NCFC(SH:600889)2024-10-29 08:22Financial Performance - The company's operating revenue for Q3 2024 was ¥174,188,609.74, representing a 99.68% increase compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥89,038,137.32, with a year-to-date net profit of -¥159,013,558.03[2]. - The basic earnings per share for Q3 2024 was -0.24, while the diluted earnings per share was also -0.24[4]. - The total operating revenue for the first three quarters of 2024 reached ¥457,819,671.59, an increase of 30.2% compared to ¥351,378,015.75 in the same period of 2023[15]. - The operating profit for the first three quarters of 2024 was a loss of ¥188,022,896.66, compared to a loss of ¥132,961,145.32 in the same period of 2023[16]. - The net profit for the first three quarters of 2024 was a loss of ¥187,963,035.95, compared to a loss of ¥107,316,786.50 in the previous year[16]. - The net profit attributable to the parent company for Q3 2024 was -159,013,558.03 RMB, compared to -96,793,784.51 RMB in Q3 2023, indicating a significant increase in losses[17]. - The total comprehensive income for the parent company in Q3 2024 was -157,435,560.65 RMB, compared to -96,626,702.43 RMB in the same period last year[17]. Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥1,746,062,534.10, reflecting a 9.83% increase from the end of the previous year[4]. - The equity attributable to shareholders decreased by 18.09% year-on-year, totaling ¥714,593,651.37 at the end of Q3 2024[4]. - The total liabilities of the company reached ¥1,033,239,120.45, compared to ¥685,102,122.59 in the previous year[14]. - The company's long-term borrowings increased to ¥299,625,649.92 from ¥213,468,548.43 in the previous year[14]. Cash Flow and Investments - Cash flow from operating activities for the first three quarters of 2024 was -138,535,409.37 RMB, worsening from -108,573,719.85 RMB in the first three quarters of 2023[18]. - Cash inflow from operating activities totaled 340,954,918.15 RMB in the first three quarters of 2024, down from 392,665,145.70 RMB in the same period of 2023[18]. - The company reported cash outflow from operating activities of 479,490,327.52 RMB for the first three quarters of 2024, compared to 501,238,865.55 RMB in the previous year[18]. - Investment activities generated a net cash inflow of 52,161,676.94 RMB in the first three quarters of 2024, down from 60,618,509.07 RMB in the same period of 2023[19]. - Cash flow from financing activities for the first three quarters of 2024 was 111,947,955.84 RMB, compared to 56,275,839.16 RMB in the same period last year[19]. - The company’s cash and cash equivalents at the end of Q3 2024 amounted to 48,210,432.11 RMB, a decrease from 51,679,364.22 RMB at the end of Q3 2023[19]. Production and Operations - The company reported a significant increase in sales of Lyocell products, contributing to the rise in operating revenue[7]. - The company faced increased losses due to high production costs during the trial production phase of Lyocell products[7]. - The company has completed the trial production of its 40,000-ton Lyocell project, with the first production line reaching operational status during the reporting period[11]. - The gross margin for PET foam products continues to decline, indicating ongoing challenges in production capacity utilization[11]. - A provision for impairment of fixed assets and construction in progress was recognized amounting to RMB 39,854,200, based on an asset impairment assessment[11]. - The company plans to continue expanding its product lines and improving production efficiency to mitigate losses in the future[8]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 33,212[9]. - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., holds 129,709,768 shares, accounting for 35.41% of the total shares[10]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[10]. Other Financial Metrics - Research and development expenses for the first three quarters of 2024 were ¥15,478,881.67, up from ¥9,295,726.45 in the same period of 2023[16]. - The company's cash and cash equivalents increased to RMB 73,013,917.39 as of September 30, 2024, compared to RMB 37,536,786.19 at the end of 2023, representing an increase of 94.4%[12]. - Accounts receivable rose to RMB 175,024,539.45 from RMB 100,550,779.74, marking a 74.1% increase year-over-year[12]. - Inventory decreased to RMB 129,644,060.89 from RMB 138,115,380.95, a decline of 6.3%[12]. - The total current assets increased to RMB 519,263,089.18 from RMB 333,600,533.41, reflecting a growth of 55.6%[12]. - The company's cash and cash equivalents decreased to ¥51,059,275.77 from ¥38,654,713.52 year-over-year[14]. - The basic earnings per share for Q3 2024 was -0.43 RMB, compared to -0.26 RMB in Q3 2023[17]. - The company received 130,204.43 RMB in tax refunds during the first three quarters of 2024, a significant decrease from 24,538,507.82 RMB in the same period of 2023[18].