NSC(SH:601990)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 188.44% to CNY 651,925,414.55 for the first nine months[5] - Operating income rose by 83.51% to CNY 1,659,532,705.57 for the first nine months[5] - Basic earnings per share increased by 185.71% to CNY 0.20 per share[6] - The company reported a net profit of CNY 360,901,172.74 for Q3 2019, compared to CNY 67,669,230.86 in Q3 2018, representing a significant increase of approximately 433%[20] - The company reported a net profit attributable to shareholders of CNY 268,070,514.37 for Q3 2019, compared to CNY 39,674,505.40 in Q3 2018[21] - The company reported a significant increase in the net profit margin, with a profit margin of approximately 21.8% for Q3 2019 compared to 7.5% in Q3 2018[20] Assets and Liabilities - Total assets increased by 39.51% to CNY 34,562,939,847.55 compared to the end of the previous year[5] - The company’s total liabilities increased to CNY 23.44 billion from CNY 14.07 billion year-on-year[16] - The total liabilities as of September 30, 2019, amounted to CNY 22,865,907,688.64, up from CNY 13,515,764,168.20 in the previous year[19] - The company's short-term financing payables surged by 549.51% to CNY 3,092,859,227.64 from CNY 476,180,000.00, indicating a significant increase in short-term funding[11] - The company’s total equity as of September 30, 2019, was CNY 10,877,055,421.63, compared to CNY 10,536,655,011.90 in the previous year, showing a modest increase of approximately 3.2%[19] Cash Flow - Net cash flow from operating activities decreased by 57.17% to CNY 113,047,318.89 compared to the same period last year[5] - The company reported a net cash flow from operating activities of CNY 113.05 million, a decrease of 57.17% compared to CNY 263.94 million in the previous year[12] - The net cash inflow from operating activities for the first three quarters of 2019 was CNY 113,047,318.89, compared to CNY 263,943,104.87 in the same period of 2018[25] - The net cash flow from financing activities was CNY 3,016,488,694.89, compared to a net outflow of CNY 158,317,214.12 in the previous year[26] Income and Revenue - Net interest income for the first nine months of 2019 reached CNY 581.75 million, a 101.75% increase compared to CNY 288.36 million in the same period of 2018[12] - Net commission and fee income increased by 87.59% to CNY 777.19 million from CNY 414.30 million year-on-year[12] - Total operating revenue for the first three quarters of 2019 was CNY 1,659,532,705.57, up from CNY 904,325,956.38 in 2018, indicating an increase of about 83%[20] - Total operating income for the first nine months of 2019 was CNY 510,564,069.19, compared to CNY 245,890,506.51 in the same period of 2018, reflecting a growth of approximately 107%[23] Shareholder Information - The total number of shareholders reached 104,630 by the end of the reporting period[8] - The largest shareholder, Nanjing Zijin Investment Group, holds 27.14% of the shares[8] Financial Standards and Adjustments - The company has implemented new financial instrument accounting standards, significantly impacting various financial statement items, including the elimination of available-for-sale financial assets[11] - The company executed new financial instrument standards starting January 1, 2019, impacting the financial reporting format[34] Other Financial Metrics - Other comprehensive income rose significantly by 235.22% to CNY 106.19 million, primarily due to the increase in the fair value of other debt investments[12] - The company’s deferred income tax liabilities increased by 249.83% to CNY 70.19 million, primarily due to the rise in the fair value of financial assets[12] - The company reported a 100% decrease in interest receivables, which were previously CNY 206,885,175.40, due to changes in accounting standards[11]