LNCD(SH:600739)2021-10-29 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥5,242,381,840, representing a year-on-year increase of 24.60%[2] - The net profit attributable to shareholders for Q3 2021 was ¥528,130,333.95, a decrease of 66.48% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was ¥544,423,510.88, an increase of 44.75% year-on-year[2] - The basic earnings per share for Q3 2021 was ¥0.3452, down 66.48% from the previous year[3] - Net profit for Q3 2021 was approximately CNY 2.20 billion, a decrease of 13.8% from CNY 2.56 billion in Q3 2020[20] - Revenue from sales of goods and services reached CNY 12.36 billion, up from CNY 10.93 billion in the same period last year, representing an increase of 12.0%[21] - Total operating profit for Q3 2021 was CNY 2.33 billion, down 16.0% from CNY 2.78 billion in Q3 2020[20] - Total comprehensive income for Q3 2021 was CNY 2.17 billion, down from CNY 2.42 billion in Q3 2020, a decrease of 11.0%[20] - Basic and diluted earnings per share were both CNY 1.22, compared to CNY 1.65 in the previous year, indicating a decline of 26.1%[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥42,381,400,248.23, an increase of 8.23% compared to the end of the previous year[3] - The total assets of the company reached CNY 42,381,400,248.23 as of September 30, 2021, compared to CNY 39,157,616,275.98 at the end of 2020, indicating a growth of about 5.7%[14] - The total liabilities increased to CNY 15,588,669,745.30 as of September 30, 2021, from CNY 14,151,380,251.83 at the end of 2020, reflecting an increase of approximately 10.2%[15] - Total liabilities increased to 14,151,380,251.83 RMB, compared to 12,176,000,000.00 RMB, showing an increase of approximately 16.2%[25] - Total equity attributable to shareholders reached approximately $24.06 billion, remaining stable compared to the prior period[27] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥351,029,348.69, a decrease of 152.30% year-on-year[5] - Cash flow from operating activities showed a net outflow of CNY 351.03 million, contrasting with a net inflow of CNY 671.12 million in Q3 2020[21] - The net cash flow from investment activities was -333,464,749.02 RMB, a significant decrease compared to 2,082,258,087.22 RMB in the previous year[22] - Cash inflow from financing activities reached 8,963,181,429.48 RMB, compared to 5,924,228,790.00 RMB in the same period last year, indicating a 51.5% increase[22] - The net cash flow from financing activities was 351,799,514.96 RMB, a turnaround from -1,552,591,527.09 RMB in the previous year[22] Shareholder Information - The company has a total of 64,393 common shareholders at the end of the reporting period[6] - The equity attributable to shareholders at the end of the reporting period was ¥25,567,272,129.33, up 6.27% year-on-year[3] - The equity attributable to shareholders of the parent company was CNY 25,567,272,129.33 as of September 30, 2021, up from CNY 24,059,899,633.23 at the end of 2020, representing an increase of about 6.25%[15] Investment and Expenses - Research and development expenses increased to CNY 171.51 million, compared to CNY 160.79 million in Q3 2020, reflecting a growth of 6.0%[21] - The company reported a significant impact on net profit due to the disposal of its subsidiary Chengda Fangyuan Pharmaceutical Group Co., Ltd. in the previous year[5] - The company’s investment income from associates and joint ventures was CNY 1.64 billion, an increase from CNY 1.52 billion in the previous year, reflecting a growth of 8.0%[20] Adjustments and Accounting Changes - The company adjusted the right-of-use assets by approximately $31.70 million due to the new lease accounting standards[28] - Lease liabilities increased by approximately $29.89 million, with $3.87 million classified as current liabilities[28] - The company made necessary adjustments to prepaid expenses and long-term deferred expenses due to the new lease accounting[28] - The adjustments were made in accordance with the cumulative impact of the new lease standards, affecting multiple financial statement items[28]