NJEC(SH:600699)2017-10-27 16:00Financial Performance - Net profit attributable to shareholders increased by 119.78% to approximately CNY 886.69 million, driven by business growth and investment income from the sale of smart manufacturing business[6]. - Operating revenue for the first nine months rose by 65.46% to CNY 19.41 billion, supported by the integration of KSS and PCC and the rapid development of new energy vehicle (BMS) and connected car businesses[5]. - Basic earnings per share increased by 57.63% to CNY 0.93[5]. - The company reported a net profit margin improvement, with retained earnings rising from CNY 1.72 billion to CNY 2.40 billion, an increase of about 39%[22]. - The company’s total profit for Q3 was ¥401.39 million, a 40.0% increase from ¥286.91 million year-over-year[27]. - Net profit for Q3 was ¥336.55 million, up 45.2% from ¥231.95 million year-over-year[27]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 128.58% to CNY 999.63 million compared to the same period last year[5]. - Operating cash inflow for the period reached CNY 21.19 billion, a significant increase from CNY 12.10 billion in the previous year, representing a growth of approximately 75.5%[33]. - Total cash inflow from operating activities was CNY 21.19 billion, while total cash outflow was CNY 20.19 billion, resulting in a net cash inflow of CNY 999.63 million[33]. - Cash inflow from financing activities was CNY 7.10 billion, compared to CNY 9.60 billion in the previous year, showing a decline of 26.0%[33]. - The ending cash and cash equivalents balance was CNY 2.34 billion, up from CNY 1.63 billion at the end of the previous year, marking an increase of 43.3%[33]. - Cash and cash equivalents decreased significantly from CNY 7.97 billion to CNY 0.82 billion, a drop of about 90%[23]. Assets and Liabilities - Total assets decreased by 10.28% to CNY 33.40 billion compared to the end of the previous year[5]. - Total liabilities decreased from CNY 23.39 billion to CNY 18.64 billion, a reduction of approximately 20%[22]. - Current liabilities decreased from CNY 11.94 billion to CNY 9.54 billion, a decline of about 20%[22]. - Non-current liabilities decreased from CNY 11.44 billion to CNY 9.10 billion, representing a decrease of around 20%[22]. - Total equity increased from CNY 13.84 billion to CNY 14.76 billion, an increase of approximately 6.7%[22]. - The company’s total current assets decreased from CNY 10.16 billion to CNY 3.73 billion, a decline of about 63%[23]. Business Development and Strategy - The company showcased its latest highly integrated HMI system at the Frankfurt Auto Show, representing the industry's advanced level[6]. - The company completed the full consolidation of KSS and PCC, contributing positively to the overall performance[18]. - The company plans to continue investing in the integration and expansion of KSS and PCC[18]. - The company anticipates a significant increase in cumulative net profit compared to the previous year due to stable growth in its core business[17]. - The company plans to focus on market expansion and new product development in the upcoming quarters[25]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[27]. Shareholder Information - The number of shareholders reached 46,530, with the largest shareholder, Junsheng Group, holding 33.56% of the shares[10]. - The weighted average return on equity decreased by 3.36 percentage points to 6.78% due to an increase in share capital from a non-public offering[5][7]. Investment Activities - Cash outflow from investment activities totaled CNY 6.50 billion, down from CNY 15.22 billion in the previous year, reflecting a decrease of 57.3%[33]. - Net cash flow from investment activities was negative at CNY 3.05 billion, an improvement from a loss of CNY 7.59 billion last year[33]. - Investment income for Q3 was ¥289.59 million, significantly higher than ¥4.18 million in the same period last year[27]. Operating Costs - The company reported a total operating cost of ¥6.22 billion for Q3, which is an increase of 13.0% compared to ¥5.51 billion in Q3 of the previous year[27]. - The gross profit margin for Q3 improved to 1.0%, compared to 0.5% in the same quarter last year[27].