LONCIN(SH:603766)2015-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 35.98% to CNY 632,810,430.01 year-on-year[6] - Basic earnings per share increased by 36.02% to CNY 0.7912[7] - The weighted average return on equity increased by 2.38 percentage points to 14.86%[7] - The net profit attributable to the parent company reached CNY 633 million, an increase of 35.98% compared to the same period last year[16] - The gross profit margin improved to 20.51%, up by 0.73 percentage points year-on-year[16] - The net profit for the first nine months of 2015 was CNY 657,097,135.99, up 35.6% from CNY 484,652,388.94 in the same period last year[38] - The net profit attributable to the parent company for Q3 2015 was CNY 283,222,652.44, representing an increase of 93.0% year-over-year[38] - The operating profit for Q3 2015 was CNY 311,531,416.48, up 87.0% from CNY 166,357,445.91 in Q3 2014[37] Revenue and Sales - Operating revenue decreased by 3.81% to CNY 4,866,967,193.47 for the year-to-date period[6] - The company's operating revenue for the first nine months was CNY 4.87 billion, a decrease of 3.81% year-on-year, with Q3 showing a revenue growth of 4%[14] - Year-to-date revenue for the first nine months of 2015 reached CNY 4,866,967,193.47, down from CNY 5,059,492,033.40 in the same period last year, representing a decrease of approximately 3.8%[36] - Total operating revenue for Q3 2015 was CNY 1,709,998,322.18, an increase from CNY 1,644,159,510.69 in Q3 2014[36] - The total operating revenue for Q3 2015 was CNY 1,560,182,365.25, a decrease of 12.8% compared to the same period last year[39] Assets and Liabilities - Total assets increased by 13.22% to CNY 6,964,118,610.63 compared to the end of the previous year[6] - The total current liabilities increased to CNY 1,964,116,787.92 from CNY 1,813,050,337.77, representing a rise of approximately 8.3%[30] - Non-current assets totaled CNY 3,556,810,706.45, up from CNY 2,594,197,362.05, marking an increase of about 37.1%[30] - The company's total equity increased to CNY 2,875,407,347.49 from CNY 2,928,350,012.69, reflecting a decrease of approximately 1.8%[34] Cash Flow - Net cash flow from operating activities decreased by 14.38% to CNY 502,554,309.90 compared to the same period last year[6] - The net cash flow from operating activities for the first nine months of 2015 was CNY 502,554,309.90, down from CNY 586,961,412.42 in the previous year, indicating a decrease of about 14.3%[43] - Cash inflow from sales of goods and services for the first nine months of 2015 was CNY 4,443,744,157.58, a decrease of 3.2% compared to CNY 4,588,576,612.54 in the same period last year[42] - The cash and cash equivalents at the end of the reporting period were CNY 968,764,383.49, down from CNY 1,126,638,562.48 at the end of the same period last year, representing a decrease of approximately 13.9%[44] Investments and Acquisitions - The company reported a significant increase in investment income of CNY 142.59 million, primarily due to the acquisition of Shandong Lichi[14] - The company invested RMB 176.5 million to acquire shares from existing shareholders of Shandong Lichi New Energy Vehicle Co., Ltd. and increased its capital by RMB 150 million, resulting in a 51% ownership stake[21] - The acquisition of 75% equity in Guangzhou Weining Electromechanical Co., Ltd. was completed, marking the company's expansion from household power supply to commercial smart power supply business[19] - The company has expanded its investment in Beijing Xingnong Fenghua Technology Co., Ltd. by contributing RMB 17 million, acquiring a 28% equity stake[21] Shareholder Information - The number of shareholders reached 44,271 at the end of the reporting period[9] - The largest shareholder, Longxin Holdings, holds 51.49% of the shares, with 413,776,051 shares pledged[9] Financial Management - The company's financial expenses increased significantly by 124.23%, mainly due to the depreciation of the RMB and increased exchange gains[14] - The financial expenses for Q3 2015 showed a net income of CNY -39,995,283.92, compared to CNY -6,552,321.17 in the previous year, indicating improved financial management[37] Strategic Initiatives - The company is actively pursuing transformation strategies in "drone + agricultural information" and has completed prototype testing for its agricultural drone XV-2[16] - The company is focused on enhancing its product offerings and market presence through strategic acquisitions and investments in technology[19] - The company received approval from the China Securities Regulatory Commission for its asset acquisition plan, facilitating its strategic growth initiatives[19] - The company is committed to fulfilling its promises related to the initial public offering and ensuring compliance with regulatory requirements[22]