JCET(SH:600584)2014-10-28 16:00Financial Performance - Operating income for the first nine months reached CNY 4,706,347,397.64, a 22.98% increase year-on-year[5] - Net profit attributable to shareholders surged by 1,099.17% to CNY 126,897,835.93 compared to the same period last year[5] - Basic earnings per share rose to CNY 0.1487, reflecting a 1,099.19% increase year-on-year[5] - Operating profit surged by 328.70% to ¥181,863,752.89, driven by increased sales revenue and improved profitability from product structure adjustments[16] - Net profit attributable to the parent company skyrocketed by 1099.17% to ¥126,897,835.93, mainly due to increased sales revenue and enhanced profitability[16] - Total operating revenue for Q3 2014 reached ¥1,761,534,015.97, a 31.5% increase from ¥1,338,236,983 in the same period last year[33] - Net profit for Q3 2014 was ¥94,923,701.91, a turnaround from a net loss of ¥893,431.72 in the same quarter last year[34] - Total profit for the period reached ¥112,095,032.30, significantly higher than ¥5,619,017.66 in the previous year[34] Assets and Liabilities - Total assets increased by 32.03% year-on-year to CNY 10,011,156,893.68[5] - The company's total liabilities rose to CNY 6,030,298,410.44, compared to CNY 4,942,630,188.58 at the beginning of the year, marking an increase of around 22.1%[27] - Total current liabilities increased to CNY 4,966,589,337.80 from CNY 3,937,702,525.18, reflecting a rise of approximately 26.2%[27] - The company reported a significant increase in inventory, which rose to CNY 771,376,481.40 from CNY 628,375,387.93, reflecting a growth of about 22.7%[25] - The company’s total non-current assets amounted to CNY 5,199,295,295.99, a slight increase from CNY 5,106,206,778.29 at the beginning of the year, reflecting a growth of about 1.8%[26] Shareholder Information - Net assets attributable to shareholders rose by 53.51% to CNY 3,733,833,082.07 compared to the end of the previous year[5] - The company reported a total of 97,004 shareholders by the end of the reporting period[11] - The top shareholder, Jiangsu Xinchao Technology Group Co., Ltd., holds 14.11% of the shares[11] - Shareholders' equity increased to CNY 3,980,858,483.24 from CNY 2,639,896,443.34, representing a growth of approximately 50.8%[27] Cash Flow - The net cash flow from operating activities increased by 69.92% to CNY 596,396,003.40 for the first nine months[5] - Cash flow from operating activities increased by 69.92% to ¥596,396,003.40, reflecting higher sales revenue[16] - The cash inflow from operating activities for the first nine months reached ¥4,953,837,828.54, an increase of 23.1% compared to ¥4,023,642,013.43 in the same period last year[40] - The net cash flow from financing activities was ¥1,779,578,076.12, significantly higher than ¥439,172,790.92 in the same period last year, reflecting a strong financing position[41] - The total cash and cash equivalents at the end of the period amounted to ¥2,234,347,349.07, compared to ¥492,897,846.58 at the end of the previous year, indicating a substantial increase[41] Investments and Projects - The company plans to establish a joint venture with SMIC with a registered capital of $5 million, in which the company will hold a 49% stake[18] - The company is in the process of establishing a new joint venture, Jiangyin Dashi New Energy Technology Co., Ltd., with a registered capital of CNY 100 million, in which the company holds a 40.62% stake[22] - The company raised a total of ¥1,249,960,068.90 from the issuance of 131,436,390 new A shares at a price of ¥9.51 per share, with a net amount of ¥1,186,332,625.62 after deducting issuance costs[17] Government Subsidies - The company received government subsidies amounting to CNY 11,340,910.80 during the reporting period[8] - The company reported a 47.99% increase in non-operating income to ¥27,468,283.22, mainly due to an increase in government subsidies recognized in the current period[16] Market Strategy - The company is focusing on market expansion and new product development to sustain growth momentum in the upcoming quarters[34]