LFD(SH:600149)2019-10-30 16:00Financial Performance - Operating revenue increased by 235.61% to CNY 102,810,171.44 for the period from January to September[7] - Net profit attributable to shareholders was a loss of CNY 4,321,445.78, an improvement from a loss of CNY 11,290,732.71 in the same period last year[7] - The weighted average return on net assets was -2.12%, improving from -5.68% year-on-year[7] - The basic earnings per share was CNY -0.0114, an improvement from CNY -0.0297 in the same period last year[7] - Total operating revenue for Q3 2019 was ¥12,809,989.01, a decrease from ¥30,633,984.17 in Q3 2018[24] - Net loss for Q3 2019 was ¥3,222,477.45, compared to a net loss of ¥11,350,319.01 in Q3 2018[25] - Total profit (loss) for Q3 2019 was -¥3,275,149.27, compared to -¥11,350,319.01 in the same period of 2018[25] - The company reported an investment income of ¥1,835,864.99 for the first three quarters of 2019, compared to a loss of ¥884,310.82 in the same period of 2018[24] Cash Flow - The net cash flow from operating activities was negative at CNY -51,539,266.52, compared to CNY -12,588,168.14 in the previous year[7] - Cash received from sales and services amounted to ¥595.24 million, reflecting a 74.96% increase from ¥340.20 million in the previous year[12] - Operating cash flow for the first nine months of 2019 was -51,539,266.52 CNY, worsening from -12,588,168.14 CNY in the previous year[33] - Cash outflow from operating activities totaled 120,162,998.75 CNY, compared to 49,427,937.97 CNY in the previous year[33] - The company paid 15,142,737.02 CNY in cash to employees during the first nine months of 2019, significantly higher than 3,234,331.13 CNY in the previous year[32] - The cash inflow from financing activities was 30,000,000.00 CNY, while cash outflow was 215,174.44 CNY, resulting in a net cash flow of 29,784,825.56 CNY[33] Assets and Liabilities - Total assets decreased by 5.53% to CNY 656,641,121.57 compared to the end of the previous year[7] - Total liabilities decreased from CNY 435,186,777.05 to CNY 394,375,151.25, reflecting a reduction of about 9.4%[18] - The company's total equity increased slightly from CNY 259,908,349.08 to CNY 262,265,970.32, indicating a growth of approximately 1.4%[19] - Current liabilities totaled CNY 110,284,901.28, down from CNY 147,614,263.52, marking a decrease of about 25.3%[18] - Non-current assets totaled CNY 510,802,995.90, a decrease from CNY 530,894,364.93, representing a decline of approximately 3.8%[18] - The company reported an accumulated deficit of CNY -330,661,675.18 as of September 30, 2019, compared to CNY -326,340,229.40 at the end of 2018[19] Shareholder Information - The total number of shareholders was 37,496, with the top ten shareholders holding significant stakes[10] - Evergrande Group held 20.00% of shares, while Langfang Investment Holding Group held 15.30%, with a portion of shares frozen[10] Operational Costs - The operating costs for the same period were ¥810.28 million, up 165.41% from ¥305.29 million in 2018, primarily due to the consolidation of a subsidiary's heating business[11] - Management expenses for Q3 2019 were ¥6,021,972.18, significantly higher than ¥7,678,461.76 in Q3 2018[24] - The company incurred financial expenses of -¥1.04 million, a reduction of 144.97% compared to ¥2.32 million in the previous year, indicating lower borrowing costs[11] Investment Activities - The company made a significant increase in prepayments, totaling ¥22.74 million, up 2307.48% from ¥0.94 million at the beginning of the year, primarily for raw material purchases[11] - The total investment cash outflow was 12,490,093.52 CNY, compared to 133,458.77 CNY in the same period last year[33] - Investment activities resulted in a net cash outflow of $5.26 million, primarily due to cash payments for fixed assets totaling $5.26 million[36]