L&K(SH:603929)2018-10-25 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,866,068,599.5, a 44.72% increase year-on-year[7] - Net profit attributable to shareholders was CNY 122,892,448.02, reflecting a 26.38% increase compared to the same period last year[8] - Basic and diluted earnings per share rose by 37.50% to CNY 0.66[8] - Total operating revenue for Q3 2018 reached ¥463,099,692.60, a significant increase from ¥275,662,272.20 in Q3 2017, representing a growth of approximately 67.9%[27] - Net profit for the first nine months of 2018 was ¥416,852,460.75, up from ¥326,076,150.44 in the same period last year, reflecting a growth of approximately 27.7%[25] - Total revenue for Q3 2018 reached ¥452.87 million, a 76.7% increase from ¥256.19 million in the same period last year[30] - Net profit for Q3 2018 was ¥32.39 million, up 46.5% from ¥22.12 million in Q3 2017[31] - Total comprehensive income for Q3 2018 was ¥32.39 million, compared to ¥22.12 million in the same quarter last year[31] Asset and Equity Growth - Total assets increased by 13.00% to CNY 1,879,087,752.81 compared to the end of the previous year[7] - Total assets increased to CNY 1.88 billion, up from CNY 1.66 billion, indicating overall growth in the company's financial position[20] - The total assets as of September 30, 2018, amounted to ¥1,661,249,980.41, compared to ¥1,392,903,458.55 at the beginning of the year, marking an increase of about 19.3%[24] - The total equity attributable to shareholders reached ¥1,079,401,324.04, compared to ¥980,056,400.42 at the beginning of the year, indicating a growth of about 10.1%[22] Cash Flow and Investment - The net cash flow from operating activities for the first nine months was CNY 64,770,506.26, a significant recovery from a loss of CNY 141,876,633.58 in the previous year[7] - The company reported a net cash flow from operating activities of CNY 64.77 million, a significant improvement from a negative cash flow of CNY 141.88 million in the previous period[16] - Operating cash inflow for the first nine months reached CNY 1,938,958,221.01, a significant increase of 80.8% compared to CNY 1,072,812,648.42 in the same period last year[33] - Investment cash inflow totaled CNY 1,235,136,958.52, up from CNY 651,537,219.73 year-on-year, indicating a strong recovery in investment activities[34] - The company reported a total cash outflow from operating activities of CNY 1,874,187,714.75, which is an increase from CNY 1,214,689,282.00 year-on-year[33] - The company’s investment cash outflow was CNY 1,311,768,602.18, compared to CNY 895,271,501.58 in the previous year, reflecting increased investment activities[34] Shareholder Information - The total number of shareholders reached 16,738 by the end of the reporting period[11] - The largest shareholder, 亚翔工程股份有限公司, holds 53.99% of the shares[12] Liabilities and Expenses - The total liabilities as of September 30, 2018, were ¥719,954,250.44, up from ¥542,382,871.55 at the beginning of the year, representing an increase of approximately 32.8%[24] - Employee compensation payable decreased by 56.98% year-on-year, as bonuses accrued at the end of the previous year have been paid out[14] - Tax payable decreased by 40.14% year-on-year, mainly due to a significant amount of income tax payable at the end of the previous year[14] - The company incurred a tax expense of ¥1.30 million in Q3 2018, down from ¥4.26 million in Q3 2017[31] Research and Development - Research and development expenses for Q3 2018 were ¥5,214,444.92, compared to ¥3,155,589.07 in Q3 2017, reflecting an increase of approximately 65.2%[27] - Research and development expenses for Q3 2018 were ¥5.21 million, up from ¥3.16 million in Q3 2017, indicating a 65.3% increase[30] Other Financial Metrics - Non-recurring gains and losses amounted to CNY 13,498,355.49 for the reporting period[10] - Other current assets increased by 35.65% year-on-year, primarily due to increased investments in bank wealth management and tax receivables[14] - Construction in progress rose by 46.64% year-on-year, reflecting ongoing investments in the R&D center[14] - Prepayments surged by 123.29% year-on-year, attributed to new projects receiving advance payments[14] - Accounts receivable increased to CNY 753.31 million, up from CNY 635.29 million, indicating improved cash flow from project collections[20] - Inventory increased to CNY 336.76 million, up from CNY 273.23 million, reflecting higher stock levels[20] - Cash and cash equivalents decreased to ¥195,676,497.76 from ¥274,404,744.63 at the beginning of the year, a decline of approximately 28.7%[23] - The company experienced a foreign exchange impact of CNY 761,744.62 on cash and cash equivalents, contrasting with a negative impact of CNY -977,118.04 in the previous year[34]