JCON(BJ:836149)2023-10-29 16:00Financial Performance - Operating revenue for the first nine months of 2023 reached ¥499,896,817.93, a 129.56% increase year-on-year[9] - Net profit attributable to shareholders was ¥6,217,075.51, representing a 183.98% improvement from a loss of ¥7,402,667.93 in the same period last year[9] - Basic earnings per share improved to ¥0.08 from a loss of ¥0.10, marking a 180.00% increase[9] - Operating profit for the first nine months of 2023 was CNY 9,061,800.25, a recovery from a loss of CNY 19,109,731.36 in the same period of 2022[36] - Net profit for the first nine months of 2023 was CNY 5,898,112.39, compared to a net loss of CNY 12,771,484.49 in the previous year, marking a turnaround in profitability[36] - The company reported a total comprehensive income of CNY 5,542,691.10 for the first nine months of 2023, compared to a loss of CNY 12,770,090.06 in the previous year[37] - The company reported a total comprehensive income of ¥6,838,453.90, recovering from a loss of ¥920,668.40 in the previous year[40] Assets and Liabilities - Total assets increased by 29.50% to ¥830,680,665.26 compared to the end of last year[9] - Total current assets increased to CNY 631,300,519.92 as of September 30, 2023, up from CNY 437,117,468.44 in the previous year, representing a growth of approximately 44.4%[27] - Total liabilities increased to CNY 626,827,887.65, up from CNY 443,257,822.48, indicating a rise of around 41.5%[29] - Current liabilities rose to CNY 509,138,649.36, compared to CNY 324,809,509.95, which is an increase of approximately 56.7%[28] - The company's total liabilities as of the reporting date amounted to CNY 258,399,066.91, up from CNY 142,281,772.34 in the previous year, reflecting an increase of approximately 81.8%[33] - Total equity increased to CNY 207,338,322.65 from CNY 200,380,577.48, showing a growth of about 3.9% year-over-year[33] Cash Flow - Cash flow from operating activities showed a net outflow of ¥39,284,892.82, a 39.27% decline compared to the previous year[11] - Cash inflow from operating activities for the first nine months of 2023 was $196.08 million, a significant increase from $80.86 million in the same period of 2022, representing a growth of 142.5%[45] - The net cash flow from operating activities was negative at -$23.25 million for the first nine months of 2023, compared to -$12.24 million in the same period of 2022, indicating a worsening cash flow situation[45] - The total cash outflow for operating activities was $219.33 million in 2023, significantly higher than $93.11 million in 2022, indicating increased operational costs[45] Inventory and Receivables - Accounts receivable increased by 42.28% to ¥481,966,520.22, attributed to rapid sales growth and delayed payments[10] - Inventory surged by 184.39% to ¥61,022,016.50, driven by increased production and sales needs[10] - Accounts receivable rose significantly to CNY 481,966,520.22, compared to CNY 338,751,493.74 in the previous year, marking an increase of about 42.2%[27] - The company reported a significant increase in inventory, which rose to CNY 61,022,016.50 from CNY 21,457,420.39, marking an increase of approximately 184.5%[27] Shareholder Information - The total number of ordinary shareholders is 4,866, with a total share capital of 73,758,000 shares[18] - Major shareholders include Ding Jie and Ding Qiang, holding 21.25% and 20.73% of shares respectively[20] - The proportion of unrestricted shares held by the largest shareholder is 64.91%[18] - The company has not reported any pledges or judicial freezes on shares held by major shareholders[21] Research and Development - Research and development expenses grew by 66.66% to ¥19,639,417.35, reflecting increased investment in R&D projects[11] - Research and development expenses for the first nine months of 2023 were CNY 19,639,417.35, compared to CNY 11,784,168.02 in the same period of 2022, indicating an increase of approximately 66.8%[36] - Research and development expenses increased to ¥9,741,446.23, up from ¥4,974,600.03, reflecting a 96% year-over-year growth[39] Financing Activities - Short-term borrowings rose by 34.94% to ¥182,994,089.08, reflecting increased financing due to business growth[10] - Financing activities generated a net cash inflow of ¥32,746,749.54, an increase from ¥23,479,659.61 in the previous year[43] - The company received $86.70 million in borrowings during the first nine months of 2023, compared to $58.51 million in 2022, reflecting a 48.0% increase in debt financing[45]