Layn(SZ:002166)2020-04-02 16:00Financial Performance - Operating revenue for the reporting period was ¥128,918,159.05, down 13.07% compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company was ¥16,627,412.48, a significant increase of 219.02% year-on-year[7]. - Basic earnings per share were ¥0.03, representing a 200.00% increase compared to the same period last year[7]. - The company reported a comprehensive income of CNY 18,489,957.53 for Q3 2019, compared to CNY 7,765,957.70 in Q3 2018, reflecting improved overall performance[43]. - Net profit for Q3 2019 reached CNY 16,627,390.66, representing a significant increase of 219.56% compared to CNY 5,212,094.61 in Q3 2018[42]. - The company reported a net profit of ¥75,632,221.93 for the year-to-date period, slightly down from ¥77,472,042.49, a decrease of 2.4%[49]. - Basic earnings per share for Q3 2019 were ¥0.15, compared to ¥0.18 in the same period last year[50]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,594,568,025.50, an increase of 22.27% compared to the end of the previous year[7]. - The company's total liabilities decreased to CNY 854,028,273.51 from CNY 1,008,216,346.50, a reduction of approximately 15.3%[33]. - The total equity attributable to shareholders increased to CNY 1,740,739,679.99 from CNY 1,113,665,614.29, reflecting a growth of about 56.2%[34]. - The company's total liabilities amounted to CNY 582,117,640.07, a decrease from CNY 666,135,812.31 in the previous year[39]. - Total current liabilities decreased to CNY 699,562,706.47 from CNY 878,560,189.08, a reduction of about 20.4%[33]. - The total assets of the company reached CNY 2,174,175,327.46, an increase from CNY 1,650,979,323.23 in the previous year, showcasing growth in asset base[39]. Cash Flow - The net cash flow from operating activities was ¥6,609,637.12, a decrease of 77.42% compared to the previous year[7]. - The net cash flow from financing activities increased by 507.55% to approximately CNY 440.16 million, primarily due to funds received from the rights issue[16]. - Cash inflow from financing activities totaled 747,234,724.98, significantly higher than 334,733,333.89 in the previous period, indicating strong financing activity[58]. - The net cash flow from operating activities was -26,712,237.60 CNY, compared to -10,241,043.29 CNY in the previous year, indicating a decline in operational cash generation[61]. Shareholder Information - The total number of shareholders at the end of the reporting period was 59,071[11]. - The top shareholder, Qin Benjun, holds 18.74% of the shares, with 105,919,507 shares pledged[11]. Investment Activities - The company plans to invest USD 58.18 million in the construction of an industrial hemp extraction and application project in the United States[18]. - The company has established a wholly-owned subsidiary in the U.S. for the industrial hemp project, which is progressing according to the contract timeline[19]. - The company reported a net loss in investment activities of -19,065,830.63 CNY, an improvement from -71,750,964.61 CNY in the previous year[61]. Financial Adjustments - The company adjusted its financial statements in accordance with new financial instrument standards, impacting the classification of certain assets[65]. - The adjustment of "available-for-sale financial assets" to "other non-current financial assets" was made according to new financial instrument standards[69].