LJRB(SH:600853)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥4,271,147,024.43, a decrease of 22.47% compared to the same period last year[6]. - The net profit attributable to shareholders for Q3 2023 was ¥117,227,124.27, an increase of 5.29% year-on-year[6]. - The basic earnings per share for Q3 2023 was ¥0.12, reflecting a 9.09% increase compared to the previous quarter[7]. - Total revenue for the first three quarters of 2023 was CNY 10,692,666,972.94, a decrease of 5.88% compared to CNY 11,360,708,878.25 in the same period of 2022[25]. - Net profit for Q3 2023 reached CNY 201,561,307.81, an increase of 8.1% compared to CNY 185,221,284.87 in Q3 2022[26]. - Operating profit for Q3 2023 was CNY 242,386,321.44, up 9.1% from CNY 220,591,168.23 in Q3 2022[26]. - The company reported a net profit margin of approximately 2.77% for the first three quarters of 2023, down from 2.11% in the same period of 2022[25]. - Total operating costs for the first three quarters of 2023 were CNY 10,396,179,449.88, down from CNY 11,120,911,830.28, reflecting a reduction of 6.50%[25]. - Operating profit for the first three quarters of 2023 was CNY 33,873,323.09, down 47.3% from CNY 64,437,711.12 in the previous year[37]. - Net profit for the first three quarters of 2023 was CNY 18,492,800.09, a decline of 62.5% compared to CNY 49,242,824.39 in 2022[37]. Assets and Liabilities - The total assets at the end of the reporting period were ¥32,795,877,113.44, representing a 0.96% increase from the end of the previous year[7]. - The total assets as of September 30, 2023, included a significant increase in contract assets, which rose to ¥3,939,994,100.22 from ¥2,787,662,771.02, marking an increase of approximately 41.2%[20]. - Total liabilities increased to CNY 28,515,720,792.02 in Q3 2023 from CNY 27,974,499,697.37 in Q3 2022, marking a rise of 1.94%[23]. - The company's equity attributable to shareholders decreased to CNY 2,610,243,887.56 in Q3 2023 from CNY 2,670,070,109.91 in Q3 2022, a decline of 2.25%[23]. - Long-term borrowings rose to CNY 9,286,096,080.33 in Q3 2023, compared to CNY 8,888,197,598.90 in Q3 2022, indicating an increase of 4.49%[23]. - Total assets as of September 30, 2023, amounted to CNY 18,620,077,706.03, an increase from CNY 18,402,979,228.56 at the end of 2022[34]. - Total liabilities as of September 30, 2023, were CNY 16,990,250,340.01, compared to CNY 16,558,506,113.90 at the end of 2022[34]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥264,077,228.47, with no applicable comparison due to reporting period differences[7]. - Cash flow from operating activities for the first three quarters of 2023 was CNY 10,993,391,629.63, a decrease from CNY 12,519,375,570.45 in the same period of 2022[30]. - The net cash flow from operating activities for the first three quarters of 2023 was -¥899.36 million, an improvement from -¥1.68 billion in the same period of 2022[39]. - Cash flow from investing activities showed a net outflow of CNY 287,399,850.27 in Q3 2023, compared to a net outflow of CNY 806,528,958.52 in Q3 2022[30]. - Cash flow from financing activities generated a net inflow of CNY 588,495,063.02 in Q3 2023, down from CNY 1,912,683,287.65 in Q3 2022[31]. - The company reported a decrease in cash and cash equivalents, with a net decrease of CNY 2,792,219,712.74 in Q3 2023[31]. - The cash inflow from financing activities was approximately ¥4.05 billion, down from ¥4.79 billion in the same period of 2022[39]. Inventory and Receivables - The company reported a 41.34% increase in contract assets, attributed to the fulfillment of contractual obligations not yet recognized by customers[11]. - The company's inventory increased by 32.16%, driven by enhanced procurement of bulk materials to meet production needs[11]. - Accounts receivable stood at ¥5,685,536,437.69, slightly down from ¥5,896,690,420.52 in the previous year, indicating a decrease of about 3.6%[20]. - Inventory increased to ¥1,656,975,703.76 from ¥1,253,740,785.05, reflecting a growth of approximately 32.2% year-over-year[20]. - Accounts receivable decreased to CNY 3,260,429,128.14 from CNY 4,104,844,470.34, a reduction of 20.5%[32]. - The company reported an increase in other receivables to CNY 4,399,682,867.49 from CNY 3,730,577,867.84, an increase of 17.9%[32]. Corporate Social Responsibility - The company received the "2023 Most Socially Responsible Listed Company" award, underscoring its commitment to social responsibility and community support initiatives[18]. - The company actively participated in over a hundred charitable activities, contributing nearly ¥10 million in donations, showcasing its commitment to social welfare[17]. - The company formed a rescue "task force" in response to flooding in various cities, demonstrating its organizational capabilities and commitment to corporate social responsibility[19]. - The company has been recognized for its contributions to poverty alleviation and disaster relief, reinforcing its role as a responsible state-owned enterprise[19]. - The company was recognized as a "Demonstration Enterprise for Intellectual Property Advantages" in Heilongjiang Province for 2022, highlighting its strong innovation capabilities and management of intellectual property[16]. Research and Development - Research and development expenses increased to CNY 376,155,459.57 in 2023 from CNY 341,642,811.87 in 2022, representing a growth of 10.09%[25]. - Research and development expenses for the first three quarters of 2023 were CNY 199,045,067.73, a decrease of 6.8% from CNY 213,526,154.12 in the same period of 2022[36]. Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[6]. - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and drive future growth[24].