LBC(SH:600727)2020-10-29 16:00Financial Performance - Operating revenue for the first nine months was CNY 2,204,840,097.53, reflecting a year-on-year increase of 7.06%[7] - Net profit attributable to shareholders for the first nine months was CNY 192,593,214.94, a decrease of 5.06% compared to the same period last year[7] - Basic earnings per share for the reporting period was CNY 0.36, a decrease of 5.26% compared to the same period last year[8] - Total revenue for Q3 2020 reached ¥888,546,384.08, an increase of 9.2% compared to ¥813,247,773.27 in Q3 2019[24] - The net profit for the first three quarters of 2020 was ¥397,333,090.56, compared to ¥239,865,513.00 in the same period of 2019, indicating a significant increase of 65.8%[20] - Net profit for Q3 2020 was 88,775,334.74 CNY, compared to 94,225,488.49 CNY in Q3 2019, representing a decline of approximately 5.0%[26] - The total revenue for the first three quarters of 2020 reached CNY 1,784,699,034.97, compared to CNY 1,495,335,745.71 in the same period of 2019, indicating a growth of about 19.3%[32] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 127,141,945.03, a significant decline of 72.78% year-on-year[7] - Net cash flow from operating activities decreased by 72.78% to CNY 127,141,945.03 due to increased receivables and bill settlements[15] - Cash flow from operating activities for the first three quarters of 2020 was CNY 127,141,945.03, significantly lower than CNY 467,101,532.07 in the same period of 2019, showing a decline of about 72.8%[33] - Operating cash flow for the first three quarters of 2020 was CNY 162,520,821.73, a significant increase from CNY 70,137,510.75 in the same period of 2019, representing a growth of approximately 131.7%[34] - Total cash inflow from operating activities for the first three quarters of 2020 was CNY 556,496,858.16, slightly higher than CNY 552,960,103.62 in the same period of 2019[34] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 4,249,677,668.91, an increase of 2.68% compared to the end of the previous year[7] - Total current assets amounted to CNY 2,182,043,636.63, a slight increase from CNY 2,117,998,423.98 at the beginning of the year[18] - The company’s total liabilities increased, with accounts payable rising by 63.05% to CNY 596,340,299.79 due to goods not yet due for payment[14] - The company's total liabilities decreased to ¥1,460,360,740.23 from ¥1,545,984,009.37, a reduction of approximately 5.5%[20] Investments - Net cash flow from investing activities was CNY -591,827,025.51, primarily due to payments for equity transfers[15] - The company reported a significant increase in cash inflow from investment activities, totaling CNY 1,494,612,699.79 in the first three quarters of 2020, compared to CNY 501,898,530.71 in the same period of 2019, marking an increase of approximately 197.5%[33] - The company incurred a credit impairment loss of CNY 19,378.17 in Q3 2020, compared to CNY 41,696.53 in Q3 2019, indicating a reduction of approximately 53.6%[31] Shareholder Information - The total number of shareholders at the end of the reporting period was 31,527[12] - The largest shareholder, Shandong Lubai Enterprise Group, held 34.24% of the shares, with 73,715,283 shares pledged[12] Operational Metrics - The company reported a significant increase in retained earnings by 150.80% to CNY 261,887,185.45 due to profit growth and retained earnings from subsidiaries[14] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[24] - Research and development expenses for Q3 2020 were 6,208,415.27 CNY, compared to 7,028,041.60 CNY in Q3 2019, a decrease of approximately 11.6%[30] Other Financial Metrics - The weighted average return on equity decreased to 7.64%, down 0.39 percentage points from the previous year[8] - The company reported non-operating income from government subsidies amounting to CNY 2,424,641.85 for the first nine months[9] - The company experienced a net loss from non-operating activities of CNY 444,704.99 during the reporting period[10]