NNCI(SH:600301)2019-10-24 16:00Financial Performance - Operating revenue surged by 285.71% to CNY 495,437,003.51 for the period from January to September[19] - Net profit attributable to shareholders decreased by 84.18% to CNY 7,875,180.08 compared to the same period last year[19] - The company reported a significant increase in sales revenue, with cash received from sales reaching CNY 603,441,560.79, up 316% year-on-year[28] - Total operating revenue for Q3 2019 reached ¥240,572,051.38, a significant increase from ¥62,030,806.33 in Q3 2018, representing a growth of approximately 287.5%[54] - Net profit for Q3 2019 was ¥4,377,489.77, a decrease from ¥59,909,980.75 in Q3 2018, reflecting a decline of approximately 92.7%[57] - The total comprehensive income attributable to the parent company for Q3 2019 was CNY 4,377,489.77, compared to CNY 62,463,989.39 in the same period last year, showing a decline of about 93%[62] Cash Flow - Cash flow from operating activities improved significantly, with a net cash flow of CNY -34,934,432.24, an improvement from CNY -136,435,641.16 in the previous year[19] - Cash inflow from operating activities totaled CNY 604,045,637.42, a significant increase from CNY 158,125,694.24 in the same period last year, representing a growth of approximately 282%[68] - Cash outflow for purchasing goods and services was CNY 624,443,400.31, compared to CNY 274,398,788.67 in the previous year, indicating an increase of about 128%[68] - The net cash flow from operating activities was negative at CNY -34,934,432.24, an improvement from CNY -136,435,641.16 in the same period last year[70] - The company reported a decrease in cash paid to employees, totaling CNY 12,900,678.10, down from CNY 17,037,723.33 in the same period last year[68] Assets and Liabilities - Total assets increased by 2.17% to CNY 403,715,762.30 compared to the end of the previous year[19] - The company's total current assets reached CNY 398,704,656.23, slightly up from CNY 390,132,027.94 in the previous year[36] - Total liabilities were CNY 92,696,493.06, slightly up from CNY 92,002,059.13, showing a marginal increase[42] - The company's equity attributable to shareholders increased to CNY 311,019,269.24 from CNY 303,144,089.16, marking an increase of about 2.5%[42] - Total liabilities amounted to ¥92,696,493.06, slightly up from ¥92,002,059.13, indicating a marginal increase of approximately 0.8%[51] Shareholder Information - The number of shareholders at the end of the reporting period was 8,085, with the largest shareholder holding 32% of the shares[22] - Basic and diluted earnings per share fell by 84.18% to CNY 0.0335[19] - Basic and diluted earnings per share for Q3 2019 were both CNY 0.0186, while in Q3 2018, they were CNY 0.2656, reflecting a decrease of approximately 93%[62] Company Developments - The company is undergoing bankruptcy reorganization for its subsidiary, Nanning Oasis Chemical Co., due to its inability to repay debts[29] - The company has completed the restructuring of its subsidiary, Nanning Oasis Chemical Co., and no longer holds equity in it[32] - The company plans to focus on expanding its market presence and enhancing product development in the upcoming quarters[54] - The company continues to explore new strategies for market expansion and product development, although specific details were not disclosed in the financial report[70] Operational Costs - The company experienced a 289.28% increase in operating costs, totaling CNY 483,234,458.97, attributed to increased trade volume[28] - Total operating costs for Q3 2019 were CNY 235,003,307.54, compared to CNY 59,807,868.28 in Q3 2018, which is an increase of about 292%[62]