LSGC(SH:600738)2020-10-20 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] - The company reported a basic earnings per share of CNY 0.103, down 60.23% year-on-year[6] - Total operating revenue for Q3 2020 was ¥260,207,746.53, a decrease of 20.0% compared to ¥325,450,118.28 in Q3 2019[29] - Net profit for Q3 2020 was ¥23,832,170.95, a decline of 71.7% from ¥84,320,848.38 in Q3 2019[30] - Total operating revenue for the first three quarters of 2020 was ¥769,874,246.76, a decrease of 43.5% from ¥1,364,786,417.99 in the same period of 2019[29] - Net profit for the first three quarters of 2020 was ¥79,435,269.85, a decrease of 60.9% compared to ¥202,869,167.13 in the same period of 2019[30] 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] - Current assets totaled CNY 928,684,963.65, down from CNY 2,354,333,802.18 in the previous period[21] - Total liabilities decreased to CNY 1,796,297,217.68 from CNY 2,121,178,871.33[22] - The company's total equity increased to CNY 1,677,542,671.27 from CNY 1,598,107,401.42[23] - Total liabilities reached 1,191,208,668.76, with current liabilities at 941,208,668.76 and long-term borrowings of 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 company experienced a cash outflow from operating activities of -85,733,936.78 in the first three quarters of 2020, compared to -41,735,293.14 in the same period of 2019[37] - The company reported a total cash inflow from operating activities of 711,578,343.28 in the first three quarters of 2020, down from 1,370,614,534.52 in the same period of 2019[37] - Cash inflow from financing activities amounted to 50,000,000.00 RMB, compared to 355,000,000.00 RMB in the same period of 2019[40] Inventory and Receivables - Accounts receivable decreased by 32.42% to CNY 551,502.76 compared to the end of the previous year[11] - Inventory decreased significantly by 87.38% to CNY 186,622,596.40 compared to the end of the previous year[11] - The company's inventory decreased by CNY 129.22 million, a drop of 87.38%, due to the completion of the "Asia-Europe International" project[12] - Other receivables decreased by 63.94% to CNY 9,383,791.45, mainly due to the recovery of construction safety deposits[11] Financial Expenses and Income - The company reported a significant increase in financial expenses, rising by CNY 7.55 million or 48.79%, attributed to increased bank loan interest expenses[16] - The investment income for the first nine months dropped to CNY 5.26 million, a decline of CNY 58.79 million or 91.79% compared to the previous year[13][16] - The company received 5,260,390.00 RMB in investment income during the first three quarters of 2020, down from 210,000,000.00 RMB in the same period of 2019[39] Shareholder Information - The number of shareholders reached 27,995, with the top ten shareholders holding a combined 83.00% of shares[9] Compliance and Future Outlook - The company is committed to adhering to new revenue and leasing standards, ensuring compliance and transparency in financial reporting[48] - The company expects a significant decline in cumulative net profit compared to the same period last year, primarily due to reduced sales revenue from the "Asia-Europe International" office building[18]