Lianming(SH:603006)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 284,907,770.84, a decrease of 19.34% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 48,727,776.47, down 22.73% year-on-year[5] - Basic earnings per share for Q3 2023 were CNY 0.19, reflecting a decline of 21.31% compared to the previous year[5] - Total operating revenue for the first three quarters of 2023 was RMB 778,896,277.28, a decrease of 5.6% compared to RMB 825,427,564.63 in the same period of 2022[21] - Total operating revenue for Q3 2023 was ¥778,896,277.28, a decrease of 5.3% compared to ¥825,427,564.63 in Q3 2022[22] - Net profit for Q3 2023 was ¥99,594,975.36, down 3.1% from ¥102,786,998.05 in Q3 2022[23] - The company reported a total comprehensive income attributable to shareholders of ¥100,031,812.52 in Q3 2023, compared to ¥97,517,810.24 in Q3 2022, indicating a growth of 2.5%[24] Cash Flow and Assets - The cash flow from operating activities for the year-to-date period reached CNY 99,276,430.00, an increase of 201.79%[5] - Cash flow from operating activities for the first nine months of 2023 was ¥99,276,430.00, significantly up from ¥32,895,647.63 in the same period of 2022[27] - Cash and cash equivalents increased to RMB 525,018,811.42 from RMB 413,137,049.10, representing a growth of 27.1%[17] - Cash and cash equivalents at the end of Q3 2023 totaled ¥509,655,725.47, an increase from ¥385,412,884.84 at the end of Q3 2022[27] - Total current assets amounted to RMB 1,263,553,297.06, down from RMB 1,325,152,735.99 at the end of 2022, reflecting a decrease of approximately 4.7%[17] - Total liabilities as of September 30, 2023, were RMB 499,595,120.23, down from RMB 568,946,570.16, a decrease of 12.2%[19] - Total equity attributable to shareholders increased slightly to RMB 1,441,477,775.08 from RMB 1,438,062,577.56, reflecting a marginal growth of 0.2%[19] Research and Development - The company reported a significant increase in research and development expenses by 32.75% year-to-date, attributed to new project developments[9] - Research and development expenses increased to ¥24,684,837.55 in Q3 2023, up from ¥18,594,375.23 in Q3 2022, reflecting a growth of 32.7%[22] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,818[12] - The largest shareholder, Shanghai Lianming Investment Group Co., Ltd., holds 69.92% of the shares, with 63,176,064 shares pledged[12] Accounting Standards and Reporting - The company has adopted new accounting standards starting in 2023, impacting the financial statements from the beginning of the year[28] - The financial report is presented by the accounting head, Jiang Yuqiong, and the company head, Xu Taoming[28] - The report was officially announced on October 26, 2023[28] - There are no adjustments made to the financial statements for the first execution year of the new standards[28] - The document indicates that the company is not applicable for certain adjustments under the new accounting standards[28] - The report consists of 14 pages, suggesting a comprehensive overview of the company's performance[28] - The company is focused on ensuring the accuracy of financial information in light of the new accounting standards[28] - The board of directors is involved in the announcement and oversight of the financial reporting process[28] - The report does not provide specific financial metrics or performance data for the third quarter[28] - There is no mention of user data, future outlook, or new product developments in the provided content[28] Other Financial Metrics - Total assets at the end of the reporting period were CNY 2,216,230,579.99, a decrease of 3.24% from the end of the previous year[5] - Non-current assets totaled RMB 952,677,282.93, a slight decrease from RMB 965,290,933.57, indicating a reduction of 1.3%[18] - The company experienced a 66.18% decrease in contract liabilities at the end of the reporting period, primarily due to a reduction in advance payments[9] - The company reported a decrease in trading financial assets from RMB 120,105,730.15 to RMB 50,078,173.73, a decline of 58.3%[17] - The company experienced a decrease in total investment income to ¥16,522,438.59 in Q3 2023 from ¥25,112,566.06 in Q3 2022, a decline of 34.3%[22] - The company’s total cash inflow from investment activities was ¥179,720,374.81 in the first nine months of 2023, down from ¥373,431,436.84 in the same period of 2022[27]