NWF(SH:600975)2023-10-27 16:00Financial Performance - The company reported a net loss of CNY 486,417,754.03 for the current period, compared to a loss of CNY 127,738,286.39 in the previous period[15]. - Net profit attributable to shareholders for Q3 2023 was a loss of CNY 135,160,548.78, representing a decline of 250.88% year-on-year[25]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 133,598,199.17, a decrease of 997.50% compared to the same period last year[25]. - The net profit for the third quarter of 2023 was -790,576,285.75 RMB, compared to -127,824,400.55 RMB in the same period of 2022, indicating a significant increase in losses[50]. - The total operating profit for the third quarter was -770,664,122.56 RMB, compared to -117,689,010.85 RMB in the previous year, reflecting a worsening operational performance[50]. - Net profit for the first three quarters of 2023 was a loss of ¥486,417,754.03, compared to a loss of ¥127,738,286.39 in the same period of 2022, indicating a significant increase in losses[69]. Revenue and Costs - Operating revenue for Q3 2023 was CNY 1,359,114,531.70, a decrease of 21.88% compared to the same period last year[25]. - Total operating revenue for the first three quarters of 2023 reached CNY 3,874,066,662.00, an increase from CNY 3,233,247,048.93 in the same period of 2022, representing a growth of approximately 19.9%[47]. - Total operating costs for the first three quarters of 2023 were CNY 4,533,646,263.24, compared to CNY 3,448,310,402.15 in 2022, indicating an increase of about 31.5%[47]. - The company reported a total revenue from sales and services of 4,043,865,783.04 RMB for the first three quarters of 2023, up from 3,326,049,039.21 RMB in 2022[53]. Assets and Liabilities - The total assets increased to CNY 8,917,156,794.61, up from CNY 6,860,987,184.62, representing a growth of approximately 29.8% year-over-year[14]. - The total liabilities increased to CNY 12,155,562,244.30 from CNY 10,103,903,226.03, reflecting a rise of approximately 20.3%[9]. - Total assets at the end of Q3 2023 amounted to CNY 12,155,562,244.30, an increase of 20.31% from the end of the previous year[27]. - Total liabilities increased to CNY 8,527,161,688.55 from CNY 7,185,006,723.71, indicating a growth of approximately 18.7%[45]. - The total assets of the company as of September 30, 2023, were CNY 12,155,562,244.30, up from CNY 10,103,903,226.03 at the end of 2022, representing an increase of about 20.3%[42]. Equity and Investments - The company's total equity reached CNY 3,628,400,555.75, compared to CNY 2,918,896,502.32 in the previous year, marking an increase of about 24.3%[9]. - Shareholders' equity attributable to shareholders at the end of Q3 2023 was CNY 3,446,232,920.33, up 27.93% year-on-year[27]. - The company's long-term investments rose to CNY 3,082,404,166.56 from CNY 2,076,552,848.31, an increase of approximately 48.4%[14]. - Total equity increased to ¥4,319,312,735.35 in 2023 from ¥3,290,841,872.35 in 2022, reflecting a growth of 31.2%[66]. Cash Flow - The net cash flow from financing activities was CNY 1,780,369,183.04, significantly higher than CNY 108,301,172.10 from the previous period[10]. - The company's total cash inflow from financing activities was CNY 4,102,508,790.50, compared to CNY 1,413,814,286.35 in the previous period, indicating a substantial increase of approximately 189.5%[10]. - Cash flow from operating activities for the year-to-date was -CNY 528,466,818.69[27]. - Cash flow from operating activities for the first three quarters of 2023 was -528,466,818.69 RMB, compared to -88,439,568.96 RMB in the same period of 2022, showing a decline in cash generation[55]. - The cash inflow from operating activities totaled 4,109,312,582.30 RMB, while cash outflow was 4,637,779,400.99 RMB, resulting in a net cash outflow[55]. Inventory and Receivables - Accounts receivable decreased to CNY 40,859,640.18 from CNY 54,841,707.03 year-over-year, showing a decline of about 25.5%[40]. - Inventory increased to CNY 2,082,714,829.83 from CNY 1,550,703,587.82, marking a rise of approximately 34.3%[42]. - The inventory level increased to 1,137,402,559.94 RMB as of September 30, 2023, compared to 805,337,345.46 RMB at the end of 2022, indicating a rise in stock levels[64]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 24,126,554.22, compared to CNY 16,912,401.24 in 2022, an increase of approximately 42.5%[47]. - Research and development expenses rose to ¥16,816,053.10 in 2023, up from ¥12,688,018.88 in 2022, marking a 32.5% increase[67]. Financial Ratios - Basic earnings per share for Q3 2023 was -CNY 0.09, a decrease of 175.00% compared to the same period last year[27]. - Diluted earnings per share for Q3 2023 was also -CNY 0.09, reflecting a decline of 175.00% year-on-year[27]. - The company reported a basic and diluted earnings per share of -0.66 RMB for the third quarter of 2023, compared to -0.16 RMB in the same quarter of 2022[52].