LZYY(SH:603368)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 40.10% to CNY 547,525,645.28 year-to-date[9] - Operating revenue rose by 27.53% to CNY 11,108,296,764.02 for the year-to-date period[9] - Basic earnings per share increased by 40.40% to CNY 2.12[9] - Net profit rose by 46.40% to ¥605,375,160.39 for the first nine months of 2019, driven by increased sales revenue[18] - The total profit increased by 47.65% to ¥716,402,982.49, reflecting higher sales revenue[18] - The net profit attributable to the parent company for Q3 2019 was CNY 191,369,827.37, compared to CNY 135,228,549.47 in Q3 2018, reflecting a year-over-year increase of about 41.6%[41] - The total profit for Q3 2019 was CNY 248,814,518.36, compared to CNY 168,467,150.74 in Q3 2018, marking an increase of approximately 47.7%[41] Assets and Liabilities - Total assets increased by 30.20% to CNY 12,724,098,065.15 compared to the end of the previous year[9] - Accounts receivable increased by 40.39% to ¥7,056,619,011.28 compared to the end of the previous year, primarily due to increased sales[16] - Total liabilities reached ¥8.27 billion, up from ¥5.73 billion, which is an increase of approximately 44.3% year-over-year[27] - Total current liabilities amounted to 5,231,574,779.48 RMB, indicating a need for careful liquidity management[57] - The total assets of the company reached 9,772,634,790.34 RMB, reflecting stable asset management[57] - Current assets totaled CNY 6,689,137,398.88, with cash and cash equivalents at CNY 1,051,724,048.58[62] Cash Flow - Net cash flow from operating activities improved by 21.75%, reaching CNY -592,361,725.67[9] - The company reported a net cash flow from operating activities was negative at CNY -592.36 million, an improvement from CNY -757.05 million in the previous year[49] - Cash inflows from operating activities amounted to CNY 10.06 billion in the first three quarters of 2019, up from CNY 7.66 billion in 2018, representing a growth of approximately 31%[49] - Cash inflows from financing activities reached CNY 2.60 billion, significantly higher than CNY 1.30 billion in the previous year, marking an increase of approximately 99%[50] - The net cash flow from financing activities was CNY 1.10 billion, compared to CNY 579.12 million in the same period last year, reflecting a growth of about 90%[50] Shareholder Information - The total number of shareholders reached 15,411 as of the report date[11] - The largest shareholder, Zhu Chaoyang, holds 27.86% of the shares, totaling 72,166,282 shares[11] Expenses - Financial expenses surged by 173.36% to ¥103,006,468.86, mainly due to increased interest payments from new bank loans[18] - Sales expenses increased by 45.41% to ¥271,909,163.44, corresponding to higher sales activities[18] - The operating costs for Q3 2019 were CNY 3,306,550,400.78, which is an increase from CNY 2,640,215,487.03 in Q3 2018, representing a growth of about 25.2%[41] Future Outlook - Future outlook includes continued focus on market expansion and potential new product development[37] - The company plans to continue expanding its market presence and investing in new technologies, although specific strategies were not detailed in the provided content[41]