LDXC(SH:603937)2020-10-29 16:00Financial Performance - Operating revenue decreased by 5.47% to CNY 964,088,514.51 for the year-to-date period[7] - Net profit attributable to shareholders decreased by 9.92% to CNY 82,621,333.66 year-on-year[7] - Cash flow from operating activities decreased by 46.60% to CNY 92,503,693.96 compared to the same period last year[7] - The weighted average return on equity decreased by 1.01 percentage points to 5.72%[7] - Total operating revenue for Q3 2020 was ¥432,791,464.78, an increase of 7.4% compared to ¥403,209,271.68 in Q3 2019[25] - Net profit for the first three quarters of 2020 was ¥964,088,514.51, down 5.5% from ¥1,019,834,702.10 in the same period of 2019[25] - The net profit for Q3 2020 was CNY 42,977,036.03, compared to CNY 36,543,000.51 in Q3 2019, reflecting a growth of about 17.5%[29] - The total profit for Q3 2020 was CNY 57,167,297.94, compared to CNY 48,043,905.11 in Q3 2019, marking an increase of approximately 19.1%[31] - The company's operating profit for Q3 2020 was CNY 57,195,345.90, compared to CNY 47,632,757.56 in Q3 2019, showing a growth of about 19.5%[31] Assets and Liabilities - Total assets increased by 6.85% to CNY 1,748,847,541.18 compared to the end of the previous year[7] - Total assets as of September 30, 2020, amounted to 1,748,847,541.18, an increase from 1,636,778,713.43 at the end of 2019[19] - Current assets totaled 1,399,091,655.66 as of September 30, 2020, compared to 1,321,818,518.25 at the end of 2019[19] - Total liabilities as of September 30, 2020, were 283,332,144.18, up from 218,375,050.09 at the end of 2019[21] - Total current assets reached ¥1,268,927,395.42, up from ¥1,207,739,006.19 in the previous year, indicating a growth of 5.1%[24] - Total liabilities increased to ¥274,746,014.95 in Q3 2020, compared to ¥215,352,470.07 in Q3 2019, marking a rise of 27.6%[24] Cash Flow - Cash flow from investing activities showed a significant decline of 342.21%, reaching 141,607,939.26 compared to -58,464,309.60, primarily due to the purchase of financial products[15] - Net cash flow from financing activities decreased by 90.75% to -1,197,015.55 from -12,935,209.88, mainly due to an increase in borrowings[15] - The net cash flow from operating activities for the first three quarters of 2020 was CNY 92,503,693.96, a decrease of 46.5% compared to CNY 173,236,826.85 in the first three quarters of 2019[36] - The cash flow from operating activities was negatively impacted by a decrease in cash received from sales, which totaled CNY 580,781,785.26, down from CNY 826,410,086.35 in the previous year[36] - The cash flow from investing activities generated a net inflow of CNY 141,607,939.26 in the first three quarters of 2020, compared to a net outflow of CNY 58,464,309.60 in the same period of 2019[37] Shareholder Information - The number of shareholders reached 20,010 by the end of the reporting period[10] - The company's retained earnings increased to ¥538,831,020.37, up from ¥500,784,038.27 in the previous year, showing a growth of 7.6%[24] Expenses and Income - Financial expenses decreased by 79.11% to -731,092.23 from -3,499,369.53 due to increased interest income and foreign exchange gains[14] - Other income fell by 71.95% to 495,540.25 from 1,766,900.00 primarily due to a reduction in government subsidies received[14] - Research and development expenses for Q3 2020 were ¥4,699,429.25, a decrease of 21.3% from ¥5,971,113.20 in Q3 2019[25] - The company incurred income tax expenses of CNY 14,190,261.91 in Q3 2020, compared to CNY 11,500,904.60 in Q3 2019, indicating an increase of about 23.4%[31] Inventory and Receivables - Accounts receivable increased by 38.73% to CNY 235,075,314.34, attributed to rising revenues in Q3[12] - Inventory increased to ¥200,110,033.09 in Q3 2020, compared to ¥170,158,009.72 in Q3 2019, representing an increase of 17.6%[24]