LDXC(SH:603937)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was CNY 401,088,400.49, a decrease of 7.33% compared to the same period last year[5]. - The net profit attributable to shareholders for the same period was CNY 40,271,070.61, down 6.30% year-on-year[5]. - The net profit after deducting non-recurring gains and losses increased by 2.80% year-on-year, reaching CNY 39,586,610.42[5]. - Year-to-date revenue as of the end of the reporting period was CNY 1,269,832,407.70, reflecting a growth of 31.71% compared to the same period last year[5]. - Year-to-date net profit attributable to shareholders was CNY 102,528,121.19, an increase of 24.09% year-on-year[5]. - The basic earnings per share for Q3 2021 was CNY 0.19, a decrease of 6.30% compared to the same period last year[6]. - Total operating revenue for the first three quarters of 2021 reached ¥1,269,832,407.70, a significant increase from ¥964,088,514.51 in the same period of 2020, representing a growth of approximately 32%[18]. - Net profit for the third quarter of 2021 was ¥102,528,121.19, up from ¥82,621,333.66 in the same quarter of 2020, reflecting a growth of approximately 24%[20]. - Total profit for the third quarter of 2021 was ¥131,500,345.06, compared to ¥107,517,141.29 in the same quarter of 2020, reflecting an increase of about 22%[20]. - Total comprehensive income for the third quarter of 2021 was ¥102,528,121.19, up from ¥82,621,333.66 in the same quarter of 2020, indicating a growth of about 24%[21]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date was negative CNY 22,439,814.79, indicating increased cash outflows due to inventory buildup[6]. - The net cash flow from operating activities was -$22,439,814.79, a significant decrease compared to $92,503,593.96 in the same quarter last year, indicating a decline of approximately 124%[23]. - Total cash outflow from operating activities amounted to $969,300,008.25, up from $561,529,461.67, reflecting an increase of about 72.5% year-over-year[23]. - The ending cash and cash equivalents balance was $294,595,404.75, down from $491,466,891.59, a decrease of approximately 40% year-over-year[23]. - The company paid $104,730,402.79 in dividends and interest, significantly higher than $36,197,015.55 in the same quarter last year, marking an increase of about 189%[23]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,809,585,340.19, a decrease of 1.99% from the end of the previous year[6]. - As of September 30, 2021, the company's total assets amounted to ¥1,809,585,340.19, a decrease from ¥1,846,360,466.77 at the end of 2020[16]. - The company's cash and cash equivalents decreased to ¥349,464,573.01 from ¥510,062,554.07 year-over-year, representing a decline of approximately 31.5%[14]. - Accounts receivable increased significantly to ¥292,663,801.18, up from ¥175,007,699.64, reflecting a growth of approximately 67.1%[14]. - Inventory levels rose to ¥384,241,004.48, compared to ¥247,585,321.62, indicating an increase of about 55%[14]. - Total current liabilities decreased to ¥312,579,598.18 from ¥347,355,945.95, a reduction of approximately 10%[16]. - The company's total equity stood at ¥1,495,747,675.35, slightly down from ¥1,497,659,554.16, showing a decrease of about 0.1%[16]. - The company reported a decrease in short-term borrowings to ¥10,010,694.44 from ¥20,021,388.89, a reduction of approximately 50%[15]. - The total liabilities decreased to ¥313,837,664.84 from ¥348,700,912.61, reflecting a decline of about 10%[16]. - The company’s other receivables decreased to ¥1,975,406.36 from ¥2,473,221.24, a decline of approximately 20%[14]. - The company’s long-term assets totaled ¥350,254,734.02, slightly down from ¥351,866,456.16, indicating a decrease of about 0.5%[15]. Revenue and Costs - The increase in revenue year-to-date was primarily driven by rising aluminum prices and increased sales of color-coated aluminum in the construction industry[9]. - Total operating costs for the first three quarters of 2021 were ¥1,139,062,898.33, compared to ¥866,980,317.04 in 2020, indicating an increase of about 31%[19]. - Cash inflow from operating activities for the first three quarters of 2021 totaled ¥946,860,193.46, compared to ¥654,033,055.63 in 2020, representing an increase of about 45%[22]. - Sales revenue from goods and services received cash for the first three quarters of 2021 was ¥850,937,544.55, compared to ¥580,781,785.26 in 2020, representing an increase of approximately 46%[22]. Research and Development - Research and development expenses for the third quarter of 2021 amounted to ¥17,954,283.28, up from ¥12,056,159.42 in the same quarter of 2020, indicating a growth of approximately 49%[19]. Tax and Other Expenses - Tax expenses for the third quarter of 2021 were ¥28,972,223.87, compared to ¥24,895,807.63 in the same quarter of 2020, showing an increase of approximately 16%[20]. Investment Activities - Cash inflow from investment activities was $424,824,836.94, compared to $244,941,105.26 in the previous year, representing an increase of approximately 73.3%[23]. - The net cash flow from investment activities was $19,426,200.07, down from $141,607,939.26, indicating a decline of about 86.3% year-over-year[23]. - The company reported a total cash outflow from investment activities of $405,398,636.87, which is a substantial increase from $103,333,166.00 in the previous year, reflecting a rise of approximately 292%[23]. Exchange Rate Impact - The impact of exchange rate changes on cash and cash equivalents was -$996,539.36, compared to -$560,345.61 last year, indicating a worsening effect of approximately 77.8%[23]. Leasing Standards - The company did not apply the new leasing standards for the current financial year, as indicated in the report[24].