NNCI(SH:600301)2018-10-23 16:00Financial Performance - Operating revenue for the first nine months decreased by 38.56% to CNY 128,449,253.48 compared to the same period last year[6]. - Net profit attributable to shareholders was CNY 49,790,442.12, a significant improvement from a loss of CNY 1,859,297.92 in the same period last year[6]. - The weighted average return on net assets increased to 18.42% from -0.70% year-on-year[6]. - Basic and diluted earnings per share improved to CNY 0.2117 from a loss of CNY 0.0079 in the same period last year[6]. - The company reported a total profit of 59,909,980.75 for Q3, compared to a loss of 9,382,912.40 in the same period last year[26]. - The company achieved an operating profit of 40,814,834.11 for the first nine months, compared to a loss of 9,230,511.95 in the same period last year[25]. - The company reported a net profit of 40,545,046.56 for the first nine months, a significant improvement from a loss of 9,382,912.40 in the previous year[26]. Assets and Liabilities - Total assets decreased by 47.17% to CNY 399,099,889.95 compared to the end of the previous year[6]. - Net assets attributable to shareholders increased by 23.60% to CNY 298,812,516.88 compared to the end of the previous year[6]. - Total liabilities and equity amounted to CNY 399,099,889.95, consistent with the total assets[18]. - Current liabilities totaled CNY 63,363,873.07, up from CNY 46,344,623.77 at the beginning of the year, indicating a significant increase of approximately 36.7%[22]. - Non-current liabilities decreased from CNY 45,645,000.00 to CNY 36,923,500.00, reflecting a reduction of about 19%[22]. - The company reported a total liability of CNY 100,287,373.07, compared to CNY 91,989,623.77 at the beginning of the year, marking an increase of about 9.1%[22]. Cash Flow - The net cash flow from operating activities for the first nine months was negative at CNY -136,435,641.16, a decline of 304.03% compared to the previous year[6]. - Cash inflow from operating activities was CNY 158,125,694.24, down 38.7% from CNY 257,811,967.14 in the same period last year[32]. - Cash outflow for purchasing goods and services reached CNY 274,398,788.67, significantly higher than CNY 119,210,794.78 in the previous year[32]. - Cash flow from financing activities showed a net inflow of CNY 90,000,000.00, indicating successful fundraising efforts[33]. - The ending cash and cash equivalents balance was CNY 204,183,224.75, down from CNY 350,903,902.71 at the end of the previous year[33]. Shareholder Information - The total number of shareholders at the end of the reporting period was 9,261[8]. - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 32.00% of the shares[8]. Inventory and Receivables - Accounts receivable increased by 63.13% to CNY 37,346,565.38 due to increased trade volume[9]. - Inventory surged by 991.72% to CNY 120,219,107.76, indicating a significant increase in stock[9]. - Other current assets rose by 77.06% to CNY 19,748,582.03, driven by an increase in unreduced VAT input tax[9]. - Accounts receivable increased to CNY 40,878,771.53 from CNY 28,163,168.09, reflecting a growth of about 45.3%[21]. - Inventory surged to CNY 120,219,107.76 from CNY 11,011,914.70, indicating a significant increase of approximately 990%[21]. Other Financial Metrics - Non-recurring gains and losses amounted to CNY 63,289,432.03 for the first nine months[7]. - The company reported a significant decrease in cash flow from sales of goods and services, totaling CNY 145,058,464.71, down from CNY 256,251,883.52[32]. - The company received CNY 12,854,379.36 in cash related to operating activities, a 923.81% increase compared to the previous period[10]. - The company’s financial expenses increased by 52.99% to CNY 14,263,872.83 due to higher interest expenses from the subsidiary[10].