LYCG(SH:600491)2021-10-28 16:00Financial Performance - The company's operating revenue for the third quarter reached ¥4,859,599,717.72, representing a year-on-year increase of 1.78%[4] - The net profit attributable to shareholders was ¥195,467,805.50, reflecting a year-on-year growth of 4.22%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥172,450,806.73, which increased by 9.66% compared to the same period last year[4] - The basic earnings per share for the quarter was ¥0.13, up by 8.33% year-on-year[4] - The diluted earnings per share also stood at ¥0.13, reflecting an increase of 8.33% compared to the same period last year[4] - The company's total comprehensive income for the third quarter of 2021 was ¥615,950,026.51, compared to ¥584,637,239.69 in the same quarter of 2020, reflecting an increase of approximately 5.00%[21] - Net profit for the third quarter of 2021 was ¥605,476,664.30, compared to ¥574,675,900.52 in the third quarter of 2020, reflecting an increase of about 5.00%[20] - Basic earnings per share for the third quarter of 2021 were ¥0.40, compared to ¥0.37 in the same quarter of 2020, showing an increase of approximately 8.11%[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥64,653,143,191.25, showing a growth of 3.38% from the end of the previous year[5] - The total liabilities as of the end of the third quarter of 2021 amounted to ¥51,587,606,571.13, up from ¥50,019,423,555.01 at the end of the previous year, indicating a growth of approximately 3.14%[18] - The total equity attributable to shareholders of the parent company increased to ¥11,997,739,016.12 from ¥11,374,781,012.62, reflecting a growth of about 5.48%[18] - The total non-current liabilities as of the end of the third quarter of 2021 were ¥20,186,357,629.88, an increase from ¥17,681,385,138.62 at the end of the previous year, indicating a growth of about 8.50%[18] - The company reported a significant decrease in inventory, which fell to RMB 34.383 million from RMB 704.071 million at the end of 2020[16] - The company’s long-term equity investments increased to RMB 844.105 million from RMB 754.088 million at the end of 2020[16] - The total current assets amounted to 29,716,981,760.13 RMB, a decrease from 50,854,523,795.13 RMB year-over-year[29] - Total liabilities amounted to ¥50,019,423,555.01, with current liabilities at ¥32,338,038,416.39 and non-current liabilities at ¥17,681,385,138.62[30] Cash Flow - The cash flow from operating activities showed a net outflow of ¥1,606,261,404.59 for the year-to-date period[4] - The company's cash flow from operating activities for the first three quarters of 2021 was ¥12,205,333,659.72, compared to ¥10,646,804,586.27 in the same period of 2020, marking an increase of about 14.63%[24] - The net cash flow from operating activities was -1,606,261,404.59 RMB, a decrease compared to 233,065,167.61 RMB in the previous year[25] - Total cash inflow from operating activities reached 18,516,559,387.53 RMB, up from 15,526,709,599.48 RMB year-over-year[25] - Cash outflow from operating activities increased to 20,122,820,792.12 RMB, compared to 15,293,644,431.87 RMB in the same period last year[25] - The net cash flow from investing activities was 490,958,390.17 RMB, a significant improvement from -3,665,783,077.26 RMB in the previous year[25] - Cash inflow from financing activities totaled 6,698,282,076.41 RMB, down from 9,493,651,371.01 RMB year-over-year[26] - The net cash flow from financing activities was 475,844,852.26 RMB, compared to 4,180,057,006.02 RMB in the previous year[26] Company Changes and Governance - The company appointed Mr. Lai Chaohui as the chairman of the board, effective from October 28, 2021[13] - The company has not disclosed any related party transactions among the top ten shareholders[12] - The company has not engaged in any financing or securities lending activities during the reporting period[12] - The company implemented new leasing standards effective January 1, 2021, impacting financial statement adjustments[31] Research and Development - Research and development expenses for the first three quarters of 2021 totaled ¥81,464,809.70, up from ¥64,681,126.11 in the same period of 2020, representing a growth of approximately 25.77%[19]