L&K(SH:603929)2017-10-23 16:00Financial Performance - Net profit attributable to shareholders decreased by 32.68% to CNY 102,275,799.04 for the first nine months of the year[7]. - Operating revenue for the first nine months dropped by 30.40% to CNY 1,243,904,799.99 compared to the same period last year[7]. - Basic and diluted earnings per share fell by 49.47% to CNY 0.48[8]. - Net profit for Q3 2017 was CNY 102.28 million, down 32.68% from CNY 151.93 million year-over-year[18]. - The total profit for the first nine months of 2017 reached ¥102,055,064.9, down from ¥127,423,400.13 in the same period last year, reflecting a decrease of about 20%[37]. - The company reported a total comprehensive income of CNY 20,610,836 in Q3 2017, compared to CNY 38,697,904.8 in the same period last year[34]. Cash Flow - Net cash flow from operating activities was negative at CNY -123,379,168.55 for the first nine months[7]. - Operating cash flow net amount was negative CNY 123.38 million, compared to a positive CNY 260.01 million in the previous year[20]. - Cash flow from operating activities for the first nine months of 2017 was negative at -¥123,379,168.55, compared to a positive cash flow of ¥260,008,780.48 in the previous year[40]. - Total cash outflow from investing activities was ¥895,271,501.58 in the first nine months of 2017, compared to ¥15,018,216.09 in the same period last year, indicating a substantial increase in investment expenditures[40]. - Cash inflow from investment activities was $480.51 million, with cash outflow totaling $628.35 million, resulting in a net cash flow from investments of -$147.84 million[43]. Assets and Liabilities - Total assets increased by 2.98% to CNY 1,471,090,285.36 compared to the end of the previous year[7]. - Total current assets increased to approximately CNY 1.42 billion from CNY 1.39 billion at the beginning of the year, with cash and cash equivalents decreasing from CNY 712.57 million to CNY 306.93 million[23]. - The company's total assets increased to approximately CNY 1.47 billion from CNY 1.43 billion at the beginning of the year[24]. - Total liabilities decreased from CNY 540.35 million to CNY 515.70 million, reflecting a reduction in current liabilities[25]. - Total liabilities increased to CNY 405,507,315.07 in Q3 2017 from CNY 347,380,564.13 in Q3 2016, reflecting a growth of 16.7%[29]. Shareholder Information - The total number of shareholders reached 17,991 by the end of the reporting period[10]. - The company's equity attributable to shareholders increased from CNY 888.13 million to CNY 955.39 million, indicating improved retained earnings[25]. Expenses and Costs - The company's management expenses rose by 20.92% to CNY 48.03 million compared to CNY 39.72 million last year[18]. - The company experienced a 411.35% increase in taxes payable, reaching CNY 24.35 million, reflecting higher corporate income tax liabilities[14]. - Operating costs decreased in line with the year-on-year decline in operating revenue[21]. - The management expenses for the first nine months of 2017 were ¥45,270,014.13, up from ¥35,162,765.6 in the same period last year, reflecting an increase of approximately 29%[37]. Government Support and Non-Operating Income - The company received government subsidies totaling CNY 2,692,654.92 during the reporting period[9]. - The company reported a non-operating income of CNY 3,115,521.92 for the current period[10]. - Other income included government rewards totaling CNY 2.5 million related to the IPO process[21]. Market Outlook - Future outlook remains cautious due to rising operational costs and competitive market conditions[32]. - The company has not reported any new product launches or significant market expansions during this quarter[32].