Jangho(601886)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 5,266,307,057.93, representing a year-on-year increase of 15.59% compared to CNY 4,555,850,530.69 in the same period last year[6]. - The net profit attributable to shareholders of the listed company decreased by 56.35% to CNY 106,393,996.75 from CNY 243,131,895.62 in the previous year, primarily due to a significant gain from the transfer of subsidiary equity in the prior period[6][8]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 169.47% to CNY 125,745,596.75 from CNY 46,041,132.79 in the same period last year, driven by revenue growth and improved gross profit margin[6][13]. - The basic and diluted earnings per share for Q3 2023 were both CNY 0.09, down 59.09% from CNY 0.22 in the same period last year[6]. - The company reported a significant increase in revenue scale year-to-date, contributing to a 36.55% increase in net profit attributable to shareholders after deducting non-recurring gains and losses[13]. - Total operating revenue for the first three quarters of 2023 reached ¥14,115,365,605.50, an increase of 14.7% compared to ¥12,297,640,364.97 in the same period of 2022[23]. - Net profit for the first three quarters of 2023 was ¥470,563,094.13, representing a slight increase from ¥454,729,689.28 in the same period of 2022[24]. - Earnings per share for the first three quarters of 2023 were ¥0.35, down from ¥0.40 in the previous year[25]. - The comprehensive income for the first three quarters of 2023 was ¥545,674,972.99, significantly higher than ¥47,181,225.30 in the same period of 2022[25]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 27,441,396,910.52, reflecting a year-to-date increase of 1.85%[7]. - Total current assets as of September 30, 2023, amount to ¥22,352,211,527.67, an increase from ¥22,138,783,071.51 in the previous year[20]. - Total assets as of September 30, 2023, are ¥27,441,396,910.52, compared to ¥26,944,243,375.12 at the end of 2022[20]. - Total liabilities as of the end of Q3 2023 amounted to ¥19,350,269,605.43, a marginal increase from ¥19,321,880,947.40 at the end of Q3 2022[21]. - Total equity increased to ¥8,091,127,305.09 in Q3 2023, compared to ¥7,622,362,427.72 in Q3 2022, reflecting a growth of 6.2%[21]. Cash Flow - The net cash flow from operating activities for the year-to-date was negative CNY 1,212,308,942.10, compared to negative CNY 2,050,350,687.31 in the previous year, indicating an improvement[6]. - In the first three quarters of 2023, the cash inflow from operating activities reached ¥13.82 billion, an increase of 10.9% compared to ¥12.46 billion in the same period of 2022[27]. - The net cash flow from operating activities was -¥1.21 billion, an improvement from -¥2.05 billion year-over-year[28]. - The total cash inflow from investment activities was ¥364.79 million, down 59.0% from ¥887.93 million in the previous year[28]. - The net cash flow from financing activities was ¥257.13 million, a decrease of 27.8% compared to ¥355.99 million in the same period of 2022[29]. - The cash and cash equivalents at the end of the period stood at ¥2.29 billion, compared to ¥2.17 billion at the end of the same period last year[29]. - The company experienced a net decrease in cash and cash equivalents of ¥1.01 billion, an improvement from a decrease of ¥1.70 billion in the same period last year[29]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 17,631[15]. - The largest shareholder, Beijing Jianghe Source Holdings Co., Ltd., holds 315,645,200 shares, accounting for 27.86% of total shares[16]. - Liu Zaiwang, a significant shareholder, owns 289,307,866 shares, representing 25.53% of total shares[16]. Research and Development - Research and development expenses for the first three quarters of 2023 were ¥400,069,887.01, an increase of 15.2% from ¥346,974,137.86 in the same period of 2022[23]. - The company did not report any significant new product developments or market expansions during this quarter[6][8]. - The company has not disclosed any new product or technology developments in the current report[18]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[22]. Other Financial Metrics - The weighted average return on net assets decreased to 1.57% from 3.95% in the same period last year[7]. - The company reported a decrease in credit impairment losses to ¥-146,114,055.27 in 2023 from ¥-256,753,674.56 in 2022, indicating improved asset quality[24]. - The total operating costs for the first three quarters of 2023 were ¥13,431,075,787.57, up 13.5% from ¥11,836,061,349.75 in the previous year[23]. - Non-recurring gains and losses for the reporting period included a loss from the disposal of non-current assets amounting to CNY 14,189,443.44[11]. - Accounts receivable rose to ¥12,274,167,013.60 from ¥11,383,252,002.72 in the previous year[19]. - Inventory decreased to ¥953,983,194.11 from ¥1,027,053,117.89 year-over-year[20]. - The company reported a significant increase in contract assets to ¥3,716,133,416.99 from ¥3,498,590,433.59[20]. - The cash outflow for purchasing goods and services was ¥12.77 billion, slightly up from ¥12.48 billion in the same period of 2022[28]. - The company reported a cash inflow of ¥236.5 million from the disposal of subsidiaries, significantly up from ¥64.5 million in the previous year[28]. - The company received ¥2.33 billion in borrowings during the financing activities, an increase of 25.0% from ¥1.87 billion in the previous year[29]. - The company received tax refunds amounting to ¥75.07 million, a decrease from ¥178.72 million in the previous year[28].