NCFC(SH:600889)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥87,236,001.72, a decrease of 15.10% compared to the same period last year[6]. - The net profit attributable to shareholders was a loss of ¥44,874,387.62, with a year-to-date loss of ¥96,793,784.51[6]. - The basic and diluted earnings per share for the quarter were both -¥0.12, reflecting a negative performance[7]. - Total operating revenue for the first three quarters of 2023 was CNY 351,378,015.75, a decrease of 5.3% compared to CNY 372,595,275.60 in the same period of 2022[21]. - Net loss for the first three quarters of 2023 was CNY 107,316,786.50, compared to a net loss of CNY 98,145,721.67 in the same period of 2022, reflecting a deterioration in performance[22]. - The basic and diluted earnings per share for the current period were both CNY -0.26, compared to CNY -0.24 in the previous year, indicating continued losses per share[23]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,711,983,661.42, down 11.00% from the end of the previous year[7]. - Total current assets decreased from 586,674,838.89 RMB at the end of 2022 to 389,021,527.03 RMB as of September 30, 2023, a decline of approximately 33.7%[17]. - The company's total liabilities decreased to CNY 690,849,944.08 from CNY 791,024,669.99 year-over-year, indicating a reduction in financial obligations[19]. - The equity attributable to shareholders of the parent company decreased to CNY 958,971,905.56 from CNY 1,052,667,612.07, showing a decline in shareholder value[19]. Cash Flow - Cash flow from operating activities was negative at -¥53,405,891.25 for the quarter[7]. - In Q3 2023, the cash inflow from operating activities totaled ¥392,665,145.70, an increase from ¥300,238,395.01 in Q3 2022, representing a growth of approximately 30.7%[26]. - The net cash outflow from operating activities was ¥108,573,719.85, worsening from a net outflow of ¥58,773,249.46 in the same quarter last year[26]. - The net cash flow from investing activities was ¥60,618,509.07, a significant improvement compared to a net outflow of ¥36,168,048.85 in Q3 2022[27]. - Cash inflow from financing activities amounted to ¥166,311,301.18, up from ¥111,337,754.32 in the previous year, indicating a growth of approximately 49.4%[27]. - The total cash and cash equivalents at the end of Q3 2023 reached ¥51,679,364.22, up from ¥24,656,366.22 at the end of Q3 2022[27]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 22,311[13]. - The largest shareholder, Nanjing New Industry Investment Group Co., Ltd., holds 129,709,768 shares, accounting for 35.4% of total shares[13]. Operational Changes - The company reported a significant increase in prepayments by 150.66% due to advance payments for raw materials[11]. - Short-term borrowings increased by 240.62%, indicating a rise in working capital loans[11]. - The company experienced a 912.26% increase in advance receipts, reflecting higher prepayments for projects and goods[11]. - The company reported a decrease in government subsidies, leading to a 57.90% drop in other income[11]. - The company reported a significant decrease in accounts receivable from 49,803,208.97 RMB to 14,190,822.03 RMB, a decline of approximately 71.5%[17]. - Research and development expenses for the first three quarters were CNY 9,295,726.45, an increase from CNY 8,167,333.94 in the previous year, indicating a focus on innovation[21]. - The company reported a significant increase in financial expenses, rising to CNY 3,912,875.07 from CNY 1,993,945.39, primarily due to higher interest expenses[21]. Other Information - The company has not disclosed any new product or technology developments in the current report[15]. - There are no significant mergers or acquisitions reported during the quarter[15].