NHL(SH:600262)2020-10-22 16:00Financial Performance - Operating revenue decreased by 19.95% to CNY 792,166,260.95 for the year-to-date period compared to the same period last year[6] - Net profit attributable to shareholders decreased by 3.36% to CNY 43,916,642.59 for the year-to-date period compared to the same period last year[6] - The weighted average return on equity decreased by 0.24 percentage points to 3.67%[6] - The company reported a net profit of ¥194,068,978.49 in retained earnings, up from ¥170,552,335.90[17] - The company's operating revenue for Q3 2020 was ¥251,680,051.03, a decrease of 46.5% compared to ¥469,273,139.60 in Q3 2019[19] - The net profit for Q3 2020 was ¥5,300,728.55, down 68.8% from ¥16,993,020.79 in Q3 2019[20] - The total profit for the first three quarters of 2020 was ¥51,666,638.34, a decline of 3.4% compared to ¥53,464,336.03 in the same period of 2019[20] - The company’s basic earnings per share for the first three quarters of 2020 were ¥0.26, down from ¥0.27 in the same period of 2019[21] Assets and Liabilities - Total assets increased by 6.05% to CNY 2,580,289,149.06 compared to the end of the previous year[6] - Current assets totaled ¥2,033,533,444.52, up from ¥1,879,070,397.07 in the previous year[15] - Total liabilities reached ¥1,376,387,415.72, compared to ¥1,252,896,145.45 in the previous year[17] - Total current assets amounted to approximately $1.88 billion, with cash and cash equivalents at $370.4 million and accounts receivable at $337.5 million[26] - Total liabilities reached approximately $1.25 billion, with current liabilities at $936.7 million and long-term borrowings of $200 million[27] - Shareholders' equity totaled approximately $1.18 billion, including retained earnings of $170.6 million and capital reserves of $403.9 million[27] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash flow of CNY -1,072,014.15 compared to CNY -321,235,728.23 in the previous year[6] - The company reported a net cash flow from operating activities of -¥1,072,014.15 for the first three quarters of 2020, compared to -¥321,235,728.23 in the same period of 2019[23] - The cash and cash equivalents at the end of Q3 2020 were ¥413,283,323.22, an increase from ¥204,578,219.76 at the end of Q3 2019[24] Inventory and Expenses - Inventory increased by 54.79% to CNY 954,358,093.55 due to delayed deliveries and increased component reserves[10] - Inventory increased significantly to ¥954,358,093.55 from ¥616,560,323.30, indicating a rise in stock levels[15] - Sales expenses decreased by 41.51% to ¥29,721,158.07 from ¥50,813,619.22 due to a change in accounting standards[11] - The company’s sales expenses for the first three quarters of 2020 were ¥29,721,158.07, a decrease of 41.4% from ¥50,813,619.22 in the same period of 2019[19] - Research and development expenses for the first three quarters of 2020 were ¥10,728,194.36, down 21.3% from ¥13,653,668.93 in the same period of 2019[19] Investments and Financing - Long-term borrowings increased by 50.00% to CNY 300,000,000.00 to support production needs[10] - The company reported a decrease in accounts receivable financing by 48.68% to CNY 97,941,079.28 due to the collection of matured notes[10] - Investment income rose by 29.99% to ¥15,502,823.20 compared to ¥11,926,399.64 in the previous year[11] - The company achieved investment income of ¥15,502,823.20 in the first three quarters of 2020, an increase of 30.5% compared to ¥11,926,399.64 in the same period of 2019[20] - The company obtained loans amounting to ¥400,000,000.00 in the first three quarters of 2020, compared to ¥420,000,000.00 in the same period of 2019[24] Government Support and Contracts - The company received government subsidies amounting to CNY 2,171,000.00 during the year-to-date period[8] - The company signed a significant procurement contract with Huibang Group for mining vehicles, with no further developments reported as of the end of the reporting period[11] Deferred Income - Deferred income increased to ¥49,618,763.48, up 39.95% from ¥35,454,775.48 in the same period last year[11] - The company reported a total of $35.5 million in deferred income, indicating potential future revenue streams[27]