11]. - The company reported a significant increase in accounts payable, which rose by 103.75% to ¥1,478,805,127.42, driven by the growth in EPC projects[11]. - Operating costs for the first nine months amounted to ¥2,132,365,918.03, up 75.8% from ¥1,212,871,024.95 year-on-year[26]. Strategic Initiatives - The company plans to enhance its overall profitability and core competitiveness by integrating the petrochemical equipment industry chain and strengthening its EPC capabilities[12]. - The company is in the process of acquiring a 51% stake in Reze Petrochemical, with the review by the China Securities Regulatory Commission scheduled for October 20, 2017[13].