LME(SH:688589)2020-10-25 16:00Financial Performance - Operating revenue for the first nine months decreased by 9.76% year-on-year, totaling CNY 146,226,974.38[7] - Net profit attributable to shareholders dropped by 35.20% year-on-year, amounting to CNY 8,692,788.65[7] - Basic and diluted earnings per share fell by 38.89% to CNY 0.11[7] - Total revenue for the first nine months of 2020 reached ¥6,028,050.53, a 49.62% increase compared to ¥4,028,897.08 in the same period of 2019[20] - The company reported a net profit of ¥3,307,000.00 for Q3 2020, compared to a net loss in Q3 2019[33] - The net profit attributable to shareholders for Q3 2020 was a loss of ¥6,888,398.02, compared to a loss of ¥8,966,284.51 in Q3 2019, showing an improvement of approximately 23.9%[36] - The total comprehensive income for Q3 2020 was a loss of ¥6,949,223.60, compared to a loss of ¥8,916,718.32 in Q3 2019, reflecting a reduction of about 22.0%[36] - The total profit (loss) for Q3 2020 was reported at -¥9,069,732.97, compared to -¥3,417,591.11 in Q3 2019, indicating a worsening financial position[40] Assets and Liabilities - Total assets increased by 112.44% year-on-year, reaching CNY 799,264,154.55[6] - Total assets increased significantly, with other non-current assets rising by 255.60% to ¥4,255,072.41 from ¥1,196,603.77[15] - The company's total assets reached ¥799,264,154.55, up from ¥376,226,663.83 at the end of 2019[26] - Total current assets as of September 30, 2020, were ¥757,796,743.17, significantly up from ¥336,298,822.51 at the end of 2019[25] - Total liabilities decreased to ¥102,299,314.60 from ¥113,479,495.62, indicating improved financial stability[27] - The company's total liabilities as of the end of Q3 2020 amounted to ¥112,162,961.99, indicating a stable financial structure[50] - The total liabilities decreased to ¥150,055,560.15 from ¥157,059,390.57, showing a reduction of 4.3%[31] - The company’s total current liabilities represent approximately 37% of total assets, indicating a manageable liquidity position[55] Cash Flow - Net cash flow from operating activities decreased by 123.61%, resulting in a negative cash flow of CNY 34,704,685.42[8] - Cash received from investments amounted to ¥311,460,000.00, attributed to the recovery of principal from financial management products[20] - Cash payments for fixed assets and intangible assets rose by 139.34% to ¥7,851,277.12 from ¥3,280,362.89, indicating increased asset purchases during the reporting period[20] - The cash flow from operating activities for Q3 2020 showed a net outflow of ¥34,704,685.42, worsening from a net outflow of ¥15,520,355.84 in Q3 2019[44] - The company experienced a net cash outflow from operating activities of ¥37,020,045.73 in Q3 2020, compared to a net outflow of ¥23,437,370.65 in Q3 2019, reflecting challenges in operational cash generation[47] - The company raised ¥451,355,141.51 from investments in Q3 2020, which is a new funding source for future growth[47] Research and Development - Research and development expenses accounted for 21.67% of operating revenue, an increase of 2.62 percentage points compared to the previous year[7] - R&D expenses for the first three quarters of 2020 amounted to ¥31,683,657.01, compared to ¥30,872,211.95 in the same period of 2019, indicating a 2.6% increase[33] - R&D expenses for Q3 2020 amounted to ¥7,849,057.48, an increase of 18.56% compared to ¥6,620,563.11 in Q3 2019[39] Fundraising and Investments - The company received net fundraising of CNY 425,551,600, contributing to the increase in total and net assets[6] - The company plans to utilize raised funds for financial investments, contributing to investment income of ¥731,214.88 during the reporting period[18] - The company reported other income of ¥265,232.43 in Q3 2020, which was consistent with the previous year's figure of ¥264,272.79[39] Market Strategy - The company plans to expand its market presence and invest in new technologies to drive future growth[33] - The company is expected to continue its efforts in market expansion and product development to enhance future performance[37]