LFBC(SZ:002513)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 was ¥236,491,965.97, a decrease of 11.57% compared to the same period last year[4] - Total revenue for Q3 2023 was CNY 763,015,745.63, a decrease of 30.0% compared to CNY 1,091,224,761.19 in the same period last year[21] - The net profit attributable to shareholders was -¥44,314,002.86, representing a decline of 319.92% year-on-year[4] - Operating profit for Q3 2023 was CNY -131,629,535.52, compared to CNY -18,894,383.69 in Q3 2022, indicating a significant decline in profitability[21] - The net loss for the third quarter was CNY 135.98 million, compared to a net loss of CNY 12.10 million in the previous year, indicating a significant increase in losses[22] - The total comprehensive loss for the quarter was CNY 135.70 million, compared to a loss of CNY 12.10 million in the previous year[22] Earnings and Shareholder Information - The basic earnings per share for the period was -¥0.1186, down 320.70% from the previous year[4] - The basic and diluted earnings per share for the third quarter were both CNY -0.3638, compared to CNY -0.0323 in the previous year[22] - The total number of ordinary shareholders at the end of the reporting period was 16,909, with no preferred shareholders[13] - The top ten shareholders hold a combined 70.32% of the company's shares, with the largest shareholder, Zheng Xu, holding 18.04%[13] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,460,768,263.53, a decrease of 1.00% from the end of the previous year[4] - Non-current assets decreased to CNY 1,061,735,281.47 from CNY 1,115,270,289.88, a decline of 4.8%[18] - Total current liabilities increased to CNY 1,150,600,333.84, up 10.9% from CNY 1,036,911,460.90[19] - The company’s total equity attributable to shareholders decreased by 37.59% to ¥223,186,388.39 compared to the previous year[4] Cash Flow - The company's cash flow from operating activities showed a net outflow of -¥114,734,899.63, a decline of 178.94% year-to-date[4] - The cash flow from operating activities showed a net outflow of CNY 114.73 million, worsening from a net outflow of CNY 41.13 million in the same period last year[23] - The cash flow from financing activities generated a net inflow of CNY 170.55 million, a substantial increase from CNY 5.93 million in the same period last year[24] - The company’s cash and cash equivalents were impacted by exchange rate fluctuations, resulting in a decrease of 88.60% in the cash effect from foreign exchange[11] Research and Development - Research and development expenses increased by 106.74% to ¥6,487,821.43, indicating a focus on innovation[10] - Research and development expenses increased to CNY 6,487,821.43, up 106.0% from CNY 3,138,082.33 year-on-year[21] Other Income and Expenses - The company reported a significant increase in other income by 46.27% to ¥4,695,645.56, primarily due to tax exemptions[10] - The company incurred operating expenses of CNY 535.75 million, a decrease from CNY 1,076.80 million in the same period last year[23] - The company received CNY 8.33 million in tax refunds during the quarter, down from CNY 43.52 million in the same period last year[23] Share Transactions and Acquisitions - The company completed the transfer of 33,610,000 shares from a major shareholder, representing 8.99% of the total share capital, to Hainan Wenqin Private Fund Management[15] - The company acquired 51% of Anhui Xuhe New Energy Technology Co., Ltd. for RMB 67,523,490, becoming its controlling shareholder[16] - The company is actively expanding its market presence through strategic acquisitions and investments in new technologies[16] Stock Structure - The company’s stock structure changed post-acquisition, with Bluefeng holding 51%, Zheng Xu 31.85%, and other investors holding the remainder[16]