LSHEC(SH:603169)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥900,622,031.11, a decrease of 11.19% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was ¥22,080,718.02, down 41.21% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,882,708.23, a decline of 53.04% compared to the previous year[4]. - The basic earnings per share for Q3 2023 was ¥0.0169, a decrease of 41.32% year-on-year[4]. - Total operating revenue for the first three quarters of 2023 reached ¥3,110,329,248.03, a slight increase of 1.44% compared to ¥3,066,094,848.12 in the same period of 2022[17]. - Net profit for the first three quarters of 2023 was ¥133,123,452.53, a decrease of 12.19% from ¥151,638,942.35 in 2022[18]. - The company’s total profit for the first three quarters was ¥131,137,302.99, down from ¥150,246,803.95 in the same period of 2022, reflecting a decrease of 12.0%[18]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly by 504.06% in Q3 2023, amounting to ¥295,987,867.70[4]. - Cash flow from operating activities generated a net amount of ¥403,611,446.57, compared to ¥272,638,639.67 in the previous year, reflecting a growth of 48.0%[20]. - The net cash flow from operating activities for the first three quarters of 2023 was ¥320,802,071.98, an increase of 53.4% compared to ¥209,093,537.15 in the same period of 2022[28]. - The total cash and cash equivalents at the end of the period amounted to ¥1,631,534,381.84, compared to ¥656,373,446.85 at the end of the previous year, marking a significant increase of 148.5%[29]. - The company reported a significant increase in cash and cash equivalents, up 85.46% year-to-date, attributed to increased cash receipts and borrowings[7]. Assets and Liabilities - The total assets at the end of Q3 2023 reached ¥13,154,918,539.81, representing a 12.38% increase from the end of the previous year[4]. - The company's total assets reached CNY 13.15 billion, an increase from CNY 11.71 billion at the end of 2022, representing a growth of approximately 12.3%[13]. - The total liabilities of the company amounted to CNY 9.68 billion, compared to CNY 8.36 billion at the end of 2022, reflecting a rise of about 15.7%[15]. - The company's long-term borrowings increased to CNY 1.21 billion from CNY 641.08 million, representing a growth of approximately 88.6%[15]. - Total liabilities increased to CNY 8,621,596,976.43 from CNY 7,211,205,137.25, marking a rise of 19.6%[24]. Equity and Shareholder Information - The company's equity attributable to shareholders was ¥3,277,685,356.40, up 4.38% from the previous year[4]. - The company's total equity increased to CNY 3.48 billion from CNY 3.35 billion, reflecting a growth of approximately 4%[15]. - The company's total equity as of September 30, 2023, was CNY 3,311,067,384.27, an increase from CNY 3,180,004,872.49 at the end of 2022, reflecting a growth of 4.1%[24]. - The company transferred 78,377,508 shares (6% of total shares) to Hunan Hualing Xiangtan Steel Co., Ltd. to optimize its equity structure[11]. Research and Development - The company reported an increase in research and development expenses due to heightened investment in new products and technologies[8]. - Research and development expenses rose significantly to ¥103,994,633.02, an increase of 57.0% compared to ¥66,244,409.74 in the same period last year[17]. - Research and development expenses increased significantly to CNY 69,361,272.13, compared to CNY 35,013,545.89 in the previous year, reflecting a growth of 97.9%[26]. Inventory and Operational Efficiency - Inventory levels rose to CNY 3.73 billion, up from CNY 2.83 billion, indicating an increase of approximately 31.7%[13]. - The company’s inventory as of September 30, 2023, was CNY 2,203,746,911.45, up from CNY 1,632,880,327.81 at the end of 2022, representing an increase of 35.0%[24]. - The company has not reported any new product launches or significant market expansions during this period, focusing instead on improving operational efficiency and cash flow management[30].