Lianfa Shares (002394): Net Profit In The First Three Quarters Decreased By 66.43% Year On Year

Lianfa (002394) announced the third quarter report of 2022 on the evening of October 25. The company's operating revenue in the first three quarters of this year decreased by 5.21% to 3.302 billion yuan, net profit decreased by 66.43% to 57.2107 million yuan, and non net profit decreased by 25.15% to 102 million yuan. In the third quarter of this year, the operating revenue was 1.021 billion yuan, a year-on-year decrease of 18.11%; The net profit was - 5.1269 million yuan, with a year-on-year decrease of 108.34%; After deducting the non net profit of 18.063 million yuan, the year-on-year decrease was 57.21%.

In the first three quarters of this year, affected by the construction of high-end woven clothing fabric projects and the increase of purchasing equipment, the cash paid by Lianfa for purchasing fixed assets, intangible assets and other long-term assets increased by 165.29% compared with the same period last year; Affected by the exchange rate changes, the company's financial expenses decreased by 248.38% compared with the same period last year. In addition, in the first three quarters, the R & D expenses of Lianfa decreased by 15% year on year, while the management expenses and sales expenses increased by 23% and 9.5% respectively.