NBTM(SH:600114)2024-10-28 07:51Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,257,558,396.35, representing a year-on-year increase of 23.41%[2] - The net profit attributable to shareholders for the same period was ¥87,065,306.97, up 22.16% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥84,792,306.20, reflecting a 26.56% increase year-on-year[2] - Total operating revenue for the first three quarters of 2024 reached ¥2,398,276,351.11, an increase of approximately 21.1% compared to ¥1,979,479,502.58 in the same period of 2023[19] - The net profit attributable to shareholders of the parent company was ¥276,660,689.63, up 158.5% from ¥106,941,619.11 in the previous year[17] - The company's operating profit increased significantly to CNY 321,534,163.95, compared to CNY 96,616,404.21 in the previous year, marking a growth of 232.5%[16] - The company reported a basic earnings per share of ¥0.45, compared to ¥0.17 in the same period of 2023, reflecting a significant increase of 164.7%[17] - The total comprehensive income for the first three quarters was ¥308,632,502.73, compared to ¥98,192,151.74 in the previous year, indicating a substantial growth[17] Assets and Equity - The total assets at the end of the reporting period amounted to ¥7,374,420,356.50, an increase of 8.94% compared to the end of the previous year[3] - The total equity attributable to shareholders increased by 6.30% to ¥2,686,239,824.76 compared to the previous year[3] - Total assets as of the end of Q3 2024 amounted to CNY 7,374,420,356.50, up from CNY 6,769,069,473.24, indicating a growth of 8.9%[16] - The total equity attributable to shareholders reached CNY 2,686,239,824.76, up from CNY 2,527,153,837.50, indicating an increase of 6.3%[15] Cash Flow and Financing - The company reported a significant increase in net cash flow from operating activities, amounting to ¥161,009,612.09, despite a year-on-year decline of 12.08%[2] - The operating cash flow net amount for the first three quarters was ¥161,009,612.09, a decrease of 12.1% from ¥183,124,856.50 in the same period last year[19] - The company raised ¥2,040,900,000.00 in borrowings during the financing activities, which is a significant increase from ¥1,425,889,355.56 in the previous year[20] - The net cash flow from financing activities was ¥63,806,017.69, a turnaround from a negative cash flow of -¥57,818,132.22 in the same period last year[20] - The total operating cash outflow was ¥2,334,436,727.77, compared to ¥1,877,232,130.05 in the previous year, reflecting an increase of 24.3%[19] - The company reported a decrease in investment cash flow net amount to -¥159,800,829.79 from -¥171,317,512.22 in the previous year, indicating improved cash management in investments[20] Shareholder Information - The total number of common shareholders at the end of the reporting period was 43,433[8] - The largest shareholder, Muka Special Metal Industry Co., Ltd., held 10.62% of the shares[8] - The top ten shareholders did not participate in margin trading or securities lending during the reporting period[9] Operational Highlights - The P&S platform's revenue for the first nine months grew by 16.62%, while the MIM platform saw an impressive 88.48% increase[4] - The company has focused on enhancing its MIM parts and hinge module capabilities, which has positively impacted its performance[4] - Research and development expenses for the first three quarters were CNY 238,744,649.73, compared to CNY 200,916,700.44, reflecting an increase of 18.8%[16] - The company plans to continue its market expansion and product development strategies in the upcoming quarters[11] Liabilities and Provisions - Current liabilities increased to CNY 2,251,173,239.73 from CNY 1,551,358,661.59, representing a rise of 45.1%[15] - Long-term borrowings decreased to CNY 1,481,900,000.00 from CNY 1,795,239,746.04, a reduction of 17.5%[15] - The company has made provisions for bad debts amounting to ¥10,560,103.56 related to the unpaid relocation compensation[12] Other Financial Aspects - Non-recurring gains and losses for the reporting period totaled ¥2,273,000.77, with a significant portion attributed to government subsidies and asset disposals[5] - The company received a total of ¥47,050,048.80 in relocation compensation, with a remaining balance of ¥35,200,345.20 yet to be received[12] - A new VAT policy is expected to positively impact the company's profits in 2024, with a potential increase of 5% in deductible input VAT[12] - Deferred tax assets rose to CNY 69,066,414.35 from CNY 59,291,871.27, an increase of 16.5%[15] - Accounts receivable rose to ¥1,329,225,784.81, up from ¥1,079,447,090.62, indicating an increase of about 23.1%[13] - Inventory increased significantly to ¥1,141,588,484.50 from ¥909,575,854.63, reflecting a growth of approximately 25.5%[13] - Cash and cash equivalents at the end of the period amounted to ¥317,282,099.01, an increase from ¥256,313,387.98 at the end of the same period last year[20] - The company's cash and cash equivalents increased to ¥341,803,099.01 from ¥257,413,156.80 at the end of the previous year, representing a growth of approximately 32.7%[13]