LK(SH:600388)2019-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 7,864,718,756.03, a 39.01% increase year-on-year[18] - Net profit attributable to shareholders was CNY 557,620,539.94, reflecting a 5.24% increase compared to the same period last year[18] - The company reported a basic earnings per share of CNY 0.52, up 4.00% from CNY 0.50 in the previous year[18] - Total operating revenue for Q3 2019 reached ¥3,426,769,614.58, a 42% increase from ¥2,415,005,747.65 in Q3 2018[48] - Net profit for Q3 2019 was ¥282,377,813.94, compared to ¥281,218,933.43 in Q3 2018, reflecting a slight increase[50] - The company's operating revenue for Q3 2019 was approximately ¥2.10 billion, a slight increase from ¥2.04 billion in Q3 2018, representing a growth of about 8.5%[52] - The total comprehensive income attributable to the parent company for Q3 2019 was approximately ¥278.24 million, compared to ¥280.94 million in Q3 2018, showing a slight decrease of 1.0%[52] Cash Flow - The net cash flow from operating activities for the first nine months was CNY -622,993,441.61, showing a significant decline compared to CNY -201,227,504.85 in the previous year[18] - The company's cash flow from operating activities remains a concern, indicating potential liquidity issues moving forward[18] - Operating cash inflow totaled CNY 5,429,968,759.51, an increase from CNY 4,708,221,400.96 in the previous period[60] - Operating cash outflow amounted to CNY 6,052,962,201.12, compared to CNY 4,909,448,905.81 previously, resulting in a net cash flow from operating activities of -CNY 622,993,441.61[60] - Cash inflow from financing activities reached CNY 3,548,084,984.23, up from CNY 2,887,699,933.25 in the prior period[62] - Cash and cash equivalents at the end of the period were CNY 2,217,805,160.25, down from CNY 1,268,951,697.90[62] Assets and Liabilities - Total assets increased by 9.98% to CNY 20,736,301,728.93 compared to the end of the previous year[18] - Non-current assets totaled CNY 4,141,218,860.05, up from CNY 3,500,020,710.73, reflecting a growth of about 18.36%[39] - Current liabilities rose to CNY 13,652,806,588.88 from CNY 12,971,920,192.62, indicating an increase of approximately 5.27%[39] - Total liabilities reached CNY 15,169,192,947.52, up from CNY 13,765,010,729.54, indicating a growth of about 10.21%[39] - The company's total equity increased to CNY 5,567,108,781.41 from CNY 5,088,905,516.95, reflecting a rise of approximately 9.39%[39] Operating Costs and Expenses - The company's operating costs rose by 47.25% to CNY 621,117.45 million, corresponding to the increase in revenue[36] - The financial expenses surged by 148.89% to CNY 11,052.88 million due to increased interest expenses from external financing[36] - Research and development expenses for Q3 2019 amounted to ¥143,379,738.11, an increase of 26% from ¥113,420,873.94 in Q3 2018[48] - The company's total operating costs for Q3 2019 were approximately ¥1.79 billion, up from ¥1.56 billion in Q3 2018, indicating an increase of about 14.9%[55] Shareholder Information - The largest shareholder, Longjing Industrial Group Co., Ltd., holds 18.09% of the shares, with a total of 193,375,544 shares[22] - The company has not experienced any changes in its controlling shareholder during the reporting period[24] Future Outlook - The company plans to expand its market presence and invest in new technologies to drive future growth[48]