NBSS(SH:600884)2020-10-27 16:00Financial Performance - Operating revenue for the first nine months was CNY 5,562,987,139.17, down 14.61% year-on-year [5]. - Net profit attributable to shareholders for the first nine months was CNY 277,599,425.04, a decrease of 3.52% compared to the same period last year [5]. - Basic earnings per share for the reporting period were CNY 0.202, down 21.09% from CNY 0.256 in the previous year [5]. - The company reported a net cash flow from operating activities of CNY 116.86 million, a significant improvement from a negative CNY 304.91 million in the same period last year [19]. - Total revenue for Q3 2020 was approximately ¥2.35 billion, an increase of 13.5% compared to ¥2.07 billion in Q3 2019 [33]. - Net profit for the first three quarters of 2020 was approximately ¥5.56 billion, a decrease of 14.6% compared to ¥6.51 billion in the same period of 2019 [33]. - The company reported a basic earnings per share of ¥0.122 for Q3 2020, up from ¥0.061 in Q3 2019 [35]. - Net profit for Q3 2020 reached ¥6,107,556.56, compared to a net loss of ¥2,268,972.72 in Q3 2019 [36]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 24,762,316,492.89, a decrease of 1.01% compared to the end of the previous year [5]. - The total number of shareholders at the end of the reporting period was 84,985, with the largest shareholder holding 32.69% of the shares [8]. - The total inventory increased by 37.25% to CNY 1.77 billion, driven by increased sales and production capacity expansion in the lithium battery materials segment [1]. - The company’s total liabilities due within one year decreased by 55.39% to CNY 541.03 million, mainly due to early repayment of long-term loans by a subsidiary [12]. - Total liabilities decreased to ¥11,195,954,514.19 from ¥11,395,375,015.32, indicating a reduction of approximately 1.8% [27]. - The company’s total liabilities increased to approximately ¥4.70 billion from ¥4.62 billion year-over-year, reflecting a growth of 1.8% [30]. - Total liabilities reached 10,192,416,434.45 RMB, reflecting a slight increase from the previous year [44]. Cash Flow - The net cash flow from operating activities for the first three quarters of 2020 was ¥116,860,514.05, a significant improvement compared to a net loss of ¥304,906,780.28 in the same period of 2019 [38]. - Total cash inflow from investment activities was ¥1,880,396,882.75, up from ¥1,369,129,533.79 in the previous year [38]. - The net cash flow from financing activities showed a decrease, with a net outflow of ¥612,134,202.26 compared to a net inflow of ¥127,208,088.46 in the same period of 2019 [39]. - Cash inflow from financing activities totaled 2,510,000,000.00 RMB, down from 3,650,000,000.00 RMB in the previous year [42]. - The ending balance of cash and cash equivalents was 585,658,710.63 RMB, an increase from 255,625,427.16 RMB year-over-year [42]. Investments and Other Income - The company recognized a fair value change gain of CNY 197.29 million from investments, primarily due to the price fluctuations of shares held in Ningbo Bank [17]. - The company reported a non-operating income of CNY 81,460,326.27 for the reporting period, compared to CNY 208,741,945.22 in the previous year [7]. - The company’s other comprehensive income decreased by 80.64% to CNY 299.71 million, impacted by the sale of shares in Ningbo Bank and changes in fair value [16]. - The company’s investment income for Q3 2020 was ¥29,923,520.88, an increase from ¥22,180,936.86 in Q3 2019 [36]. Strategic Initiatives - The company plans to continue focusing on market expansion and new product development in the upcoming quarters [6]. - The company is currently progressing with a major asset acquisition and private placement of shares, with related work ongoing as of the report date [21].