NCFC(SH:600889)2015-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 30,235.53% to CNY 459,198,413.29 for the first nine months compared to the same period last year[7]. - Operating revenue decreased by 23.12% to CNY 1,147,148,876.91 for the first nine months compared to the same period last year[7]. - Basic and diluted earnings per share were both CNY 1.495, a significant increase from CNY -0.005[8]. - Total operating revenue for the third quarter was approximately $472.98 million, a decrease of 37.7% compared to $759.84 million in the same period last year[32]. - Net profit for the third quarter reached approximately $458.33 million, compared to a net profit of $4.72 million in the same period last year[34]. - The net profit for the first nine months of 2015 reached approximately ¥458.83 million, down from ¥448.04 million in the same period last year[38]. Assets and Liabilities - Total assets decreased by 23.66% to CNY 2,233,966,160.67 compared to the end of the previous year[7]. - Current assets decreased significantly from CNY 1,274,683,702.25 to CNY 686,457,329.68, a reduction of about 46.2%[24]. - Total liabilities decreased from CNY 1,869,646,816.09 to CNY 835,257,860.18, a reduction of about 55.3%[26]. - Shareholders' equity increased from CNY 1,056,517,027.32 to CNY 1,398,708,300.49, reflecting a growth of approximately 32.4%[26]. Cash Flow - The net cash flow from operating activities for the first nine months was CNY -67,189,882.00, a decrease of 149.43% compared to the same period last year[7]. - The company’s net cash flow from investment activities was RMB 802,510,747.01, significantly improving from a negative cash flow in the previous year[16]. - Cash inflows from investment activities amounted to approximately ¥819.35 million, significantly higher than ¥321.56 thousand in the same period last year[41]. - The net cash flow from investment activities was approximately ¥802.51 million, a substantial increase from -¥3.31 million in the previous year[41]. - The net cash flow from financing activities is -523,515,956.87 RMB, worsening from -187,042,311.45 RMB year-over-year[45]. Receivables and Inventory - Accounts receivable rose by 448.42% to RMB 165,728,365.29, indicating a significant increase in receivables[15]. - Inventory decreased by 82.92% to RMB 173,374,276.71, primarily due to increased sales[16]. - The company reported a significant increase in other receivables from CNY 1,185,640,596.17 to CNY 1,335,315,302.51, an increase of about 12.6%[28]. Expenses - Management expenses increased by 53.04% to RMB 101,384,917.85, driven by higher maintenance and R&D costs[16]. - Total operating costs for the third quarter were approximately $445.11 million, down 40.3% from $743.76 million year-over-year[32]. - Management expenses for the third quarter were approximately $40.48 million, up 105.5% from $19.73 million in the same period last year[33]. - Cash paid for employee compensation is 32,610,016.97 RMB, an increase from 26,726,639.50 RMB in the previous year, indicating rising labor costs[43]. Shareholder Information - The total number of shareholders at the end of the reporting period was 36,775[12]. - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., held 33.02% of the shares[12]. - The company’s major shareholder committed to not reducing their stake for six months starting July 9, 2015, to stabilize stock prices[19]. Government Support - The company received government subsidies amounting to CNY 238,700.00, which are closely related to its normal business operations[9].