NBSS(600884)2024-10-30 11:58Financial Performance - Revenue for the third quarter was RMB 4.46 billion, a decrease of 14.84% year-over-year[2] - Net profit attributable to shareholders for the third quarter was RMB 5.64 million, a sharp decline of 97.02% year-over-year[2] - Combined revenue from the anode and polarizer businesses for the first three quarters of 2024 was RMB 13.24 billion, with a net profit of RMB 517 million[5] - Total operating revenue for the first three quarters of 2024 was RMB 13.28 billion, a decrease of 9.7% compared to RMB 14.71 billion in the same period of 2023[21] - Net profit for the first three quarters of 2024 was RMB 52.18 million, a significant decline of 95.9% compared to RMB 1.26 billion in the same period of 2023[22] - Net profit attributable to the parent company's shareholders was RMB 23.21 million, a sharp decrease of 98.1% compared to RMB 1.20 billion in the same period of 2023[23] - Basic earnings per share for the first three quarters of 2024 were RMB 0.011, down 98.3% from RMB 0.665 in the same period of 2023[24] - Total comprehensive income for the first three quarters of 2024 was RMB 84.43 million, a significant decrease of 94.0% compared to RMB 1.40 billion in the same period of 2023[23] - Income tax expenses for the first three quarters of 2024 decreased by 79.9% to RMB 84.63 million compared to RMB 420.54 million in the same period of 2023[22] Business Segments - Anode material business maintained strong sales growth, with significant increases in shipments to key customers like CATL and ATL[5] - Polarizer business achieved steady sales growth, reinforcing its leadership position in the industry[5] - The company's anode material business benefited from the gradual release of production capacity at its integrated bases in Sichuan and Yunnan, enhancing cost advantages[5] - The company faced significant challenges due to intense market competition and price declines in the anode and polarizer industries, impacting profitability[4] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 47.58 billion, a decrease of 1.86% compared to the end of the previous year[4] - Equity attributable to shareholders was RMB 22 billion, a decrease of 2.95% compared to the end of the previous year[4] - Total assets decreased to 47.58 billion yuan from 48.47 billion yuan compared to the end of 2023[18][20] - Current assets decreased to 17.84 billion yuan from 19.13 billion yuan compared to the end of 2023[18] - Inventory increased to 7.14 billion yuan from 5.36 billion yuan compared to the end of 2023[17] - Fixed assets increased to 11.48 billion yuan from 10.92 billion yuan compared to the end of 2023[18] - Long-term loans increased to 8.78 billion yuan from 8.06 billion yuan compared to the end of 2023[19] - Total liabilities decreased to 24.62 billion yuan from 24.88 billion yuan compared to the end of 2023[19] - Shareholders' equity decreased to 22.96 billion yuan from 23.59 billion yuan compared to the end of 2023[20] - Cash and cash equivalents decreased to 3.84 billion yuan from 4.86 billion yuan compared to the end of 2023[17] - Accounts receivable decreased to 4.56 billion yuan from 4.66 billion yuan compared to the end of 2023[17] - Construction in progress increased to 6.31 billion yuan from 5.58 billion yuan compared to the end of 2023[18] Cash Flow - Operating cash flow for the first three quarters of 2024 was RMB 1 billion, compared to a negative RMB 1.5 billion in the same period last year[9] - Cash flow from operating activities for the first three quarters of 2024 was RMB 1.00 billion, a significant improvement from a negative RMB 1.55 billion in the same period of 2023[25] - Cash received from selling goods and providing services for the first three quarters of 2024 was RMB 14.21 billion, an increase of 10.1% compared to RMB 12.90 billion in the same period of 2023[25] - Investment income received in cash for the first three quarters of 2024 was RMB 14.11 million, a significant decrease from RMB 322.44 million in the same period of 2023[26] - Cash received from disposal of fixed assets, intangible assets, and other long-term assets in the first three quarters of 2024 was RMB 5.96 million, down from RMB 9.51 million in 2023[26] - Cash received from disposal of subsidiaries and other business units in the first three quarters of 2024 was RMB 26.26 million, a sharp decline from RMB 139.49 million in 2023[26] - Total cash inflows from investment activities in the first three quarters of 2024 were RMB 2.01 billion, compared to RMB 491.44 million in 2023[26] - Cash outflows for the purchase and construction of fixed assets, intangible assets, and other long-term assets in the first three quarters of 2024 were RMB 2.60 billion, down from RMB 4.88 billion in 2023[26] - Net cash flow from investment activities in the first three quarters of 2024 was negative RMB 942.03 million, an improvement from negative RMB 5.20 billion in 2023[26] - Cash received from borrowings in the first three quarters of 2024 was RMB 8.95 billion, a decrease from RMB 13.09 billion in 2023[26] - Net cash flow from financing activities in the first three quarters of 2024 was negative RMB 1.35 billion, compared to positive RMB 6.74 billion in 2023[26] - The net increase in cash and cash equivalents for the first three quarters of 2024 was negative RMB 1.31 billion, compared to negative RMB 25.69 million in 2023[26] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2024 was RMB 2.72 billion, down from RMB 3.89 billion at the end of 2023[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 155,717[10] - Shan Shan Group Co., Ltd. holds 782,222,036 shares, accounting for 34.71% of the total shares[10] - Ningbo Pengze Trading Co., Ltd. holds 205,264,756 shares, accounting for 9.11% of the total shares[10] - Shan Shan Group Co., Ltd. has pledged 716,992,036 shares, with an additional 287,012,036 shares marked[10] - Shan Shan Holding Co., Ltd. holds 72,212,189 shares, accounting for 3.20% of the total shares[10] - As of the end of the reporting period, Shan Shan Group Co., Ltd. has a cumulative total of 252,997,848 shares under sequential freezing[13] - Shan Shan Holding Co., Ltd. has a cumulative total of 111,249,187 shares under sequential freezing[13] - The company's repurchase account holds 101,219,494 shares, accounting for 4.49% of the total shares[13] - The Agricultural Bank of China - CSI 500 ETF holds 20,312,173 shares, accounting for 0.90% of the total shares[14] - The Industrial and Commercial Bank of China - GF Guozheng New Energy Vehicle Battery ETF holds 4,506,442 shares, accounting for 0.20% of the total shares[14] R&D and Expenses - R&D expenses for the first three quarters of 2024 increased by 14.2% to RMB 789.31 million compared to RMB 691.19 million in the same period of 2023[21]