SOJO(300444)2023-10-22 16:00Financial Performance - The company's revenue for Q3 2023 reached ¥1,070,782,813.42, representing a 74.57% increase compared to the same period last year[5]. - Net profit attributable to shareholders was ¥44,263,458.61, a significant increase of 275.00% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥57,380,892.70, up 336.02% from the previous year[5]. - Total operating revenue for the third quarter reached ¥2,550,082,739.97, a significant increase from ¥1,461,498,381.13 in the same period last year, representing an increase of approximately 74.5%[21]. - The company reported a net loss of ¥249,876,327.85, an improvement from a loss of ¥354,278,567.86 in the previous year[20]. - Operating profit for Q3 2023 was ¥111,866,419.24, a turnaround from a loss of ¥60,651,425.87 in the same period last year[23]. - Net profit for Q3 2023 reached ¥111,275,856.77, compared to a net loss of ¥92,327,702.72 in Q3 2022, indicating a strong recovery[24]. - The total profit for Q3 2023 was ¥112,277,744.35, compared to a total loss of ¥84,075,425.29 in the same quarter last year[23]. Cash Flow and Assets - Cash flow from operating activities showed a net increase of ¥200,466,613.17, reflecting a 237.83% growth[5]. - As of September 30, 2023, the company's cash and cash equivalents increased to ¥457,849,078.72 from ¥266,089,190.05 at the beginning of the year, representing a growth of approximately 72%[18]. - Cash and cash equivalents at the end of Q3 2023 totaled ¥301,751,926.93, an increase from ¥253,138,687.17 at the end of Q3 2022[26]. - The company experienced a net cash inflow from financing activities of ¥279,890,913.33 in Q3 2023, compared to an inflow of ¥227,967,686.72 in Q3 2022[26]. - Total assets at the end of the reporting period amounted to ¥4,955,209,507.57, a 26.44% increase from the end of the previous year[5]. - Current assets totaled ¥3,032,337,890.25, compared to ¥2,291,270,342.97, marking an increase of around 32.4%[20]. - The company's total assets increased to ¥4,955,209,507.57, up from ¥3,919,124,778.07, indicating a growth of approximately 26.4%[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 43,608, with the largest shareholder holding 19.82% of the shares[12]. - The total number of shares held by the top 10 shareholders amounts to 137,050,808 shares, with a significant portion being subject to lock-up agreements[15]. - The company reported a total of 132,954,632 shares under lock-up agreements as of the end of the reporting period[16]. - The number of shares held by major shareholders, such as Zhao Zhihong, increased to 137,050,808 shares due to the release of lock-up restrictions[15]. - The company is actively managing its shareholder structure, with significant involvement from major shareholders in financing activities[16]. Research and Development - The company's R&D expenses increased by 60.35% year-on-year, indicating a focus on innovation and development[10]. - R&D expenses for Q3 2023 amounted to ¥76,026,768.25, compared to ¥47,412,358.51 in Q3 2022, reflecting a significant increase[23]. Liabilities and Equity - The total liabilities rose to ¥3,364,934,057.20 from ¥2,721,592,518.98, which is an increase of about 23.6%[20]. - The company's total equity attributable to shareholders increased by 31.87% compared to the end of the previous year, reaching ¥1,538,324,963.52[5]. - The company's equity attributable to shareholders increased to ¥1,538,324,963.52, compared to ¥1,166,527,929.75, reflecting a growth of approximately 31.8%[20]. Inventory and Receivables - Accounts receivable rose significantly to ¥1,224,825,591.44, up from ¥879,644,386.76, indicating an increase of about 39%[18]. - The company has a total of ¥174,618,143.27 in other receivables, which increased from ¥97,418,803.88, marking an increase of approximately 79%[18]. - The company’s prepayments also saw an increase, rising to ¥73,025,047.75 from ¥59,383,949.80, which is an increase of about 23%[18]. - Inventory decreased to ¥701,876,574.85 from ¥783,965,571.64, showing a decline of about 10.5%[20]. Financial Expenses - The company reported a significant decrease in financial expenses, which were ¥21,351,437.84 in Q3 2023, down from ¥27,231,192.09 in Q3 2022[23]. Reporting and Auditing - The third quarter report of Beijing Shuangjie Electric Co., Ltd. is unaudited[28]. - The report was released on October 20, 2023[28].