LFX(SH:600612)2025-10-29 09:30Financial Performance - Total revenue for Q3 2025 reached CNY 14,645,610,096.66, an increase of 16.03% year-over-year[5] - Net profit attributable to shareholders was CNY 217,254,013.67, a decrease of 41.61% compared to the same period last year[5] - Total profit for the reporting period decreased by 36.28%, down by ¥215,303,906.42, primarily due to reduced profits from the subsidiary Shanghai Laofengxiang Co., Ltd.[10] - Net profit for the first three quarters of 2025 was CNY 1,837,925,105.30, a decline of 19.5% from CNY 2,282,336,317.49 in 2024[22] - The net profit attributable to the parent company's shareholders for the current period is approximately ¥1.44 billion, a decrease from ¥1.78 billion in the same period last year, representing a decline of about 19%[23] - The total comprehensive income attributable to the parent company's owners is approximately ¥1.44 billion, down from ¥1.78 billion, indicating a decrease of around 19%[23] Assets and Liabilities - The company's total assets increased by 9.50% to CNY 24,890,681,082.58 compared to the end of the previous year[6] - Current assets totaled CNY 23,582,231,948.61 as of September 30, 2025, compared to CNY 21,515,339,160.69 at the end of 2024, reflecting a growth of 9.6%[18] - Current liabilities increased to CNY 9,404,621,749.38 as of September 30, 2025, up from CNY 7,689,237,828.33 at the end of 2024, representing a rise of 22.3%[19] - The company's total equity attributable to shareholders increased by 2.90% to CNY 12,860,559,241.11 compared to the end of the previous year[6] - The company reported a total equity of CNY 15,122,147,421.00 as of September 30, 2025, compared to CNY 14,749,531,256.43 at the end of 2024, an increase of 2.5%[19] Cash Flow - Cash flow from operating activities decreased by 63.86% year-to-date, totaling CNY 2,365,936,870.36[5] - Operating cash flow net amount decreased by 63.86%, primarily due to a reduction in cash received from sales of goods and services[10] - The net cash flow from operating activities for the current period is approximately ¥2.37 billion, significantly lower than ¥6.55 billion in the same period last year, reflecting a decline of about 64%[27] - The total operating cash inflow for the current period is approximately ¥49.27 billion, compared to ¥56.71 billion in the previous year, indicating a decrease of about 13%[27] - The total operating cash outflow for the current period is approximately ¥46.90 billion, down from ¥50.17 billion in the same period last year, reflecting a decrease of about 6%[27] Expenses and Income - Research and development expenses decreased by 50.98%, down by ¥13,250,059.89, primarily due to reduced R&D spending by a subsidiary[10] - Research and development expenses for the first three quarters of 2025 were CNY 12,739,607.62, significantly lower than CNY 25,989,667.51 in the same period of 2024, a decrease of 51.0%[22] - Other income increased by 71.69%, with an increase of ¥146,540,202.82 attributed to government subsidies received by the company and its subsidiaries[10] - Fair value change income surged by 463.67%, increasing by ¥13,750,460.19, mainly due to gains from the fair value changes of financial assets[10] Borrowings and Financial Position - Short-term borrowings increased by 43.35%, totaling CNY 1,998,512,167.90, mainly due to a rise in borrowings from a subsidiary[9] - Long-term borrowings increased by ¥79,900,000.00, reflecting a 100% growth, primarily due to increased borrowings by a subsidiary[10] - Deferred tax liabilities rose by 91.64%, with an increase of ¥17,829,911.85, mainly due to temporary differences arising from fair value changes[10] - The company's financial expenses for the first three quarters of 2025 were CNY 122,114,923.29, slightly up from CNY 117,300,270.96 in 2024[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 45,712[13] - Basic and diluted earnings per share both fell by 41.61%, decreasing by ¥0.2959 per share[11] - The basic and diluted earnings per share for the current period are both ¥2.748, down from ¥3.395 in the same period last year, reflecting a decrease of approximately 19%[23]