NBYS(SH:600366)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥1,337,997,609.34, a decrease of 25.50% compared to the same period last year[5] - The net profit attributable to shareholders was a loss of ¥60,139,974.63, with a year-to-date loss of ¥246,924,790.03[5] - Basic earnings per share for Q3 2023 were -¥0.0557, and diluted earnings per share were also -¥0.0557[6] - The company achieved a total revenue of RMB 4.024 billion for the year-to-date, representing a decrease of 19.56% compared to the same period last year[13] - Net profit for the third quarter of 2023 was a loss of CNY 245,855,991.34, compared to a profit of CNY 332,014,508.42 in the same quarter of 2022[21] - The total comprehensive income for the third quarter of 2023 was -244,811,556.61, compared to 335,371,150.42 in the same quarter of 2022[22] Assets and Liabilities - Total assets at the end of the reporting period were ¥9,022,343,413.19, representing a decrease of 6.93% from the end of the previous year[6] - As of September 30, 2023, the company's total assets amounted to RMB 9.022 billion, a decrease from RMB 9.694 billion at the end of 2022[16] - The company's total liabilities as of the end of the third quarter of 2023 amounted to CNY 3,157,551,301.30, a decrease from CNY 3,559,740,691.40 in the previous year[22] - The total equity attributable to shareholders of the parent company was CNY 5,826,941,033.90, down from CNY 6,123,987,864.73 year-over-year[18] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥778,977,754.56[6] - The net cash flow from operating activities for the first three quarters of 2023 was ¥778,977,754.56, a significant improvement from a net outflow of ¥984,918,275.80 in the first three quarters of 2022[26] - The total cash inflow from investment activities was ¥1,017,844,285.17, down from ¥2,084,974,474.19 in the same period last year, indicating a decrease of approximately 51.1%[26] - The net cash flow from financing activities in the first three quarters of 2023 was -¥233,898,898.42, compared to a positive net flow of ¥664,224,942.99 in the same period of 2022[27] - The cash and cash equivalents at the end of the third quarter of 2023 amounted to ¥1,335,701,096.74, an increase from ¥589,625,252.69 at the end of the same period in 2022[27] Sales Performance - Sales revenue from neodymium iron boron permanent magnetic materials for electric vehicle applications reached RMB 1.339 billion, an increase of 30% year-on-year, capturing approximately 24.3% market share in the domestic new energy passenger vehicle market[13] - Sales revenue from neodymium iron boron permanent magnetic materials for consumer electronics applications was RMB 810 million, a decrease of 44% year-on-year[13] - Sales revenue from neodymium iron boron permanent magnetic materials for industrial and other applications totaled RMB 1.364 billion, down 19% year-on-year[13] Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 268,611,822.43, a decrease of 13.5% from CNY 310,408,404.86 in the same period of 2022[20] Market Conditions - The decline in net profit was primarily attributed to intensified market competition and a decrease in product prices, leading to lower gross margins[8] - The company has not reported any new product developments or market expansion strategies in this quarter[8] Other Financial Metrics - The weighted average return on net assets decreased by 2.81 percentage points to -1.00% for Q3 2023[6] - The company reported non-recurring losses totaling ¥46,241,126.05 for the current period[7] - The company reported an investment income of CNY 34,995,568.22 for the first three quarters of 2023, compared to CNY 20,979,563.91 in the previous year[21] - The company included Ningbo Yunkai Magnetic Industry Co., Ltd. in its consolidated financial statements during this reporting period[13]