NCFC(SH:600889)2021-10-28 16:00Financial Performance - The company's operating revenue for Q3 2021 was ¥93,182,694.65, a decrease of 14.17% compared to the same period last year[6]. - The net profit attributable to shareholders was ¥3,620,864.36, down 80.94% year-on-year[6]. - The basic earnings per share were ¥0.01, reflecting an 80.94% decrease compared to the previous year[7]. - The company's total revenue for the year-to-date was ¥350,480,746.58, an increase of 42.93% year-on-year[6]. - Total operating revenue for the first three quarters of 2021 reached ¥350,480,746.58, a significant increase from ¥245,208,374.63 in the same period of 2020, representing a growth of approximately 42.8%[20]. - Net profit for the first three quarters of 2021 was ¥124,407,218.27, a turnaround from a net loss of ¥23,038,575.23 in the same period of 2020[21]. - Earnings per share for the first three quarters of 2021 were ¥0.33, compared to a loss of ¥0.061 per share in the same period of 2020[22]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,319,108,357.35, a slight increase of 0.42% from the end of the previous year[7]. - Total current assets as of September 30, 2021, amount to ¥805,823,322.03, a decrease from ¥1,033,198,092.01 in the previous year[17]. - Total assets as of September 30, 2021, are ¥2,319,108,357.35, slightly up from ¥2,309,365,617.27 in the previous year[17]. - Total liabilities decreased to ¥658,946,017.68 in Q3 2021 from ¥767,172,966.14 in Q3 2020, a reduction of approximately 14.2%[19]. - Total equity increased to ¥1,660,162,339.67 in Q3 2021 from ¥1,542,192,651.13 in Q3 2020, representing a growth of about 7.6%[19]. - The total liabilities included short-term borrowings of 29,402,595.30 RMB and accounts payable of 98,495,907.95 RMB[30]. - Total liabilities amounted to 767,172,966.14, with current liabilities at 622,394,381.04[31]. Cash Flow - Cash flow from operating activities showed a negative net amount of -¥46,676,275.99 for the year-to-date[7]. - Cash flow from operating activities for the first three quarters of 2021 was ¥295,505,803.35, compared to ¥191,203,094.10 in 2020, showing an increase of about 54.6%[25]. - The net cash flow from operating activities was -46,676,275.99 RMB, compared to -38,421,618.36 RMB in the previous year, indicating a decline in operational cash generation[26]. - The net cash flow from financing activities was -2,713,505.47 RMB, a decrease from a positive cash flow of 1,073,361.70 RMB in the previous year[27]. - The ending balance of cash and cash equivalents was 101,897,921.47 RMB, down from 159,205,109.20 RMB at the beginning of the period[27]. Research and Development - Research and development expenses surged by 398.65% due to the acquisition of Shanghai Yueke Company[11]. - Research and development expenses increased to ¥14,629,522.45 in the first three quarters of 2021, up from ¥2,933,809.92 in 2020, reflecting a growth of approximately 399.5%[20]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 31,098[14]. - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., holds 129,709,768 shares, accounting for 35.41% of total shares[14]. Inventory and Financial Expenses - The company reported a significant increase in inventory by 102.87%, attributed to the rise in short fiber and PET foam material stock[11]. - Inventory has increased significantly to ¥249,868,353.33 from ¥123,168,536.68 year-over-year[17]. - The company experienced a 827.74% increase in financial expenses due to the acquisition of Shanghai Yueke Company[11]. Other Financial Metrics - The weighted average return on equity decreased to 0.88%, down 0.48 percentage points from the previous year[7]. - The company reported a significant increase in other income to ¥11,100,539.65 in the first three quarters of 2021, down from ¥24,456,722.29 in 2020[20]. - The company holds a capital reserve of 538,467,470.00, reflecting solid financial backing[31]. - Other comprehensive income stood at 9,928,615.62, contributing to overall equity[31].