L&K(SH:603929)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 38.29% to CNY 86,950,385.64 for the year-to-date period[6] - Operating revenue for the year-to-date period fell by 30.68% to CNY 1,293,622,864.90 compared to the same period last year[6] - Basic earnings per share decreased by 37.88% to CNY 0.41[7] - The weighted average return on equity decreased by 5.91 percentage points to 7.80%[7] - Total revenue for Q3 2019 was CNY 288,103,132.30, a decrease of 37.8% compared to CNY 463,099,692.60 in Q3 2018[25] - Net profit for the first three quarters of 2019 was CNY 101,000,000, reflecting a decline compared to the previous year[25] - The total profit for the first three quarters of 2019 was approximately ¥102.76 million, down from ¥165.03 million in the same period of 2018, indicating a decline of about 38%[26] - The net profit for Q3 2019 was approximately ¥28.89 million, compared to ¥38.36 million in Q3 2018, representing a decrease of around 25%[27] - The total comprehensive income for Q3 2019 was approximately ¥29.67 million, compared to ¥39.48 million in Q3 2018, showing a decline of about 25%[29] Cash Flow - The net cash flow from operating activities for the year-to-date period was CNY -264,366,729.39, a decrease of 508.16% compared to the previous year[6] - Net cash flow from operating activities was negative at -¥264,366,729.39, a decline of 508.16% compared to ¥64,770,506.26 in the previous year, due to significant project funding and slow repayments[12] - The cash flow from operating activities for the first nine months of 2019 was CNY -264,366,729.39, a significant decline from CNY 64,770,506.26 in the same period of 2018[37] - The cash flow from investment activities generated a net inflow of CNY 91,043,858.00 in the first nine months of 2019, contrasting with a net outflow of CNY -76,631,643.66 in the previous year[37] - The net cash flow from financing activities was -¥53,340,000.00, compared to -¥41,958,509.87 in the previous year, indicating increased cash outflow[39] Assets and Liabilities - Total assets increased by 1.97% to CNY 1,972,658,542.16 compared to the end of the previous year[6] - Total liabilities amounted to CNY 787,745,865.96, compared to CNY 758,630,922.34 in the previous year, indicating a 3.5% increase[23] - Shareholder equity increased to CNY 998,543,393.87 from CNY 960,799,240.76, marking a growth of 3.9%[23] - The company’s total assets as of September 30, 2019, were ¥1,972,658,542.16, compared to ¥1,934,595,367.76 at the end of 2018[18] - The total liabilities were reported at ¥816,747,861.40, consistent with the previous year’s figures[42] - The equity attributable to shareholders was ¥1,100,127,182.08, unchanged from the previous year[42] Shareholder Information - The company reported a total of 18,716 shareholders at the end of the reporting period[9] - The largest shareholder, 亚翔工程股份有限公司, holds 53.99% of the shares[9] Operational Metrics - Cash and cash equivalents decreased by 57.09% to ¥169,841,210.77 from ¥395,842,320.00 due to funding for engineering projects[11] - Accounts receivable increased by 41.53% to ¥906,243,920.94 from ¥640,303,882.32, attributed to slow collection of previous project payments[11] - Operating costs fell by 31.81% to ¥1,133,163,562.95 from ¥1,661,703,364.76, reflecting the decrease in revenue[12] - The company reported a 100% decrease in asset impairment losses, with no losses recorded this period compared to ¥21,512,898.38 last year[12] - The balance of construction in progress increased by 259.06% to ¥24,552,335.80 from ¥6,837,930.07, indicating ongoing investment in R&D center construction[11] Research and Development - Research and development expenses for Q3 2019 were CNY 4,565,693.60, down 12.4% from CNY 5,214,444.92 in Q3 2018[25] - Other income increased by 248.20% to ¥688,702.29 from ¥197,788.85, driven by a special subsidy for R&D growth[12]