NKF(SH:603707)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months reached CNY 1,827,963,329.80, a growth of 40.14% year-on-year[5] - Net profit attributable to shareholders increased by 34.11% to CNY 448,538,877.54 compared to the same period last year[5] - Basic earnings per share rose by 33.94% to CNY 0.6243[5] - The company's operating revenue for Q3 2019 was CNY 1,827,963,329.80, an increase of 40.14% compared to CNY 1,304,392,361.34 in the same period last year[11] - Total revenue for Q3 2019 reached ¥651,435,591.49, a 43.3% increase from ¥454,572,106.38 in Q3 2018[22] - Net profit for Q3 2019 was ¥159,334,917.16, representing a 48.5% increase compared to ¥107,347,586.63 in Q3 2018[23] - The company's operating revenue for Q3 2019 was CNY 599,946,441.37, a 59.5% increase from CNY 375,900,096.17 in Q3 2018[26] - The net profit for Q3 2019 reached CNY 143,350,075.44, compared to CNY 72,410,256.15 in the same period last year, representing a 97.8% year-over-year growth[27] Assets and Liabilities - Total assets increased by 33.34% to CNY 4,536,796,250.12 compared to the end of the previous year[5] - Total current assets increased to ¥3,920,240,959.17, up from ¥2,838,014,729.92, representing a growth of approximately 38.2% year-over-year[16] - Accounts receivable rose to CNY 393,262,214.51, reflecting a significant increase of 123.39% from CNY 176,045,699.29, primarily due to increased sales[10] - The company's inventory reached CNY 2,801,446,506.11, up 43.55% from CNY 1,951,505,576.93, driven by rising raw material prices and increased procurement[10] - Total liabilities amounted to ¥1,732,796,564.19, compared to ¥981,210,540.11, representing an increase of about 76.5%[18] - Owner's equity rose to ¥2,803,999,685.93 from ¥2,421,112,751.62, reflecting an increase of approximately 15.8%[18] - The total liabilities reached approximately $1.03 billion, with current liabilities accounting for approximately $1.00 billion[40] Cash Flow - Net cash flow from operating activities showed a significant decline, reaching -CNY 642,031,422.77, a decrease of 2,291.39% year-on-year[5] - The net cash flow from operating activities was negative CNY 642,031,422.77, a decline of 2,291.39% compared to negative CNY 26,847,588.96, mainly due to increased procurement costs[13] - Total cash inflow from operating activities was 1,838,549,897.36 RMB, up from 1,551,485,103.33 RMB year-over-year[30] - Cash outflow from operating activities increased to 2,480,581,320.13 RMB, compared to 1,578,332,692.29 RMB in the same period last year[30] - The net cash flow from investing activities was -211,951,974.30 RMB, a decrease from 265,133,061.37 RMB in the previous year[30] - Cash inflow from financing activities totaled 1,463,365,925.96 RMB, significantly higher than 537,938,391.43 RMB in the prior year[33] Shareholder Information - The total number of shareholders at the end of the reporting period was 9,891[8] - The largest shareholder, Xie Juhua, holds 28.25% of the shares, totaling 202,971,019 shares[8] - Jiangsu Coastal Development Group Co., Ltd. holds 21.8% of the shares, totaling 156,652,248 shares[8] Research and Development - Research and development expenses increased to CNY 121,717,723.81, a rise of 43.30% compared to CNY 84,938,344.11, indicating a focus on expanding R&D capabilities[13] - Research and development expenses for Q3 2019 were ¥46,821,529.69, a 37.9% increase from ¥33,974,794.51 in Q3 2018[22] Other Income and Expenses - The company reported non-operating income of CNY 31,468.43 from tax refund[7] - The company received government subsidies, contributing to an increase in other income, which rose to CNY 7,804,144.63, a 112.87% increase from CNY 3,666,125.84[13] - The company's sales expenses for Q3 2019 were CNY 97,771,153.96, a 61.7% increase from CNY 60,444,059.95 in Q3 2018[26] - The financial expenses for Q3 2019 were CNY 8,736,167.18, compared to CNY 4,236,963.52 in Q3 2018, indicating a 106.0% increase[26]