NCFC(SH:600889)2019-10-25 16:00Financial Performance - Operating revenue for the first nine months fell by 29.96% to CNY 511,269,510.64 year-on-year[6] - Net profit attributable to shareholders was a loss of CNY 24,205,372.29, an improvement from a loss of CNY 84,581,774.40 in the same period last year[6] - The company reported a basic earnings per share of CNY -0.063, compared to CNY -0.231 in the previous year[6] - Total operating revenue for Q3 2019 was ¥106,396,347.86, a decrease of 40 apple from ¥177,128,022.37 in Q3 2018[24] - Net profit attributable to shareholders for the first three quarters of 2019 was ¥511,269,510.64, compared to ¥729,971,980.86 in the same period of 2018, indicating a decline of about 30%[24] - The company achieved a total profit of CNY 4,856,437.91 in Q3 2019, down from CNY 10,912,010.67 in Q3 2018, a decline of approximately 55.6%[29] - The total comprehensive income attributable to the parent company for Q3 2019 was CNY -16,635,055.39, compared to CNY -28,180,766.68 in Q3 2018, showing an improvement of about 41.1%[27] Assets and Liabilities - Total assets decreased by 7.01% to CNY 1,953,700,636.97 compared to the end of the previous year[6] - The total liabilities decreased by 21.01% to ¥453,441,412.19, reflecting a reduction in accounts payable and other liabilities[18] - The company’s non-current assets totaled ¥832,174,576.76, a slight decrease from the previous year[17] - Total assets as of September 30, 2019, amounted to ¥2,102,195,146.33, a slight decrease from ¥2,142,170,314.62 at the end of 2018[22] - The company's total equity was reported at 1,527,202,168.56 RMB, reflecting a stable capital structure[41] Cash Flow - The net cash flow from operating activities was negative at CNY -129,914,617.56, compared to CNY -115,690,292.66 in the previous year[32] - Cash flow from operating activities for the first nine months was CNY 293,066,906.30, down 44.3% from CNY 526,977,620.78 in the same period last year[32] - Cash inflow from investment activities totaled CNY 25,767,132.08, a substantial increase from CNY 7,694,142.69 year-over-year[33] - The ending balance of cash and cash equivalents was CNY 682,267,190.12, compared to CNY 481,775,522.98 at the end of the previous year[33] - The total cash and cash equivalents at the end of the period were 264,899,456.64 RMB, down from 458,489,491.54 RMB at the end of the previous year[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 23,858[10] - The largest shareholder, Nanjing New Industry Investment Group, holds 35.41% of the shares[11] Government Subsidies - The company received government subsidies totaling CNY 14,070,000.00 during the reporting period[8] - The company received government subsidies amounting to ¥17,134,274.50, marking a 2,312.28% increase in non-operating income[12] Inventory and Costs - The operating costs decreased by 31.55% to ¥460,555,795.87, reflecting the reduced sales volume[12] - Inventory levels rose to ¥17,077,153.28 from ¥67,079.56, indicating a significant increase in stock[21] - The company reported a total of CNY 4,503,460.10 in cash paid for dividends and interest, marking the first cash outflow in this category[33] Research and Development - Research and development expenses for Q3 2019 were ¥1,206,815.53, compared to ¥526,649.08 in Q3 2018, marking an increase of about 128.7%[25] - Research and development expenses in Q3 2019 amounted to CNY 1,206,815.53, up from CNY 494,242.55 in Q3 2018, reflecting an increase of about 143.5%[29] Financial Standards and Adjustments - The company has implemented new financial and revenue recognition standards, which may impact future financial reporting[37] - The company executed the new financial instrument standards starting January 1, 2019, affecting the classification of certain financial assets[46] - The company did not make retrospective adjustments to the 2018 financial data in accordance with the new financial instrument standards[47]