Lafang(SH:603630)2022-10-28 16:00Financial Performance - The company's revenue for Q3 2022 was ¥228,280,242.07, a decrease of 12.38% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was ¥16,550,897.28, an increase of 72.42% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥14,934,534.62, up 64.14% compared to the previous year[4] - Total operating revenue for the first three quarters of 2022 was CNY 625,381,595.98, a decrease of 18.4% compared to CNY 766,134,858.49 in the same period of 2021[19] - Net profit for the third quarter of 2022 was CNY 60,787,900.81, an increase of 8.9% compared to CNY 56,275,405.24 in the same quarter of 2021[20] - Earnings per share for the third quarter of 2022 remained stable at CNY 0.27, unchanged from the same period last year[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,225,829,119.62, reflecting a growth of 6.58% from the end of the previous year[5] - Total assets as of September 30, 2022, amounted to RMB 2,225,829,119.62, an increase from RMB 2,088,410,519.83 at the end of 2021[15] - Current assets totaled RMB 1,515,130,929.27, slightly up from RMB 1,495,378,596.35 in the previous year[15] - Total liabilities as of September 30, 2022, were RMB 257,568,137.40, compared to RMB 185,568,952.09 in the previous year[16] - The company's total liabilities as of the end of the third quarter of 2022 amounted to CNY 263,911,388.42, an increase from CNY 189,131,311.86 at the end of the same period in 2021[17] Shareholder Information - The company has a total of 19,632 common shareholders as of the report date[11] - Major shareholder Wu Guoqian holds 30.83% of the shares, while Australia Wanda International Limited holds 21.26%[11] Cash Flow - The cash flow from operating activities for the year-to-date was ¥141,279,963.56[4] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 810,048,962.07, a decrease of 6.6% from CNY 867,660,618.08 in the same period of 2021[23] - The net cash flow from operating activities for Q3 2022 was $141,279,963.56, a significant improvement compared to a negative cash flow of $33,278,784.71 in Q3 2021[24] - The total cash outflow from operating activities amounted to $668,768,998.51, down from $900,939,402.79 in the same period last year, indicating a reduction of approximately 25.7%[24] - The company reported a cash and cash equivalents balance of $964,814,106.69 at the end of Q3 2022, down from $1,108,234,571.69 at the beginning of the quarter[25] Expenses - Total operating costs for the first three quarters of 2022 were CNY 601,740,072.86, down 22.1% from CNY 772,930,499.93 in the previous year[19] - The company reported a decrease in sales expenses to CNY 200,535,374.17, down 38.8% from CNY 327,979,134.34 in the same period of 2021[20] - Research and development expenses for the third quarter of 2022 were CNY 24,307,730.25, slightly down from CNY 25,516,139.81 in the previous year[20] Investment and Income - The company recorded an investment income of CNY 3,653,604.38, a significant decrease from CNY 17,869,920.65 in the same period of 2021[20] - The cash inflow from investment income was $881,155.65, down from $1,837,514.89 in the previous year, representing a decline of about 52.1%[24] - The company experienced a 401.90% increase in other income year-to-date, attributed to an increase in government subsidies related to normal business activities[8]