LFD(SH:600149)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 11,519,414.57, a decrease of 7.02% compared to the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 4,011,800.86, representing a decline of 174.01% year-on-year[5]. - The basic earnings per share for the current period was -0.011 CNY, down 176.92% from the previous year[6]. - Total operating revenue for the first three quarters of 2021 was CNY 96,390,822.55, a decrease of 6.3% compared to CNY 102,684,632.94 in the same period of 2020[19]. - Net profit for the third quarter was a loss of CNY 6,854,042.97, compared to a profit of CNY 10,882,676.19 in the same quarter of 2020[21]. - Basic and diluted earnings per share for the third quarter were both CNY -0.026, compared to CNY 0.008 in the same quarter of 2020[21]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 570,954,807.81, a decrease of 15.13% compared to the end of the previous year[6]. - The company's equity attributable to shareholders decreased by 5.79% to CNY 158,710,113.59 compared to the end of the previous year[6]. - Total assets decreased from 672,770,202.50 RMB at the end of 2020 to 570,954,807.81 RMB, a reduction of about 15.1%[16]. - The total liabilities amounted to CNY 324,956,692.78, a decrease from CNY 416,650,044.50 in the previous year[20]. - The total cash and cash equivalents at the end of the period were CNY 60,252,825.55, down from CNY 86,127,624.76 in the same quarter last year[23]. Cash Flow - The net cash flow from operating activities for the year-to-date was -45,842,122.20 CNY, indicating significant cash outflow[5]. - The company reported a net cash outflow from operating activities of CNY 45,842,122.20, an improvement from a net outflow of CNY 67,774,616.31 in the previous year[22]. - The net cash flow from investing activities was -CNY 30,233,918.81, compared to -CNY 12,006,303.29 in the previous year, indicating a significant increase in investment outflows[23]. - The net cash flow from financing activities was CNY 28,545,453.29, a decrease from CNY 33,914,735.41 year-over-year[23]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 30,043[12]. - The largest shareholder, Evergrande Real Estate Group Co., Ltd., holds 76,032,050 shares, accounting for 20.00% of total shares[12]. - The second-largest shareholder, Langfang Investment Holding Group Co., Ltd., holds 58,173,700 shares, representing 15.30% of total shares[12]. Cost and Expenses - Total operating costs increased to CNY 103,140,384.48, up 6.5% from CNY 96,553,382.18 year-over-year[19]. - The company incurred sales expenses of CNY 927,221.86, an increase of 34.7% from CNY 689,370.42 in the previous year[20]. - The company is facing increased coal prices, which will significantly raise the cost of coal procurement, and it plans to mitigate this impact through cost reduction and efficiency improvement measures[14]. Future Outlook and Strategies - The decline in net profit was primarily due to increased raw material costs and the impact of a subsidiary's liquidation in the previous period[9]. - The company is focusing on improving cash flow management and reducing operational costs to enhance financial stability moving forward[22]. - Research and development expenses were not specified but are critical for future product development and market expansion strategies[20].