捷捷微电(300623) - 2024 Q3 - 季度财报

Financial Performance - Revenue for the third quarter reached RMB 743.49 million, a year-on-year increase of 41.50%[3] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 118.64 million, a year-on-year increase of 155.31%[3] - Revenue increased by 40.63% to 2,006,006,681.84 RMB, driven by sales growth[9] - Net profit surged by 172.35% to 351,055,124.21 RMB, primarily due to increased profits[9] - Total revenue for the period reached 2,006,006,681.84 RMB, a significant increase from 1,426,455,277.47 RMB in the same period last year[24] - Net profit attributable to the parent company's shareholders was 332,626,482.73 RMB, compared to 142,529,237.13 RMB in the previous year[25] - Operating profit surged to 408,696,021.57 RMB, a substantial rise from 135,379,863.73 RMB in the previous year[25] - Comprehensive income for the period totaled 351,055,124.21 RMB, with 332,626,482.73 RMB attributable to the parent company's owners[26] - Basic earnings per share for the period were 0.45 RMB, and diluted earnings per share were 0.43 RMB[26] Assets and Liabilities - Total assets as of the end of the third quarter were RMB 7.80 billion, an increase of 1.04% compared to the end of the previous year[3] - The company's monetary funds increased by 59.02% to RMB 575.75 million, mainly due to increased sales and collections[7] - The company's accounts receivable financing increased by 40.18% to RMB 436.94 million, mainly due to an increase in bank acceptance bills held[7] - The company's prepayments increased by 37.92% to RMB 66.44 million, mainly due to adjustments in capacity deposits under the framework agreement with SMIC[7] - The company's construction in progress decreased by 53.34% to RMB 638.51 million, mainly due to the transfer of fixed assets for the "automotive-grade" power semiconductor packaging and testing project[7] - The company's long-term loans decreased by 30.92% to RMB 520.45 million, mainly due to a reduction in long-term borrowing[8] - The company's deferred tax liabilities decreased by 88.84% to RMB 31,620.27, mainly due to a decrease in deferred tax liabilities recognized from fair value changes[8] - Fixed assets grew to 4,460,453,039.05 RMB, up from 3,798,452,872.62 RMB, indicating expansion in infrastructure[22] - Total liabilities decreased to 3,095,700,622.56 RMB from 3,326,142,686.54 RMB, showing improved financial health[23] - Total assets increased slightly to 7,802,459,515.03 RMB from 7,721,873,336.43 RMB, reflecting steady growth[22] - The company's equity attributable to the parent company's shareholders rose to 4,050,524,675.78 RMB from 3,758,525,074.69 RMB, demonstrating stronger shareholder value[23] Cash Flow - Operating cash flow decreased by 25.35% to 545,076,304.31 RMB, mainly due to VAT refunds received by subsidiaries in the previous year[10] - Investment cash flow turned positive at 53,016,400.76 RMB, a 107.53% increase, as payments for projects and equipment by subsidiaries decreased[10] - Financing cash flow decreased by 1153.16% to -369,215,065.56 RMB, primarily due to reduced loans[10] - Cash received from sales of goods and services amounted to 1,757,941,089.63 RMB[27] - Net cash flow from operating activities was 545,076,304.31 RMB[28] - Cash inflows from investment activities totaled 2,053,754,649.73 RMB, including 1,955,000,000.00 RMB from investment recoveries[28] - Cash outflows for investment activities were 2,000,738,248.97 RMB, with 1,626,000,000 RMB used for investments[28] - Net cash flow from investment activities was 53,016,400.76 RMB[28] - Net cash flow from financing activities was -369,215,065.56 RMB[28] - The net increase in cash and cash equivalents for the period was 227,368,691.88 RMB[28] - The ending balance of cash and cash equivalents was 561,678,862.94 RMB[28] Shareholders and Equity - The top shareholder, Jiangsu Jiejie Investment Co., Ltd., holds 27.92% of the shares[11] - Huang Shanbing, a major individual shareholder, holds 8.43% of the shares[11] - Nantong Zhongchuang Investment Management Co., Ltd. holds 6.33% of the shares[11] - The company's top 10 shareholders include both domestic and foreign entities, with significant holdings in RMB ordinary shares[13] - The company's shareholders, including Jiangsu Jiejie Investment Co., Ltd. and Nantong Zhongchuang Investment Management Co., Ltd., have consistent action relationships[13] - The company's top 10 shareholders include Guotai Junan Securities Co., Ltd. and China Merchants Bank Co., Ltd., with their respective holdings accounting for 0.92% and 0.66% of the total shares[15] - The company's executive Huang Shanbing holds 46,447,068 restricted shares, with an increase of 2,599,068 shares during the period[16] - The company's executive Zhang Zulei holds 15,879,672 restricted shares, with an increase of 1,224,629 shares during the period[16] - The company's executive Shen Xinxin had 17,207,300 restricted shares fully unlocked during the period[16] - The company's executive Wang Chengsen had 25,515,000 restricted shares fully unlocked during the period[16] - The company's other equity incentive restricted shares totaled 1,480,124 shares, all of which were released during the period[17] - The total number of restricted shares at the end of the period is 64,630,659 shares, with an increase of 3,823,697 shares during the period[17] - The total number of restricted shares at the beginning of the period was 105,248,456 shares, with 44,441,494 shares released during the period[17] Intellectual Property and Innovation - The company obtained a patent for a "Separated Gate MOSFET Device and Manufacturing Method for Reducing Switching Loss" with patent number ZL202010317951.7, authorized on July 12, 2024[18] - The company has been granted a total of 266 patents, including 86 invention patents, 179 utility model patents, and 1 design patent[19] - The company's subsidiary, JieJie Semiconductor, has been granted 126 patents, including 41 invention patents and 84 utility model patents[20] - JieJie Shanghai has been granted 28 patents, including 9 invention patents and 19 utility model patents[20] - JieJie Nantong Technology has been granted 25 patents, including 6 invention patents and 19 utility model patents[20] - Jiangsu Yixi Technology has been granted 8 patents, including 4 invention patents[20] - The company has registered a total of 118 trademarks, with JieJie Microelectronics holding 93 of them[20] - Research and development expenses increased to 196,683,715.30 RMB from 183,836,669.22 RMB, reflecting continued investment in innovation[24] Inventory and Receivables - The company's accounts receivable increased to 516,747,483.24 yuan from 478,179,433.79 yuan at the beginning of the quarter[21] - Inventory levels rose to 611,712,881.59 yuan from 484,331,838.39 yuan at the start of the quarter[21] - The company's total current assets amounted to 2,420,193,581.95 yuan, up from 2,229,427,035.57 yuan at the beginning of the period[21] - As of the end of the quarter, the company held 575,754,839.33 yuan in cash and cash equivalents, an increase from 362,064,942.60 yuan at the beginning of the period[21] Operating Costs and Expenses - Total operating costs increased to 1,667,391,713.83 RMB from 1,307,507,425.13 RMB, driven by higher business activity[24] - Other comprehensive income after tax for the parent company's shareholders was -671,871.73 RMB, compared to -86,461.17 RMB, indicating minor fluctuations[23]