NNCC(SH:600435)2015-10-26 16:00Financial Performance - Operating revenue increased by 0.83% to CNY 903,423,020.13 for the first nine months of the year[7] - Net profit attributable to shareholders was CNY 3,389,212.55, a significant recovery from a loss of CNY 4,367,356.93 in the same period last year[7] - The weighted average return on equity improved by 0.359 percentage points to 16.8%[7] - Basic and diluted earnings per share were both CNY 0.005, recovering from a loss of CNY 0.006 in the previous year[7] - Total operating revenue for Q3 2015 reached ¥361,515,926.70, a 65.7% increase from ¥218,003,037.19 in Q3 2014[33] - Net profit for Q3 2015 was ¥15,844,448.35, compared to ¥13,698,112.24 in Q3 2014, reflecting a 8.4% increase[33] - Operating profit for the first nine months of 2015 was ¥50,154,717.89, compared to ¥33,053,210.70 for the same period in 2014, indicating a 51.8% increase[33] - The company reported a gross profit margin of 5.5% for Q3 2015, down from 10.0% in Q3 2014[33] Cash Flow - Cash flow from operating activities showed a negative net amount of CNY 311,158,507.96, worsening from a negative CNY 116,624,091.92 in the same period last year[7] - Cash inflow from operating activities for the first nine months of 2015 was CNY 274,234,952.81, a decrease of 16.67% compared to CNY 329,052,356.78 in the same period last year[42] - Net cash flow from operating activities was CNY 23,223,881.10, down 50.14% from CNY 46,279,668.72 year-on-year[43] - Cash inflow from sales of goods and services was CNY 249,473,596.67, a decline of 22.00% from CNY 319,069,315.80 year-on-year[42] - Total cash outflow from operating activities was CNY 251,011,071.71, down 11.24% from CNY 282,772,688.06 in the previous year[43] - Cash received from other operating activities was CNY 35,220,696.60, a decrease of 29.41% compared to the previous year, mainly due to reduced project payments received by a subsidiary[20] - Cash paid for other operating activities increased by 298.87% year-on-year to CNY 219,940,810.27, mainly due to the repayment of loans to related parties by a subsidiary[20] Assets and Liabilities - Total assets decreased by 5.68% to CNY 3,869,279,225.76 compared to the end of the previous year[7] - Total current assets as of September 30, 2015, amounted to CNY 2,243,636,632.86, down from CNY 2,429,098,220.02 at the beginning of the year[24] - Total liabilities as of September 30, 2015, were CNY 1,454,307,173.52, compared to CNY 1,676,792,070.99 at the beginning of the year[27] - The total assets as of the end of Q3 2015 amounted to ¥2,462,366,644.48, slightly down from ¥2,501,925,872.26 at the end of Q2 2015[31] - Total liabilities decreased to ¥579,856,498.79 in Q3 2015 from ¥617,627,846.49 in Q2 2015, a reduction of 6.1%[31] Shareholder Information - The total number of shareholders reached 61,039 at the end of the reporting period[12] - The largest shareholder, North Navigation Technology Group Co., Ltd., holds 33.79% of the shares, with 51,160,000 shares pledged[12] Inventory and Receivables - Accounts receivable increased by 40.52% to RMB 883,301,768.57 compared to RMB 628,612,146.10 at the beginning of the year, primarily due to sales made during the period[15] - Inventory increased by 64.82% to RMB 826,232,685.56 from RMB 501,279,204.89 at the beginning of the year, driven by increased production to fulfill sales orders[16] - Other receivables increased by 49.16% to RMB 18,751,787.31 from RMB 12,571,808.96 at the beginning of the year, due to increased deposits and advances[15] Borrowings and Payables - Short-term borrowings decreased by 29.56% to RMB 275,900,000 from RMB 391,700,000 at the beginning of the year due to partial loan repayments[17] - Accounts payable increased by 39.33% to RMB 789,243,339.12 from RMB 566,459,251.56 at the beginning of the year, reflecting increased procurement of goods[17] - Long-term borrowings increased by 48.50% to RMB 42,100,000 from RMB 28,350,000 at the beginning of the year, attributed to increased borrowings by a subsidiary[18] Other Financial Metrics - The company reported non-operating income of CNY 2,780,413.49 for the first nine months, with a total non-recurring profit of CNY 3,366,916.91[9] - Taxes paid increased by 57.58% year-on-year to CNY 74,034,946.67, primarily due to corporate income tax and other taxes paid during the period[20] - Cash inflow from investment activities totaled CNY 72,905,810.82, an increase of 64.73% compared to CNY 44,244,476.19 in the previous year[43] - The company reported an investment cash outflow of approximately ¥40.53 million in the first nine months of 2015, compared to ¥79.94 million in the same period last year[39]