LSGC(SH:600738)2020-12-11 16:00Financial Performance - Operating revenue for the first nine months dropped by 68.01% to CNY 436,639,740.19 compared to the same period last year[6] - Net profit attributable to shareholders decreased by 60.84% to CNY 79,435,269.85 for the first nine months[6] - Basic earnings per share fell by 60.23% to CNY 0.103 compared to the same period last year[6] - Operating costs for the same period decreased by CNY 797.40 million, a decline of 82.89% year-on-year, primarily due to reduced sales from office buildings and the impact of the COVID-19 pandemic[16] - 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 company’s financial performance was negatively impacted by a 91.79% decrease in investment income, down CNY 58.79 million, due to lower dividends received from investments[16] - Total operating revenue for Q3 2020 was ¥139,411,593.36, a decrease of 57.3% compared to ¥325,450,118.28 in Q3 2019[30] - Net profit for Q3 2020 was ¥23,832,170.95, a decline of 71.7% from ¥84,320,848.38 in Q3 2019[31] - Total comprehensive income for Q3 2020 was ¥23,832,170.95, compared to ¥84,320,848.38 in Q3 2019[32] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 85,733,936.78, compared to a net outflow of CNY 41,735,293.14 in the previous year[6] - The net cash flow from operating activities decreased by CNY 439.99 million compared to the previous year, mainly due to reduced income from operations influenced by the pandemic[17] - The cash flow from financing activities increased by CNY 1.06 billion, primarily due to reduced new borrowings and the absence of dividend distributions from the previous year[18] - The cash flow from operating activities for the first three quarters of 2020 was -85,733,936.78 million RMB, a decline from -41,735,293.14 million RMB in the same period of 2019[37] - 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[39] - The net cash flow from financing activities for the first three quarters of 2020 was 28,479,107.22 RMB, a recovery from -1,133,457,251.55 RMB in the same period of 2019[40] 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] - Current liabilities totaled CNY 1,314,242,612.98, down from CNY 1,638,723,716.41[24] - Non-current liabilities were CNY 482,054,604.70, slightly decreased from CNY 482,455,154.92[24] - Total assets as of the end of Q3 2020 were ¥2,652,865,033.38, down from ¥2,718,883,771.40 at the end of Q3 2019[28] - Total liabilities as of the end of Q3 2020 amounted to ¥1,125,797,402.48, a decrease from ¥1,191,208,668.76 at the end of Q3 2019[28] - Total equity as of the end of Q3 2020 was ¥1,527,067,630.90, slightly down from ¥1,527,675,102.64 at the end of Q3 2019[28] Shareholder Information - The number of shareholders reached 27,995 by the end of the reporting period[8] - Shareholders' equity increased to CNY 1,677,542,671.27 from CNY 1,598,107,401.42[25] - The company reported a net profit increase in retained earnings to CNY 451,473,395.07 from CNY 372,038,125.22[25] Inventory and Receivables - Accounts receivable decreased by 32.42% to CNY 551,502.76 compared to the end of last year[11] - Inventory decreased significantly by 87.38% to CNY 186,622,596.40 compared to the end of last year[11] - The company's inventory decreased by CNY 1.29 billion, a drop of 87.38%, due to the completion of the "Asia-Europe International" project[12] - Other receivables decreased to CNY 9,383,791.45 from CNY 26,026,129.35[23] Long-term Investments and Expenses - Long-term deferred expenses increased by CNY 26.32 million, an increase of 262.86%, mainly due to increased amortization of renovation and facility costs for the "Asia-Europe International" cultural tourism project[12] - The company reported long-term equity investments of RMB 2,258,474,786.42, indicating a stable investment strategy[46]