LMGF(SZ:002734)2017-10-23 16:00Financial Performance - Net profit attributable to shareholders rose by 207.65% to CNY 32,390,811.98 for the reporting period[8] - Operating revenue for the period reached CNY 337,908,416.93, reflecting a growth of 34.75% year-on-year[8] - Basic earnings per share increased by 233.33% to CNY 0.2 for the reporting period[8] - The net cash flow from operating activities was CNY 127,528.40, a significant increase of 100.35% compared to the same period last year[8] - The weighted average return on equity was 1.99%, up from 0.69% in the previous year[8] - The net profit after deducting non-recurring gains and losses decreased by 26.60% to CNY 9,941,982.80 for the reporting period[8] Shareholder Information - The total number of shareholders at the end of the reporting period was 15,044[11] - The top shareholder, Li Ming, holds 22.14% of the shares, amounting to 36,465,000 shares[11] Non-Recurring Gains and Acquisitions - The company reported non-recurring gains of CNY 21,202,617.25 for the year-to-date[9] - The company plans to acquire 70% of Shandong Damin for 108.75 million yuan to extend its industrial chain upstream and enhance cost efficiency[16] Asset Changes - Total assets increased by 11.79% to CNY 2,323,567,468.26 compared to the end of the previous year[8] - Cash and cash equivalents decreased by 54.56% due to the use of idle raised funds for purchasing financial products[15] - Accounts receivable increased by 54.95% primarily due to the acquisition of Hebei Shuangji, which added to the consolidated accounts receivable[15] - Prepayments surged by 243.04% as a result of the acquisition of Hebei Shuangji, leading to an increase in consolidated prepayments[15] - Inventory rose by 43.81% following the acquisition of Hebei Shuangji, contributing to the increase in consolidated inventory[15] - The company’s intangible assets increased by 196.88% primarily due to the consolidation of Hebei Shuangji[15] Financial Transactions - The company has signed a contract with CORPOVEX for agricultural chemical procurement worth $46.93 million, with 95.59% of the sales revenue recognized as of September 30, 2017[16] - The company repurchased 600,000 shares at a total cost of approximately 16.23 million yuan, representing 0.3643% of the total share capital[17] - The company reported a significant increase in financial expenses by 245.59% due to substantial exchange losses compared to the previous year[15] Future Projections - The company expects a net profit attributable to shareholders of the listed company to increase by 20.00% to 40.00%, estimating between 135.59 million and 158.19 million yuan for 2017[20]