NWM(SH:603700)2022-10-25 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥378,222,329.55, a decrease of 13.24% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was ¥23,492,962.73, down 49.87% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥22,517,107.79, a decrease of 48.32% compared to the same period last year[5] - The basic earnings per share for Q3 2022 was ¥0.12, a decline of 47.83% year-on-year[6] - The net profit attributable to shareholders for the year-to-date was ¥64,515,151.49, a decrease of 60.78% compared to the same period last year[5] - The diluted earnings per share for the year-to-date was ¥0.12, reflecting a decline of 60.49% year-on-year[6] - Net profit for Q3 2022 was CNY 63,826,038.02, a decline of 61.0% from CNY 163,942,485.00 in Q3 2021[21] - Earnings per share for Q3 2022 was CNY 0.32, compared to CNY 0.81 in Q3 2021, indicating a significant drop in profitability[22] Assets and Liabilities - The total assets at the end of the reporting period were ¥2,215,646,083.64, a decrease of 0.24% from the end of the previous year[6] - The equity attributable to shareholders at the end of the reporting period was ¥1,477,209,664.58, down 7.46% from the end of the previous year[6] - Total current assets as of September 30, 2022, amount to ¥1,640,534,768.21, a decrease from ¥1,813,260,040.57 in the previous year[16] - Total liabilities as of September 30, 2022, are ¥739,084,666.63, up from ¥624,651,476.97 in the previous year[18] - The company's total assets amounted to CNY 2,215,646,083.64 as of Q3 2022, slightly down from CNY 2,220,987,101.31 in the previous year[21] - The company's retained earnings decreased to CNY 694,198,891.01 from CNY 791,266,030.72 year-over-year, indicating a reduction in accumulated profits[21] - The total equity attributable to shareholders decreased to CNY 1,477,209,664.58 from CNY 1,596,294,758.44 year-over-year, reflecting a decline in shareholder value[21] Cash Flow - The company reported a net cash flow from operating activities of -¥155,386,334.60 for the year-to-date[6] - The net cash flow from operating activities was -155,386,334.60, compared to -121,319,128.59 in the previous year, indicating a decline in operational cash flow[25] - Total cash inflow from operating activities was 1,158,210,732.09, slightly up from 1,154,278,756.64 year-over-year[25] - Cash outflow from operating activities increased to 1,313,597,066.69 from 1,275,597,885.23, reflecting higher operational costs[25] - The net cash flow from investing activities was -143,545,694.96, a significant decrease from 76,271,628.59 in the previous year, indicating reduced investment returns[26] - Cash inflow from investing activities totaled 541,756,705.54, down from 1,048,517,807.83 year-over-year[26] - Cash outflow from investing activities was 685,302,400.50, compared to 972,246,179.24 in the previous year, showing a reduction in investment expenditures[26] - The net cash flow from financing activities was -5,893,690.92, an improvement from -74,065,691.27 in the previous year, suggesting better management of financing[26] - The total cash and cash equivalents at the end of the period were 224,288,603.56, down from 368,533,721.25 year-over-year[26] - The company received 299,090,000.00 in cash from borrowings, significantly higher than 88,000,000.00 in the previous year, indicating increased reliance on debt financing[26] - The company paid out 160,940,583.63 in dividends and interest, compared to 82,502,835.32 in the previous year, reflecting a commitment to shareholder returns despite cash flow challenges[26] Operational Challenges - The company attributed the profit fluctuations to the impact of recurring COVID-19 outbreaks and significant increases in raw material prices, particularly copper and iron[10] - The company has not reported any new product developments or market expansions in the current quarter[15] - The company plans to focus on market expansion and new product development to drive future growth, although specific figures were not disclosed in the report[20] - Total operating revenue for the first three quarters of 2022 was CNY 1,047,932,145.63, a decrease of 10.9% compared to CNY 1,175,996,552.87 in the same period of 2021[20] - Total operating costs for the first three quarters of 2022 were CNY 987,259,031.46, down from CNY 1,009,567,935.19 in 2021, reflecting a cost reduction strategy[20] - Research and development expenses for the first three quarters of 2022 were CNY 48,771,193.72, slightly up from CNY 48,522,315.58 in 2021, showing continued investment in innovation[20] - The company reported a financial expense of CNY -7,172,900.77 in 2022, a significant improvement compared to CNY 755,267.40 in 2021, indicating better management of financial costs[20] Shareholder Information - Total number of common shareholders at the end of the reporting period is 13,076[13] - The largest shareholder, Zhang Shihao, holds 38,173,657 shares, accounting for 18.78% of total shares[13]