NBTM(SH:600114)2021-10-26 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥956,643,203.05, representing a year-on-year increase of 7.52%[3] - The net profit attributable to shareholders for the same period was ¥23,992,690.42, with a year-to-date net profit of ¥84,647,644.96, reflecting a significant increase of 74.97% year-on-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥19,098,335.63 for Q3 2021, with a year-to-date figure of ¥75,441,852.57, showing a remarkable increase of 485.46% year-on-year[3] - The basic and diluted earnings per share for Q3 2021 were both ¥0.04, an increase of 75.00% compared to the same period last year[3] - Total operating revenue for the first three quarters of 2021 reached CNY 2,691,033,734.11, an increase of 19.5% compared to CNY 2,252,211,941.26 in the same period of 2020[28] - Operating profit for the first three quarters of 2021 was CNY 97,355,013.60, up from CNY 71,892,136.90 in the previous year, reflecting a growth of 35.3%[30] - Net profit attributable to shareholders of the parent company for the first three quarters of 2021 was CNY 84,647,644.96, compared to CNY 48,377,251.92 in 2020, marking an increase of 75.0%[30] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,103,969,687.05, up 3.50% from the end of the previous year[5] - The company's current assets decreased to RMB 2.28 billion from RMB 2.30 billion at the end of 2020, primarily due to a reduction in cash and cash equivalents[23] - Inventory increased significantly to RMB 746.93 million, up from RMB 588.06 million at the end of 2020, indicating potential challenges in sales or production[23] - The total liabilities reached 2,938,016,574.90 RMB, showing an increase compared to the previous period[38] - The total assets of the company were reported at 5,950,988,351.50 RMB, demonstrating overall asset growth[36] Shareholder Information - The total number of common shareholders at the end of the reporting period was 38,153, with the largest shareholder holding 10.62% of the shares[11] - The largest shareholder, Mutsu Special Metals Co., Ltd., held 65,467,200 shares, representing 10.62% of the total shares[11] - Ningbo Jinguang Investment Co., Ltd. held 51,111,016 shares, accounting for 8.29% of the total shares, and is also a significant shareholder[11] Cash Flow and Financing - The net cash flow from operating activities for the year-to-date period was ¥108,325,269.28, which represents a decrease of 20.97% year-on-year[3] - The net cash flow from investment activities was -294,182,269.29 RMB, compared to -848,640,321.28 RMB in the previous year, indicating an improvement[34] - The total cash inflow from financing activities was 1,514,349,685.00 RMB, down from 2,189,803,342.32 RMB year-over-year[34] - The net cash flow from financing activities was 132,582,738.62 RMB, a significant decrease from 790,301,341.49 RMB in the previous year[34] Operational Challenges and Strategies - The company attributed the improved financial performance primarily to the integration of industrial resources in its Metal Injection Molding (MIM) segment, which reduced losses compared to the previous year[9] - The MIM segment integration is progressing, but the overall performance is not expected to improve significantly due to factors such as international political and economic changes and chip shortages affecting the consumer electronics industry[16] - The company is facing multiple operational challenges due to rising raw material costs, power restrictions, and increased international logistics costs[16] - The overall market expansion strategy includes increasing production capacity in key sectors, which is expected to contribute to future revenue growth[10] Research and Development - Research and development expenses for the first three quarters of 2021 amounted to CNY 227,710,128.28, up from CNY 186,468,655.19 in the same period last year, indicating a rise of 22.1%[28] - The company reported non-recurring gains of ¥4,894,354.79 for Q3 2021, with significant contributions from government subsidies and asset disposals[8] - The company has optimized its product structure, leading to continuous rapid growth in sales revenue from soft magnetic materials[10] - The report indicates that the company is actively developing new products and technologies in the soft magnetic materials sector[10] Future Investments - The company plans to invest a total of RMB 1 billion in the construction of an automated production line for precision electronic components in Lianyungang, with the project being implemented by its wholly-owned subsidiary[16] - The company has ongoing construction projects, including the Huajing Manufacturing Base Project in South China, with an investment of up to RMB 420 million[19]