捷捷微电(300623) - 2022 Q3 - 季度财报

Financial Performance - Revenue for Q3 2022 was CNY 445,371,464.56, a decrease of 9.90% year-on-year [6]. - Net profit attributable to shareholders was CNY 81,258,547.09, down 45.60% compared to the same period last year [6]. - Basic earnings per share decreased by 45.00% to CNY 0.11 [6]. - Total operating revenue for the third quarter of 2022 was CNY 1,284,875,361.80, a decrease of 4.56% compared to CNY 1,346,125,023.17 in the same period last year [38]. - Net profit for the third quarter was CNY 288,007,766.04, down 25.73% from CNY 387,831,934.93 in the same period last year [42]. - The net profit attributable to the parent company shareholders was approximately ¥293.5 million, down from ¥388.9 million, representing a decrease of about 24.5% year-over-year [44]. - The total comprehensive income attributable to the parent company was approximately ¥293.5 million, compared to ¥388.9 million in the previous period, indicating a decline of approximately 24.5% [44]. - Basic earnings per share decreased to ¥0.40 from ¥0.53, reflecting a decline of about 24.5% [44]. Cash Flow and Liquidity - The company's cash flow from operating activities showed a significant decline of 66.13% year-on-year, totaling CNY 145,862,536.93 [6]. - Net cash flow from operating activities decreased by 66.14% to ¥145,862,536.93, mainly due to increased prepayments for wafer purchases [20]. - Net cash flow from financing activities decreased by 50.19% to ¥739,459,731.85, primarily due to funds raised from convertible bonds in the previous year [20]. - The company reported a net increase in cash and cash equivalents of ¥435,547,487.51, down 38.37% from the previous year [20]. - The cash and cash equivalents decreased to CNY 502,766,743.88 from CNY 753,264,687.13, a decline of 33.24% [36]. - The cash and cash equivalents at the end of the period were approximately ¥435.5 million, down from ¥706.8 million, a decrease of about 38.3% [50]. - Cash inflow from operating activities totaled approximately ¥1.78 billion, compared to ¥1.45 billion in the previous period, an increase of about 22.5% [48]. - The net cash flow from financing activities was approximately ¥739.5 million, down from ¥1.48 billion, a decrease of about 50% [50]. Assets and Liabilities - Total assets increased by 21.68% to CNY 6,967,913,924.68 compared to the end of the previous year [9]. - Current liabilities totaled CNY 891,798,345.94, up from CNY 630,112,638.63 in the previous year, indicating a 41.52% increase [37]. - Long-term borrowings increased significantly to CNY 901,235,060.88 from CNY 192,791,024.00, marking a 367.73% rise [37]. - Accounts payable increased by 85.76% to ¥426,901,857.54, primarily due to an increase in payable goods and equipment project payments [18]. - Deferred income tax liabilities decreased by 75.29% to ¥482,451.93, primarily due to a reduction in deferred tax liabilities from fair value changes [18]. Research and Development - R&D expenses rose by 56.89% to ¥146,970,249.59, reflecting the company's increased investment in research and development [18]. - Research and development expenses rose significantly to CNY 146,970,249.59, compared to CNY 93,674,967.67 in the previous year, reflecting a 56.83% increase [42]. - The company has filed for a total of 115 invention patents and 21 utility model patents, indicating a strong focus on innovation and technology development [30]. - The company has introduced several new patents, including a high-voltage VDMOS integrated circuit chip and a semiconductor power device structure, enhancing its product offerings [25][29]. Strategic Investments and Acquisitions - The company plans to acquire an additional 40% stake in its subsidiary Jiangsu Jiejie Semiconductor New Materials Co., increasing its ownership from 60% to 100% for a total investment of approximately ¥2.5 million [24]. - The acquisition of minority stakes in subsidiaries is part of the company's strategy to strengthen its overall market position and operational efficiency [24]. - The company aims to enhance its market competitiveness and governance capabilities through strategic acquisitions and investments in technology [24]. Inventory and Receivables - The company's inventory increased by 57.08% to CNY 477,028,174.69, attributed to increased stock of raw materials and finished products [15]. - The company reported a 124.43% increase in receivables financing to CNY 163,545,985.02, indicating a shift in business strategy [15]. Financial Ratios and Returns - The weighted average return on equity decreased to 2.45%, down 3.19% from the previous year [9]. - Financial expenses surged by 3859.87% to ¥24,829,230.21, mainly due to increased interest expenses and foreign exchange losses [18]. - Investment income increased by 328.44% to ¥33,637,307.64, attributed to higher interest income from structured deposits [18]. Patent Portfolio and Innovation - As of the end of September, the company has obtained a total of 172 authorized patents, including 35 invention patents and 136 utility model patents [30]. - The company has achieved significant growth in its patent portfolio, with Jiejie Semiconductor holding 77 patents and Jiejie Shanghai holding 26 patents as of September [30]. - The company has received a total of 39 patent applications, demonstrating its commitment to research and development [30]. - The company is actively pursuing market expansion and technological advancements through its subsidiaries, focusing on semiconductor and electronic device innovations [30].