NBZB(SH:600857)2024-10-29 08:55Revenue and Profitability - Revenue for Q3 2024 was CNY 203,834,610.27, a decrease of 9.68% year-over-year, and year-to-date revenue was CNY 701,432,271.47, down 27.35% compared to the same period last year[2] - Net profit attributable to shareholders for Q3 2024 was CNY 10,722,101.01, while year-to-date net profit was CNY -8,012,521.42, reflecting a decline of 111.38% year-over-year[2] - Net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was CNY 1,609,780.64, down 61.53% year-over-year, and year-to-date was CNY 12,741,234.92, a decrease of 52.28%[2] - Basic earnings per share for Q3 2024 was CNY 0.048, while year-to-date basic earnings per share was CNY -0.036, a decline of 111.46%[3] - Total operating revenue for the first three quarters of 2024 was CNY 701,432,271.47, a decrease of 27.4% compared to CNY 965,510,783.09 in the same period of 2023[15] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was a loss of CNY 8,012,521.42, compared to a profit of CNY 70,380,040.25 in the same period of 2023[16] - Comprehensive income total for the first three quarters of 2024 was CNY 10,158,456.71, down from CNY 38,668,370.41 in the previous year[16] - Basic and diluted earnings per share for the first three quarters of 2024 were both CNY -0.04, compared to CNY 0.31 in the same period of 2023[16] - Operating profit for the first three quarters of 2024 was a loss of CNY 12,515,599.66, compared to a profit of CNY 74,558,617.51 in the same period of 2023[15] Assets and Liabilities - Total assets at the end of Q3 2024 were CNY 993,673,540.28, a decrease of 2.04% from the end of the previous year[3] - As of September 30, 2024, the total assets of Ningbo Zhongbai Co., Ltd. amounted to CNY 993,673,540.28, a decrease from CNY 1,014,355,334.38 at the end of 2023[11] - Total liabilities as of the end of the reporting period were CNY 149,460,167.82, a decrease from CNY 161,233,225.51 at the end of the previous year[15] - Total current liabilities decreased to CNY 117,454,830.23 from CNY 135,034,880.63, a reduction of about 13%[12] - Total equity attributable to shareholders was CNY 844,213,372.46, down from CNY 853,122,108.87 in the previous year[15] Cash Flow - The net cash flow from operating activities for Q3 2024 was CNY 10,828,879.09, with year-to-date cash flow being CNY 21,150,652.48[2] - In the first three quarters of 2024, the company reported cash inflows from operating activities totaling ¥973,375,721.19, a decrease of 10.3% compared to ¥1,084,927,430.77 in the same period of 2023[17] - The net cash flow from operating activities for the first three quarters of 2024 was ¥21,150,652.48, a significant improvement from a net outflow of ¥12,609,965.00 in the first three quarters of 2023[17] - Cash outflows for purchasing goods and services amounted to ¥856,042,620.20, down from ¥1,012,292,728.73 in the previous year, indicating a reduction of 15.4%[17] - The net cash flow from investing activities was ¥3,759,684.04, compared to ¥215,376,876.15 in the same period of 2023, reflecting a decrease of 98.3%[18] - The company reported cash and cash equivalents at the end of the period totaling ¥454,266,259.44, an increase from ¥420,141,813.11 at the end of the previous year[18] Shareholder Information - The company had 13,709 common shareholders at the end of the reporting period[5] - The top ten shareholders held a total of 100% of the shares, with the largest shareholder owning 15.78%[6] Other Financial Metrics - The weighted average return on equity for Q3 2024 was 1.29%, an increase of 5.06 percentage points, while year-to-date it was -0.94%, a decrease of 9.71 percentage points[3] - Deferred income tax liabilities increased to CNY 29,505,337.59 from CNY 23,448,344.88 year-over-year[15] - Other comprehensive income after tax for the first three quarters of 2024 was CNY 18,170,978.13, compared to a loss of CNY 31,711,669.84 in the previous year[16] Legal and Regulatory Matters - The company reported a provision for bad debts of CNY 1,585,672.96 related to receivables from Tianjin Jiucai, which remains unrecovered as of September 30, 2024[9] - The company is currently involved in legal proceedings to recover CNY 1,982,091.20 from Tianjin Jiucai, which is in bankruptcy restructuring[9] - The company has not reported any changes in the status of its major shareholders' stock restrictions during the reporting period[9] Operational Changes - The company did not report any new acquisitions or significant market expansions during this period[19] - The company has adopted new accounting standards starting in 2024, which may impact future financial reporting[19]