JTGROUP(SH:601609)2024-10-28 07:43Financial Performance - The company's operating revenue for Q3 2024 reached ¥33,972,338,711.80, representing a year-on-year increase of 17.91%[2] - The net profit attributable to shareholders for Q3 2024 was ¥165,051,369.32, an increase of 86.36% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥9,605,992.04, a decrease of 89.48% year-on-year[3] - The basic earnings per share for Q3 2024 was ¥0.12, a 100% increase compared to the previous quarter[3] - The diluted earnings per share for Q3 2024 was ¥0.10, reflecting a 66.67% increase from the previous quarter[3] - Total operating revenue for the first three quarters of 2024 reached CNY 91.84 billion, a 11.5% increase from CNY 82.17 billion in the same period of 2023[23] - Net profit for the first three quarters of 2024 was CNY 288.35 million, a decrease of 27% compared to CNY 395.95 million in the same period of 2023[24] - The company reported a total profit of CNY 346.45 million for Q3 2024, down from CNY 456.54 million in Q3 2023[24] Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥26,809,988,345.63, a year-on-year increase of 22.81%[3] - The company's total assets amounted to ¥26,809,988,345.63 as of September 30, 2024, compared to ¥21,831,328,378.61 at the end of 2023, marking an increase of around 22.7%[22] - Total liabilities increased to ¥18,307,298,520.61 as of September 30, 2024, from ¥13,347,213,442.62 at the end of 2023, representing a rise of approximately 37%[21] - The total liabilities increased to ¥8.47 billion in 2024 from ¥6.79 billion in 2023, reflecting a growth of 24.83%[32] - The total cash outflow from financing activities amounted to 7,941,038,880.45, down from 8,678,213,619.40 year-over-year[36] Cash Flow - The net cash flow from operating activities for the year-to-date was reported as negative at -¥323,578,069.19[3] - The net cash flow from operating activities was -323,578,069.19 RMB, an improvement from -3,828,458,356.77 RMB in the previous year, indicating a significant reduction in cash outflow[27] - Cash flow from operating activities for the first three quarters of 2024 was CNY 100.94 billion, an increase of 12.5% from CNY 89.37 billion in the same period of 2023[26] - The company's cash flow from operating activities for the first three quarters of 2024 was ¥23.45 billion, compared to ¥20.52 billion in 2023, indicating a growth of 14.16%[35] Shareholder Information - The total number of common shareholders at the end of the reporting period is 47,764, with the top ten shareholders holding a combined 81.18% of the shares[8] - Ningbo Jintian Investment Holding Co., Ltd. is the largest shareholder, holding 416,552,000 shares, which is 28.17% of the total shares[8] - The company has repurchased 52,476,109 shares, accounting for 3.55% of the total share capital[9] - The company has not identified any other related party relationships among shareholders beyond those disclosed[10] Research and Development - Research and development expenses for the first three quarters of 2024 amounted to CNY 447.74 million, up 16.3% from CNY 384.85 million in 2023[23] - Research and development expenses for the first three quarters of 2024 were ¥164.47 million, up from ¥156.70 million in 2023, showing an increase of 4.99%[33] Financial Expenses - Financial expenses surged to CNY 600.51 million, a significant increase from CNY 251.11 million in the previous year[23] - The financial expenses for the first three quarters of 2024 were ¥325.42 million, a significant rise from ¥55.46 million in 2023, reflecting an increase of 485.66%[33] Inventory and Current Assets - The company reported a significant increase in inventory, which stood at ¥5,388,171,724.98 as of September 30, 2024, compared to ¥5,160,568,419.33 at the end of 2023, reflecting a growth of approximately 4.4%[19] - Total current assets reached ¥19,903,019,572.94, a substantial increase from ¥15,077,023,994.68 at the end of 2023, reflecting a growth of approximately 32.5%[20] - The company reported a total current asset of 7,136,604,470.59 RMB, an increase from 5,676,702,073.40 RMB, representing a growth of about 25.7%[29] Cash and Cash Equivalents - The company's cash and cash equivalents increased significantly to ¥1,873,962,711.46 as of September 30, 2024, compared to ¥388,315,209.06 at the end of 2023, representing a growth of approximately 382%[19] - Cash and cash equivalents at the end of the period increased to 1,633,164,053.98 RMB, compared to 687,601,401.15 RMB at the end of the previous year, reflecting a net increase of 1,375,605,086.79 RMB[28] - The ending balance of cash and cash equivalents reached 230,467,198.32, an increase from 194,120,291.38 in the previous year[36] Convertible Bonds - As of September 30, 2024, a total of 133,000 yuan of "Jintian Convertible Bonds" have been converted into company shares, with an unconverted amount of 1,499,867,000 yuan, representing 99.99113% of the total issuance[11] - The "Jintian Convertible Bonds" initial conversion price was 10.95 yuan/share, and the current conversion price is 10.43 yuan/share[11] - The company issued "Jincopper Convertible Bonds" totaling 145,000,000 yuan, with an unconverted amount of 1,449,869,000 yuan, representing 99.99097% of the total issuance[12] - The conversion price for "Jincopper Convertible Bonds" was adjusted to 5.90 yuan/share effective August 28, 2024[14] Share Repurchase Plans - The company plans to repurchase shares with a total fund of no less than 100 million yuan and no more than 200 million yuan, with a maximum repurchase price of 8.52 yuan/share[15] - The expected number of shares to be repurchased is between 11,737,089 and 23,474,178 shares[15] - As of September 30, 2024, the company has repurchased a total of 35,187,012 shares, accounting for 2.38% of the total share capital, with a total expenditure of approximately ¥196.39 million[16]