LGWH(SH:601599)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 was approximately CNY 853.11 million, representing a year-on-year increase of 14.07%[5] - The net profit attributable to shareholders for Q3 2023 was approximately CNY 25.03 million, reflecting a significant increase of 54.39% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was approximately CNY 10.30 million, showing a decrease of 5.71% year-on-year[5] - The net profit attributable to shareholders for the year-to-date period was approximately CNY 117.77 million, reflecting a year-on-year increase of 35.91%[5] - Earnings per share for the third quarter were ¥0.10, compared to ¥0.07 in the same quarter of the previous year, indicating a 42.9% increase[23] - Net profit for the first three quarters of 2023 was ¥118,980,290.19, a significant increase of 30.5% from ¥91,002,839.33 in the previous year[22] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to approximately CNY 3.50 billion, an increase of 12.28% compared to the end of the previous year[6] - The company reported a total equity attributable to shareholders of approximately CNY 1.41 billion, an increase of 9.10% compared to the end of the previous year[6] - Total liabilities increased to approximately ¥2.08 billion from ¥1.83 billion, reflecting a growth of about 13.36%[16] - Total liabilities increased to ¥2,062,141,561.04 from ¥1,789,806,623.35, marking a rise of 15.2% year-on-year[17] - The company’s total assets reached ¥3,495,946,797.13, up from ¥3,113,599,598.24, reflecting a growth of 12.3% year-on-year[17] Cash Flow - The cash flow from operating activities for the year-to-date period was negative CNY 214.78 million, a decrease of 306.73% compared to the previous year[6] - The net cash flow from operating activities was negative at approximately -¥214.78 million, contrasting with a positive cash flow of ¥103.89 million in the first three quarters of 2022[27] - The cash inflow from sales and services was approximately ¥2.13 billion, a decrease of 1.46% compared to ¥2.16 billion in the same period of 2022[26] - The cash outflow for purchasing goods and services increased to approximately ¥1.75 billion, up from ¥1.59 billion in the same period last year, representing a rise of 10.06%[26] - The total cash and cash equivalents at the end of the third quarter of 2023 were approximately ¥558.24 million, down from ¥627.81 million at the end of the same period in 2022, reflecting a decrease of 11.01%[27] Government Support and Other Income - The company received government subsidies amounting to approximately CNY 20.14 million during the reporting period, contributing to the increase in net profit[9] - Other income increased to ¥42,617,544.88 from ¥35,626,034.43, representing a growth of 19.4%[21] Future Outlook - Future outlook remains optimistic with plans for market expansion and potential acquisitions to enhance growth[13] - The company has ongoing investments in new technologies and products, although specific figures were not disclosed in the report[13] Financial Management - The company reported a decrease in financial expenses from ¥5,342,122.98 in 2022 to a positive income of ¥1,873,760.62 in 2023, indicating improved financial management[21] - The company reported a cash outflow of approximately ¥315.76 million related to other operating activities, which increased from ¥219.46 million in the previous year, marking a rise of 43.83%[26]