NNCI(SH:600301)2016-10-27 16:00Financial Performance - Operating revenue increased by 55.77% to CNY 46,212,669.54 for the period from January to September compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of CNY 32,908,682.39, compared to a loss of CNY 10,175,297.37 in the same period last year[6]. - The weighted average return on net assets was -13.84%[6]. - Basic and diluted earnings per share were both CNY -0.1399[6]. - Total operating revenue for the period was CNY 6,017,441.97, a decrease of 21.9% compared to CNY 7,696,059.42 in the same period last year[23]. - Net loss attributable to the parent company was CNY -18,284,216.84, compared to a profit of CNY 19,830.23 in the same period last year[24]. - The company reported a gross profit margin of -1.4% for the current period, compared to 0.3% in the same period last year[23]. - Basic and diluted earnings per share were both CNY -0.0778, compared to CNY 0.0001 in the same period last year[24]. - Operating revenue for the first nine months of 2016 was CNY 58,507,630.67, a significant increase of 97.1% compared to CNY 29,667,188.56 in the same period last year[26]. - Net profit for the third quarter was CNY 1,917,553.90, compared to a net profit of CNY 963,972.22 in the same quarter last year, indicating a year-over-year increase of 98.5%[27]. - The company reported a total operating profit of negative CNY 15,361,814.86 for the first nine months, an improvement from negative CNY 81,413,901.1 in the same period last year[26]. - The company recorded a total comprehensive income of CNY 1,917,553.90 for the third quarter, compared to CNY 963,972.22 in the same quarter last year, marking an increase of 98.5%[27]. Assets and Liabilities - Total assets decreased by 7.60% to CNY 837,556,247.61 compared to the end of the previous year[6]. - The company's total assets as of September 30, 2016, were 837,556,247.61 RMB, down from 906,406,989.22 RMB at the beginning of the year[17]. - The company's total liabilities decreased from 673,152,173.92 RMB to 643,221,074.84 RMB, reflecting a reduction of approximately 4.5%[18]. - The total assets decreased to CNY 420,676,740.74 from CNY 467,250,058.48 at the beginning of the year, reflecting a decline of 10%[21]. - Total liabilities decreased to CNY 163,219,497.81 from CNY 199,032,142.69, a reduction of 17.9%[21]. - The company’s total equity decreased to CNY 257,457,242.93 from CNY 268,217,915.79, a decline of 4%[21]. Cash Flow - Cash flow from operating activities improved, with a net cash outflow of CNY 37,375,504.86, compared to a net outflow of CNY 73,536,810.05 in the same period last year[6]. - Cash received from tax refunds amounted to 460.16 million RMB, a significant increase of 679.27% compared to the previous period[12]. - The company’s cash and cash equivalents decreased to CNY 321,848,395.08 from CNY 414,942,067.02 at the beginning of the year, a decline of 22.3%[20]. - Total cash and cash equivalents at the end of the period stood at CNY 324,268,567.14, compared to CNY 12,523,843.66 at the end of the same period last year, reflecting a substantial increase[31]. - Cash inflow from operating activities totaled CNY 115,246,801.44, compared to CNY 78,148,100.98 in the previous year, representing an increase of 47.5%[30]. - Operating cash inflow for the period reached ¥114,001,160.19, a significant increase from ¥77,839,733.78 in the same period last year, representing a growth of approximately 46.4%[34]. - The net cash flow from operating activities was -¥40,350,228.88, an improvement compared to -¥75,890,437.12 in the previous year, indicating a reduction in losses[34]. - Cash outflow from operating activities totaled ¥154,351,389.07, slightly higher than ¥153,730,170.90 from the previous year[34]. - Cash flow from financing activities showed a net outflow of -¥52,743,443.06, compared to a net inflow of ¥38,835,385.98 in the same period last year[35]. Shareholder Information - The total number of shareholders was 10,835 at the end of the reporting period[9]. - The largest shareholder, Nanning Chemical Group Co., Ltd., held 32.00% of the shares[9]. Government Subsidies and Other Income - The company received government subsidies amounting to CNY 4,601,625.08 during the reporting period[8]. - The company received tax refunds amounting to ¥4,601,625.08, significantly higher than ¥590,511.35 received in the same period last year, showing an increase of approximately 678.5%[34]. Inventory and Fixed Assets - The company’s inventory increased to CNY 5,081,380.50, up from 2,516,769.30 RMB, indicating a growth of 101.5%[17]. - The company reported a decrease in fixed assets from 69,567,577.19 RMB to 45,532,440.21 RMB, a decline of approximately 34.5%[17]. - The company’s inventory increased to CNY 5,081,380.50 from CNY 2,516,769.30, representing a growth of 101.5%[20]. Cost Management - Total operating costs amounted to CNY 48,312,828.33, an increase of 75.5% from CNY 27,501,625.22 in the previous year[23]. - The company’s cash paid to employees decreased by 59.56% to 2,221.46 million RMB compared to the previous period[12]. - Sales expenses for the first nine months were CNY 1,617,903.39, down from CNY 1,693,588.95 in the previous year, showing a decrease of 4.5%[26]. - The company’s management expenses for the first nine months were CNY 16,991,839.05, a decrease from CNY 74,576,002.83 in the previous year, reflecting a reduction of 77.2%[26]. - The company reported financial expenses decreased significantly to negative CNY 250,892.76 from CNY 1,028,154.28 in the previous year, indicating a reduction of 124.4%[26]. Asset Restructuring - The company is planning to sell 51% of its stake in Nanning Oasis Chemical Co., Ltd., which constitutes a significant asset restructuring[12]. - The company has suspended its stock trading since September 2, 2016, due to the uncertainty surrounding the asset sale[12].