LYCG(SH:600491)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥3,683,689,071.61, a decrease of 24.20% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2022 was ¥711,801,930.27, an increase of 264.15% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥71,048,221.00, a decrease of 141.20% compared to the same period last year[4]. - Basic earnings per share for Q3 2022 was ¥0.46, an increase of 253.85% year-on-year[5]. - Total operating revenue for the first three quarters of 2022 was CNY 11,610,064,132.14, a decrease of 23.4% compared to CNY 15,158,128,525.86 in the same period of 2021[19]. - Total operating costs for Q3 2022 were CNY 11.21 billion, a decrease from CNY 14.26 billion in Q3 2021, representing a reduction of approximately 21.5%[20]. - Net profit for Q3 2022 reached CNY 995.02 million, up from CNY 605.48 million in Q3 2021, indicating an increase of about 64.3%[21]. - The company reported a total profit of CNY 1.39 billion for Q3 2022, significantly higher than CNY 876.80 million in Q3 2021, marking an increase of about 58.5%[20]. - The company’s total comprehensive income for Q3 2022 was CNY 994.27 million, compared to CNY 615.95 million in Q3 2021, indicating an increase of approximately 61.5%[21]. Assets and Liabilities - Total assets at the end of Q3 2022 were ¥66,507,875,356.25, a decrease of 0.78% from the end of the previous year[5]. - Current assets totaled CNY 54,327,343,851.59 as of September 30, 2022, slightly down from CNY 54,426,151,614.27 at the end of 2021[16]. - The company's total assets were CNY 66,507,875,356.25, a slight decrease from CNY 67,027,801,818.87[18]. - Total liabilities decreased to CNY 52,396,805,306.25 from CNY 53,858,145,266.70, reflecting a decline of 2.7%[18]. - Non-current assets amounted to CNY 12,180,531,504.66, down from CNY 12,601,650,204.60, a decrease of 3.3%[17]. - The company's cash and cash equivalents decreased to CNY 2,277,015,769.79 from CNY 2,964,081,159.31, representing a decline of 23.2%[16]. - Accounts receivable stood at CNY 4,138,507,406.94, down from CNY 4,512,824,341.44, indicating a reduction of 8.3%[16]. - The company reported a decrease in short-term borrowings to CNY 4,276,962,723.39 from CNY 4,412,911,532.41, a reduction of 3.1%[17]. Cash Flow - The company reported a cash flow from operating activities of -¥1,296,278,631.95 for the year-to-date period[4]. - The company reported a net cash flow from operating activities of -CNY 1.30 billion for the first nine months of 2022, an improvement from -CNY 1.61 billion in the same period of 2021[24]. - Cash and cash equivalents at the end of Q3 2022 stood at CNY 1.52 billion, down from CNY 2.04 billion at the end of Q3 2021, reflecting a decrease of approximately 26.0%[25]. - Investment activities generated a net cash inflow of CNY 734.20 million in Q3 2022, compared to CNY 490.96 million in Q3 2021, an increase of approximately 49.6%[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 38,695[11]. - The largest shareholder, Lai Zhenyuan, holds 413,895,952 shares, accounting for 27.0% of total shares[11]. - The top ten shareholders include several related parties, indicating potential influence on company decisions[12]. - The company has not disclosed any related party transactions among the top ten shareholders beyond familial relationships[12]. - The company has not reported any financing or margin trading activities during the reporting period[12]. Goodwill and Acquisitions - The goodwill increased by 73.71% due to the acquisition of Zhejiang Jinkun Company by subsidiary Longyuan Shenghong[8]. - The goodwill increased to CNY 95,328,285.26 from CNY 54,878,285.26, reflecting an increase of 73.7%[17]. Guarantees and Contracts - The company has secured new business contracts totaling 7.065 billion RMB from January to September 2022[13]. - The company approved a maximum guarantee amount of 3.837 billion RMB for its subsidiaries during the annual shareholders' meeting[14]. - The company adjusted the unused guarantee amounts for its subsidiaries, reallocating a total of 639.9 million RMB[14]. - The company provided a guarantee of 375 million RMB for loans to Weifang Mingbo and other subsidiaries[14]. Audit and Financial Statements - The financial statements for the third quarter of 2022 are not subject to audit opinions[15].