NBSS(SH:600884)2019-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 72.71% year-on-year, amounting to RMB 287.74 million[6]. - Basic earnings per share dropped to RMB 0.190, a decrease of 72.71% compared to the previous year[7]. - Operating revenue for the first nine months was RMB 6.51 billion, reflecting a year-on-year increase of 2.08%[6]. - The weighted average return on net assets decreased by 7.269 percentage points to 9.922%[6]. - Net profit attributable to shareholders decreased by 72.71% to ¥287,739,755.32, mainly due to a decline in performance from lithium battery materials business and changes in investment income recognition[16]. - Investment income dropped by 80.55% to ¥176,668,702.90, as the company lost control over a strategic investment last year, affecting income recognition[15]. - Other income decreased by 53.66% to ¥70,021,174.11, primarily due to reduced government subsidies received by subsidiaries[16]. - The net profit for the first three quarters of 2019 reached ¥6,514,573,843.85, an increase of 2.1% from ¥6,381,790,482.59 in the same period of 2018[31]. - The net profit for Q3 2019 was ¥96,875,492.73, compared to ¥655,035,756.01 in Q3 2018, indicating a significant decline of about 85.2%[32]. - The total profit for Q3 2019 was ¥122,880,506.25, down from ¥805,087,022.69 in Q3 2018, reflecting a decrease of approximately 84.7%[32]. Cash Flow and Liquidity - Cash flow from operating activities showed an improvement, with a net cash outflow of RMB 304.91 million, compared to RMB 337.59 million in the same period last year[6]. - The net cash flow from investing activities for the period (January to September) was -946,079,664.46 RMB, a significant increase from -327,698,238.63 RMB in the same period last year, primarily due to increased construction expenditures for lithium-ion battery projects[17]. - The net cash flow from financing activities decreased by 94.18% to 127,208,088.46 RMB compared to 2,184,114,947.55 RMB in the same period last year, mainly due to a net outflow of bank loans increasing by 477 million RMB[18]. - Cash inflow from investment activities totaled 1,369,129,533.79 CNY, compared to 1,117,940,776.68 CNY in the first three quarters of 2018[37]. - Cash inflow from financing activities was 6,392,050,955.34 CNY, down from 7,344,545,340.40 CNY in the same period last year[38]. - The ending cash and cash equivalents balance was 991,839,728.38 CNY, down from 2,618,470,865.77 CNY at the end of the previous year[38]. - The company reported a total cash outflow from operating activities of 5,559,929,577.92 CNY, compared to 6,577,370,809.18 CNY in the same period last year[37]. Assets and Liabilities - Total assets at the end of the reporting period reached RMB 24.18 billion, an increase of 3.11% compared to the end of the previous year[6]. - Cash and cash equivalents decreased by 47.61% to ¥1,372,328,427.66 due to increased construction expenditures for lithium-ion battery projects and repayment of ¥750 million in debt[13]. - Total current assets increased to ¥4,698,105,505.73 from ¥4,017,358,980.75, showing a growth of approximately 16.93% year-over-year[26]. - Current liabilities decreased to ¥7,632,720,347.40 from ¥8,956,202,059.92, a reduction of about 14.77%[25]. - Total liabilities amounted to ¥10,886,492,176.93, slightly down from ¥10,926,549,817.92, indicating a decrease of about 0.37%[25]. - Long-term borrowings increased significantly to ¥2,196,809,988.22 from ¥1,107,359,636.78, representing a growth of approximately 98.5%[25]. Shareholder Information - The top ten shareholders hold a combined 64.15% of the shares, with the largest shareholder, Shanshan Group, owning 32.69%[9]. - The company plans to transfer 100 million unrestricted circulating shares to Shanshan Group, representing 8.91% of the total share capital[11]. - The company’s actual controller transferred 100 million shares, representing 8.91% of the total share capital, to enhance management efficiency and achieve professional development[20]. Investment and Development - The company reported a 64.86% increase in construction in progress to ¥1,874,006,709.25, reflecting ongoing investments in lithium-ion battery projects[13]. - Research and development expenses in Q3 2019 amounted to ¥106,362,824.19, up 45.0% from ¥73,329,346.69 in Q3 2018[31]. - The company acquired 251,361,249 shares of Altura Mining Limited for a total of 25,136,124.90 AUD, and subsequently subscribed for an additional 200 million shares at 0.112 AUD per share, bringing total holdings to 19.41%[21].