NBSS(SH:600884)2017-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 6,643,679,241.79, a 71.83% increase year-on-year[6] - Net profit attributable to shareholders increased by 58.47% to CNY 467,973,875.37 for the first nine months[6] - Basic earnings per share rose by 55.02% to CNY 0.417[7] - The weighted average return on equity increased by 1.626 percentage points to 5.388%[7] - The company anticipates a significant increase in net profit for the year, primarily due to the strong performance of its lithium battery cathode materials business[22] Assets and Liabilities - Total assets increased by 42.46% to CNY 20,780,428,959.84 compared to the end of the previous year[6] - Total current assets increased to CNY 9,310,372,648.67 from CNY 7,148,258,794.97, representing a growth of approximately 30.3%[28] - Total non-current assets grew to CNY 11,470,056,311.17 from CNY 7,438,157,137.26, an increase of approximately 54.5%[29] - Total liabilities rose to CNY 10,887,760,980.12 from CNY 5,942,297,732.46, indicating an increase of about 83.5%[30] - Total equity increased to CNY 9,892,667,979.72 from CNY 8,644,118,199.77, representing a growth of approximately 14.4%[30] Cash Flow - The net cash flow from operating activities improved significantly, with a net cash outflow of CNY 398,490,661.78 compared to CNY 735,394,126.85 in the same period last year[6] - Operating cash inflow for the first nine months of 2017 was CNY 1,098,092,454.23, an increase from CNY 840,875,193.42 in the same period last year, representing a growth of approximately 30.6%[49] - Net cash flow from operating activities was negative CNY 1,044,841,297.35, worsening from negative CNY 760,504,155.56 year-on-year[49] - Cash inflow from financing activities was CNY 3,024,940,000.00, down from CNY 3,813,094,990.94 year-on-year[50] - The company paid CNY 1,413,940,000.00 in debt repayments during the reporting period, compared to CNY 1,015,693,600.00 in the same period last year[50] Shareholder Information - The company reported a total of 70,256 shareholders at the end of the reporting period[11] - The top shareholder, Shanshan Group Co., Ltd., holds 23.79% of the shares[11] Inventory and Receivables - Accounts receivable increased by 58.39% to ¥2.86 billion due to significant growth in sales of lithium battery materials[13] - Prepayments surged by 184.89% to ¥516.30 million, primarily due to rising prices of cathode raw materials[13] - Inventory rose by 65.13% to ¥1.99 billion, attributed to increased raw material prices in the lithium battery materials business[13] Investments and Acquisitions - The company invested ¥2,952,805,357.20 in investment activities, primarily for purchasing shares in Luoyang Molybdenum Co., Ltd. and acquiring Huzhou Chuangya Power Battery Material Co., Ltd.[18] - The company plans to use up to ¥20 billion for external investments, including a ¥9 billion investment in a trust plan for acquiring shares in Luoyang Molybdenum[19] - Goodwill increased by 1048.80% to ¥152.31 million following the acquisition of Huzhou Chuangya Power Battery Materials Co., Ltd.[13] Operating Costs - Operating costs rose to ¥5,066,544,853.36, reflecting a 77.39% increase from ¥2,856,094,076.31, primarily due to the significant growth in sales revenue[16] - Operating costs for Q3 2017 were ¥2,650,942,089.12, which is a 96.9% increase from ¥1,345,547,566.16 in Q3 2016[38] Other Income and Comprehensive Income - The company recognized non-operating income of CNY 10,571,640.95 for the current period[10] - Other comprehensive income grew by 38.17% to ¥2.47 billion, influenced by stock price changes of Ningbo Bank and Luoyang Molybdenum[14] - The total comprehensive income for the period was ¥549,258,782.24, significantly higher than ¥192,371,004.75 in the same quarter last year, an increase of 185.5%[39]