LGWH(SH:601599)2019-10-28 16:00Financial Performance - Operating income for the first nine months decreased by 18.14% year-on-year, totaling CNY 2,519,316,772.1[7] - Net profit attributable to shareholders increased by 32.66% year-on-year, reaching CNY 85,977,754.23[7] - The total net profit attributable to shareholders for the first nine months was CNY 68,225,044.56, reflecting a 21.78% increase year-on-year[7] - Total operating revenue for Q3 2019 was ¥783,701,673.58, a decrease of 37.5% compared to ¥1,250,982,708.84 in Q3 2018[29] - Net profit for Q3 2019 was ¥12,624,517.87, compared to a net loss of ¥2,666,959.24 in Q3 2018[31] - Total comprehensive income for Q3 2019 was ¥12,946,305.03, compared to a loss of ¥2,165,072.97 in Q3 2018[33] - Net profit attributable to the parent company for Q3 2019 was ¥9,648,985.90, compared to a loss of ¥5,253,364.09 in Q3 2018[33] - The company reported a total comprehensive income of ¥9,648,985.90 attributable to the parent company for the first three quarters of 2019[33] Cash Flow - Net cash flow from operating activities increased by 63.44% year-on-year, amounting to CNY 480,195,349.58[7] - Operating cash flow for Q3 2019 was CNY 480,195,349.58, an increase from CNY 293,811,864.46 in Q3 2018, reflecting a growth of approximately 63.4%[40] - The company reported a net cash outflow from financing activities of CNY -592,387,752.00 in Q3 2019, compared to CNY -208,842,290.13 in Q3 2018, indicating a worsening cash flow situation[41] - Investment activities generated a net cash inflow of CNY 91,060,434.63 in Q3 2019, compared to a net outflow of CNY -20,910,074.69 in Q3 2018, indicating a positive turnaround[41] - The company reported a decrease in cash flow from operating activities, with total cash outflow of CNY 1,709,484,631.96 in the first three quarters of 2019, compared to CNY 2,268,885,219.52 in the same period of 2018[42] Assets and Liabilities - Total assets decreased by 3.12% from the end of the previous year, amounting to CNY 6,479,088,918.4[7] - Total liabilities decreased to CNY 3,782,243,358.97 from CNY 4,058,393,644.92, a reduction of 6.81%[22] - The company's total assets as of September 30, 2019, were CNY 6,479,088,918.42, down from CNY 6,687,517,682.88, indicating a decline of 3.11%[23] - The total assets decreased from ¥5,462,585,761.74 in Q2 2019 to ¥5,091,803,330.03 in Q3 2019, a decline of approximately 6.8%[26] - Total liabilities decreased from ¥3,046,727,725.29 in Q2 2019 to ¥2,626,521,864.92 in Q3 2019, a reduction of about 13.8%[26] - The total liabilities as of Q3 2019 were CNY 3,647,338,622.33, remaining stable compared to the previous year[47] Shareholder Information - The total number of shareholders is 34,574[12] - The largest shareholder, Qian Wenlong, holds 118,923,722 shares, accounting for 13.32% of total shares, with 108,000,000 shares pledged[12] Earnings and Expenses - Basic earnings per share rose by 42.86% to CNY 0.10[8] - Diluted earnings per share increased by 33.33% to CNY 0.08[8] - The weighted average return on net assets improved by 0.81 percentage points to 3.31%[8] - Research and development expenses for Q3 2019 were ¥3,984,226.07, significantly lower than ¥16,066,410.11 in Q3 2018[30] - Financial expenses decreased to ¥12,481,697.96 in Q3 2019 from ¥25,765,699.68 in Q3 2018, a reduction of 51.5%[35] Other Income - Non-operating income from government subsidies related to business activities totaled CNY 20,528,873.38 for the year-to-date[9] - Revenue from other income rose by 69.08% to ¥20,528,873.38 compared to the same period last year[15] - The company reported a net profit of CNY 1,014,445.95 from other operating income and expenses[10] - Other income for Q3 2019 was ¥401,400.00, an increase from ¥222,300.00 in Q3 2018[35] Investment Activities - The company decided to terminate the public issuance of convertible bonds due to strategic considerations[17] - The company reported a significant increase in cash received from other investment activities, rising by 6388.33% to ¥238,332,791.22 compared to the previous year[16] - Investment income decreased by 31.81% to ¥25,889,219.46 compared to the same period last year[15] - Total cash inflow from investment activities in Q3 2019 was CNY 88,295,232.88, compared to CNY 45,811,694.98 in Q3 2018, indicating a year-over-year increase of approximately 92.5%[43] - The company’s investment cash outflow in Q3 2019 was CNY 6,596,305.22, significantly lower than CNY 257,326,230.44 in Q3 2018, indicating a reduction in investment expenditures[43] Changes in Financial Standards - The company executed a new financial standard on January 1, 2019, adjusting the fair value of available-for-sale financial assets by CNY 234,406,884.02[53] - The total assets decreased by CNY 230,406,884.02 due to the reclassification of available-for-sale financial assets[54] - The company has not made any retrospective adjustments to prior comparative data under the new financial instrument standards[54]