NHL(SH:600262)2023-10-23 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 616,556,387.75, representing a year-on-year increase of 49.53%[5] - The net profit attributable to shareholders for Q3 2023 was CNY 41,995,218.15, up 55.93% compared to the same period last year[5] - The basic earnings per share for Q3 2023 was CNY 0.2470, reflecting a 55.93% increase year-on-year[6] - Total operating revenue for the first three quarters of 2023 reached ¥1,756,250,219.94, an increase from ¥1,546,818,300.49 in the same period of 2022, representing a growth of approximately 13.5%[20] - Net profit for the third quarter of 2023 was ¥112,066,457.84, up from ¥91,729,038.06 in the same quarter of 2022, reflecting a growth of approximately 22.1%[22] - Earnings per share for the third quarter of 2023 were ¥0.55, compared to ¥0.44 in the same quarter of 2022, marking an increase of 25%[23] - The company reported a total profit of ¥141,562,108.95 for the third quarter of 2023, compared to ¥114,619,355.79 in the same quarter of 2022, indicating an increase of about 23.5%[22] Assets and Liabilities - Total assets at the end of Q3 2023 reached CNY 3,646,773,181.40, marking a 31.11% increase from the end of the previous year[6] - The company's current assets totaled RMB 3,164,220,828.47, up from RMB 2,282,128,797.17, indicating an increase of about 39%[16] - Total liabilities as of the end of the third quarter of 2023 were ¥2,097,149,238.15, compared to ¥1,296,063,229.14 at the end of the previous year, representing an increase of about 62.0%[21] - Current liabilities rose to RMB 1,871,394,931.91, compared to RMB 994,669,779.65, indicating an increase of about 88%[17] Cash Flow - Cash flow from operating activities showed a net outflow of CNY 7,802,953.94, a decrease of 103.04% year-on-year[6] - Cash inflow from operating activities for the first three quarters of 2023 was ¥2,159,865,239.07, significantly higher than ¥1,478,980,342.51 in 2022, showing an increase of about 46.0%[23] - The net cash flow from operating activities for Q3 2023 was $252.91 million, a significant increase from $24.50 million in Q3 2022, representing a year-over-year growth of over 931%[24] - Total cash outflow from operating activities amounted to $1.91 billion, compared to $1.45 billion in the same period last year, indicating a 31% increase[24] - The ending balance of cash and cash equivalents increased to $549.97 million, up from $486.37 million at the end of Q3 2022, marking an increase of about 13%[25] Inventory and Expenses - The company reported a significant increase in inventory by 154.81% to meet sales demand[9] - Research and development expenses increased by 50.15% during the reporting period[9] - Research and development expenses for the third quarter of 2023 amounted to ¥76,448,893.09, up from ¥50,915,660.87 in the same quarter of 2022, indicating a growth of approximately 50.0%[21] - Cash paid for various taxes was $77.50 million, compared to $62.37 million in Q3 2022, representing a year-over-year increase of 24%[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 11,866[11] - Total equity attributable to shareholders reached ¥1,443,007,347.13, an increase from ¥1,382,824,999.34 in the previous year, reflecting a growth of approximately 4.3%[21] Contracts and Operational Challenges - The company has ongoing contracts with Walker Mining Company, with a total contract value of approximately USD 64.5 million, of which 20% has been received as a prepayment[13] - The company is facing uncertainties regarding the execution of subsequent orders under the mining vehicle procurement contracts due to operational needs[14] - The company has not made any purchases of mining vehicles from Beishan Company during the reporting period, indicating a potential delay in project implementation[15]