LZJT(SZ:300428)2023-10-25 16:00Financial Performance - The total operating revenue for the third quarter of 2023 was CNY 17,127,356,942.51, an increase of 7.16% compared to CNY 15,980,134,439.22 in the same period last year[18]. - The total operating costs for the third quarter of 2023 were CNY 16,745,625,939.44, up 7.29% from CNY 15,606,724,506.88 in the previous year[18]. - The company's net profit for the reporting period reached ¥419,134,435.31, an increase from ¥399,911,407.45 in the previous period, representing a growth of approximately 4.5%[39]. - The total profit amounted to ¥486,920,315.27, compared to ¥443,639,463.59 in the prior period, indicating an increase of about 9.8%[39]. - The basic earnings per share rose to ¥0.67 from ¥0.65, reflecting a growth of 3.1%[39]. - Operating revenue for the third quarter reached ¥6,240,326,186.50, an increase of 5.26% year-on-year[47]. - Net profit attributable to shareholders was ¥165,385,349.18, up 35.16% compared to the same period last year[47]. - The company reported operating income of ¥486,887,182.57, an increase from ¥445,419,564.04 in the previous period, showing a growth of approximately 9.3%[39]. Expenses and Costs - Research and development expenses increased to CNY 548,940,309.94, a rise of 18.41% from CNY 463,668,703.07 in the prior year[18]. - Selling expenses increased by 34.34% to ¥228,803,614.50, primarily due to increased overseas sales and related costs[50]. - Financial expenses rose by 34.57% to ¥162,174,605.57, mainly due to increased borrowing costs[50]. Cash Flow and Investments - The company's cash flow from operating activities showed a significant increase, reflecting improved operational efficiency and revenue generation[20]. - Net cash flow from operating activities was ¥436,622,138.89, representing a significant increase of 201.76% year-to-date[47]. - Cash flow from investing activities showed a net outflow of ¥826,427,790.38, a decrease of 23.01% compared to the previous year[50]. - The company reported a loss from the disposal of non-current assets amounting to -96,344.19 yuan for the current period, with a total loss of -651,105.44 yuan from the beginning of the year to the end of the reporting period, primarily due to fixed asset sales losses[54]. - Investment income surged by 372.46% to ¥4,552,842.24, attributed to higher returns from financial and futures investments[50]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥18,981,045,686.61, a 12.02% increase from the end of the previous year[47]. - Total liabilities rose to ¥12,340,143,805.55, compared to ¥11,001,608,670.13, marking an increase of about 12.2%[66]. - The company’s total non-current assets amounted to ¥5,705,306,649.61, compared to ¥5,144,971,998.02, reflecting an increase of approximately 10.9%[66]. - The company’s long-term equity investments were reported at 108,277,101.41 yuan, a slight decrease from 109,713,460.53 yuan at the beginning of the year[64]. Shareholder Information - The company has approved a share repurchase plan, with the specific details disclosed in the announcement dated October 9, 2023[33]. - The total number of restricted shares at the beginning of the period was 104,232,300, with 7,898,516 shares released from restrictions during the period[31]. - As of September 30, 2023, the total number of common shareholders was 22,435, an increase from the previous period[56]. - Tianjin Dong'an Brothers Limited Company holds 36.47% of the shares, amounting to 227,971,910 shares, making it the largest shareholder[56]. Fundraising and Projects - The company plans to invest CNY 100 million from the remaining fundraising into a new project for producing 1.5 million green ultra-light aluminum alloy wheels annually[14]. - The company has signed a four-party supervision agreement for the management of raised funds, ensuring proper allocation towards investment projects[12]. - The company has reduced the scale of fundraising for the "New Lightweight Aluminum Alloy Material Manufacturing Project" and redirected funds to more suitable projects[13]. - The company plans to reduce some fundraising projects and allocate the remaining funds to new projects[34].