LK(SH:600388)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥3,361,147,046.82, a decrease of 0.10% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2021 was ¥289,109,121.81, representing a decline of 21.86% year-on-year[6]. - The net profit after deducting non-recurring gains and losses was ¥249,625,036.68, down 22.60% from the previous year[9]. - The basic earnings per share for Q3 2021 was ¥0.27, a decrease of 22.86% compared to the same period last year[9]. - The company's total revenue for the first three quarters of 2021 reached 8.24 billion RMB, compared to 6.97 billion RMB in the same period of 2020, indicating a growth of approximately 18.25%[26]. - Net profit reached ¥700,477,373.98, a significant increase from ¥579,750,289.91, marking a growth of approximately 20.8%[30]. - The company reported a total comprehensive income of ¥699,592,760.59, compared to ¥579,676,109.54, reflecting an increase of about 20.6%[32]. - Basic earnings per share increased to ¥0.65 from ¥0.54, representing a growth of approximately 20.4%[32]. Assets and Liabilities - The total assets at the end of the reporting period were ¥26,836,756,527.16, an increase of 6.79% from the end of the previous year[9]. - As of September 30, 2021, the company's total assets amounted to 26.84 billion RMB, an increase from 25.13 billion RMB at the end of 2020[24]. - The company's total liabilities increased to approximately 19.97 billion RMB from 18.79 billion RMB at the end of 2020[26]. - Total liabilities stood at approximately $18.79 billion, indicating no change from the previous period[45]. - The company has a long-term debt of approximately $983.11 million, unchanged from the previous period[45]. Shareholder Equity - The equity attributable to shareholders at the end of the reporting period was ¥6,716,857,715.54, up 8.39% year-on-year[9]. - The company reported a total equity of approximately 6.86 billion RMB as of September 30, 2021, compared to 6.34 billion RMB at the end of 2020[26]. - Total equity attributable to shareholders reached approximately ¥6.20 billion[46]. - Total equity, including minority interests, was approximately ¥6.34 billion[46]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥348,607,160.13, a decrease of 35.55% compared to the same period last year[9]. - Cash flow from operating activities generated ¥348,607,160.13, down from ¥540,861,208.43, a decrease of approximately 35.5%[36]. - Total cash and cash equivalents at the end of the period decreased to $1.26 billion from $3.11 billion, reflecting a net decrease of $1.20 billion[38]. - Cash inflow from financing activities was $682.19 million, down from $1.41 billion in the previous period, showing a decline in financing received[38]. - The cash outflow for financing activities was $1.90 billion, compared to $2.76 billion in the previous period, showing a reduction in cash used for financing[38]. Operational Highlights - The company secured new engineering contracts worth 8.25 billion RMB in the first three quarters of 2021, representing a year-on-year increase of 10.48%, with a total backlog of 20.52 billion RMB[18]. - The company's accounts receivable increased to approximately 2.99 billion RMB from 2.67 billion RMB at the end of 2020[21]. - The company's inventory decreased to approximately 8.65 billion RMB from 9.23 billion RMB at the end of 2020[21]. - Long-term borrowings rose to approximately 2.01 billion RMB from 983.11 million RMB at the end of 2020[26]. - Total operating costs rose to ¥7,461,230,253.94, compared to ¥6,323,139,653.93, reflecting an increase of about 18.0%[30]. - Research and development expenses amounted to ¥321,936,191.80, up from ¥291,745,526.72, indicating an increase of about 10.3%[30]. - The company recorded a net investment income of ¥30,347,098.17, compared to a loss of ¥8,715,959.17 in the previous period[30].