NCIC(SZ:002246)2020-10-26 16:00Financial Performance - Operating revenue for the reporting period was ¥687,142,809.54, representing an increase of 8.16% year-on-year[7]. - Net profit attributable to shareholders was ¥37,916,267.77, up 8.51% compared to the same period last year[7]. - Total operating revenue for Q3 2020 was CNY 687,142,809.54, an increase from CNY 635,289,946.30 in the previous period[56]. - Net profit for the period reached CNY 35,956,483.52, compared to CNY 34,820,501.40 in the same period last year, reflecting a growth of approximately 3.26%[58]. - The net profit for the current period is CNY 61,068,322.20, a decline of 42.58% from CNY 106,568,657.28 in the previous period[66]. - The company’s net profit for Q3 2020 was CNY 25,074,627.63, a decrease of 46.3% compared to CNY 46,670,619.91 in the same period last year[70]. - The total profit for the current period is CNY 77,767,166.93, down from CNY 120,417,243.31, indicating a decrease of 35.39%[66]. Cash Flow - The net cash flow from operating activities was -¥43,124,046.85, a decrease of 127.49% compared to the previous period[7]. - Net cash flow from operating activities for the first nine months of 2020 was -32,083,422.33 CNY, a decrease of 210 million CNY, mainly due to an increase in accounts receivable for specialized product payments[20]. - The net cash flow from operating activities was negative at CNY -32,083,422.33, a significant decline from CNY 178,493,803.62 in the previous year[75]. - The company reported a total operating cash inflow of CNY 448,303,674.75, compared to CNY 510,915,963.49 in Q3 2019, reflecting a decrease of 12.2%[78]. - The cash outflow from operating activities was CNY 431,732,723.62, down from CNY 505,361,808.11 in the previous year, indicating a reduction of 14.5%[78]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥3,993,178,861.80, an increase of 1.87% compared to the end of the previous year[7]. - Accounts receivable at the end of the reporting period amounted to ¥692,226,248.52, an increase of 117.03% from the beginning of the year[15]. - The company's total liabilities were CNY 1,227,633,440.00, compared to CNY 1,186,763,240.57 at the end of 2019, showing a growth of about 3.5%[50]. - The total liabilities increased to CNY 227,068,379.73 from CNY 199,132,349.88 year-on-year[54]. - The company's total assets amounted to CNY 3,993,178,861.80, an increase from CNY 3,920,053,122.39 at the end of 2019[49]. - Total current liabilities were ¥187,071,095.85, with accounts payable at ¥56,231,478.23[87]. - Total liabilities amounted to ¥199,132,349.88, indicating a manageable debt level[87]. Equity - The total equity attributable to shareholders increased to CNY 2,554,208,354.72 from CNY 2,513,047,531.27, marking an increase of approximately 1.6%[51]. - The company’s total equity decreased slightly to CNY 2,177,569,837.66 from CNY 2,181,848,245.39[54]. - Total equity was reported at ¥2,181,848,245.39, showcasing a solid equity position[88]. Investments and Expenses - Investment income for the first nine months of 2020 was 9,927,058.70 CNY, a decrease of 30.07% year-on-year, mainly due to reduced financial investment returns[18]. - Research and development expenses for the quarter were CNY 20,194,050.13, down from CNY 22,083,465.72 in the same period last year[57]. - Research and development expenses increased to CNY 72,629,608.94, up from CNY 56,557,960.10, representing a growth of 28.48%[65]. - The company recorded investment income of CNY 46,379,153.35, down from CNY 60,221,697.06 in the previous year, indicating a decline in investment performance[70]. Corporate Changes - The company changed its name from "Sichuan North Nitrocellulose Co., Ltd." to "North Chemical Industries Co., Ltd." on June 1, 2020[23]. - The company completed the transfer of 43,922,784 shares (8% of total share capital) to Zhongbing Investment without compensation on June 19, 2020[24]. Other Information - The company has not provided any information regarding its performance or product details during multiple investor communications[42]. - The company has not undergone an audit for the third quarter report, which may affect investor confidence[88]. - The company is implementing new revenue and leasing standards starting in 2020, which may impact future financial reporting[88].