LPXD(SZ:002114)2023-10-26 16:00Financial Performance - Revenue for Q3 2023 was CNY 330,017,104.93, a decrease of 42.96% compared to the same period last year[5] - Net profit attributable to shareholders was CNY -19,219,487.14, representing an increase of 58.21% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -35,058,002.27, a decrease of 25.08% compared to the previous year[5] - Basic and diluted earnings per share were both CNY -0.06, reflecting a 57.14% increase year-on-year[5] - Total operating revenue for Q3 2023 was CNY 1,150,249,659.43, a decrease of 24% compared to CNY 1,514,312,531.57 in the same period last year[18] - Net loss for Q3 2023 was CNY 118,557,047.83, slightly improved from a net loss of CNY 121,159,485.39 in Q3 2022[20] - The basic and diluted earnings per share for Q3 2023 were both CNY -0.35, compared to CNY -0.37 in Q3 2022[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 2,498,296,981.26, a slight increase of 0.15% from the end of the previous year[5] - The company's total liabilities increased to CNY 1,326,921,409.54 from CNY 1,215,226,091.76 year-over-year, indicating a rise of about 9%[19] - The company's total current liabilities decreased to RMB 432,943,065.76 from RMB 572,976,273.52, a reduction of approximately 24.4%[15] - The total liabilities of the company decreased, indicating improved financial stability and reduced debt levels[15] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 257,259,387.54, an increase of 6.90%[5] - Cash flow from operating activities decreased to CNY 1,404,390,011.02 in Q3 2023, down from CNY 1,795,891,030.60 in the previous year, representing a decline of approximately 22%[21] - The net cash flow from operating activities for Q3 2023 was CNY 257,259,387.54, a significant decrease compared to CNY 3,672,656.50 in Q3 2022[22] - Cash flow from investing activities showed a net outflow of CNY 124,116,107.10, compared to a net outflow of CNY 71,474,378.02 in the previous year[22] - Cash inflow from financing activities was CNY 576,149,025.34, while cash outflow totaled CNY 704,059,093.41, leading to a net cash flow of -CNY 127,910,068.07[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 36,905[12] - The largest shareholder, Luoping Zinc & Electricity Company, holds 27.40% of the shares, totaling 88,597,600 shares[12] Operational Efficiency - The company is focusing on enhancing its operational efficiency and exploring new market opportunities for future growth[15] - The company reported a significant increase in accounts receivable by 146.82% to CNY 7,461,185.34 due to outstanding payments from sales[9] - Contract liabilities surged by 562.54% to CNY 74,577,490.27, attributed to a shift to a prepayment sales model[9] - The company's operating profit decreased by 48.55% to -111,121,093.30 CNY due to a decline in zinc ingot and sulfuric acid sales prices, as well as reduced power generation[10] Research and Development - Research and development expenses decreased by 35.44% to 2,184,985.01 CNY, primarily due to reduced depreciation and inspection costs compared to the same period last year[10] - Research and development expenses for Q3 2023 were CNY 2,184,985.01, down from CNY 3,384,477.81 in the same period last year, indicating a decrease of approximately 35%[19] Other Income and Expenses - Other income increased by 279.44% to 7,798,579.79 CNY, mainly due to a 5% VAT deduction policy benefiting the company[10] - Investment income dropped by 119.22% to -3,171,184.19 CNY, attributed to losses from three associated companies[10] - The company reported a non-recurring gain of CNY 15,838,515.13 for the reporting period[8] - The company experienced an 80.64% reduction in credit impairment losses, amounting to 206,306.10 CNY, due to a decrease in other receivables[10]