NNCC(SH:600435)2023-10-25 16:00Financial Performance - Total operating revenue for the first three quarters of 2023 was CNY 2,398,000,507.30, a decrease of 15.59% compared to the same period in 2022[7]. - Net profit attributable to shareholders of the listed company for the first three quarters was CNY 184,935,723.25, an increase of 19.49% year-on-year[16]. - Operating profit for the reporting period was CNY 239,160,320.89, compared to CNY 208,102,859.11 in the previous year[4]. - The company reported a net profit of CNY 37,948,523.52 for the third quarter, reflecting a 1.39% increase year-on-year[16]. - The company's total operating costs for the first three quarters were CNY 2,159,722,293.85, down from CNY 2,632,677,785.33 in the previous year[7]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 47.61% due to the absence of inventory impairment provisions in the current reporting period[42]. - Operating revenue for the current reporting period decreased by 43.38%, primarily due to a reduction in revenue from dual-use military-civilian products compared to the same period last year[42]. - Total comprehensive income amounted to 205,090,402.29, an increase from 189,916,597.60 in the previous period[55]. - Net income attributable to the parent company was 184,141,021.58, up from 154,591,021.44[55]. - Basic and diluted earnings per share were both 0.1234, compared to 0.1039 in the prior period[55]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 7,031,700,012.47, representing an 11.13% increase compared to the end of the previous year[17]. - The company's total assets as of September 30, 2023, amount to 7,031,700,012.47 RMB, an increase from 6,327,391,423.75 RMB in the previous year[27]. - The total liabilities are reported at 3,621,325,648.82 RMB, compared to 3,092,328,340.46 RMB in the previous year[27]. - The total equity attributable to shareholders of the parent company is 2,696,484,957.84 RMB, up from 2,485,125,626.80 RMB year-over-year[27]. Cash Flow - The company's cash flow from operating activities for the year-to-date was CNY -717,550,052.65[16]. - Cash received from sales of goods and services in the first three quarters of 2023 is 1,097,321,483.03 RMB, down from 1,466,134,831.04 RMB in the same period last year[30]. - The net cash flow from operating activities was -¥717,550,052.65, compared to -¥223,380,238.15 in the previous year[53]. - Cash inflow from investment activities totaled ¥870,000,000.00, while cash outflow was ¥1,021,188,843.95, resulting in a net cash flow of -¥151,188,843.95 from investment activities[53]. - The company's cash and cash equivalents decreased from ¥1,999,707,831.30 at the end of 2022 to ¥1,176,784,194.99 as of September 30, 2023[46]. - The ending balance of cash and cash equivalents was 361,292,532.99, down from 518,281,960.47[57]. - Cash and cash equivalents decreased by 913,941,216.31 during the period, compared to a decrease of 155,839,358.37 in the previous period[57]. - Cash outflow from financing activities totaled 121,568,114.12, compared to 94,393,359.14 previously[57]. - Net cash flow from financing activities was -45,202,492.80, an improvement from -92,279,459.14[57]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 95,474[20]. - The largest shareholder, North Navigation Technology Group Co., Ltd., holds 339,388,862 shares, accounting for 22.65% of total shares[20]. Research and Development - Research and development expenses for the first three quarters amounted to CNY 153,852,021.81, up from CNY 125,925,537.00 in the previous year[7]. Inventory and Receivables - The company's inventory as of September 30, 2023, is 718,194,715.33 RMB, an increase from 609,143,882.06 RMB in the previous year[25]. - Accounts receivable increased to ¥3,364,221,233.73 from ¥2,031,101,609.45 year-on-year[46]. Other Income and Expenses - The company recognized other operating income of ¥100,346.95 in the current period, compared to ¥85,510.26 in the previous period[41]. - The total non-recurring gains and losses amounted to ¥3,594,006.50 for the current period, down from ¥8,105,088.19 in the previous period[41]. - The total amount of government subsidies recognized in the current period was ¥710,995.76, with a cumulative amount of ¥2,136,235.90 from the beginning of the year to the end of the reporting period[39]. - The company reported a significant increase in employee compensation payments, totaling ¥295,858,724.93, compared to ¥256,962,779.68 in the previous year[53]. - Dividends and profit payments amounted to 119,238,292.12, an increase from 90,740,737.14[57]. - Cash paid to minority shareholders was 59,312,752.80, compared to 51,928,891.86 previously[57]. Other Financial Metrics - The weighted average return on net assets was 1.50%, a decrease of 0.05 percentage points compared to the previous year[17]. - The company has a deferred tax asset of 55,874,114.94 RMB, down from 79,990,827.52 RMB in the previous year[25]. - The impact of exchange rate changes on cash and cash equivalents was 173.09, up from 42.79[57].