LSGC(SH:600738)2020-10-19 16:00Financial Performance - Operating revenue for the first nine months dropped by 43.59% to CNY 769,874,246.76 year-on-year[6] - Net profit attributable to shareholders decreased by 60.84% to CNY 79,435,269.85 compared to the same period last year[6] - Basic earnings per share fell by 60.23% to CNY 0.103[6] - Total profit for the first three quarters of 2020 was ¥116,652,793.04, down 57.5% from ¥274,255,101.13 in the same period of 2019[32] - The company reported a net profit of CNY 451,473,395.07, compared to CNY 372,038,125.22 in the previous period[25] - Net profit for Q3 2020 was ¥23,832,170.95, a decline of 71.7% from ¥84,320,848.38 in Q3 2019[32] - The company's total comprehensive income for Q3 2020 was -788.49 million RMB, compared to a net profit of 59.64 million RMB in Q3 2019[37] Assets and Liabilities - Total assets decreased by 6.60% to CNY 3,473,839,888.95 compared to the end of the previous year[6] - Total liabilities decreased to CNY 1,796,297,217.68 from CNY 2,121,178,871.33[24] - The company's equity attributable to shareholders increased to CNY 1,677,542,671.27 from CNY 1,598,107,401.42[25] - Total current liabilities were CNY 1,314,242,612.98, down from CNY 1,638,723,716.41[24] - Total liabilities reached CNY 1,191,208,668.76, including current liabilities of CNY 941,208,668.76 and non-current liabilities of CNY 250,000,000.00[48] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY -85,733,936.78 for the first nine months[6] - The net cash flow from operating activities decreased by CNY 43.99 million compared to the previous year, primarily due to reduced income from operations influenced by the COVID-19 pandemic[19] - The cash flow from operating activities for the first three quarters of 2020 was -85.73 million RMB, compared to -41.74 million RMB in the same period of 2019[39] - The net cash flow from operating activities for the first three quarters of 2020 was -110,497,512.21 RMB, a significant decline compared to 100,018,052.03 RMB in the same period of 2019[41] Inventory and Receivables - Inventory decreased significantly by 87.38% to CNY 186,622,596.40 compared to the end of the previous year[13] - Accounts receivable decreased by 32.42% to CNY 551,502.76 compared to the end of the previous year[13] - The company's inventory decreased by CNY 1.29 billion, a drop of 87.38%, mainly due to the completion of the "Asia-Europe International" project[14] - Accounts receivable stood at CNY 551,502.76, a significant drop from CNY 816,073.00[23] Financial Expenses - The company reported a significant increase in financial expenses, rising by CNY 7.55 million or 48.79% year-on-year, attributed to increased bank loan interest expenses[18] - The company incurred financial expenses of ¥23,020,682.88 in the first three quarters of 2020, an increase of 48.5% from ¥15,472,359.61 in the same period of 2019[32] Other Financial Metrics - The weighted average return on equity decreased by 4.14 percentage points to 4.85%[6] - Long-term deferred expenses increased by CNY 26.32 million, an increase of 262.86%, due to increased amortization of renovation and facility costs for the "Asia-Europe International" cultural tourism project[14] - The company’s financial income from other sources increased significantly by CNY 1.46 million, or 884.98%, due to increased handling fees and subsidies[18] - The company’s total comprehensive income for Q3 2020 was ¥23,832,170.95, a decrease of 71.7% compared to ¥84,320,848.38 in Q3 2019[33]