Lanpec(SH:601798)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 359,107,599.80, representing a year-on-year increase of 71.09%[5] - The net profit attributable to shareholders for the same period was CNY 548,325.55, while the net profit for the year-to-date period showed a loss of CNY 52,701,231.94[5] - Total revenue for the first three quarters of 2023 reached ¥816,581,138.39, a significant increase of 41.8% compared to ¥576,259,456.90 in the same period of 2022[22] - Net profit for the first three quarters of 2023 was a loss of ¥51,885,697.02, compared to a loss of ¥48,994,287.35 in the same period last year, reflecting a deterioration in profitability[23] - The total comprehensive loss for the third quarter of 2023 was ¥51,447,503.85, compared to a loss of ¥46,368,815.74 in the same quarter of 2022[24] Cash Flow - The cash flow from operating activities for the year-to-date period was negative CNY 15,318,548.13, indicating a decrease of 465.25% compared to the previous year[6] - Operating cash flow for the first three quarters of 2023 showed a net outflow of ¥15,318,548.13, contrasting with a net inflow of ¥4,193,969.25 in 2022[26] - Cash inflow from operating activities for the first three quarters of 2023 totaled ¥674,539,152.24, down from ¥699,220,862.66 in 2022[26] - The net cash flow from financing activities was -$45.54 million, a significant decrease compared to $0.52 million in the previous period[27] - The net increase in cash and cash equivalents was -$65.92 million, contrasting with an increase of $5.18 million in the same period last year[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,859,907,132.80, reflecting a slight increase of 0.33% from the end of the previous year[6] - As of September 30, 2023, the total current assets amounted to RMB 1,919,454,523.75, an increase from RMB 1,866,318,209.40 at the end of 2022, reflecting a growth of approximately 2.3%[17] - The total liabilities as of September 30, 2023, were RMB 1,475,174,924.10, compared to RMB 1,413,756,650.65 at the end of 2022, indicating an increase of about 4.3%[19] - The company's total assets reached RMB 2,859,907,132.80, slightly up from RMB 2,850,560,787.90 at the end of 2022, marking a growth of approximately 0.1%[19] - The total non-current assets decreased to RMB 940,452,609.05 from RMB 984,242,578.50, reflecting a decline of about 4.4%[18] Shareholder Information - The top shareholder, China Energy Engineering Group Co., Ltd., holds 50.00% of the shares, with a total of 177,264,100 shares frozen[13] - The company's equity attributable to shareholders decreased by 3.71% to CNY 1,372,665,428.30 compared to the end of the previous year[6] - The total equity attributable to shareholders decreased to RMB 1,372,665,428.30 from RMB 1,425,552,891.77, indicating a decline of about 3.7%[19] Operational Highlights - The increase in operating revenue was attributed to a higher volume of completed deliveries during the quarter[10] - The company engaged in a "quality improvement and efficiency enhancement" campaign, contributing to the growth in product deliveries[10] - Research and development expenses for the first three quarters of 2023 were ¥32,196,817.02, slightly down from ¥32,865,545.58 in the previous year[22] - The company reported an investment loss of ¥3,270,525.03 for the first three quarters of 2023, an improvement from a loss of ¥4,960,792.76 in the same period of 2022[22] Inventory and Receivables - The company's inventory increased slightly to RMB 552,878,026.37 from RMB 545,300,532.29, showing a growth of approximately 1%[17] - Accounts receivable increased to RMB 782,424,310.38 from RMB 731,087,751.59, showing a rise of approximately 7%[17] Earnings Per Share - Basic and diluted earnings per share for Q3 2023 were both CNY 0.002, while year-to-date figures were negative CNY 0.149[6] - Basic and diluted earnings per share for the third quarter of 2023 were both -0.149, compared to -0.139 in the same quarter of 2022[24]