JCET(SH:600584)2023-10-27 16:00Financial Performance - In Q3 2023, the company reported operating revenue of CNY 8.26 billion, a decrease of 10.10% year-over-year, and a year-to-date revenue of CNY 20.43 billion, down 17.55% compared to the same period last year[5]. - The net profit attributable to shareholders was CNY 478 million, reflecting a decline of 47.40% year-over-year, while the year-to-date net profit was CNY 973 million, down 60.30% compared to the previous year[5]. - The basic earnings per share for the current period was CNY 0.26, a decrease of 49.02% year-over-year, and the diluted earnings per share also stood at CNY 0.26, down 49.02%[6]. - Total operating revenue for the first three quarters of 2023 was CNY 20,429,842,531.27, a decrease of 17.5% compared to CNY 24,778,029,320.42 in the same period of 2022[20]. - Net profit for the third quarter of 2023 was CNY 973,543,800.06, a decline of 60.3% compared to CNY 2,452,412,080.56 in the same quarter of 2022[21]. - The total comprehensive income for the third quarter of 2023 was CNY 1,253,545,650.97, down from CNY 3,283,837,924.82 in the same quarter of 2022, reflecting a decrease of 61.8%[22]. Assets and Liabilities - The company’s total assets increased to CNY 43.01 billion, representing a growth of 9.13% compared to the end of the previous year[6]. - As of September 30, 2023, total assets reached RMB 43,007,222,797.31, an increase from RMB 39,407,731,739.01 at the end of 2022, reflecting a growth of approximately 4.05%[16]. - The company's total liabilities increased to CNY 17,134,764,649.60 in Q3 2023, up from CNY 14,764,998,533.82 in Q3 2022, reflecting a growth of 9.3%[19]. - The total equity attributable to shareholders reached CNY 25,786,577,698.46, an increase of 4.6% from CNY 24,642,733,205.19 in the previous year[19]. Cash Flow - The cash flow from operating activities for the year-to-date period was CNY 3.03 billion, reflecting a decline of 30.75% compared to the previous year[11]. - Cash inflow from operating activities for the first three quarters of 2023 was approximately ¥20.74 billion, a decrease of 17.5% compared to ¥25.20 billion in the same period of 2022[24]. - Net cash flow from operating activities in Q3 2023 was ¥3.03 billion, down 30.7% from ¥4.38 billion in Q3 2022[25]. - The net increase in cash and cash equivalents for Q3 2023 was ¥2.22 billion, compared to a decrease of ¥350.91 million in Q3 2022[26]. - The ending balance of cash and cash equivalents as of Q3 2023 was ¥4.67 billion, up from ¥2.41 billion at the end of Q3 2022[26]. Research and Development - Research and development expenses for the first three quarters reached CNY 1.08 billion, an increase of 10.38% year-over-year, indicating a continued focus on technological innovation[8]. - Research and development expenses for the first three quarters of 2023 were CNY 1,081,868,650.27, an increase of 10.4% compared to CNY 980,101,910.08 in the same period of 2022[20]. - The company is focused on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[16]. Market Challenges and Strategies - The company faced challenges due to a downturn in the global semiconductor market, leading to a decrease in customer orders and overall market demand[6]. - The company is optimizing its product structure towards high-value applications such as high-performance computing, automotive electronics, and industrial intelligence[6]. - The company has committed to strict control of operational expenses to mitigate some of the adverse impacts from the market downturn[11]. - The company plans to focus on market expansion and new product development to drive future growth[22]. Shareholder Information - The company reported a total of 236,897,906 shares held by the National Integrated Circuit Industry Investment Fund, making it the largest shareholder[15]. - The second-largest shareholder, Chip Semiconductor (Shanghai) Co., Ltd., holds 228,833,996 shares, indicating a strong concentration of ownership[15]. - The company has no actual controller, with the top two shareholders not having any concerted action relationship[15].