LK(SH:600388)2022-10-18 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥2,588,937,043.88, a decrease of 22.97% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2022 was ¥254,328,085.68, down 12.03% year-on-year[5]. - The basic earnings per share for Q3 2022 was ¥0.23, reflecting a decline of 13.74% compared to the previous year[9]. - Total operating revenue for the first three quarters of 2022 was CNY 7,477,732,033.29, a decrease of 9.2% compared to CNY 8,236,735,615.44 in the same period of 2021[31]. - Net profit attributable to shareholders of the parent company for the first three quarters of 2022 was CNY 636,082,833.53, a decrease of 8.2% compared to CNY 693,112,928.06 in 2021[32]. - Net profit for the first three quarters of 2022 was CNY 701,429,106.63, a decline of 31.3% from CNY 1,020,603,865.53 in the previous year[51]. Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥26,976,603,019.13, showing a slight increase of 0.25% from the end of the previous year[9]. - The company's total liabilities as of the end of the reporting period were CNY 19,618,679,431.70, a slight decrease from CNY 19,885,193,999.32 in the previous period[29]. - The total equity attributable to shareholders of the parent company increased to CNY 7,201,565,038.95 from CNY 6,887,767,299.21, reflecting a growth of 4.5%[29]. - The company's total assets decreased to CNY 22,588,069,011.89 from CNY 23,927,856,360.42, a decrease of 5.6%[46]. - Total liabilities decreased to CNY 16,127,438,068.82 from CNY 17,898,642,438.07, a reduction of 9.9%[46]. Cash Flow - The net cash flow from operating activities decreased by 26.21% year-on-year, totaling ¥257,220,615.31[5]. - In the first three quarters of 2022, the cash inflow from operating activities was CNY 5,405,426,971.63, a decrease of 3.81% compared to CNY 5,619,521,351.79 in the same period of 2021[36]. - The net cash flow from operating activities for the first three quarters of 2022 was CNY 257,220,615.31, down 26.19% from CNY 348,607,160.13 in 2021[36]. - The cash inflow from investment activities totaled CNY 3,637,737,911.46, an increase of 35% compared to CNY 2,696,317,508.66 in the previous year[38]. - The net cash flow from investment activities was CNY 107,681,595.29, a significant improvement from a negative CNY 2,236,798,124.24 in the same period of 2021[38]. - The cash outflow from financing activities was CNY 2,433,517,723.43, compared to CNY 1,898,334,679.07 in the previous year, indicating an increase of 28.19%[39]. - The net cash flow from financing activities was negative CNY 672,917,723.43, contrasting with a positive CNY 682,189,920.93 in the same period of 2021[39]. Investments and Projects - The company signed an investment contract for a lithium iron phosphate energy storage cell project with a total investment of approximately RMB 2 billion, aiming for a production capacity of 5GWh[19]. - A joint venture was established with Liangdao (Xiamen) New Energy Technology Co., with a registered capital of RMB 100 million, focusing on a lithium battery energy storage system with an annual production capacity of 6GWh[19]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 370,065,428.53, an increase of 15% compared to CNY 321,936,191.80 in 2021[31]. - Research and development expenses increased to CNY 217,485,229.48, up 21.7% from CNY 178,674,197.29 in the same period of 2021[49]. Other Financial Metrics - The company reported a significant increase of 506.24% in long-term payables, attributed to financing lease liabilities[12]. - The company experienced a 44.70% increase in long-term receivables due to increased amounts receivable from Xi'an Longjing[12]. - The company reported a decrease of 80.24% in minority shareholders' profit, indicating a reduction in earnings from non-wholly owned subsidiaries[12]. - The company's cash and cash equivalents were RMB 2.17 billion, down from RMB 2.38 billion at the end of 2021[20]. - The company's non-current assets totaled RMB 7.52 billion, up from RMB 6.95 billion at the end of 2021, reflecting a growth of approximately 8.1%[24]. - The company's cash flow management strategies are being enhanced to improve liquidity and operational efficiency[52].