NBSS(SH:600884)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 5,241,502,782.29, representing a year-on-year increase of 3.41%[3] - The net profit attributable to shareholders for Q3 2023 was CNY 189,089,857.07, a decrease of 65.48% compared to the same period last year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 74,848,367.73, down 86.20% year-on-year[3] - The basic earnings per share for Q3 2023 was CNY 0.123, a decline of 49.63% compared to the previous year[3] - Total revenue for the first three quarters of 2023 was CNY 14,709,278,706.11, a decrease of 7.14% compared to CNY 15,840,567,383.04 in the same period of 2022[18] - Operating profit for the first three quarters of 2023 was CNY 1,698,983,362.29, down 38.5% from CNY 2,763,066,979.81 in 2022[18] - The company reported a net profit of CNY 1,682,166,806.65 for the first three quarters of 2023, down from CNY 2,765,401,903.29 in 2022[18] - The net profit for the first three quarters of 2023 is approximately ¥1.26 billion, a decrease of 45.3% compared to ¥2.31 billion in the same period of 2022[19] - The total comprehensive income for the first three quarters of 2023 is approximately ¥1.40 billion, down 37.0% from ¥2.22 billion in the same period of 2022[19] - The basic and diluted earnings per share for the first three quarters of 2023 are both ¥0.665, compared to ¥1.019 in the same period of 2022, reflecting a decline of 34.6%[19] Assets and Liabilities - The total assets at the end of the reporting period were CNY 49,205,441,741.07, an increase of 9.53% from the end of the previous year[4] - The total assets as of September 30, 2023, amounted to CNY 49,205,441,741.07, an increase of 9.5% from CNY 44,925,491,219.31 at the end of 2022[17] - Non-current liabilities totaled CNY 11,540,414,529.42, up 46.4% from CNY 7,895,933,935.73 at the end of 2022[17] - Long-term borrowings increased to CNY 7,821,720,333.94, compared to CNY 4,176,085,647.01 at the end of 2022, reflecting a growth of 87.5%[17] - The total liabilities as of September 30, 2023, were CNY 24,990,940,626.64, an increase of 20.9% from CNY 20,795,376,675.41 at the end of 2022[17] - The company's total equity as of September 30, 2023, was CNY 24,214,501,114.43, a slight increase from CNY 24,130,114,543.90 at the end of 2022[17] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -1,549,639,017.39, a decrease of 186.40% year-on-year[8] - Cash flow from operating activities for the first three quarters of 2023 shows a net outflow of approximately ¥1.55 billion, contrasting with a net inflow of ¥1.79 billion in the same period of 2022[20] - Cash inflow from financing activities in the first three quarters of 2023 is approximately ¥14.38 billion, an increase of 9.0% from ¥13.20 billion in the same period of 2022[22] - The cash outflow from investing activities for the first three quarters of 2023 is approximately ¥5.69 billion, slightly up from ¥5.64 billion in the same period of 2022[21] - The company received cash from investment income amounting to approximately ¥322.44 million in the first three quarters of 2023, compared to ¥87.01 million in the same period of 2022[20] - The cash and cash equivalents at the end of the third quarter of 2023 are approximately ¥3.89 billion, down from ¥7.76 billion at the end of the same period in 2022[22] Shareholder Information - The total equity attributable to shareholders at the end of the reporting period was CNY 23,231,467,860.56, a slight increase of 0.77% from the previous year[4] - The company had a total of 182,851 common shareholders at the end of the reporting period[9] - The company’s GDRs outstanding amounted to 1,223,312 as of the reporting date[11] - The company’s major shareholder, Shanshan Group, holds 782,222,036 shares, with 566,043,870 shares pledged[12] Operational Developments - The company recognized a non-recurring gain of CNY 213,008,144.64 from the disposal of non-current assets during the reporting period[5] - The company reported government subsidies amounting to CNY 487,143,564.95, which are closely related to its normal business operations[5] - The company completed the early transfer of a 15% stake in its subsidiary, achieving 100% ownership of Suzhou Sijinjing Optoelectronics Co., Ltd. as of October 13, 2023[13] - The company signed a framework agreement with LG Chem for the acquisition of SP business and related assets in China, South Korea, and Vietnam, with the transaction progressing as planned[13] Inventory and Receivables - As of September 30, 2023, the company's cash and cash equivalents amounted to approximately RMB 4.63 billion, a decrease from RMB 4.74 billion at the end of 2022, reflecting a decline of about 2.3%[15] - Accounts receivable increased to approximately RMB 5.13 billion, up from RMB 4.69 billion in December 2022, representing a growth of about 9.3%[15] - Inventory levels rose to approximately RMB 5.61 billion, compared to RMB 5.03 billion at the end of 2022, indicating an increase of around 11.5%[15] - The total current assets reached approximately RMB 19.67 billion, an increase from RMB 18.94 billion at the end of 2022, reflecting a growth of about 3.8%[15] - The company’s other receivables increased to approximately RMB 904 million, up from RMB 497 million at the end of 2022, marking an increase of about 81.8%[15] Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 691,186,518.45, a slight decrease from CNY 715,657,889.38 in the same period of 2022[18] Stock and Incentives - The company has adjusted the exercise price of stock options and repurchased some restricted stocks as part of its incentive plan[12]