Join-Cheer(002279)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥763,744,913.45, representing a 28.31% increase compared to ¥595,226,432.18 in the same period last year[5]. - The net profit attributable to shareholders was a loss of ¥12,340,685.75, an improvement from a loss of ¥45,180,671.59 in the previous year[5]. - The basic earnings per share for Q3 2023 was -¥0.0143, compared to -¥0.0636 in the same period last year[5]. - Total operating revenue for Q3 2023 reached CNY 1,852,979,949.56, an increase of 3.4% compared to CNY 1,792,592,796.00 in Q3 2022[25]. - Net profit for Q3 2023 was CNY -101,345,115.09, compared to CNY -91,790,224.23 in the same period last year, indicating a decline in profitability[26]. - The total comprehensive income attributable to the parent company for Q3 2023 was -80,017,551.43 CNY, compared to -72,767,048.16 CNY in Q3 2022, reflecting a decline of approximately 9.5%[27]. - Basic and diluted earnings per share for Q3 2023 were both -0.0932 CNY, slightly improved from -0.1048 CNY in Q3 2022[27]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥2,560,951,902.06, a decrease of 7.59% from ¥2,766,240,446.84 at the end of the previous year[5]. - The company's total assets decreased to CNY 2,560,951,902.06 from CNY 2,771,381,266.48, a decline of 7.6%[24]. - Total liabilities decreased to CNY 821,099,572.43 from CNY 941,869,447.24, a reduction of 12.8%[24]. - The equity attributable to shareholders of the parent company was CNY 1,687,326,403.36, down from CNY 1,753,879,658.37, a decrease of 3.8%[24]. Cash Flow - Cash flow from operating activities showed a negative net amount of -¥201,629,359.80 year-to-date[5]. - The cash flow from operating activities showed a significant decline, reflecting challenges in cash generation during the quarter[26]. - The net cash flow from operating activities for Q3 2023 was -201,629,359.80 CNY, worsening from -161,461,465.93 CNY in the same period last year[28]. - Cash inflow from investment activities totaled 775,443,865.07 CNY in Q3 2023, up from 480,200,115.68 CNY in Q3 2022, indicating a significant increase of approximately 61.5%[28]. - The net cash flow from investment activities was -15,420,507.94 CNY for Q3 2023, an improvement from -207,448,021.53 CNY in Q3 2022[28]. - The net cash flow from financing activities was -15,803,643.16 CNY in Q3 2023, compared to -51,214,880.31 CNY in Q3 2022, showing a reduction in cash outflow by approximately 69.1%[28]. - The total cash and cash equivalents at the end of Q3 2023 stood at 512,510,775.44 CNY, an increase from 264,000,270.12 CNY at the end of Q3 2022[28]. Expenses and Investments - Sales expenses increased by 31.36% to ¥72,653,700, primarily due to increased market expansion efforts and higher personnel costs[11]. - Investment income rose by 31.05% to ¥3,060,100, attributed to increased returns from financial products[11]. - The company reported a significant increase in cash received from investment returns, which rose by 329.58% to ¥18,243,000[12]. - Research and development expenses increased to CNY 231,237,905.78, up from CNY 202,811,801.56, representing a growth of 14.0% year-over-year[25]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 130,546[14]. - The largest shareholder, Beijing Jiuqi Technology Investment Co., Ltd., holds 11.24% of shares, totaling 97,301,009 shares[14]. - The company has not reported any participation in margin trading by the top ten shareholders[15]. Legal and Regulatory Matters - The company has initiated an administrative lawsuit to recover a total of 48,146,520.25 yuan in taxes paid due to alleged fraud by a third party[16]. - The company has implemented a change in accounting policy effective January 1, 2023, due to the issuance of new accounting standards by the Ministry of Finance[5]. - The company's subsidiary, Huaxia Diantong, is in the process of publicly issuing shares and applying for listing on the Beijing Stock Exchange, with the application accepted in April 2023[19]. - The company's subsidiary has adjusted the stock issuance base price based on subsequent inquiries or pricing results[19]. Inventory and Receivables - The company experienced a 38.31% increase in contract assets, amounting to ¥32,973,400, due to an increase in project acceptance quality assurance funds[9]. - The company reported an increase in accounts receivable from 490,731,296.04 yuan to 489,755,326.85 yuan, a slight decrease of about 0.2%[22]. - The company’s inventory decreased from 58,516,879.02 yuan to 46,627,651.61 yuan, a decline of approximately 20.2%[22]. - The total current assets decreased from 1,848,058,550.56 yuan to 1,657,277,804.86 yuan, a reduction of about 10.3%[22].