Gian(300709)2023-10-26 16:00Financial Performance - The company's revenue for Q3 2023 was ¥843,138,951.39, a decrease of 12.91% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥153,195,142.26, an increase of 25.10% year-on-year[5]. - The net profit excluding non-recurring gains and losses was ¥156,609,541.93, up 32.33% from the previous year[5]. - Basic earnings per share were ¥0.82, reflecting a growth of 24.24% compared to the same period last year[5]. - Net profit for the third quarter was ¥110,752,355.17, a decline of 22.5% from ¥142,829,027.64 in the previous year[33]. - Earnings per share (EPS) for the quarter was ¥0.63, compared to ¥0.81 in the same quarter last year, reflecting a 22.2% decrease[34]. - The company reported a comprehensive income total of ¥108,867,870.31, down from ¥135,353,183.82, a decrease of 19.5%[34]. Cash Flow - Cash flow from operating activities reached ¥187,119,063.08, representing a significant increase of 128.18%[5]. - The net cash flow from operating activities increased by 128.18% to ¥187,119,063.08, primarily due to a reduction in cash paid for goods and services[14]. - Cash flow from operating activities was ¥1,770,486,224.06, down 12.9% from ¥2,032,595,411.25 year-over-year[35]. - The cash received from sales of goods and services was ¥1,697,146,024.29, a decline of 11.5% compared to ¥1,917,725,513.30 in the previous year[35]. - The total cash outflow from operating activities was ¥1,583,367,160.98, compared to ¥1,950,588,765.89 in Q3 2022[36]. Assets and Liabilities - Total assets at the end of the reporting period were ¥3,268,390,709.08, a decrease of 7.10% from the end of the previous year[5]. - The company's inventory decreased significantly from CNY 416 million to CNY 335.62 million, a decline of approximately 19.4%[29]. - Total current liabilities decreased from CNY 1.477 billion to CNY 1.141 billion, a reduction of about 22.7%[29]. - Total liabilities decreased to ¥1,264,642,126.86 from ¥1,626,975,124.39, a reduction of 22.2%[33]. - Total equity attributable to shareholders increased to ¥2,028,084,600.16 from ¥1,910,446,152.16, reflecting a growth of 6.2%[33]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 24,361, with no preferred shareholders having restored voting rights[16]. - The largest shareholder, Wang Mingxi, holds 19.43% of the shares, amounting to 36,161,200 shares[16]. - Huang Yichao, the second-largest shareholder, holds 4.90% of the shares, totaling 9,110,724 shares[16]. - The company has a total of 27,120,900 shares locked up for Wang Mingxi, with a transfer limit of 25% of total shares held per year[19]. - The company repurchased and canceled 91,466 restricted shares, reflecting its commitment to managing equity incentives effectively[25]. Operational Changes - The company reported a 40.07% reduction in selling expenses, totaling ¥22,185,383.28, mainly due to decreased marketing costs[12]. - Asset impairment losses increased by 78.06% to ¥48,199,427.92, primarily due to higher provisions for inventory write-downs[13]. - The company has not reported any new product developments or market expansions in this quarter[20]. - The company completed the capital increase of its wholly-owned subsidiary, Jiangsu Jingyan Power System Co., Ltd., raising registered capital from CNY 30 million to CNY 36.585362 million, with new investors contributing CNY 6.585362 million in cash[22]. - The company has completed the business registration changes for Jiangsu Jingyan Power System Co., Ltd., following the capital increase[24]. Legal Matters - The company is currently involved in a lawsuit regarding performance commitment compensation, with the first-instance judgment still under appeal, creating uncertainty regarding future profits[26]. Research and Development - Research and development expenses were ¥140,081,731.50, slightly up from ¥139,080,983.28, indicating a focus on innovation[32]. Financial Reporting - The company did not undergo an audit for the Q3 report[37]. - The report was released on October 26, 2023, indicating the company's commitment to timely financial disclosures[37].