LSR(002858)2024-10-28 10:55Financial Performance - The company's operating revenue for Q3 2024 reached ¥109,788,056.18, representing a 16.67% increase year-over-year[2]. - Net profit attributable to shareholders was ¥423,210.54, a significant increase of 104.88% compared to the same period last year[2]. - The net profit after deducting non-recurring gains and losses was -¥220,663.10, reflecting a 97.59% decrease year-over-year[2]. - Basic earnings per share for Q3 2024 was ¥0.0042, up 107.68% from the same period last year[2]. - Total revenue for the third quarter reached CNY 332,622,442.97, an increase of 20.7% compared to CNY 275,626,802.68 in the same period last year[16]. - The net profit for Q3 2024 was approximately ¥32.73 million, compared to ¥22.75 million in Q3 2023, marking a year-over-year increase of 43.8%[17]. - The total comprehensive income for Q3 2024 was approximately ¥32.11 million, compared to ¥26.42 million in Q3 2023, indicating an increase of 21.5%[17]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥98,771,934.37, showing a substantial increase of 471.49% compared to the previous year[2]. - The cash flow from operating activities for Q3 2024 was approximately ¥98.77 million, a significant improvement from a negative cash flow of ¥26.59 million in Q3 2023[18]. - The net cash flow from financing activities for Q3 2024 was approximately -¥74.86 million, a decline from a positive cash flow of ¥45.80 million in Q3 2023[19]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥1,019,367,773.17, a decrease of 0.78% from the end of the previous year[2]. - The total liabilities decreased by 1.00% to ¥580,477,066.10 compared to the end of the previous year[2]. - Current assets totaled CNY 464,250,594.28, a decrease of 0.3% from CNY 465,557,209.71[14]. - The total liabilities were CNY 335,708,670.73, a marginal increase from CNY 334,964,701.96[15]. - The total equity attributable to shareholders was CNY 580,477,066.10, down from CNY 586,368,993.06[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 17,265[7]. - The largest shareholder, Xia Qing, holds 12.29% of the shares, totaling 20,150,000 shares[7]. - The second largest shareholder, Shanghai Saisai Investment Co., Ltd., holds 9.93% of the shares, totaling 16,277,800 shares, with 6,650,000 shares pledged[7]. Performance Compensation - The company has not yet received the performance compensation of RMB 18.1529 million from the actual controller of Yuedong Tianxia due to unmet performance targets in 2022 and 2023[10]. - The company is in discussions regarding the performance compensation plan, which may involve offsetting the compensation with equity held by the actual controller of Yuedong Tianxia[10]. - The company has engaged legal counsel to draft relevant legal documents to pursue the performance compensation through judicial means[11]. - The report indicates that the company is actively communicating with the performance commitment party regarding the compensation scheme[10]. - The company is focused on optimizing the governance structure of Yuedong Tianxia to ensure the achievement of future performance targets[10]. Investment Activities - The company reported a significant increase in prepayments, which rose by 271.28% to ¥37,684,679.00, mainly due to new prepayments for racing cars and event rights fees[4]. - The company recorded a 595.21% increase in construction in progress, amounting to ¥17,791,650.87, primarily due to new training vehicle modifications[4]. - The company’s cash flow from investing activities increased by 244.34% to ¥40,400,527.21, mainly due to the redemption of structured deposits[6]. - The company raised approximately ¥4.90 million from new investments in Q3 2024, compared to ¥25.40 million in Q3 2023, showing a decrease of 80.7%[19]. - The company’s total assets increased, with cash inflows from investment activities totaling approximately ¥573.25 million in Q3 2024, slightly down from ¥581.85 million in Q3 2023[18]. Operating Costs - Operating costs amounted to CNY 250,908,386.64, up from CNY 202,764,613.48, reflecting a rise of 23.7% year-over-year[16]. - The company’s operating expenses increased to approximately ¥385.34 million in Q3 2024 from ¥367.70 million in Q3 2023, reflecting a rise of 4.5%[18].