Lionco(SH:603669)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 1.09% to CNY 152,359,597.78 year-to-date[6] - Operating revenue decreased by 36.44% to CNY 769,993,995.94 year-to-date[6] - Net cash flow from operating activities decreased by 87.19% to CNY 21,215,904.94 year-to-date[6] - The company reported a significant increase in cash received from other operating activities, up 136.48% to ¥98,837,351.06 from ¥41,795,578.44, due to the receipt of industrial development support funds[15] - Total operating revenue for Q3 2020 was ¥296,221,164.68, a decrease of 20.9% compared to ¥374,341,024.34 in Q3 2019[28] - Total operating costs for Q3 2020 were ¥266,342,240.16, down 20.0% from ¥333,091,560.44 in Q3 2019[29] - Net profit for Q3 2020 reached ¥76,067,347.21, an increase of 84.5% from ¥41,217,193.96 in Q3 2019[30] - Year-to-date revenue for the first three quarters of 2020 was ¥746.88 million, down 37.6% from ¥1.20 billion in the same period of 2019[34] - Q3 2020 net profit reached ¥80.45 million, an increase of 125.8% from ¥35.78 million in Q3 2019[35] - Year-to-date net profit for the first three quarters of 2020 was ¥166.64 million, up 5.2% from ¥158.03 million in the same period of 2019[35] Assets and Liabilities - Total assets increased by 7.41% to CNY 2,055,285,545.45 compared to the end of the previous year[6] - Cash and cash equivalents increased by 85.38% to ¥947,276,892.42 from ¥510,985,756.04 due to the redemption of certain financial products and increased bank borrowings[13] - Trade financial assets decreased by 71.58% to ¥101,112,328.77 from ¥355,776,365.62 primarily due to the redemption of certain financial products[13] - Total current assets rose from ¥1,226,063,330.73 to ¥1,364,300,505.13, reflecting an increase of approximately 11.3%[20] - Total liabilities increased from ¥599,604,112.97 to ¥691,014,385.03, representing a rise of about 15.3%[21] - Owner's equity rose from ¥1,313,831,562.64 to ¥1,364,271,160.42, an increase of approximately 3.8%[22] - Long-term borrowings increased from ¥190,000,000.00 to ¥290,000,000.00, a growth of about 52.6%[21] - Accounts receivable decreased from ¥228,749,626.14 to ¥167,280,587.83, a decline of approximately 26.9%[20] - Inventory increased from ¥89,806,357.04 to ¥97,677,362.85, an increase of about 9.8%[20] - Short-term borrowings surged from ¥60,043,083.33 to ¥283,772,313.91, an increase of approximately 371.5%[21] Shareholder Information - The total number of shareholders reached 27,759 at the end of the reporting period[11] - The largest shareholder, Lingkang Holdings Group Co., Ltd., holds 49.50% of the shares, with 156,862,760 shares pledged[11] Government Support and Other Income - Government subsidies recognized in the current period amounted to CNY 54,034,982.75[8] - Non-recurring gains and losses totaled CNY 50,376,772.17 year-to-date[9] - Other income increased by 126.23% to ¥87,793,401.54 from ¥38,807,563.96, mainly due to increased industrial development support funds received[15] - The company reported other income of ¥53.86 million in Q3 2020, significantly higher than ¥0.30 million in Q3 2019[34] Future Plans and Strategic Changes - The company plans to raise up to ¥52,500,000 through a public offering of convertible bonds to invest in the Hainan Lingkang Pharmaceutical Meian production base project, which will enhance product lines and optimize product structure[16] - The company plans to focus on market expansion and new product development in the upcoming quarters[28] - The company terminated its participation in the establishment of a health insurance company, agreeing to exit the筹活动 without incurring any liabilities[16] Cash Flow and Financing Activities - The company's cash inflow from operating activities for the first three quarters of 2020 was CNY 1,031,095,385.95, a decrease of 25.3% compared to CNY 1,381,267,058.35 in the same period of 2019[36] - The net cash flow from operating activities for the first three quarters of 2020 was CNY 21,215,904.94, down 87.2% from CNY 165,562,692.12 in the previous year[36] - The company reported a net cash inflow from investment activities of CNY 209,087,254.20, a significant improvement compared to a net outflow of CNY 224,901,756.59 in the same period of 2019[37] - Cash inflow from financing activities increased to CNY 383,664,091.64 in 2020 from CNY 60,000,000.00 in 2019, marking a growth of 538.9%[37] - The net increase in cash and cash equivalents for the first three quarters of 2020 was CNY 437,964,715.99, compared to a net decrease of CNY 180,739,231.18 in the same period of 2019[37]