20, Ningde Times (300750. SZ) released three quarterly reports. Data show that the company achieved operating income of 283.072 billion yuan in the first three quarters, an increase of 9.28% over the same period last year; the net profit of shareholders belonging to the parent company reached 49.034 billion yuan, an increase of 36.2% over the same period last year. The single-quarter operating income
of Ningde Times in the third quarter was RMB104.186 billion, representing a year-on-year increase of 12.9%; the net profit attributable to parent company was RMB18.549 billion, representing a year-on-year increase of 41.21%. In terms
of non-recurring gains and losses, the company totaled 5.415 billion yuan from the beginning of the year to the end of the reporting period, mainly including investment income from changes in equity investment and changes in fair value of financial assets. Investment income was 5.237 billion yuan, an increase of 67.46% over the same period last year, mainly due to the increase in profits of some shareholding companies. Impairment losses on assets amounted to RMB-4.078 billion, representing a decrease of 38.69% as compared with the corresponding period of last year, which was mainly due to the significant provision for impairment of assets related to mineral resources in the corresponding period of last year, and there was no such impact in the current period.
Trading financial assets increased by 202.9% to 43.261 billion yuan compared with the end of last year, mainly due to the increase in the amount of wealth management products purchased in the current period, which echoes the company's previous measures to increase the amount of entrusted wealth management. In July 2025, the company announced that it would increase the annual entrusted financing quota to no more than 80 billion yuan to improve the efficiency of the use of funds. In terms of
cash flow, the net cash flow generated by the company's operating activities in the first three quarters was 80.66 billion yuan, an increase of 19.6% over the same period last year, far exceeding the net profit. The cash outflow from investing activities was relatively large, which was mainly used for capacity expansion and equity investment, with a net outflow of 57.291 billion yuan. The net cash flow from financing activities was 4.277 billion yuan, which turned from negative to positive year on year, mainly due to the receipt of funds raised by H-share IPO. The successful completion of H-share IPO brought about a substantial increase of 33.92% in capital reserve.
At the same time, the inventory scale increased by 34.05% to 80.212 billion yuan with business development, which the company said was due to business growth. Construction projects under construction amounted to 37.366 billion yuan, indicating that the company continued to promote capacity construction. Contract liabilities amounted to 40.678 billion yuan, an increase of 46.14% over the same period last year, indicating that downstream orders are sufficient and customers'willingness to pay in advance has increased. At the end of the third quarter, the balance of monetary funds was 324 billion 242 million yuan.
In the first three quarters, Ningde Times spent 15.068 billion yuan on R & D, an increase of 15.26% over the same period last year.
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