JYT(SH:601908)2023-10-26 16:00Financial Performance - The net profit attributable to shareholders of the listed company decreased by 30.57% in the third quarter due to industry changes and market fluctuations, negatively impacting the new materials business product prices[6]. - The net profit attributable to shareholders for the year-to-date period decreased by 56.21%, also affected by the decline in new materials product prices and inventory impairment losses[6]. - The basic earnings per share for the third quarter decreased by 31.58%, reflecting the adverse effects of market conditions on profitability[6]. - The diluted earnings per share for the year-to-date period decreased by 57.14%, indicating significant challenges faced by the company in the current market environment[6]. - Total operating revenue for the first three quarters of 2023 was CNY 7,979,845,211.96, a decrease of 20.15% compared to the same period in 2022[19]. - Net profit attributable to shareholders of the listed company for the first three quarters of 2023 was CNY 365,615,762.96, down 30.57% year-on-year[33]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 33.24% to CNY 320,074,922.92[33]. - The company reported a net profit of 330,257,821.35 CNY for the third quarter of 2023, compared to 863,041,756.01 CNY in the same period last year, reflecting a decrease of approximately 61.8%[44]. Assets and Liabilities - The total assets as of September 30, 2023, amounted to approximately ¥23.72 billion, representing a 6.47% increase from the end of the previous year[12]. - The equity attributable to shareholders of the listed company was approximately ¥11.53 billion, reflecting a 3.31% increase compared to the end of the previous year[12]. - Total liabilities as of the end of the reporting period amounted to CNY 12,159,881,197.05, an increase from CNY 11,048,507,605.64 in the previous year[20]. - Total equity attributable to shareholders of the listed company was CNY 11,531,183,843.95, compared to CNY 11,162,121,593.12 in the previous year[20]. - The company’s fixed assets decreased to 9,231,141,182.91 CNY from 9,440,763,197.33 CNY, showing a decline of about 2.2%[40]. - The total liabilities increased to ¥7,759,344,416.44, compared to ¥5,551,082,616.20 in the previous year[50]. - The total liabilities as of Q3 2023 amounted to 8,054,223,567.21, an increase from 5,769,391,079.49 in the previous year[58]. Cash Flow - The net cash flow from operating activities for the year-to-date period was not applicable due to a decrease in cash payments for raw materials compared to the previous period[6]. - Cash flow from operating activities for the first three quarters was CNY 329,561,382.16, with no applicable year-on-year comparison[33]. - The net cash inflow from operating activities for Q3 2023 was ¥329,561,382.16, compared to a net outflow of ¥419,089,885.71 in Q3 2022[47]. - Cash inflows from operating activities totaled CNY 4,211,447,129.30 in 2023, down from CNY 6,000,690,332.22 in 2022, reflecting a decrease of approximately 29.8%[61]. - Cash outflows from operating activities decreased to CNY 4,723,305,081.88 in 2023 from CNY 6,678,450,620.98 in 2022, showing a reduction of about 29.2%[61]. - The company received CNY 4,027,054,504.74 related to other operating activities in 2023, compared to CNY 5,447,635,458.37 in 2022, indicating a decrease of about 26.0%[61]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 121,176, indicating a stable shareholder base[6]. - The largest shareholder, Beijing Jingyuntong Daxing Technology Investment Co., Ltd., holds 700 million shares, accounting for 28.99% of the total shares[15]. Research and Development - Research and development expenses for the first three quarters were CNY 206,382,918.42, down from CNY 244,610,096.54 in the previous year[20]. - The company incurred research and development expenses of 18,191,394.89 in the first three quarters of 2023, a decrease from 19,484,959.71 in the same period of 2022[59]. Market Strategy - The company is focusing on enhancing its market expansion strategies and product development to drive future growth, although specific new products or technologies were not detailed in the report[45].