Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! According to CTOnews.com news on October 19, Ningde Times is now releasing its third quarterly report for 2023: net profit in the third quarter is 10.428 billion yuan, up 10.66% from the same period last year; and operating income is 105.431 billion yuan, up 8.28% from the same period last year.

The net profit of Ningde Times in the first three quarters of 2023 was 31.145 billion, an increase of 77.05 percent over the same period last year; total operating income in the first three quarters was 294.68 billion yuan, up 40.1 percent over the same period last year; and basic earnings per share was 7.0958 yuan, an increase of 70.97 percent over the same period last year.

The provision for asset impairment in the first three quarters of Ningde era totaled 3.097 billion yuan, which will reduce the company's return net profit in the first three quarters by 2.63 billion yuan, and correspondingly reduce the owner's equity belonging to shareholders of listed companies by 2.63 billion yuan on September 30, 2023.

In the first three quarters, Ningde era's comprehensive gross profit margin was 21.9%, profitability remained stable, operating cash flow was strong, reaching 52.7 billion yuan, and cash reserves were abundant, with monetary funds reaching 233.8 billion yuan at the end of the period.

In terms of cash flow data, in the first three quarters of this year, the net cash flow generated by the company's operating activities was 52.654 billion yuan, an increase of 102.76% over the same period last year, while the net cash flow generated by investment activities was-19.937 billion yuan, a decrease of 54.34% over the same period last year. The net cash flow generated by fund-raising activities was 14.851 billion yuan, down 77.79% from the same period last year.

In addition, the Ningde era also announced the provision for impairment of assets. According to the announcement, the company's provision for impairment of relevant assets in the first three quarters of 2023 totaled 3.097 billion yuan, which will reduce the company's net profit attributable to shareholders of listed companies by 2.63 billion yuan in the first three quarters of 2023. Accordingly, the owner's equity attributable to shareholders of listed companies will be reduced by 2.63 billion yuan on September 30, 2023. The financial data related to the provision for impairment has not been audited, and the audit results of the accounting firm shall prevail.

CTOnews.com noted that the current R & D expenditure of Ningde era reached 14.876 billion yuan, an increase of 40.65% over the same period last year. Ningde Times said that the company continued to increase R & D investment, R & D projects increased and R & D team expanded, and expenditure increased compared with the previous period.

According to SNE Research data, the global market share of power battery usage in the Ningde era continued to rank first in the world from January to August 2023, with a steady increase in overseas share, of which Europe's share reached 34.9%, an increase of 8.1% over the same period last year. This means that the recognition of Ningde era in the global mainstream car companies continues to improve, overseas fixed-point further breakthrough.

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