NNCI(SH:600301)2024-10-30 09:15Financial Performance - The company's operating revenue for Q3 2024 reached ¥1,161,431,180.45, representing a 49.70% increase compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2024 was ¥191,617,860.70, an increase of 88.46% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥189,556,752.72, reflecting a 140.78% increase compared to the previous year[3] - Basic earnings per share for Q3 2024 were ¥0.30, up 87.50% from ¥0.16 in the same period last year[3] - The weighted average return on equity for Q3 2024 was 5.06%, an increase of 2.41 percentage points year-on-year[3] - The net profit for the year-to-date period increased by 100.91% to ¥540,385,261.63, driven by favorable market conditions and sustained production levels[3] - Total operating revenue for the first three quarters of 2024 reached ¥3,415,456,710.58, a significant increase of 56.1% compared to ¥2,186,517,385.93 in the same period of 2023[17] - Operating profit for the first three quarters of 2024 was ¥1,013,565,880.11, up from ¥533,400,188.72 in 2023, reflecting an increase of 89.8%[19] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was ¥540,385,261.63, compared to ¥268,969,767.35 in 2023, marking a growth of 100.5%[20] - The company's total comprehensive income for the first three quarters of 2024 was ¥855,031,584.91, compared to ¥447,775,958.90 in 2023, showing an increase of 91.0%[20] Production and Sales - In the first three quarters of 2024, the company produced 7,731.25 tons of tin ingots, a 62.76% increase from 4,750.18 tons in the same period of 2023[11] - Zinc ingot production reached 23,624.13 tons, up 33.47% from 17,699.51 tons year-on-year[11] - The company achieved a production of 11,907.74 tons of lead-antimony concentrate, representing a 19.96% increase compared to 9,926.55 tons in the previous year[11] - The output of zinc concentrate was 41,498.55 tons, a rise of 29.98% from 31,927.39 tons in the same period last year[11] - Lead concentrate production increased by 21.44% to 6,461.77 tons from 5,320.8 tons year-on-year[11] - Copper concentrate production was 373.91 tons, reflecting a 25.11% increase from 298.86 tons in the previous year[11] - The company reported a significant increase in deep processing products, with production rising to 450.02 tons, a 271.15% increase from 121.25 tons year-on-year[11] - The company has experienced a significant increase in sales volume and product prices in the non-ferrous metal sector, contributing to revenue growth[7] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,485,012,970.88, a 3.64% increase from the end of the previous year[3] - As of September 30, 2024, the company's total current assets increased to CNY 1,995.31 million from CNY 1,717.63 million as of December 31, 2023, representing an increase of approximately 16.2%[13] - The company's cash and cash equivalents rose to CNY 1,160.35 million, up from CNY 944.09 million, marking a growth of about 23%[13] - The total assets of the company reached CNY 7,485.01 million, compared to CNY 7,222.37 million at the end of 2023, indicating an increase of approximately 3.6%[15] - Total liabilities as of the end of Q3 2024 amounted to ¥2,711,110,047.05, up from ¥2,457,272,970.59 at the end of Q3 2023, indicating a rise of 10.3%[19] - The company's total liabilities decreased to CNY 1,790.46 million from CNY 2,169.79 million, a reduction of approximately 17.5%[15] Cash Flow - The company reported a net cash flow from operating activities of ¥925,459,341.10 for the year-to-date period, a 92.22% increase compared to the previous year[3] - Cash flow from operating activities for the first three quarters of 2024 was ¥3,846,530,172.97, compared to ¥2,789,126,128.12 in 2023, an increase of 37.9%[21] - The net cash flow from operating activities for Q3 2024 was CNY 925,459,341.10, an increase of 92.3% compared to CNY 481,447,780.46 in Q3 2023[22] - Total cash inflow from financing activities was CNY 1,517,753,109.34, down 38.4% from CNY 2,464,007,058.97 in the same period last year[22] - The net increase in cash and cash equivalents for Q3 2024 was CNY 154,317,683.40, compared to CNY 24,103,853.65 in Q3 2023, reflecting a significant improvement[23] - Cash outflow from investing activities was CNY 611,384,902.63, compared to CNY 100,726,376.65 in the previous year, indicating increased investment activity[22] - Cash paid for operating activities increased to CNY 3,015,158,894.75, up from CNY 2,340,265,955.82 in Q3 2023, reflecting higher operational costs[22] - The company experienced a net cash outflow from financing activities of CNY -159,756,755.07, compared to CNY -356,617,550.16 in Q3 2023, showing improved cash management[22] Recognition and Innovation - The company was recognized as one of the second batch of chain-leading enterprises in Guangxi[10] - The company was selected as a unit in the tenth batch of Guangxi Postdoctoral Innovation Practice Base[11] - The company received recognition for its technological advancements, winning the first prize in the Guangxi Science and Technology Progress Award for 2023[12] - The company has been recognized as an innovative small and medium-sized enterprise and a pilot enterprise for industry-education integration in Liuzhou[12] Future Plans - The company plans to expand the mining area of the Tongkeng Mine to 15.78 square kilometers and change the mining method to a combination of open-pit and underground mining[12]