LJRB(SH:600853)2019-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 18.57% to CNY 103,685,148.02 year-to-date[7] - Operating revenue decreased by 3.81% to CNY 6,509,332,536.21 year-to-date[7] - Basic earnings per share increased by 4.18% to CNY 0.1497[7] - The weighted average return on equity decreased by 0.3553 percentage points to 6.3486%[7] - The company reported a total operating revenue of ¥6,509,332,536.21 for the first three quarters of 2019, a decrease of 3.83% compared to ¥6,767,112,915.50 in the same period of 2018[30] - Total profit for Q3 2019 was ¥91,710,151.48, a slight decrease of 2.14% from ¥93,719,221.00 in Q3 2018[31] - Net profit for Q3 2019 reached ¥73,300,326.75, an increase of 12.66% from ¥64,958,755.50 in Q3 2018[31] - The company reported a total current asset of ¥8,594,910,969.11, up from ¥7,729,964,886.77, reflecting an increase of approximately 11.2%[25] Assets and Liabilities - Total assets increased by 18.11% to CNY 18,156,435,109.42 compared to the end of the previous year[7] - Total liabilities reached ¥16,154,395,277.26, up from ¥13,564,225,389.32, which is an increase of about 19%[23] - Current liabilities rose to ¥11,926,318,501.09 from ¥10,691,606,478.54, reflecting an increase of approximately 11.5%[22] - Long-term borrowings increased significantly to ¥3,437,313,356.08 from ¥2,423,650,956.08, marking a growth of around 42%[23] - Cash and cash equivalents decreased to ¥826,923,229.26 from ¥982,723,238.70, a decline of about 15.8%[24] - Accounts receivable rose to ¥1,639,348,125.04 from ¥1,463,839,937.55, representing an increase of approximately 12%[25] - Inventory increased to ¥2,406,289,621.57 from ¥2,263,502,308.68, indicating a growth of about 6.3%[25] Cash Flow - Net cash flow from operating activities was negative at CNY -1,138,458,619.06, compared to CNY -899,986,334.50 in the same period last year[7] - The company reported a net cash outflow from investment activities of ¥20,990.23 million, a significant increase compared to the previous year[11] - The net cash flow from financing activities decreased by 11.72% to ¥136,013.22 million, influenced by a reduction in cash received from investment[12] - Cash flow from operating activities for the first three quarters of 2019 was approximately ¥6.52 billion, an increase of 13.6% from ¥5.74 billion in the same period of 2018[39] - The total cash inflow from financing activities in Q3 2019 was 5,461,051,596.36 RMB, an increase from 4,406,318,650.38 RMB in Q3 2018[40] Shareholder Information - The total number of shareholders reached 54,615 by the end of the reporting period[10] - The largest shareholder, Heilongjiang Construction Investment Group Co., Ltd., holds 44.45% of the shares, with 372,241,692 shares pledged[10] - Minority shareholders' equity increased by 23.94% to CNY 324.15 million, mainly due to contributions from minority shareholders of the company's subsidiaries[13] Expenses - Research and development expenses increased by 136.32% year-on-year to CNY 8.45 million, driven by increased R&D projects and expenditures[13] - Sales expenses rose by 44.65% year-on-year to CNY 22.01 million, mainly due to higher salaries for market development personnel and increased bidding costs[13] - The company reported a significant increase in financial expenses, totaling ¥20.43 million in Q3 2019, compared to ¥15.59 million in Q3 2018, marking a rise of 31.5%[35] Other Financial Metrics - The company reported a 21.52% increase in undistributed profits, reaching CNY 512.66 million, primarily due to profits generated by the company and its subsidiaries during the period[13] - Asset impairment losses increased significantly by CNY 12.81 million year-on-year, totaling CNY 8.29 million, due to an increase in accounts receivable[13] - The company has not disclosed any new product developments or market expansion strategies in this report[10]