JSSS(SH:600220)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥513,618,838.16, a decrease of 16.68% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2023 was ¥24,739,657.36, down 52.13% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥23,105,092.84, a decline of 56.78% compared to the previous year[4]. - The basic earnings per share for Q3 2023 was ¥0.0139, a decrease of 52.07% year-on-year[5]. - The diluted earnings per share for Q3 2023 was also ¥0.0139, reflecting a 52.07% decline compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2023 was CNY 1,285,641,209.83, a decrease of 17.5% compared to CNY 1,510,521,523.59 in the same period of 2022[15]. - Operating profit for the first three quarters of 2023 was CNY 58,879,437.42, a decline of 54.5% from CNY 129,199,370.81 in the same period of 2022[16]. - Net profit for the first three quarters of 2023 was CNY 36,881,005.66, compared to CNY 99,163,379.18 in the same period of 2022, indicating a decrease of 62.8%[16]. - The net profit attributable to the parent company for Q3 2023 was ¥33,538,944.62, a decrease from ¥102,299,380.10 in Q3 2022, representing a decline of approximately 67.2%[17]. - The total comprehensive income for Q3 2023 was ¥39,573,146.61, compared to ¥115,076,328.81 in Q3 2022, indicating a decrease of about 65.6%[18]. - Basic and diluted earnings per share for Q3 2023 were both ¥0.0188, down from ¥0.0574 in Q3 2022, reflecting a decline of approximately 67.2%[18]. - Net profit for the first three quarters of 2023 was ¥33,681,864.30, down significantly from ¥202,783,612.58 in the same period of 2022, representing a decrease of about 83.4%[25]. - Operating revenue for the first three quarters of 2023 was ¥1,081,762,818.46, a decline of approximately 19.8% compared to ¥1,348,948,468.05 in 2022[24]. Assets and Liabilities - The total assets at the end of the reporting period were ¥4,292,304,235.05, a decrease of 9.53% from the end of the previous year[5]. - The equity attributable to shareholders at the end of the reporting period was ¥2,111,139,028.54, down 2.14% compared to the end of the previous year[5]. - Total assets as of September 30, 2023, were CNY 4,292,304,235.05, down from CNY 4,744,198,827.28 at the end of 2022, a reduction of 9.5%[13]. - Total liabilities as of September 30, 2023, were CNY 2,076,143,592.97, compared to CNY 2,334,576,625.30 at the end of 2022, reflecting a decrease of 11.0%[13]. - The company's total liabilities decreased to ¥2,980,880,402.17 from ¥3,022,910,659.48, indicating a reduction of about 1.4%[23]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥467,864,007.18, a significant decrease of 213.32% compared to the previous year[4]. - Cash flow from operating activities for the first nine months of 2023 was ¥467,864,007.18, a significant improvement from a negative cash flow of ¥412,887,579.59 in the same period of 2022[19]. - Cash inflow from operating activities totaled ¥1,587,683,041.80 for the first nine months of 2023, compared to ¥1,175,400,410.46 in the same period of 2022, marking an increase of approximately 35.0%[19]. - Cash outflow from operating activities decreased to ¥1,119,819,034.62 in the first nine months of 2023 from ¥1,588,287,990.05 in the same period of 2022, a reduction of about 29.6%[19]. - The net cash flow from investing activities for Q3 2023 was -¥346,954,619.61, worsening from -¥227,136,158.56 in Q3 2022[19]. - Cash flow from financing activities showed a net outflow of -¥220,601,367.72 in Q3 2023, compared to a net inflow of ¥33,516,041.01 in Q3 2022[19]. - The total cash and cash equivalents at the end of Q3 2023 were ¥86,096,458.08, down from ¥233,935,920.79 at the end of Q3 2022[19]. - The company's cash and cash equivalents decreased to ¥50,481,824.74 from ¥117,939,140.62, a decline of approximately 57.3%[22]. - The total cash and cash equivalents at the end of the period decreased to ¥46,632,415.35 from ¥157,344,138.26 at the end of the same period last year, reflecting a decline of approximately 70.4%[28]. Operational Efficiency - The decrease in net profit is primarily attributed to reduced revenue from the woolen business and the disposal of assets from the thermal power workshop[7]. - Total operating costs for the first three quarters of 2023 were CNY 1,219,228,556.63, down from CNY 1,352,486,488.00, reflecting a reduction of 9.8%[16]. - The company reported a significant increase in cash received from sales, totaling ¥1,528,230,645.18 for the first nine months of 2023, compared to ¥1,111,255,155.61 in the same period of 2022, an increase of approximately 37.5%[19]. - The company received cash from sales of goods and services amounting to ¥1,192,120,154.24, compared to ¥763,822,165.07 in the previous year, marking an increase of about 56.2%[27]. - The cash paid for purchasing goods and services was ¥503,165,892.84, which is an increase from ¥405,501,415.56 in the same period of 2022, indicating a rise of approximately 24.1%[27]. - The company reported a significant increase in financial expenses, rising to ¥47,340,563.46 in 2023 from ¥8,243,590.48 in 2022[24]. - Research and development expenses remained stable at ¥7,737,369.47 for the first three quarters of 2023, compared to ¥7,750,129.61 in 2022[24]. Inventory and Receivables - Cash and cash equivalents decreased to CNY 89,945,867.47 from CNY 183,626,712.51, a decline of 51.0%[12]. - Accounts receivable decreased to CNY 1,009,137,872.33 from CNY 1,107,449,756.55, a reduction of 8.9%[12]. - Inventory decreased to CNY 803,070,212.46 from CNY 1,015,650,605.71, indicating a decline of 21.0%[12]. - The company’s inventory decreased to ¥755,713,350.02 from ¥957,731,605.64, reflecting a decrease of about 21.1%[22].