JCON(BJ:836149)2024-04-02 16:00Financial Performance - Operating revenue for the first nine months of 2023 was ¥499,896,817.93, representing a 129.56% increase from ¥217,766,129.43 in the same period of 2022[10] - Net profit attributable to shareholders for the first nine months of 2023 was ¥6,217,075.51, a turnaround from a loss of ¥7,402,667.93 in the previous year, marking an increase of 183.98%[10] - The company reported a basic earnings per share of ¥0.08 for the first nine months of 2023, compared to a loss of ¥0.10 per share in the same period last year, reflecting a 180.00% improvement[10] - 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 2022, marking a turnaround in profitability[37] - 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 2022[37] - Total comprehensive income for the period was 6,838,453.90, compared to a loss of 920,668.40 in the previous year, highlighting improved overall performance[40] Assets and Liabilities - Total assets as of September 30, 2023, reached ¥830,680,665.26, an increase of 29.50% compared to ¥641,454,786.66 at the end of 2022[10] - Total liabilities reached CNY 626,827,887.65, compared to CNY 443,257,822.48 in the previous year, indicating an increase of around 41.5%[29] - Current liabilities totaled CNY 509,138,649.36, up from 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 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] Cash Flow - Cash flow from operating activities showed a net outflow of ¥39,284,892.82, a decrease of 39.27% compared to the previous year's outflow of ¥28,207,061.90[10] - The net cash flow from operating activities was -39,284,892.82, worsening from -28,207,061.90 in the previous year, indicating cash flow challenges[42] - Cash inflow from operating activities for the first nine months of 2023 was $196.08 million, compared to $80.86 million in the same period of 2022, representing an increase of 142.5%[45] - Total cash outflow for operating activities was $219.33 million in 2023, compared to $93.11 million in 2022, reflecting a substantial rise in operational costs[45] Inventory and Borrowings - The company’s inventory increased by 184.39% to ¥61,022,016.50, driven by the need for production and sales, including an increase in raw materials and finished goods[11] - Short-term borrowings rose by 34.94% to ¥182,994,089.08, attributed to business growth and increased financing needs[11] - The company reported a significant increase in accounts payable, which rose to CNY 256,452,351.01 from CNY 132,415,683.22, marking an increase of about 93.5%[28] Research and Development - Research and development expenses increased by 66.66% to ¥19,639,417.35, due to the expansion of R&D projects and related costs[12] - 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 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 the company's commitment to innovation[39] Shareholder Information - Major shareholders include Ding Jie and Ding Qiang, holding 21.25% and 20.73% of shares respectively[20] - The total number of ordinary shares outstanding remained at 73,758,000, with 64.91% being unrestricted shares[18] - The company's equity attributable to shareholders increased to CNY 176,923,702.19 from CNY 170,879,098.08, reflecting a growth of about 3.0%[29] Tax and Non-Operating Income - The company reported a tax expense of CNY -6,385,974.54, indicating a significant tax impact on profits[16] - Non-operating income totaled CNY 6,360,363.07, with a net non-operating income of CNY 4,727,751.56 after tax impacts[14] Future Plans - The company plans to continue expanding its market presence and investing in new product development to sustain growth momentum in the upcoming quarters[35] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[39]