BNBMPLC(SZ:000786)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥5,647,626,694.37, representing a 12.85% increase compared to the same period last year[4]. - Net profit attributable to shareholders was ¥860,398,701.13, marking a 21.36% increase year-on-year[4]. - The net profit excluding non-recurring gains and losses was ¥880,040,542.60, up 22.67% from the previous year[4]. - Total operating revenue for the period reached ¥17,049,187,955.16, an increase from ¥15,480,016,173.31 in the previous year, representing a growth of approximately 10.16%[37]. - Operating profit for the period was ¥2,980,245,266.60, compared to ¥2,489,715,615.00 in the same period last year, reflecting an increase of about 19.69%[38]. - Net profit attributable to shareholders of the parent company was ¥2,756,045,190.14, up from ¥2,349,074,749.81, marking a growth of approximately 17.25%[39]. - The company’s total comprehensive income for the period was ¥2,757,374,898.36, compared to ¥2,375,343,964.58 in the previous year, indicating a growth of approximately 16.02%[39]. - Basic earnings per share rose to ¥1.631 from ¥1.390, representing an increase of about 17.31%[39]. Cash Flow and Investments - Cash flow from operating activities for the year-to-date period was ¥1,961,065,001.62, reflecting a 29.44% increase compared to the same period last year[4]. - The company reported a total cash inflow from operating activities of ¥16,336,233,847.23, compared to ¥14,926,856,019.48 in the previous year, indicating an increase of about 9.25%[40]. - The total cash inflow from investment activities reached CNY 14,272,714,373.90, up from CNY 11,327,025,209.24 in the same period last year, representing a growth of 26.1%[41]. - The net cash flow from investment activities was CNY 199,461,533.78, a significant recovery from a negative cash flow of CNY -774,943,484.39 in Q3 2022[41]. - The cash outflow from financing activities totaled CNY 3,243,564,568.37, down from CNY 4,626,651,914.77 in Q3 2022, indicating a decrease of 29.9%[41]. - The net cash flow from financing activities was CNY -2,152,337,039.79, worsening from CNY -808,582,914.22 in the previous year[41]. - The company has invested RMB 39,076.75 million in the construction of building material bases, achieving a progress rate of 98.23%[26]. - The company has invested RMB 414.08 million in the first phase of the R&D center construction, achieving a progress rate of 94.17%[26]. - The company has a total of RMB 212,000.00 million in raised funds, with RMB 641.28 million already utilized as of the report date[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥30,314,537,810.56, reflecting a 4.42% increase from the end of the previous year[4]. - The total assets of the company as of September 30, 2023, amounted to CNY 30,314,537,810.56, up from CNY 29,030,768,804.70 at the beginning of the year[35]. - The total liabilities decreased to ¥7,243,397,133.06 from ¥7,470,893,664.34, a reduction of about 3.04%[36]. - The total non-current liabilities increased to ¥2,266,574,170.30 from ¥1,922,529,471.21, reflecting an increase of about 17.93%[36]. - Accounts receivable increased by ¥2,522,718,592.08, a growth of 123.04%, primarily due to the implementation of annual credit sales policies[7]. - The company's inventory decreased to CNY 2,519,210,145.34 from CNY 2,739,870,545.87, suggesting improved inventory management[35]. Legal and Settlement Costs - Taishan Gypsum paid $2,758,356.52 in damages related to the Germano case, along with interest calculated from May 2010[16]. - Taishan Gypsum reached a settlement in the Dragas case, paying $4 million to resolve the claims[16]. - North New Building Materials paid $500,000 to settle the Lennar case, while Taishan Gypsum paid $6 million for the same[17]. - Taishan agreed to pay $1,380,000 to settle the Meritage case, which concluded with the withdrawal of all claims[18]. - Taishan will pay a maximum settlement amount of $27,713,848.47 in the Amorin case, which has been reflected as a liability in the 2018 financial statements[20]. - The total settlement payments for the Amorin case amounted to $40,772,044.71, with payments made in multiple installments[20]. - Taishan reached a settlement agreement in the Allen case, agreeing to pay $1,978,528.40 within 60 days of the agreement[19]. - Taishan Gypsum has incurred a total of RMB 2,497,298,670.21 in legal fees and settlement costs related to the US gypsum board litigation as of September 30, 2023[23]. - North New Building Materials has accumulated legal fees and settlement costs totaling RMB 245,584,134.96 related to the same litigation, bringing the combined total for both companies to RMB 2,742,882,805.17[23]. - The legal fees and related expenses incurred by North New Building Materials and Taishan Gypsum from January to September 2023 accounted for 0.10% of the net profit attributable to the parent company during the same period[23]. Research and Development - Research and development expenses amounted to ¥678,750,275.76, slightly up from ¥660,834,257.47, showing a year-on-year increase of approximately 2.27%[38]. - The company has identified the Future Science City R&D Center as a key project, aiming to develop energy-efficient and environmentally friendly building materials[30].