NNCC(SH:600435)2024-10-24 08:05Financial Performance - Revenue for Q3 2024 was CNY 503,205,087.16, a decrease of 25.58% compared to the same period last year[2] - Net profit attributable to shareholders was CNY 465,896.50, down 98.77% year-on-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses was CNY -3,080,607.43, a decline of 108.97% compared to the previous year[2] - Basic earnings per share for Q3 2024 was CNY 0.0003, a decrease of 98.81% year-on-year[3] - Total operating revenue for the first three quarters of 2024 was CNY 796,196,861.45, a decrease of 66.8% compared to CNY 2,398,000,507.30 in the same period of 2023[14] - The net profit for the third quarter of 2024 was -76,191,961.04 RMB, compared to a net profit of 206,730,994.43 RMB in the same period of 2023, representing a significant decline[15] - The total comprehensive income for the third quarter of 2024 was -76,200,648.57 RMB, down from 205,090,402.29 RMB in the previous year[17] - Basic and diluted earnings per share for the third quarter of 2024 were both -0.0491 RMB, compared to 0.1234 RMB in the same quarter of 2023[17] - The company reported a total operating profit of -102,986,944.00 RMB for the third quarter of 2024, compared to an operating profit of 239,160,320.89 RMB in the same quarter of 2023[15] Assets and Liabilities - Total assets at the end of the reporting period were CNY 6,356,792,490.19, a decrease of 12.78% from the end of the previous year[3] - The total assets decreased to CNY 6,356,792,490.19 in Q3 2024 from CNY 7,288,270,520.92 in Q3 2023, a decline of 12.8%[13] - Total liabilities decreased to CNY 3,028,733,606.61 in Q3 2024 from CNY 3,817,380,174.22 in Q3 2023, a reduction of 20.7%[13] - Current assets totaled CNY 5,225,070,296.29 in Q3 2024, down from CNY 6,175,382,525.49 in Q3 2023, a decrease of 15.4%[12] - Non-current assets increased slightly to CNY 1,131,722,193.90 in Q3 2024 from CNY 1,112,887,995.43 in Q3 2023, an increase of 1.0%[12] - The company's total equity decreased to CNY 3,328,058,883.58 in Q3 2024 from CNY 3,470,890,346.70 in Q3 2023, a decline of 4.1%[13] Cash Flow - Operating cash flow for the year-to-date was CNY -1,098,242,124.00, indicating a significant decline in cash inflow[2] - Cash flow from operating activities for the first nine months of 2024 was -1,098,242,124.00 RMB, compared to -717,550,052.65 RMB in the same period of 2023, indicating worsening cash flow[17] - Cash inflow from investment activities was 908,274,491.88 RMB in the first nine months of 2024, an increase from 870,000,000.00 RMB in the same period of 2023[19] - The net cash flow from investment activities for the first nine months of 2024 was 240,649,182.73 RMB, recovering from a negative cash flow of -151,188,843.95 RMB in the previous year[19] - Cash flow from financing activities showed a net outflow of -70,402,397.57 RMB in the first nine months of 2024, compared to -45,202,492.80 RMB in the same period of 2023[19] - The company's cash and cash equivalents as of September 30, 2024, amount to ¥818,510,216.64, a decrease from ¥2,066,150,470.26 as of December 31, 2023[11] - The company’s cash and cash equivalents at the end of the reporting period were 372,021,530.64 RMB, slightly up from 361,292,532.99 RMB at the end of the same period in 2023[19] Shareholder Information - The total number of common shareholders at the end of the reporting period is 87,934[8] - The largest shareholder, Beifang Navigation Technology Group Co., Ltd., holds 339,388,862 shares, accounting for 22.59% of the total shares[8] - The second-largest shareholder, Zhongbing Investment Management Co., Ltd., holds 240,750,708 shares, representing 16.02% of the total shares[8] - The top ten shareholders include several investment funds, with the largest being the China Construction Bank's fund, holding 10,101,415 shares, or 0.67%[10] - The company has no pledged, marked, or frozen shares among the top ten shareholders[9] - The company has not reported any changes in the participation of major shareholders in margin financing and securities lending activities[11] Operational Insights - The decline in revenue was primarily due to the impact of contract signing progress and unmet product demand[6] - The net profit margin for the first three quarters of 2024 was impacted by increased costs, with net profit figures not disclosed in the provided data[14] - The company reported a significant reduction in accounts payable, which decreased to CNY 2,497,254,440.01 in Q3 2024 from CNY 2,796,641,919.63 in Q3 2023, a decline of 10.7%[12] - Research and development expenses increased to CNY 164,773,996.26 in 2024 from CNY 153,852,021.81 in 2023, representing a growth of 7.4%[14] - Accounts receivable increased to ¥3,486,801,373.79 from ¥3,335,766,662.57 in the previous period[11] - Inventory has risen to ¥679,668,722.34, compared to ¥423,759,199.41 at the end of the previous reporting period[11] - There are no significant reminders regarding the company's operational situation during the reporting period[11]