JJE(SH:688280)2025-10-30 09:10Financial Performance - The company's revenue for Q3 2025 reached ¥779,695,422.08, representing a year-on-year increase of 128.89%[4] - Total profit for the quarter was ¥43,549,444.69, up 140.31% compared to the same period last year[4] - Net profit attributable to shareholders was ¥47,581,378.32, reflecting a 146.88% increase year-on-year[4] - The net profit for the year-to-date period was ¥83,546,640.44, which is a 121.62% increase compared to the same period last year[4] - Revenue for the current reporting period reached 96.07 million, showing significant growth compared to the same period last year, primarily driven by the domestic passenger vehicle project launched last year and new projects coming online[10] - Total profit for the current reporting period was 140.31 million, reflecting a substantial increase in revenue compared to the same period last year, which fundamentally improved profitability[10] - Net profit attributable to shareholders for the current reporting period was 146.88 million, with revenue growth being the main driver of profitability improvement[10] - Basic earnings per share for the current reporting period was 147.06, indicating a significant increase due to revenue growth[10] - Diluted earnings per share for the current reporting period was also 147.06, reflecting the same trend of revenue-driven profitability improvement[11] - Total operating revenue for the first three quarters of 2025 reached ¥1,802,092,581.50, a significant increase from ¥919,092,612.48 in the same period of 2024, representing an increase of approximately 96%[21] - The net profit for the first three quarters of 2025 was ¥83,546,640.44, a turnaround from a net loss of ¥386,422,297.56 in the same period of 2024[22] - The company reported a comprehensive income total of ¥85,042,057.87 for the first three quarters of 2025, compared to a comprehensive loss of ¥385,108,720.98 in 2024[23] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.14, compared to a loss of ¥0.65 per share in the same period of 2024[23] Cash Flow and Liquidity - The company reported a cash flow from operating activities of ¥413,024,997.22 for the year-to-date period, a significant increase of 3,228.49%[4] - Cash inflows from operating activities for the first three quarters of 2025 amounted to ¥1,720,673,041.83, up from ¥985,237,025.67 in 2024, reflecting a growth of approximately 74.7%[24] - Cash received from sales of goods and services was ¥1,384,916,356.46 in the first three quarters of 2025, compared to ¥794,192,870.94 in 2024, marking an increase of about 74.4%[24] - Net cash flow from operating activities was $413,024,997.22, a significant increase from $12,408,786.09 in the previous period, indicating strong operational performance[25] - The total cash and cash equivalents at the end of the period reached $355,977,555.71, up from $50,480,190.27, indicating improved liquidity[25] Research and Development - Research and development expenses totaled ¥19,458,580.63, a decrease of 40.97% compared to the previous year[5] - The R&D expenditure accounted for 2.50% of revenue, down 7.18 percentage points from the previous year[5] - Research and development expenses for the current reporting period decreased by 40.97%, primarily due to resources being allocated to contracted development projects[11] Assets and Liabilities - Total assets increased by 19.12% to ¥3,059,583,778.56 compared to the end of the previous year[5] - As of September 30, 2025, the total assets of the company reached RMB 3,059,583,778.56, an increase from RMB 2,568,531,740.32 as of December 31, 2024, representing a growth of approximately 19.1%[16] - The company's current assets amounted to RMB 1,873,171,452.08, up from RMB 1,299,559,836.23, indicating a significant increase of about 44.1%[16] - Total liabilities decreased to RMB 1,873,171,452.08 from RMB 1,299,559,836.23, showing a reduction of about 44.1%[16] - The company's total liabilities increased to ¥2,393,526,454.66 in 2025 from ¥1,988,809,387.53 in 2024, representing an increase of approximately 20.3%[18] - The total equity attributable to shareholders increased to ¥666,057,323.90 in 2025 from ¥579,722,352.79 in 2024, reflecting an increase of about 14.9%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,245, indicating a stable shareholder base[13] - The largest shareholder, Heze Beixiang New Energy Technology Co., Ltd., holds 11.81% of the shares, totaling 69,677,522 shares[13] - The second-largest shareholder, Noble Ray International Limited, holds 9.19% of the shares, totaling 54,258,721 shares[13] Operational Insights - The company attributed the revenue growth primarily to significant increases in sales of electric drive systems for new energy vehicles[9] - The company has not reported any significant changes in its shareholder structure or participation in margin trading activities[15] - There are no other significant reminders or important information regarding the company's operational status during the reporting period[15] Accounting and Reporting Changes - The company will implement new accounting standards starting in 2025, which may affect future financial reporting[26]