LOPAL(SH:603906)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥2,678,228,137.52, a decrease of 31.83% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was -¥72,549,925.48, representing a decline of 126.39% year-on-year[5] - The basic earnings per share for Q3 2023 was -¥0.19, a decrease of 136.62% compared to the same period last year[5] - Total operating revenue for Q3 2023 was ¥6,492,432,495.30, a decrease of 34.6% compared to ¥9,938,827,368.49 in Q3 2022[23] - Net profit for Q3 2023 was a loss of ¥901,331,881.73, compared to a profit of ¥962,641,169.82 in Q3 2022, representing a significant decline[24] - In Q3 2023, the company reported a total comprehensive loss of approximately ¥902.4 million, compared to a gain of ¥962.8 million in the same period last year[25] - Basic and diluted earnings per share for Q3 2023 were both -¥1.35, down from ¥1.38 in Q3 2022[25] Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥17,994,183,837.25, an increase of 22.49% from the end of the previous year[6] - The company's total assets increased to ¥17,994,183,837.25 in Q3 2023, up from ¥14,690,671,466.98 in Q3 2022, reflecting a growth of 22.4%[20] - Total liabilities rose to ¥13,224,197,180.99 in Q3 2023, compared to ¥9,081,207,233.00 in Q3 2022, marking an increase of 45.5%[20] - The company's non-current assets totaled ¥7,201,106,207.08 in Q3 2023, an increase of 32.8% from ¥5,420,967,296.57 in Q3 2022[20] - The total equity attributable to shareholders decreased to ¥3,964,807,274.62 in Q3 2023 from ¥4,722,640,242.61 in Q3 2022, a decline of 16.0%[20] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥464,948,772.34, a decline of 78.48% year-on-year[5] - For the first nine months of 2023, cash inflows from operating activities totaled approximately ¥4.19 billion, a decrease of 34.5% from ¥6.41 billion in the same period of 2022[26] - The net cash outflow from operating activities for the first nine months of 2023 was approximately -¥464.9 million, an improvement from -¥2.16 billion in the same period of 2022[27] - Cash inflows from investment activities for the first nine months of 2023 were approximately ¥105.3 million, compared to ¥36.7 million in the same period of 2022[27] - The net cash outflow from investment activities for the first nine months of 2023 was approximately -¥2.68 billion, worsening from -¥1.46 billion in the same period of 2022[27] - Cash inflows from financing activities in the first nine months of 2023 amounted to approximately ¥8.35 billion, an increase from ¥5.48 billion in the same period of 2022[27] - The net cash inflow from financing activities for the first nine months of 2023 was approximately ¥3.76 billion, slightly down from ¥3.89 billion in the same period of 2022[27] - The company's cash and cash equivalents at the end of Q3 2023 stood at approximately ¥2.15 billion, up from ¥1.10 billion at the end of Q3 2022[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 61,042[12] - The largest shareholder, Shi Junfeng, holds 37.63% of the shares, with 40,298,502 shares pledged[12] Strategic Focus and Risks - The company has maintained its financial budget goals for 2023 despite fluctuations in lithium carbonate prices and market demand, indicating a strategic focus on stability[14] - The company warned that actual operating performance in 2023 may significantly differ from budget targets due to market conditions and raw material price changes, highlighting investment risks[15] - The company has emphasized the importance of investor awareness regarding potential risks associated with market volatility and operational performance[15] - The company's financial budget report was approved by the board on April 25, 2023, and disclosed on April 27, 2023, reflecting proactive governance and transparency[14] Investments and Expenses - The company reported non-recurring gains and losses totaling ¥40,975,797.87 for Q3 2023[8] - The company reported a significant increase in trading financial assets, which rose to CNY 1,250,577,318.50 from CNY 30,738,267.90, marking a substantial growth of approximately 3,947.5%[17] - The company’s long-term equity investments decreased to CNY 95,247,548.00 from CNY 119,677,118.65, representing a decline of about 20.5%[17] - Research and development expenses for Q3 2023 were ¥429,436,723.72, slightly up from ¥412,070,870.25 in Q3 2022, indicating a focus on innovation[23] - The company experienced a substantial increase in financial expenses, with interest expenses rising to ¥145,870,723.20 in Q3 2023 from ¥113,051,145.26 in Q3 2022, an increase of 29.0%[23] - The company did not report any net profit from merged entities during the current or previous periods[25]