NXBM(SH:600449)2025-10-20 10:25Financial Performance - The company's operating revenue for the third quarter was CNY 1,490,014,559.44, a decrease of 39.75% compared to the same period last year[3] - The total profit for the third quarter was CNY 142,309,058.40, reflecting a slight increase of 1.28% year-on-year[3] - The net profit attributable to shareholders was CNY 115,787,522.03, down 2.16% from the previous year[3] - The company reported a significant decrease in operating revenue for the year-to-date period, down 40.27% to CNY 4,045,478,662.27[3] - Total operating revenue for the first three quarters of 2025 was CNY 4,045,478,662.27, a decrease of 40.4% compared to CNY 6,772,632,934.84 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 increased to CNY 277,144,758.36, compared to CNY 204,965,010.51 in 2024, reflecting a growth of 35%[20] - Net profit for the first three quarters of 2025 was CNY 278,237,262.55, up from CNY 199,027,167.66 in 2024, indicating a growth of 39.9%[20] - The net profit for the first three quarters of 2025 reached CNY 231,305,555.62, an increase of 33.3% compared to CNY 173,608,283.34 in the same period of 2024[21] - Net profit for the first three quarters of 2025 was CNY 232,178,699.79, compared to CNY 11,437,201.80 in the first three quarters of 2024, reflecting a substantial growth[30] Cash Flow and Liquidity - The net cash flow from operating activities increased by 102.28% to CNY 302,662,132.42[3] - Cash flow from operating activities for the year-to-date period was 114.96 million, as the decline in cash received from sales was less than the decline in cash paid for purchases[9] - Cash received from investment redemptions increased to 122.22 million, driven by higher redemptions of structured deposit financial products[9] - The operating cash flow for the first three quarters of 2025 was CNY 658,166,400.45, up from CNY 306,181,932.10 in the previous year, representing a growth of 115.5%[24] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 123,361,486.15, a turnaround from a negative cash flow of CNY -366,917,800.10 in the same period of 2024[33] - The total cash and cash equivalents at the end of September 2025 amounted to CNY 1,799,293,522.69, compared to CNY 980,151,503.56 at the end of 2024, indicating an increase of 83.4%[25] - Cash and cash equivalents at the end of the third quarter of 2025 totaled CNY 1,740,486,711.63, up from CNY 900,531,511.22 at the end of the third quarter of 2024[34] - The company reported cash inflows from investment activities of CNY 4,640,967,674.90 in the first three quarters of 2025, significantly higher than CNY 2,091,733,442.25 in the same period of 2024[24] Assets and Liabilities - The company's total assets at the end of the reporting period were CNY 10,436,675,685.01, a decrease of 1.72% from the end of the previous year[4] - Total assets as of September 30, 2025, were CNY 10,436,675,685.01, a slight decrease from CNY 10,618,963,806.74 at the end of 2024[18] - Total liabilities decreased to CNY 2,666,827,136.03 as of September 30, 2025, from CNY 2,963,858,822.65 at the end of 2024, a reduction of 10%[18] - The total assets increased to CNY 9,826,414,666.07 as of the end of the reporting period, compared to CNY 9,603,707,961.66 at the end of the previous period[28] - Total liabilities amounted to CNY 2,874,517,630.13, an increase from CNY 2,783,571,606.69 in the previous period[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 29,346[12] - The largest shareholder, China National Building Material Group Corporation, holds 49.03% of the shares[12] Investment and Income - Investment income for the year-to-date period increased to 63.60 million due to higher redemption gains from structured deposits[9] - Share of profit from associates and joint ventures rose to 33.96 million, attributed to increased profits from joint ventures[9] - Total profit for the year-to-date period reached 39.80 million, reflecting an increase in operating profit[9] - The company reported a significant increase in asset disposal gains, amounting to 964.70 million, due to higher gains from fixed asset disposals[9] - The company reported an investment income of CNY 255,492,242.62 for the first three quarters of 2025, a notable increase from CNY 19,333,595.73 in the same period of 2024[30] Expenses - The basic earnings per share for the quarter was CNY 0.24, a decrease of 4.00% compared to the same period last year[4] - Research and development expenses for the first three quarters of 2025 were CNY 22,124,745.13, down 19.3% from CNY 27,368,208.44 in 2024[20] - The cash outflow for purchasing fixed assets and other long-term assets was CNY 62,637,026.60 in 2025, down from CNY 77,076,711.84 in 2024, indicating a decrease of 18.6%[25] - The financial expenses showed a significant improvement, with a net financial income of CNY 8,446,874.49 in the first three quarters of 2025, compared to a loss of CNY 14,044,125.54 in the same period of 2024[30] Other Comprehensive Income - The company’s other comprehensive income attributable to minority shareholders increased to CNY 9,871,974.38 from CNY 2,771,834.75, marking a growth of 256.5%[21] Accounting Standards - The new accounting standards or interpretations will be implemented starting from 2025, affecting the financial statements from the beginning of that year[35]