LEHUI International(SH:603076)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 278.1 million, a decrease of 6.03% compared to CNY 297.11 million in the same period last year[2]. - Net profit attributable to shareholders was CNY 2.91 million, down 74.38% from CNY 11.37 million year-on-year[2]. - The basic earnings per share for Q3 2023 was CNY 0.02, reflecting a decline of 73.19% compared to CNY 0.09 in the previous year[3]. - Net profit for Q3 2023 was ¥32,473,983.87, a decrease of 34.3% compared to ¥49,499,570.72 in Q3 2022[20]. - Earnings per share for Q3 2023 was ¥0.31, down from ¥0.43 in the same quarter last year[21]. - The company reported a total profit of ¥37,103,532.83 for Q3 2023, down from ¥53,048,861.67 in Q3 2022, marking a decline of 30%[20]. - The total comprehensive income for Q3 2023 was ¥39,105,216.83, down from ¥57,485,930.06 in Q3 2022, reflecting a decline of 31.9%[21]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3.61 billion, representing a 7.55% increase from CNY 3.36 billion at the end of the previous year[3]. - Total assets as of September 30, 2023, amounted to RMB 3,614,139,469.10, an increase from RMB 3,360,383,570.38 at the end of 2022, reflecting a growth of approximately 7.5%[13]. - Total liabilities increased to ¥2,247,898,986.42 in Q3 2023, compared to ¥2,025,310,771.37 in Q3 2022, reflecting a rise of 11%[16]. - Total current liabilities rose to RMB 2,120,712,066.96 from RMB 1,855,004,963.26, indicating an increase of around 14.3%[14]. Cash Flow - The company's cash flow from operating activities was CNY 9.59 million, indicating a significant decline compared to previous periods[3]. - Cash inflow from operating activities for the first three quarters of 2023 reached approximately ¥1.40 billion, up from ¥1.16 billion in the same period of 2022, representing an increase of about 20.5%[24]. - Net cash flow from operating activities for Q3 2023 was approximately ¥9.59 million, a significant improvement compared to a net outflow of ¥117.45 million in Q3 2022[25]. - Total cash outflow from operating activities in Q3 2023 was approximately ¥1.39 billion, compared to ¥1.28 billion in Q3 2022, indicating an increase of about 8.7%[25]. - The net increase in cash and cash equivalents for Q3 2023 was approximately -¥67.01 million, compared to an increase of ¥67.48 million in Q3 2022[26]. - The ending balance of cash and cash equivalents for Q3 2023 was approximately ¥505.98 million, down from ¥617.72 million at the end of Q3 2022[26]. Shareholder Information - The company reported a total of 9,580 common shareholders at the end of the reporting period[10]. - Major shareholder Ningbo Lehui Investment Holding Co., Ltd. holds 21,830,000 shares, representing 18.09% of total shares[10]. Operational Changes - The company experienced a decline in gross profit margin for equipment projects, impacting overall profitability[8]. - The company has adjusted its accounting method for revenue recognition in its liquor business, which may affect future financial reporting[4]. - The company reported non-recurring gains of CNY 1.05 million related to government subsidies closely tied to its normal business operations[6]. Future Outlook - The company has ongoing development in new technologies and products, although specific details were not disclosed in the report[12]. - Future outlook remains optimistic with plans for market expansion and potential mergers and acquisitions[12].