LK(SH:600388)2020-10-30 16:00Financial Performance - Net profit attributable to shareholders of the listed company was ¥572,779,643.06, representing a year-on-year increase of 2.72%[11]. - Operating revenue for the first nine months was ¥6,965,710,566.98, a decrease of 11.43% compared to the same period last year[11]. - Basic and diluted earnings per share were both ¥0.54, an increase of 3.85% compared to the previous year[11]. - Total revenue for Q3 2020 was approximately ¥3.36 billion, a decrease of 1.8% compared to ¥3.43 billion in Q3 2019[44]. - Operating profit for Q3 2020 reached ¥446.71 million, up 36% from ¥328.14 million in Q3 2019[47]. - Net profit for Q3 2020 was ¥375.37 million, an increase of 33% compared to ¥282.38 million in Q3 2019[47]. - The total comprehensive income attributable to the parent company for Q3 2020 was approximately ¥371.29 million, compared to ¥278.24 million in Q3 2019, marking an increase of about 33.5%[54]. - The total comprehensive income for the first three quarters of 2020 was approximately ¥579.68 million, compared to ¥562.31 million in the same period of 2019, showing a slight increase of about 3.1%[54]. Cash Flow - Net cash flow from operating activities for the first nine months was ¥540,861,208.43, a significant recovery from a negative cash flow of ¥622,993,441.61 in the previous year[11]. - The cash flow from operating activities improved to ¥540,861,208.43 from a negative cash flow of ¥622,993,441.61 in the previous period[23]. - Total operating cash inflow for the first three quarters of 2020 reached ¥6,223,368,366.11, up from ¥5,429,968,759.51 in 2019, representing an increase of approximately 14.6%[59]. - The total cash outflow for operating activities in Q3 2020 was ¥5,682,507,157.68, down from ¥6,052,962,201.12 in Q3 2019, indicating improved operational efficiency[59]. - Cash inflow from financing activities totaled 2,769,160,150.00 CNY, slightly up from 2,699,071,315.07 CNY, marking a 2.6% increase[63]. - The net cash flow from financing activities was 418,623,908.85 CNY, compared to 328,658,666.67 CNY previously, representing a 27.4% increase[63]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥24,972,798,148.63, an increase of 15.71% compared to the end of the previous year[11]. - The company’s total liabilities saw a significant increase, with current liabilities due within one year rising by 159.42% to ¥267,381,401.80 from ¥103,070,445.76[21]. - Total liabilities amounted to ¥18.79 billion, compared to ¥15.80 billion, showing an increase of about 19%[34]. - The company’s long-term borrowings decreased to ¥988.51 million from ¥1.17 billion, a reduction of approximately 15%[34]. - Current liabilities rose to 15,927,578,533.42 CNY, an increase of 1,744,547,573.23 CNY compared to the prior period[68]. - Total liabilities decreased from ¥17,546,536,796.01 to ¥15,801,989,222.78, a reduction of ¥1,744,547,573.23[71]. Shareholder Information - The total number of shareholders at the end of the reporting period was 78,525[14]. - The largest shareholder, Longjing Industrial Group Co., Ltd., held 18.09% of the shares, with a total of 193,375,544 shares[14]. - The company’s equity attributable to shareholders increased to ¥6.04 billion from ¥5.71 billion, reflecting a growth of approximately 6%[34]. - The total equity increased from ¥5,482,082,662.37 to ¥5,781,021,705.86, an increase of ¥298,939,043.49[71]. Investments and Expenses - Research and development expenses for Q3 2020 were ¥127.37 million, a decrease of 11.2% from ¥143.38 million in Q3 2019[44]. - The total cost of goods sold for Q3 2020 was approximately ¥2.58 billion, down from ¥2.73 billion in Q3 2019, indicating a reduction of 5.5%[44]. - The company reported a tax expense of ¥70.17 million for Q3 2020, compared to ¥42.67 million in Q3 2019, reflecting a significant increase of 64.5%[47]. - The company experienced a credit impairment loss of approximately ¥19.68 million in Q3 2020, compared to a loss of ¥18.02 million in Q3 2019, indicating a slight increase in credit risk[53].