NHL(600262)2024-10-24 09:08Financial Performance - The company's operating revenue for the third quarter was ¥537,627,515.30, a decrease of 12.80% compared to the same period last year[2]. - The net profit attributable to shareholders was ¥33,454,457.55, down 20.34% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥31,886,131.93, a decrease of 12.17% compared to the previous year[2]. - Total revenue for the first three quarters of 2024 reached ¥1,903,861,664.59, an increase of 8.4% compared to ¥1,756,250,219.94 in the same period of 2023[16]. - Operating profit for the first three quarters of 2024 was ¥159,247,391.43, compared to ¥143,203,225.21 in 2023, indicating an increase of 11.2%[16]. - The company's net profit margin improved, with net profit for the first three quarters of 2024 showing a positive trend compared to the previous year[15]. - The net profit for Q3 2024 was CNY 127,853,591.92, an increase of 14.1% compared to CNY 112,066,457.84 in Q3 2023[17]. - The basic and diluted earnings per share for Q3 2024 were both CNY 0.64, up from CNY 0.55 in Q3 2023, representing a growth of 16.4%[18]. - Total revenue from sales of goods and services for the first nine months of 2024 reached CNY 2,173,366,233.98, an increase of 3.9% from CNY 2,091,316,987.23 in the same period of 2023[18]. - The total comprehensive income for Q3 2024 was CNY 127,714,623.33, an increase from CNY 112,023,636.00 in Q3 2023[17]. Assets and Liabilities - The total assets at the end of the reporting period reached ¥4,264,797,300.16, an increase of 30.87% from the end of the previous year[3]. - Total assets as of September 30, 2024, amounted to ¥4,264,797,300.16, compared to ¥3,258,880,509.07 at the end of 2023, reflecting a growth of 30.8%[14]. - Total liabilities increased to ¥2,585,397,954.12 from ¥1,656,249,513.70, a rise of 56.0%[14]. - The weighted average return on equity was 2.18%, a decrease of 0.97 percentage points compared to the same period last year[3]. Cash Flow and Investments - The cash flow from operating activities for the quarter was ¥61,638,687.18, with a significant increase in cash received from sales[6]. - Cash flow from operating activities for the first nine months of 2024 was CNY 49,590,852.99, a decrease of 80.4% compared to CNY 252,908,519.62 in the same period of 2023[18]. - The company reported a net cash outflow from investing activities of CNY -1,119,459.12 in Q3 2024, compared to a net inflow of CNY 2,097,750.34 in Q3 2023[19]. - Cash and cash equivalents as of September 30, 2024, were ¥551,141,672.26, slightly down from ¥554,470,754.99 at the end of 2023[12]. - Cash and cash equivalents at the end of Q3 2024 were CNY 523,919,332.38, down from CNY 549,969,800.24 at the end of Q3 2023[19]. - The company incurred a total of CNY 207,993,974.59 in cash outflows from financing activities in Q3 2024, compared to CNY 286,191,766.00 in Q3 2023[19]. Shareholder Information - The total equity attributable to shareholders was ¥1,553,835,476.65, an increase of 4.37% from the previous year[3]. - The total number of common shareholders at the end of the reporting period was 16,843[8]. - The largest shareholder, Inner Mongolia North Heavy Industry Group Co., Ltd., holds 46,341,499 shares, accounting for 27.26% of the total shares[8]. - The second-largest shareholder, Tewo (Shanghai) Enterprise Management Consulting Co., Ltd., holds 34,450,000 shares, representing 20.26% of the total shares[8]. - Shareholders with over 5% ownership did not participate in margin trading or securities lending during the reporting period[9]. Inventory and Procurement - The company's inventory increased by 109.17% compared to the previous period, primarily to meet performance requirements[5]. - Inventory surged to ¥1,845,324,724.95, up from ¥882,200,047.66, marking an increase of 109.5%[12]. - The company signed a procurement contract with Walker Mining Co., Ltd. for mining vehicles, with an initial payment of approximately $6.45 million received[10]. - The company delivered all mining vehicle products under the contract by December 2022, which were accepted on-site by Walker Mining Co., Ltd.[10]. - The procurement contract with Huibang Group Co., Ltd. has faced delays, with only one-third of the contracted vehicles procured as of December 31, 2020[10]. - The company has not procured any mining vehicles from Beishan Company during the reporting period[11]. - Future orders under the procurement contracts are subject to the operational needs of the buyers, indicating potential uncertainty[10]. Research and Development - Research and development expenses for the first three quarters of 2024 were ¥78,500,443.80, slightly up from ¥76,448,893.09 in 2023, indicating a focus on innovation[16]. Government Subsidies - The company reported a government subsidy of ¥1,179,977.42 for the current period, which is expected to have a lasting impact on profits[4]. Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[20].