NBJF(SH:603997)2023-10-30 16:00Financial Performance - The net profit attributable to shareholders for the year-to-date period increased due to a rise in business volume and operating revenue[1] - The net cash flow from operating activities for the year-to-date period was RMB 259.51 million, reflecting an increase due to higher business volume and operating revenue[1] - Total operating revenue for the first three quarters of 2023 was RMB 15.94 billion, up from RMB 13.03 billion in the same period of 2022, representing an increase of approximately 22.2%[13] - Total operating costs for the first three quarters of 2023 were RMB 15.76 billion, compared to RMB 13.12 billion in the same period of 2022, indicating an increase of about 20%[13] - The company reported a significant increase in financial expenses, totaling RMB 304.84 million for the first three quarters of 2023, compared to RMB 179.01 million in the same period of 2022[13] - The net profit attributable to shareholders of the listed company was ¥71,733,660.60, showing a decrease of 21.39% compared to the same period last year[25] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥67,431,537.15, down 23.40% year-on-year[25] - The total profit for the period was ¥223,524,258.81, significantly higher than the previous year's ¥31,758,168.37[1] - The company reported a total comprehensive income of ¥185,983,737.23, compared to ¥116,531,340.96 in the previous year[16] Cash Flow and Liquidity - The net cash flow from operating activities was ¥994,532,741.03, compared to ¥276,631,876.97 in the same period last year[18] - The net cash flow from operating activities for Q3 2023 was approximately ¥994.53 million, representing a 259.51% increase compared to the previous period[27] - Cash and cash equivalents at the end of the period were CNY 1,006,178,609.67, down from CNY 886,030,343.67, indicating a decrease in liquidity[47] - The company reported a net cash outflow from financing activities of CNY -559,079,489.05, worsening from CNY -211,887,546.72 in the previous period[47] Assets and Liabilities - Total assets as of September 30, 2023, were approximately ¥16.75 billion, an increase of 8.41% from the end of the previous year[27] - Shareholders' equity attributable to the parent company was approximately ¥3.93 billion, reflecting a 13.62% increase year-over-year[27] - Accounts receivable increased to approximately ¥3.60 billion, up from ¥2.64 billion in the previous year, indicating a significant growth in receivables[34] - Inventory as of September 30, 2023, was approximately ¥1.86 billion, slightly up from ¥1.82 billion at the end of the previous year[34] - Total assets increased to CNY 16,753,056,371.57, up from CNY 15,453,539,744.23, representing a growth of approximately 8.4% year-over-year[37] - Non-current assets totaled CNY 8,928,404,326.83, an increase of 4.1% from CNY 8,577,016,384.31[36] - Current liabilities rose significantly to CNY 8,615,038,401.49, compared to CNY 6,884,377,432.76, marking an increase of about 25.2%[36] - Long-term borrowings decreased to CNY 1,952,792,921.23 from CNY 2,557,036,496.61, a reduction of approximately 23.6%[37] - The company's equity increased to CNY 4,295,117,917.44, up from CNY 3,775,160,001.69, reflecting a growth of about 13.8%[37] Investments and Expenses - Research and development expenses for the first three quarters of 2023 amounted to RMB 326.12 million, up from RMB 290.38 million in the same period of 2022, reflecting a growth of approximately 12.3%[13] - The company recorded an asset impairment loss of ¥19,242,032.47, compared to ¥11,526,456.57 in the previous year[1] - The cash flow from investment activities showed a net outflow of ¥648,615,636.50, compared to a net outflow of ¥534,638,025.40 in the previous year[19] - The company reported a government subsidy of approximately ¥9.58 million during the current period, contributing positively to the financial results[27] Shareholder Information - The top ten shareholders hold a combined 77.04% of the shares, with Ningbo Jihong Holding Group Co., Ltd. being the largest shareholder at 23.38%[2] - The company is in the process of issuing shares to specific investors, pending approval from the China Securities Regulatory Commission, which introduces uncertainty regarding the timeline[33] Strategic Initiatives - The company is focusing on market expansion and new product development as part of its strategic initiatives[7] - The weighted average return on net assets for the year-to-date period improved due to increased business volume and operating revenue[1] - The weighted average return on equity (ROE) was 1.97%, an increase of 0.03 percentage points compared to the previous year[27] - The company received approval from the Shanghai Stock Exchange for a specific stock issuance, pending responses to queries from the regulatory body[7]