LZCIC(SH:600423)2021-10-22 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 30,502,515.40, representing a year-on-year increase of 28.24%[6] - The net profit attributable to shareholders for the same period was CNY 4,000,920.85, reflecting a year-on-year increase of 5.79%[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 4,003,255.08, with a year-on-year increase of 4.02%[6] - The company reported a net profit of CNY 25.30 million for the first nine months of 2021, with a net cash flow from operating activities of CNY 6.60 million, indicating some improvement in operational conditions[14] - The company's revenue for the first three quarters of 2021 reached CNY 90.35 million, up from CNY 67.43 million in the same period of 2020, representing a growth of approximately 33.9%[19] - The company's operating profit for Q3 2021 was ¥24,808,028.85, compared to a loss of ¥1,317,812.27 in Q3 2020[21] - Total profit for Q3 2021 reached ¥25,304,010.75, while the total loss in Q3 2020 was ¥1,595,772.53[21] - The net profit for Q3 2021 was ¥25,304,010.75, with no net loss reported for the same period in 2020[21] Assets and Liabilities - The total assets at the end of the reporting period were CNY 490,472,134.03, an increase of 4.50% compared to the end of the previous year[7] - The equity attributable to shareholders at the end of the reporting period was CNY 418,927,611.39, up 6.62% from the end of the previous year[7] - As of September 30, 2021, total assets amounted to CNY 490.47 million, an increase from CNY 469.37 million at the end of 2020[17] - The company’s total liabilities as of September 30, 2021, were CNY 71.54 million, a decrease from CNY 76.45 million at the end of 2020[18] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 6,596,184.49[6] - The net cash flow from operating activities showed a substantial improvement, with a year-on-year increase of 104.68%[10] - Cash flow from operating activities for the first nine months of 2021 was ¥105,620,292.38, significantly up from ¥43,336,710.51 in the same period of 2020[24] - The net cash flow from operating activities for the first nine months of 2021 was ¥6,596,184.49, recovering from a net outflow of ¥140,969,430.14 in the previous year[24] - The total cash outflow from operating activities in the first nine months of 2021 was ¥99,024,107.89, down from ¥184,306,140.65 in the previous year[24] Shareholder Information - The company has a total of 23,591 common shareholders at the end of the reporting period[12] Inventory and Costs - Operating costs for the first three quarters of 2021 were CNY 69.01 million, compared to CNY 51.51 million in the previous year, reflecting an increase of about 34.0%[19] - The company’s inventory as of September 30, 2021, was CNY 2.33 million, an increase from CNY 1.42 million at the end of 2020[16] Financial Ratios - The weighted average return on equity for the year-to-date was 6.24%, an increase of 6.66 percentage points compared to the previous year[6] - The company’s gross profit margin for the first three quarters of 2021 was approximately 23.5%, compared to 23.5% in the same period of 2020[19] Financial Expenses - The company reported a significant increase in financial expenses, with a net financial expense of CNY -9.97 million for the first three quarters of 2021, compared to CNY -3.17 million in the previous year[19] Legal Matters - The company faced litigation with a total claim amount of CNY 100.60 million, which accounts for 25.60% of the latest audited net assets[15] Cash and Cash Equivalents - The company’s cash and cash equivalents as of September 30, 2021, were CNY 386.99 million, compared to CNY 354.19 million at the end of 2020[16] - The cash and cash equivalents at the end of Q3 2021 totaled ¥358,850,856.72, compared to ¥341,706,322.79 at the end of Q3 2020[25] Business Developments - The company did not report any new product or technology developments during the conference call[21] - There were no announcements regarding market expansion or mergers and acquisitions in the Q3 2021 report[21]