NNCI(SH:600301)2025-10-30 09:25Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,350,936,518.15, an increase of 16.32% compared to ¥1,161,431,180.45 in the same period last year[3] - The total profit for Q3 2025 was ¥257,897,910.25, a decrease of 33.18% from ¥385,943,439.85 in the previous year[3] - Net profit attributable to shareholders for Q3 2025 was ¥112,352,232.77, down 41.37% from ¥191,617,860.70 in the same period last year[3] - The basic earnings per share for Q3 2025 decreased by 40.00% to ¥0.18 from ¥0.30 in the previous year[3] - The weighted average return on equity for Q3 2025 was 3.00%, a decrease of 1.94 percentage points from 5.06% in the same period last year[3] - Net profit for the first three quarters of 2025 was ¥828,557,991.18, a decrease of 3.1% from ¥855,032,336.13 in 2024[19] - Basic and diluted earnings per share for the first three quarters of 2025 are CNY 0.781, down from CNY 0.854 in 2024, indicating a decrease of about 8.5%[20] Assets and Liabilities - Total assets at the end of Q3 2025 amounted to ¥8,363,534,181.03, representing an increase of 8.04% from ¥7,740,148,088.59 at the end of the previous year[3] - Total liabilities increased to ¥2,930,036,316.60 as of September 30, 2025, from ¥2,755,690,629.78 at the end of 2024, marking a rise of 6.3%[16] - The company's non-current assets totaled ¥5,595,174,792.02 as of September 30, 2025, slightly down from ¥5,600,790,546.92 at the end of 2024[16] - The total equity attributable to shareholders increased to ¥4,493,886,715.03 as of September 30, 2025, compared to ¥3,999,248,414.49 at the end of 2024, reflecting a growth of 12.4%[16] Production and Operations - The company reported a 9.65% decrease in tin concentrate production, with 4,758.68 tons produced in the first three quarters of 2025 compared to 5,267.04 tons in 2024[12] - Zinc ingot production increased by 15.08%, reaching 8,897.34 tons in 2025 compared to 7,731.25 tons in 2024[12] - The company reported a 4.37% decrease in zinc concentrate production, with 39,686.66 tons produced in 2025 compared to 41,498.55 tons in 2024[12] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥887,231,931.52, a decrease of 4.13% compared to ¥925,459,341.10 in the previous year[3] - Cash inflow from operating activities for the first three quarters of 2025 is CNY 4,860,350,813.50, compared to CNY 3,940,618,244.70 in 2024, reflecting an increase of approximately 23.3%[22] - Cash outflow from operating activities for the first three quarters of 2025 is CNY 3,973,118,881.98, up from CNY 3,015,159,919.94 in 2024, which is an increase of about 31.8%[22] - The ending balance of cash and cash equivalents for the first three quarters of 2025 is CNY 1,589,180,956.37, up from CNY 1,051,203,349.04 in 2024, indicating a growth of approximately 51.1%[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 22,239[10] - The largest shareholder, Guangxi Huaxi Group, holds 56.47% of shares, totaling 357,231,798 shares[10] Acquisitions and Adjustments - The company completed the acquisition of 100% equity in Beijing Huaxi Jinhai Trading Co., Ltd. from Guangxi Huaxi Group in August 2025, which required retrospective adjustments to the previous year's consolidated financial statements[4] - The company plans to acquire 100% equity of Beijing Huaxi Jinhai Trading Co., Ltd. for RMB 1.0383 million[13] Costs and Expenses - Total operating costs for the first three quarters of 2025 were ¥3,160,014,296.68, up 31.8% from ¥2,398,577,672.96 in 2024[18] - Research and development expenses for the first three quarters of 2025 were ¥64,032,344.29, an increase of 44.8% compared to ¥44,253,145.75 in 2024[18] - The company recorded a net investment loss of ¥118,739.63 in the first three quarters of 2025, compared to a loss of ¥4,361.12 in the same period of 2024[18] Profitability Factors - The decline in net profit was primarily due to decreased ore grade, increased environmental management costs, and changes in mining rights affecting profitability[8] - The company recorded a net profit reduction of RMB 51.64 million due to the recognition of mining rights transfer income[12]