Lily Group(SH:603823)2019-10-30 16:00Financial Performance - Revenue for the first nine months grew by 9.62% to CNY 1,487,000,121.01[5] - Net profit attributable to shareholders increased by 15.66% to CNY 174,739,300.39[5] - Net profit excluding non-recurring gains and losses rose by 23.60% to CNY 162,273,980.57[5] - Basic earnings per share increased by 16.42% to CNY 0.78[8] - Total operating revenue for Q3 2019 was approximately $476.61 million, an increase of 3.3% compared to $460.60 million in Q3 2018[26] - Net profit for Q3 2019 was approximately $69.33 million, a decrease of 4.4% from $72.42 million in Q3 2018[27] - The company reported a total profit of approximately $82.01 million for Q3 2019, down from $84.90 million in Q3 2018, indicating a decline of 3.4%[27] - Earnings attributable to shareholders for Q3 2019 were approximately $61.15 million, compared to $63.25 million in Q3 2018, a decrease of 3.3%[28] - The company’s total comprehensive income for Q3 2019 was approximately $69.33 million, slightly lower than $72.42 million in Q3 2018[28] Assets and Liabilities - Total assets increased by 5.70% to CNY 2,440,118,875.5 compared to the end of the previous year[5] - Current liabilities totaled CNY 520,944,192.97, up from CNY 496,384,608.92, indicating an increase of about 4.06%[24] - Non-current liabilities decreased to CNY 65,416,032.97 from CNY 71,862,323.82, a reduction of approximately 8.97%[24] - The total liabilities and shareholders' equity reached CNY 1,976,144,916.48, consistent with total assets, indicating a balanced financial position[25] - Total liabilities reached CNY 699,435,634.97, remaining unchanged from the previous reporting period[42] Shareholder Information - The total number of shareholders reached 12,763[12] - The largest shareholder, Baihehua Holdings Co., Ltd., holds 64.45% of the shares[12] Cash Flow - Operating cash flow for the first nine months increased by 29.96% to CNY 122,432,074.65[5] - Net cash flow from operating activities increased by 29.96% to RMB 122,432,074.65, mainly due to a decrease in accounts payable compared to the same period last year[16] - Total cash inflow from operating activities was CNY 948,934,358.05, slightly down from CNY 950,912,399.72 in the previous year[35] - Cash outflow from operating activities decreased to CNY 826,502,283.40 from CNY 856,701,632.12, indicating improved cash management[35] - The net cash flow from investing activities was -CNY 93,533,229.71, an improvement from -CNY 132,127,321.67 in the same period last year[35] - The net cash flow from financing activities was -CNY 22,140,367.82, an improvement compared to -CNY 27,738,465.76 in 2018[36] Investments and Expenses - Research and development expenses for Q3 2019 were approximately $23.53 million, representing an increase of 17.9% compared to $20.10 million in Q3 2018[26] - Financial expenses decreased by 75.15% to RMB -928,650, attributed to changes in exchange gains and losses[16] - The financial expenses for the first three quarters of 2019 showed a significant reduction, with a net financial cost of ¥1,611,315.99 compared to a gain of ¥203,020.32 in the previous year[30] Inventory and Receivables - Accounts receivable decreased by 49.63% to RMB 9,375,091.77, primarily due to a reduction in receivable notes[14] - Inventory levels decreased to CNY 321,634,060.10 from CNY 334,979,988.60, a decline of about 3.99%[23] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[30]