LGWH(SH:601599)2025-10-28 08:35Financial Performance - The company's operating revenue for Q3 2025 was ¥893,329,149.54, a decrease of 1.84% compared to the same period last year[3] - The total profit for the period was ¥30,920,961.18, representing an increase of 18.37% year-on-year[3] - The net profit attributable to shareholders was ¥21,252,547.42, reflecting a significant increase of 35.01% compared to the previous year[3] - The net profit after deducting non-recurring gains and losses was ¥21,191,737.63, which is a substantial increase of 127.11% year-on-year[3] - The basic earnings per share for the period was ¥0.02, a 100% increase compared to the same period last year[4] - Total operating revenue for the first three quarters of 2025 reached RMB 2,743,327,552.19, an increase of 6.5% compared to RMB 2,575,919,740.56 in the same period of 2024[17] - Net profit for the first three quarters of 2025 was RMB 139,639,189.41, a slight increase from RMB 137,419,494.50 in 2024, reflecting a growth of 1.6%[18] - The total profit for the first three quarters of 2025 was RMB 190,023,047.94, slightly higher than RMB 187,494,030.86 in 2024, marking a growth of 0.8%[18] Assets and Liabilities - The total assets at the end of the period were ¥3,531,819,110.42, a decrease of 1.69% from the end of the previous year[4] - As of September 30, 2025, the company's total assets amounted to CNY 3,531,819,110.42, a decrease from CNY 3,592,640,924.01 at the end of 2024[13] - The company's cash and cash equivalents decreased to CNY 1,031,237,202.77 from CNY 1,225,683,537.22, reflecting a decline of approximately 15.8%[13] - Accounts receivable increased significantly to CNY 784,823,001.60, up from CNY 334,296,953.87, representing a growth of approximately 134%[13] - Inventory decreased to CNY 781,481,353.01 from CNY 869,242,676.59, indicating a reduction of about 10.1%[14] - Current liabilities totaled CNY 1,802,060,081.44, slightly down from CNY 1,842,857,363.50, a decrease of approximately 2.2%[14] - The company's total liabilities were CNY 1,989,300,250.73, down from CNY 2,055,153,223.38, reflecting a decrease of about 3.2%[15] - The total equity attributable to shareholders was CNY 1,518,802,789.05, showing a slight increase from CNY 1,514,474,178.77[15] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥120,184,078.98, indicating a decrease compared to the same period last year[3] - The company reported a net cash outflow from operating activities of RMB -120,184,078.98, compared to a minimal outflow of RMB -437,514.53 in the previous year[21] - Cash and cash equivalents at the end of the period stood at RMB 645,255,040.39, down from RMB 679,716,321.65 at the end of the same period in 2024[22] Profitability and Costs - Total operating costs increased to RMB 2,513,991,022.10, up 5.4% from RMB 2,385,617,331.51 year-on-year[17] - The company experienced a significant increase in other income, which totaled RMB 6,972,533.67, compared to RMB 28,352,109.55 in the previous year[17] - The company reported a decrease in comprehensive income, with a total of RMB 7,134,948.79 compared to RMB 136,418,564.09 in the previous year[18] - The basic and diluted earnings per share remained stable at RMB 0.12 for both 2025 and 2024[18] Strategic Initiatives - The company plans to expand its market presence and invest in new product development as part of its growth strategy[12] - The board of directors has proposed to dismiss an independent director due to inability to perform duties, which will be voted on at the upcoming shareholder meeting[12] - Research and development expenses increased to RMB 29,234,808.54, up from RMB 27,630,097.99, indicating a focus on innovation[17] Accounting Changes - The company will implement new accounting standards starting from 2025, which will involve adjustments to the financial statements at the beginning of the first execution year[23]