NNCC(SH:600435)2018-10-26 16:00Financial Performance - Operating revenue for the first nine months was CNY 719,836,746.00, a decline of 29.71% year-on-year[8] - Net profit attributable to shareholders was CNY 4,027,582.15, showing a slight increase of 0.09% compared to the same period last year[8] - Net profit after deducting non-recurring gains and losses dropped significantly by 913.79% to CNY -26,391,915.23[8] - The company experienced delays in product delivery, leading to lower revenue execution rates and a decline in operating profit[9] - Total operating revenue for Q3 2018 was ¥221,970,251.66, a decrease of 34.0% compared to ¥337,090,789.58 in Q3 2017[32] - Net profit for Q3 2018 was a loss of ¥3,516,449.58, compared to a profit of ¥4,366,888.10 in Q3 2017, indicating a significant decline[34] - The company's operating profit for Q3 2018 was a loss of ¥5,511,181.14, compared to a profit of ¥4,531,532.32 in Q3 2017[33] - The total profit for Q3 2018 was a loss of ¥25,857,389.79, compared to a loss of ¥19,076,362.01 in Q3 2017[36] - The company reported a total comprehensive income of -¥21,978,781.33 for Q3 2018, compared to ¥14,441,076.22 in Q3 2017[36] Cash Flow - Cash flow from operating activities improved to CNY -17,731,720.44 from CNY -41,985,253.92 in the previous year[8] - Net cash flow from operating activities for the first nine months was -RMB 17,731,720.44, an improvement from -RMB 41,985,253.92 in the same period last year[19] - Cash flow from investing activities was RMB 11,916,472.09, a significant turnaround from -RMB 41,318,784.90 in the previous year, primarily due to the equity transfer[20] - Cash flow from financing activities was -RMB 260,206,000.59, worsening from -RMB 169,257,654.36 in the same period last year, mainly due to reduced short-term borrowings[21] - The total cash inflow from operating activities for the first nine months of 2018 was CNY 642,188,786.93, while cash outflows totaled CNY 584,331,268.60, resulting in a net cash inflow of CNY 57,857,518.33[41] - The net cash flow from financing activities in Q3 2018 was -CNY 185,356,269.20, worsening from -CNY 139,093,524.47 in Q3 2017, indicating a decline of approximately 33.3%[42] Assets and Liabilities - Total assets decreased by 12.25% to CNY 4,322,344,871.48 compared to the end of the previous year[8] - Total current assets decreased from CNY 3,323,429,547.79 at the beginning of the year to CNY 2,877,168,712.29, a decline of approximately 13.5%[24] - Total liabilities decreased from CNY 2,255,002,533.04 to CNY 1,632,379,225.58, a decline of approximately 27.8%[26] - The company's equity attributable to shareholders decreased from CNY 2,093,530,991.81 to CNY 2,083,342,823.87, a slight decline of about 0.5%[26] - The company reported a total debt of ¥980,330,551.49, with total equity amounting to ¥1,741,990,504.06 as of the end of Q3 2018[30] Shareholder Information - The total number of shareholders reached 148,526 by the end of the reporting period[11] - The largest shareholder, Beifang Navigation Technology Group Co., Ltd., holds 30.79% of the shares, with 458,534,462 shares pledged[11] Inventory and Receivables - Accounts receivable decreased by 53.98% to RMB 467,080,165.06 from RMB 1,014,863,854.71, mainly due to increased maturity payments[13] - Inventory increased by 34.08% to RMB 765,000,670.68 from RMB 570,543,659.64, driven by production delivery plans and increased work-in-progress[13] - The company reported a significant increase in prepaid expenses from CNY 95,610,154.24 to CNY 198,495,244.56, an increase of approximately 107.5%[24] Research and Development - Research and development expenses for the first nine months of 2018 were ¥70,857,929.73, an increase of 23.8% from ¥57,257,659.44 in the same period of 2017[33] - Research and development expenses for Q3 2018 were ¥4,388,797.24, a decrease of 55.1% from ¥9,753,043.31 in Q3 2017[35]