NNCI(SH:600301)2020-10-28 16:00Financial Performance - Operating revenue for the period from January to September was ¥532,023,486.97, representing a year-on-year increase of 7.38%[19] - Net profit attributable to shareholders for the same period was ¥7,273,533.22, a decrease of 7.64% compared to the previous year[19] - Basic and diluted earnings per share were both ¥0.0309, down 7.76% from ¥0.0335 in the previous year[19] - In Q3 2020, the company's operating revenue was ¥184,542,970.21, a decrease of 23.3% compared to ¥240,572,051.38 in Q3 2019[47] - The operating profit for Q3 2020 was ¥2,676,260.71, down 38.7% from ¥4,377,489.77 in Q3 2019[47] - The net profit for Q3 2020 was ¥2,671,834.62, a decline of 39.0% compared to ¥4,377,489.77 in Q3 2019[49] - The total comprehensive income for Q3 2020 was ¥2,671,834.62, down 39.0% from ¥4,377,489.77 in Q3 2019[49] - Basic earnings per share for Q3 2020 were ¥0.0114, compared to ¥0.0186 in Q3 2019, reflecting a decrease of 38.7%[49] Assets and Liabilities - Total assets at the end of the reporting period reached ¥406,408,905.84, an increase of 1.31% compared to the end of the previous year[19] - The company's total liabilities decreased from CNY 78,196,133.42 to CNY 76,181,880.78, indicating a reduction in financial obligations[42] - The total equity increased from CNY 322,953,491.84 to CNY 330,227,025.06, reflecting a slight improvement in the company's financial position[43] - Total assets amounted to 401,149,625.26, with current assets at 396,139,523.95[57] - Current liabilities totaled 62,650,438.13, including accounts payable of 12,099,549.34 and accrued employee compensation of 8,799,400.37[59] - Non-current liabilities were recorded at 15,545,695.29, primarily due to long-term employee compensation[59] - Total liabilities amounted to 78,196,133.42, reflecting the company's financial obligations[59] Cash Flow - The net cash flow from operating activities improved to -¥25,581,040.71, a 26.77% increase compared to -¥34,934,432.24 in the previous year[19] - The company reported a net cash outflow from operating activities of ¥25,581,040.71 in the first three quarters of 2020, an improvement from a net outflow of ¥34,934,432.24 in the same period of 2019[53] - The company received a significant increase in cash related to operating activities, with other cash receipts rising by 159.93% to CNY 1,570,150.36 compared to CNY 604,076.63 in the previous year[31] - The company maintained cash and cash equivalents of 186,027,273.64, indicating liquidity stability[57] - The cash and cash equivalents at the end of Q3 2020 were ¥160,408,345.60, down from ¥188,224,363.18 at the end of Q3 2019[55] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,411[25] - The largest shareholder, Nanning Chemical Group Co., Ltd., holds 32.00% of the shares[25] - There were no significant changes in the company's shareholding structure or any related party transactions reported[28] Inventory and Operating Costs - The company's inventory increased by 17.73% from CNY 163,394,765.21 at the beginning of the period to CNY 192,357,486.58 at the end of the period, indicating a rise in stock levels[31] - Operating costs rose by 7.82% to CNY 521,023,720.71 from CNY 483,234,458.97, reflecting the same increase in trade volume[31] - Management expenses surged by 34.17% to CNY 4,334,806.91, attributed to higher leasing and office costs[31] - Inventory was valued at 163,394,765.21, which is crucial for operational efficiency[57] Asset Restructuring - The company is in the process of acquiring 100% equity of Guangxi Huaxi Mining Co., Ltd. from Guangxi Huaxi Group Co., Ltd. through a share issuance, which is part of a major asset restructuring plan[31] - As of the reporting period, the audit and evaluation work related to the asset restructuring has not been fully completed, and the company will disclose the restructuring report after the board's review[34] Government Support - The company received government subsidies amounting to ¥60,777.10 related to COVID-19 support measures[23] Other Financial Metrics - The weighted average return on equity decreased by 0.33 percentage points to 2.23%[19] - The company experienced a decrease in interest expenses, reporting ¥34,478.97 in Q3 2020 compared to ¥275,700.00 in Q3 2019, a reduction of 87.5%[47] - Research and development expenses were not specified in the provided data, indicating a potential area for further inquiry[47] - The implementation of new revenue and lease standards began in 2020, affecting financial reporting[57] - The company reported an undistributed profit of -1,101,388,414.71, indicating a significant loss[61]