JSAC(600389)2023-10-23 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥929,970,543.65, a decrease of 50.24% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2023 was ¥62,811,150.60, down 86.80% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2023 was ¥57,322,225.16, a decline of 88.53% compared to the previous year[5] - The basic earnings per share for Q3 2023 was ¥0.1441, down 86.96% year-on-year[6] - The diluted earnings per share for Q3 2023 was also ¥0.1441, a decrease of 86.60% compared to the same period last year[6] - The weighted average return on equity for Q3 2023 was 1.7710%, a decrease of 10.8377 percentage points from the previous year[6] - The net profit for Q3 2023 was CNY 256,644,817.91, a significant decrease from CNY 1,688,808,582.39 in Q3 2022, reflecting a decline of approximately 84.8%[20] - The operating profit for Q3 2023 was CNY 316,932,664.12, down from CNY 2,025,882,058.11 in the same period last year, indicating a decrease of about 84.4%[20] - The total comprehensive income for Q3 2023 was CNY 257,341,035.31, down from CNY 1,686,307,681.59 in Q3 2022, representing a decline of approximately 84.7%[21] - Basic earnings per share for Q3 2023 were CNY 0.5864, compared to CNY 3.9216 in Q3 2022, reflecting a decrease of about 85.1%[22] Cash Flow and Liquidity - The cash flow from operating activities for Q3 2023 was ¥157,009,520.50, representing a decrease of 49.84%[6] - Cash flow from operating activities for the first nine months of 2023 was CNY 477,385,833.84, down from CNY 1,386,220,736.93 in the same period last year, indicating a decline of approximately 65.5%[22] - Cash and cash equivalents as of September 30, 2023, amounted to CNY 2,441,114,746.59, an increase of 17.7% from CNY 2,073,136,969.57 at the end of 2022[15] - Cash and cash equivalents at the end of Q3 2023 totaled CNY 2,264,376,772.68, an increase from CNY 1,206,693,104.50 at the end of Q3 2022[23] - The net cash flow from financing activities for Q3 2023 was CNY 140,185,942.40, compared to a negative CNY 725,282,622.15 in Q3 2022, showing a significant improvement[23] - The company experienced a net cash outflow from investing activities of CNY 274,860,194.60 in Q3 2023, compared to a net outflow of CNY 552,423,060.91 in Q3 2022, indicating a reduction in cash outflow[23] Assets and Liabilities - Total assets at the end of Q3 2023 were ¥6,439,233,078.90, a decrease of 1.13% from the end of the previous year[6] - Total assets as of September 30, 2023, were CNY 6,439,233,078.90, a slight decrease of 1.1% from CNY 6,513,098,085.61 at the end of 2022[17] - Total liabilities decreased to CNY 2,732,870,198.93 from CNY 3,200,728,965.79, a reduction of 14.6%[17] - The total liabilities rose from ¥3,200,728,965.79 to ¥3,201,786,434.82, an increase of ¥1,057,469.03[28] - The total equity attributable to shareholders increased to CNY 3,598,160,567.88 from CNY 3,309,586,728.58, reflecting an increase of 8.7%[17] - The total equity attributable to shareholders increased from ¥3,309,586,728.58 to ¥3,309,656,197.04, a rise of ¥69,468.46[28] Operational Metrics - The company reported a significant decline in gross profit due to decreased product sales prices and reduced sales volume[9] - Total operating revenue for the first three quarters of 2023 was CNY 3,602,503,769.30, a decrease of 49.3% compared to CNY 7,099,510,918.33 in the same period of 2022[19] - Total operating costs for the first three quarters of 2023 were CNY 3,361,682,664.39, down 33.3% from CNY 5,042,677,575.04 in the previous year[19] - The company reported a decrease in sales revenue from CNY 6,437,551,727.79 in the first nine months of 2022 to CNY 3,931,540,313.50 in the same period of 2023, a decline of approximately 38.9%[22] Research and Development - Research and development expenses for Q3 2023 were CNY 98,615,696.73, a decrease of 56.0% compared to CNY 224,647,587.54 in Q3 2022[20] Inventory and Receivables - Accounts receivable decreased to CNY 243,599,740.84 from CNY 918,954,609.92, reflecting a reduction of 73.5%[15] - Inventory as of September 30, 2023, was CNY 871,959,924.91, down 13.8% from CNY 1,011,403,151.78 at the end of 2022[15]