NCFC(SH:600889)2018-10-25 16:00Financial Performance - Operating revenue decreased by 42.42% to CNY 729,971,980.86 for the first nine months compared to the same period last year[6] - Net profit attributable to shareholders was a loss of CNY 84,581,774.40, a decline of 221.72% year-over-year[6] - Basic and diluted earnings per share were both CNY -0.231, a decrease of 202.21% compared to the previous year[6] - The company reported a total profit for the first nine months of 2018 was a loss of ¥81,438,844.88, compared to a profit of ¥84,169,668.10 in the same period of 2017[26] - Operating profit for the first nine months of 2018 was a loss of ¥81,934,139.35, compared to a profit of ¥83,410,154.84 in the previous year[26] - Total operating revenue for the first nine months of 2018 was ¥729,971,980.86, a decrease of 42.4% from ¥1,267,760,784.39 in the same period of 2017[25] Assets and Liabilities - Total assets increased by 11.76% to CNY 2,062,345,100.22 compared to the end of the previous year[6] - Total current assets increased to ¥981,963,554.42 from ¥708,430,272.10, representing a growth of approximately 38.5%[17] - Total non-current assets decreased to ¥1,080,381,545.80 from ¥1,136,940,856.68, a reduction of about 4.9%[18] - Total liabilities decreased to ¥627,121,161.25 from ¥695,819,060.96, a decline of approximately 9.9%[19] - Total equity increased to ¥1,435,223,938.97 from ¥1,149,552,067.82, reflecting a growth of about 25%[19] Cash Flow - Cash flow from operating activities improved to a net outflow of CNY 115,690,292.66, compared to a net outflow of CNY 283,818,390.34 in the same period last year[6] - Net cash flow from operating activities for the first nine months was negative CNY 115,690,292.66, an improvement from negative CNY 283,818,390.34 year-over-year[33] - Cash inflow from operating activities totaled CNY 526,977,620.78, down from CNY 559,823,365.30 in the same period last year[33] - Cash outflow from operating activities decreased to CNY 642,667,913.44 from CNY 843,641,755.64, reflecting better cost management[33] - Cash flow from financing activities showed a net increase of CNY 372,277,683.90, compared to a net outflow of CNY 37,687,173.73 in the previous year[34] - The ending cash and cash equivalents balance increased to CNY 481,775,522.98 from CNY 133,098,501.27, indicating improved liquidity[34] Shareholder Information - The total number of shareholders at the end of the reporting period was 27,387[8] - The largest shareholder, Nanjing New Industry Investment Group, held 35.41% of the shares[8] Expenses and Costs - The company’s research and development expenses increased by 40.12% to CNY 1,944,751.00, indicating a commitment to innovation[11] - The company’s management expenses rose by 60.98% to CNY 124,629,018.29, reflecting increased costs associated with the environmental production halts[11] - Total operating costs for Q3 2018 were ¥210,318,119.60, down from ¥395,654,138.28 in Q3 2017, reflecting a decrease of 46.9%[25] Other Financial Metrics - Government subsidies recognized in the first nine months amounted to CNY 1,145,338.85[7] - The company reported a significant increase in prepayments, rising by 585.81% to CNY 65,520,553.55, attributed to increased imports of wood pulp[11] - The company’s investment income dropped by 99.12% to CNY 317,399.50, primarily due to a decline in net profit from its associate company[11] - The company received tax refunds amounting to CNY 5,778,437.94, compared to CNY 8,266,075.02 in the previous year[33]