NXBM(SH:600449)2023-10-25 16:00Financial Performance - Q3 2023 revenue reached CNY 3,224,989,146.18, an increase of 8.11% year-over-year, while year-to-date revenue was CNY 7,488,069,515.63, up 15.73% compared to the same period last year[3] - Net profit attributable to shareholders for Q3 2023 was CNY 140,071,326.32, a decrease of 34.71% year-over-year, and year-to-date net profit was CNY 291,602,548.99, down 51.24% compared to the previous year[3] - Basic earnings per share for Q3 2023 was CNY 0.30, reflecting a decline of 33.33% year-over-year, while year-to-date basic earnings per share was CNY 0.61, down 51.20%[3] - Operating profit for the first three quarters of 2023 was ¥357,372,248.49, a decrease of 53.0% compared to ¥760,530,101.75 in the same period of 2022[20] - Net profit for the first three quarters of 2023 was ¥361,274,667.91, down from ¥761,945,686.75 in 2022, indicating a decline of 52.7%[20] Assets and Liabilities - Total assets as of the end of the reporting period were CNY 11,216,854,688.26, an increase of 11.32% compared to the previous year-end[4] - Total assets as of September 30, 2023, amounted to ¥11,216,854,688.26, compared to ¥10,076,530,470.74 at the end of 2022, representing an increase of 11.3%[17] - Total liabilities increased to ¥3,668,836,884.33 as of September 30, 2023, from ¥2,641,452,236.42 at the end of 2022, reflecting an increase of 38.9%[17] - The company’s total liabilities increased to CNY 6,819,787,927.81 as of September 30, 2023, compared to CNY 5,830,055,815.51 at the end of 2022, reflecting a growth of approximately 17%[26] - Total liabilities amounted to ¥3,106,064,400.68, an increase from ¥2,326,000,838.51 in the previous year, reflecting a growth of approximately 33.4%[27] Cash Flow - Cash flow from operating activities for Q3 2023 was CNY 234,054,689.36, a decrease of 8.93% year-over-year, while year-to-date cash flow from operating activities was CNY 429,303,630.07, a significant increase of 5353.37%[3] - Cash flow from operating activities for the first nine months of 2023 was CNY 429,303,630.07, significantly lower than CNY 7,872,264.09 in the same period of 2022[23] - Cash inflow from financing activities reached ¥683,078,693.15, compared to ¥400,000,000.00 in the same period last year, while cash outflow rose to ¥749,111,761.40 from ¥472,827,839.11[34] - The net cash flow from financing activities was negative at ¥66,033,068.25, slightly better than the negative flow of ¥72,827,839.11 in 2022[34] Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,732[8] - The largest shareholder, China National Building Material Group Corporation, holds 234,475,104 shares, representing 49.03% of total shares[8] - The second-largest shareholder, Sichuan Zerui Investment Co., Ltd., holds 3,449,257 shares, accounting for 0.72%[8] Restructuring and Approvals - The company is undergoing a major asset restructuring, which includes a share swap to absorb China National Building Material Information Technology Co., Ltd.[10] - The restructuring plan has received preliminary approval from the State-owned Assets Supervision and Administration Commission as of August 7, 2023[10] - The company submitted restructuring application materials to the Shanghai Stock Exchange on August 30, 2023, which were accepted for review[12] - The company received an inquiry letter from the Shanghai Stock Exchange regarding the restructuring on September 13, 2023[12] - The company has requested an extension to respond to the inquiry letter until October 21, 2023[12] - The restructuring will require approval from the Shanghai Stock Exchange and registration consent from the China Securities Regulatory Commission before implementation[12] Research and Development - Research and development expenses year-to-date increased by 153.99% due to the rise in personnel costs and material consumption related to new projects[6] - Research and development expenses for the first three quarters of 2023 were ¥1,912,532.63, a decrease from ¥31,622.64 in the previous year, indicating a reduction of about 93.9%[31] Market Strategy - The company plans to focus on market expansion and new product development in the upcoming quarters to sustain growth momentum[30]