JCT(SH:603657)2024-10-29 08:55Financial Performance - The company's operating revenue for Q3 2024 was ¥590,394,606.30, representing a year-on-year increase of 28.38%[2] - The net profit attributable to shareholders for Q3 2024 was ¥701,134.13, a decrease of 88.74% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥460,033.55, down 89.61% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.0051, reflecting a decline of 89.80% compared to the previous year[4] - The diluted earnings per share for Q3 2024 was ¥0.0033, a decrease of 91.75% year-on-year[4] - Net profit for the third quarter of 2024 was ¥4,717,091.51, a significant decrease from ¥44,614,077.29 in the same quarter of 2023[18] - The net profit for the third quarter of 2024 was CNY 20,106,433.92, a decrease of 41.85% compared to CNY 37,059,957.06 in the same period of 2023[19] - The total comprehensive income attributable to the parent company was CNY 20,106,433.92, reflecting a decrease from CNY 37,059,957.06 in the same period last year[19] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥2,266,707,900.39, an increase of 15.78% from the end of the previous year[4] - The total current assets as of September 30, 2024, are ¥1,619,303,400.22, compared to ¥1,384,458,141.65 at the end of 2023, reflecting a growth of approximately 17%[13] - Total liabilities increased to ¥1,316,732,638.16 in the third quarter of 2024, up from ¥1,000,561,112.02 in the same period of 2023, reflecting a growth of 31.7%[15] - The company's total non-current assets reached ¥647,404,500.17, compared to ¥573,339,736.32 in the previous year, indicating an increase of 12.9%[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 12,067[10] - The largest shareholder, Zhejiang Chunguang Holdings Co., Ltd., holds 63,000,000 shares, accounting for 46.16% of total shares[10] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date period was ¥32,357,533.03[2] - The company's cash and cash equivalents as of September 30, 2024, amount to ¥461,789,077.21, a decrease from ¥472,083,475.13 at the end of 2023[12] - The company reported a decrease in cash outflow for operating activities, totaling CNY 1,255,045,625.86, compared to CNY 1,273,761,147.53 in the previous year[20] - The company invested CNY 145,641,679.55 in fixed assets, a significant increase from CNY 25,372,666.97 in the previous year[20] Operational Insights - The company attributed the decline in net profit to increased market competition, reduced sales prices, and increased R&D expenses[7] - Research and development expenses increased to ¥49,109,839.11 in the third quarter of 2024, compared to ¥38,183,555.16 in the same quarter of 2023, marking a rise of 28.5%[18] - The company is focusing on expanding its market presence and enhancing product development strategies[12] Other Financial Metrics - Non-recurring gains included government subsidies amounting to ¥1,265,477.70 for the current period[5] - The company reported a financial expense of ¥200,795.93 in the third quarter of 2024, contrasting with a financial income of ¥16,791,424.51 in the same quarter of 2023[18] - Other comprehensive income after tax for the third quarter of 2024 was ¥15,389,342.41, compared to a loss of ¥2,760,597.31 in the same quarter of 2023[18] - Total operating costs for the first three quarters of 2024 were ¥1,467,117,737.08, up from ¥1,308,388,246.57 in 2023, reflecting a rise of 12.1%[16] - Total revenue from sales and services received was CNY 1,003,272,605.65, down from CNY 1,062,067,050.22 in the same period last year[20] - Cash flow from financing activities generated a net increase of CNY 200,950,078.29, compared to CNY 108,278,179.91 in the previous year[21] - The company received CNY 620,126,766.40 in cash from borrowings, an increase from CNY 416,000,000.00 in the same period last year[21] - Cash and cash equivalents at the end of the period totaled CNY 317,824,235.34, up from CNY 230,649,436.42 at the end of the previous year[21]