LPM(605577)2024-10-28 09:53Financial Performance - The company's operating revenue for Q3 2024 was ¥632,516,624.41, a decrease of 22.02% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥121,259,411.01, down 47.13% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥118,170,531.35, a decrease of 47.77% compared to the previous year[2]. - Basic earnings per share for Q3 2024 were ¥0.2728, down 47.13% year-on-year[3]. - The weighted average return on equity for Q3 2024 was 3.21%, a decrease of 3.13 percentage points compared to the previous year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 1,401,502,839.23, a decrease of 14.6% compared to CNY 1,641,929,302.75 in the same period of 2023[16]. - Net profit for the first three quarters of 2024 was CNY 223,761,600.63, a decline of 37.4% from CNY 357,354,929.06 in the same period of 2023[18]. - Basic earnings per share for the first three quarters of 2024 were CNY 0.5035, down from CNY 0.8040 in 2023, a decrease of 37.4%[18]. - The company reported a total comprehensive income of CNY 223,969,930.73 for the first three quarters of 2024, compared to CNY 358,576,146.15 in 2023, a decrease of 37.4%[18]. Cash Flow - The net cash flow from operating activities for Q3 2024 was ¥77,173,813.09, with a significant decrease of 101.65% year-to-date[3]. - In the first three quarters of 2024, the company's cash inflow from operating activities was approximately ¥952.59 million, a decrease of 27.5% compared to ¥1,314.10 million in the same period of 2023[20]. - The net cash flow from operating activities for the first three quarters of 2024 was -¥4.48 million, contrasting with a positive cash flow of ¥271.76 million in the same period of 2023[20]. - The total cash outflow from operating activities was approximately ¥957.08 million, down from ¥1,042.34 million in the first three quarters of 2023, indicating a decrease of 8.2%[20]. - The company paid approximately ¥68.83 million in taxes during the first three quarters of 2024, significantly higher than ¥19.79 million in the same period of 2023, representing an increase of 247.5%[20]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥5,593,526,437.13, an increase of 5.12% from the end of the previous year[3]. - The equity attributable to shareholders at the end of Q3 2024 was ¥3,833,054,938.14, up 5.17% from the end of the previous year[3]. - The total liabilities as of the end of the third quarter of 2024 amounted to CNY 1,760,471,498.99, an increase of 5.0% from CNY 1,676,301,252.05 in 2023[16]. - Current liabilities totaled 916,075,822.58 RMB, up from 839,855,052.75 RMB, indicating a rise in short-term obligations[15]. - The total non-current liabilities amounted to CNY 844,395,676.41, slightly up from CNY 836,446,199.30, reflecting an increase of 1.1%[16]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 26,970[9]. - The largest shareholder, Heilongjiang Publishing Group Co., Ltd., holds 256,080,000 shares, accounting for 57.62% of the total shares[10]. - The company reported no changes in the participation of major shareholders in margin trading and securities lending[11]. Operational Insights - The decrease in net profit was primarily due to a reduction in operating revenue and an increase in income tax expenses due to changes in tax policies[7]. - The company reported a significant decrease in cash received from sales of goods and services, attributed to timing differences in cash settlements[8]. - There are no significant reminders for investors regarding the company's operational status during the reporting period[12]. Research and Development - Research and development expenses increased to CNY 2,375,723.12 in 2024 from CNY 1,632,757.21 in 2023, representing a growth of 45.5%[17]. Inventory and Receivables - Accounts receivable rose significantly to 519,890,409.25 RMB from 81,255,523.95 RMB, indicating a substantial increase in credit sales[13]. - Inventory decreased to 156,983,344.19 RMB from 228,562,171.20 RMB, reflecting improved inventory management[13]. Cash and Investment Activities - Cash and cash equivalents increased to 2,225,513,538.93 RMB from 2,135,476,382.93 RMB year-over-year[13]. - Cash received from investment activities totaled approximately ¥357.45 million, an increase of 45.0% from ¥246.41 million in the first three quarters of 2023[21]. - The net cash flow from investment activities was approximately ¥128.13 million, up from ¥87.95 million in the same period of 2023, marking a growth of 46.0%[21]. - The cash inflow from other investment-related activities was approximately ¥357.34 million, compared to ¥246.30 million in the same period of 2023, showing an increase of 45.0%[21].