LMZ(SH:600249)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 881,775,177.12, a decrease of 1.44% year-on-year[7] - Net profit attributable to shareholders increased by 263.51% to CNY 7,798,588.46 compared to the same period last year[7] - Basic earnings per share rose by 264.10% to CNY 0.0142[7] - Total revenue for Q3 2019 was ¥275,357,304.20, a decrease of 10.3% compared to ¥307,050,333.78 in Q3 2018[30] - Net profit for Q3 2019 was a loss of ¥31,440,397.69, compared to a profit of ¥10,596,613.11 in Q3 2018, indicating a significant decline[31] - Total profit for Q3 2019 was CNY 8,257,747.20, a decrease of 63.5% from CNY 22,668,892.50 in Q3 2018[36] - Investment income for Q3 2019 was CNY 13,835,204.82, down 57.1% from CNY 32,277,586.21 in Q3 2018[36] Cash Flow - Cash flow from operating activities for the first nine months was CNY 36,578,872.78, compared to a negative cash flow of CNY -5,505,561.24 in the previous year[7] - The net cash flow from operating activities improved by ¥42,084,434.02, moving from a negative cash flow of ¥5,505,561.24 to a positive cash flow[20] - The net cash flow from investing activities increased by ¥49,663,949.05, also moving from a negative cash flow of ¥8,402,614.19 to a positive cash flow[20] - The net cash flow from operating activities for the first three quarters of 2019 was CNY 36,578,872.78, compared to a net outflow of CNY 5,505,561.24 in the same period of 2018[39] - The net cash flow from investment activities was 69,924,111.68 RMB, significantly higher than 17,069,431.90 RMB in Q3 2018[42] - The net cash flow from financing activities was -9,881,106.92 RMB, an improvement from -26,749,236.11 RMB in Q3 2018[42] Assets and Liabilities - Total assets decreased by 2.66% to CNY 2,464,240,176.87 compared to the end of the previous year[7] - Current assets totaled CNY 951,025,802.33, compared to CNY 831,017,005.66 in the previous year, reflecting an increase of approximately 14.5%[25] - Non-current assets decreased to CNY 1,513,214,374.54 from CNY 1,700,485,983.26, representing a decline of about 11%[25] - Total liabilities were CNY 796,120,173.46, down from CNY 852,876,355.64, indicating a reduction of approximately 6.6%[26] - Current liabilities decreased to CNY 659,633,603.76 from CNY 721,474,381.27, a decline of about 8.5%[26] - The company's total liabilities saw a dramatic increase in notes payable, which rose by 2067.05% to ¥41,355,665.40[16] Shareholder Information - The total number of shareholders as of the report date was 54,570[13] - The largest shareholder, Guangxi Liuzhou Industrial Investment Development Group Co., Ltd., holds 33.34% of the shares[13] Other Financial Metrics - Government subsidies recognized in the first nine months amounted to CNY 6,582,833.51[11] - Non-recurring gains and losses totaled CNY -3,973,778.51 for the first nine months[12] - The company's undistributed profits rose by ¥92,463,295.72, marking a significant increase of 157.35% compared to the previous year[16] - The company's income tax expense surged by 461.26%, amounting to ¥19,048,575.43, due to increased stock market valuations[19] - The company's construction in progress increased by ¥581,884.74, reflecting a growth of 46.86%[16] - Research and development expenses for the first three quarters of 2019 were ¥7,693,021.37, up from ¥6,638,432.68 in the same period of 2018, showing an increase of 15.9%[31] Financial Reporting Changes - The company adopted new financial instrument standards starting January 1, 2019, impacting the classification of financial assets[53] - Adjustments were made to the financial statement format in accordance with the Ministry of Finance's guidelines[53] - The company did not apply retrospective adjustments for prior comparative data under the new leasing standards[54] - The report indicates no applicable audit report for the current financial period[54] - The company has maintained a consistent approach to financial reporting, ensuring compliance with updated regulations[53]