LIBA(SH:603519)2020-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 28.99% to CNY 80,449,334.65 for the first nine months of the year[6]. - Operating revenue declined by 8.16% to CNY 859,861,367.94 year-on-year[6]. - The weighted average return on net assets decreased by 5.30 percentage points to 10.42%[6]. - Basic earnings per share fell by 29.41% to CNY 0.36[6]. - The total operating profit for the first three quarters of 2020 was approximately ¥90.66 million, down 33.1% from ¥135.43 million in the same period of 2019[23]. - The net profit for Q3 2020 was approximately ¥28.62 million, a decrease of 19.5% from ¥35.49 million in Q3 2019[24]. - The total profit for Q3 2020 was approximately ¥32.44 million, a decrease of 23.5% from ¥42.45 million in Q3 2019[23]. Cash Flow and Liquidity - Net cash flow from operating activities decreased by 51.19% to CNY 88,173,101.14[6]. - Cash flow from operating activities for the first three quarters of 2020 was approximately ¥88.17 million, a decrease of 51.2% from ¥180.65 million in the same period of 2019[27]. - The company reported cash and cash equivalents of approximately ¥118.14 million at the end of Q3 2020, down from ¥240.97 million at the end of Q3 2019[28]. - Cash received from operating activities related to other cash increased by 202.92% to RMB 220,484,122.02 due to an increase in notes payable[13]. - Cash paid for purchasing goods and services rose by 34.20% to RMB 354,437,211.24 primarily due to increased cash payments for raw material purchases[13]. - The cash and cash equivalents decreased to RMB 193,438,189.71 from RMB 218,025,707.59, a decline of about 11.27%[18]. Assets and Liabilities - Total assets increased by 5.08% to CNY 1,270,872,689.59 compared to the end of the previous year[6]. - The total liabilities rose to RMB 525,257,744.83 from RMB 477,694,101.01, marking an increase of approximately 9.95%[19]. - The company's current assets totaled RMB 941,310,127.98, slightly up from RMB 939,093,575.92 at the end of 2019, indicating a marginal increase of 0.24%[18]. - Total current liabilities were approximately $475.37 million as of the third quarter of 2020[31]. - Total equity was approximately $731.75 million as of the third quarter of 2020[32]. Shareholder Information - The total number of shareholders reached 7,038[10]. - The largest shareholder, Lu Fengxian, holds 33.92% of the shares, totaling 75,287,730 shares[10]. Investments and Financial Activities - Long-term equity investments increased by 40.00% to RMB 210,006,582.00 as a result of the company's participation in establishing limited partnership enterprises for external investments[11]. - The company completed a capital increase agreement with Shanghai Zhanchip Electronics Technology Co., Ltd. for an investment of RMB 60,000,000, acquiring a 10% stake[2]. - The company established a private equity investment fund in partnership with Shanghai Linxin Investment Management Co., Ltd., and completed a transfer of partnership interests in August 2020[13]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 510,516.34 during the reporting period[8]. - Other income increased by 49.11% to RMB 510,516.34 mainly due to an increase in government subsidies recognized during the period[12]. Financial Expenses - The company's financial expenses showed a significant increase of 160.64% due to exchange losses from the appreciation of the RMB against the USD[12]. - The company incurred financial expenses of approximately ¥5.10 million in Q3 2020, compared to a financial income of approximately ¥2.19 million in Q3 2019[23].