LEP(SH:600644)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months increased by 3.00% to CNY 1,645,071,608.63 compared to the same period last year[6] - Net profit attributable to shareholders grew by 5.98% to CNY 174,365,430.85 year-over-year[6] - Net profit after deducting non-recurring gains and losses surged by 29.02% to CNY 151,668,326.66 compared to the previous year[6] - Basic and diluted earnings per share increased by 5.98% to CNY 0.3239[6] - Total operating revenue for Q3 2020 was approximately ¥580.51 million, an increase of 8.9% compared to ¥533.03 million in Q3 2019[24] - Net profit for Q3 2020 reached approximately ¥80.92 million, representing a 55.2% increase from ¥52.16 million in Q3 2019[25] - Total profit for the first three quarters of 2020 was approximately ¥194.20 million, a 5.5% increase from ¥183.78 million in the same period of 2019[25] - The company reported a net loss of CNY -360,523,979.68, an improvement from CNY -538,195,678.86 in the previous year[18] Assets and Liabilities - Total assets increased by 5.60% to CNY 3,993,971,081.02 compared to the end of the previous year[6] - Non-current assets totaled CNY 3,301,727,568.00, an increase from CNY 3,172,969,820.73, reflecting a growth of 4.06%[17] - Current liabilities rose to CNY 1,312,253,331.66, compared to CNY 1,233,073,154.43, marking an increase of 6.43%[17] - Total liabilities amounted to CNY 2,101,863,782.60, slightly up from CNY 2,076,408,104.97, indicating a growth of 1.23%[18] - Total current assets reached CNY 975,632,444.03, compared to CNY 755,196,426.30, indicating an increase of 29.19%[20] - Long-term borrowings decreased to CNY 414,231,845.00 from CNY 494,600,370.00, a decline of 16.24%[18] - Total liabilities amounted to CNY 2,076,408,104.97, with a slight decrease of CNY 2,112,774.31 compared to the previous period[39] Shareholder Information - Net assets attributable to shareholders rose by 12.06% to CNY 1,661,377,843.85 year-over-year[6] - The total number of shareholders reached 27,080 by the end of the reporting period[9] - The largest shareholder, Leshan State-owned Assets Investment Operation Group Co., Ltd., holds 19.24% of the shares[9] - Shareholders' equity increased to CNY 1,892,107,298.42 from CNY 1,705,801,413.18, showing a growth of 10.92%[18] Cash Flow - The company reported a net cash flow from operating activities of CNY 155,948,208.46, a decrease of 38.33% compared to the same period last year[6] - Cash flow from operating activities for the first nine months of 2020 was 1,935,933,023.67, down from 2,013,405,814.26 in the same period of 2019, representing a decline of approximately 3.8%[32] - Cash inflow from financing activities totaled CNY 1,348,984,231.30, slightly up from CNY 1,341,332,277.78 in the same period last year[35] - Cash outflow from investment activities was CNY 103,264,875.86, significantly reduced from CNY 232,360,810.94 in 2019, resulting in a net cash flow from investment activities of -CNY 99,422,671.20[34] Inventory and Receivables - Accounts receivable increased by 50.08% to ¥109,441,652.12 due to increased overdue payments from users affected by floods[12] - Inventory rose by 62.68% to ¥101,833,522.48, primarily due to the increase in agricultural network projects and low-voltage projects[12] - Contract assets surged by 164.03% to ¥73,694,390.36, driven by the growth in sewage project installation business[12] - Accounts receivable increased to CNY 27,104,916.13 from CNY 12,141,617.92, reflecting a growth of 123.73%[20] Financial Expenses - Financial expenses increased by 64.57% to ¥28,650,325.61, mainly due to increased financing scale and interest expenses[13] - The company’s financial expenses for Q3 2020 were approximately ¥9.23 million, an increase from ¥7.24 million in Q3 2019, primarily driven by interest expenses[24] Operational Changes - The company completed capital increases for its wholly-owned subsidiaries, enhancing its operational capacity[14] - The company has implemented new revenue and leasing standards starting from 2020, which may impact future financial reporting and performance metrics[35] - The company reported a retained earnings deficit of CNY -538,195,678.86, which improved by CNY 3,306,268.33[39]