JINNENG(SH:603113)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥3,698,975,435.44, a decrease of 29.89% compared to the same period last year[6]. - Net profit attributable to shareholders was ¥66,667,013.61, down 22.20% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥52,652,660.63, showing a significant increase of 1,663.57% compared to the previous quarter[7]. - The company reported a significant decline in net profit for the year-to-date period, down 97.82% due to falling product prices[11]. - Net profit for the third quarter of 2023 was CNY 5,657,437.67, a significant decline from CNY 259,986,901.48 in the same quarter of 2022[21]. - The total comprehensive income for the third quarter of 2023 was CNY -7,901,826.18, contrasting with CNY 259,986,901.48 in the same period of 2022[22]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥759,495,031.95, a decrease of 58.48% compared to the same period last year[7]. - The net cash flow from operating activities for Q3 2023 was ¥759,495,031.95, a decrease of 58.5% compared to ¥1,829,437,963.99 in Q3 2022[25]. - Cash inflow from financing activities totaled ¥2,473,408,447.73, down from ¥3,608,405,489.46 in Q3 2022[26]. - The total cash outflow from operating activities was ¥9,254,950,535.30, a decrease from ¥11,189,294,335.71 in Q3 2022[25]. - The net cash flow from investment activities was -¥207,998,629.22, an improvement from -¥1,550,487,826.61 in Q3 2022[25]. Assets and Liabilities - Total assets at the end of the reporting period were ¥17,175,727,850.80, an increase of 5.21% from the end of the previous year[7]. - The company reported a total liability of CNY 8,561,727,692.72 as of the end of the third quarter of 2023, compared to CNY 7,618,372,978.84 at the end of the same period in 2022, indicating an increase of 12.4%[19]. - The company's cash and cash equivalents reached ¥1,877,632,196.78, up from ¥1,707,108,434.71 year-over-year[16]. - The total current liabilities decreased to ¥5,130,983,265.86 from ¥5,984,988,661.54, reflecting a reduction of about 14.3%[17]. - The company's total equity attributable to shareholders was CNY 8,614,000,158.08, down from CNY 8,707,439,940.02 in the previous year, reflecting a decrease of 1.1%[19]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 38,390[13]. - The company reported a total of 317,909,744 shares held by major shareholder Qin Qingping, representing 37.1% of total shares[15]. Inventory and Fixed Assets - Inventory levels increased significantly to ¥1,673,814,801.66 compared to ¥1,002,464,225.36 in the same period last year, indicating a growth of approximately 67%[17]. - The company's fixed assets were valued at ¥5,775,554,901.48, a decrease from ¥6,189,528,252.36 year-over-year[17]. - The company has ongoing investments in construction projects, with an increase in construction in progress to ¥3,554,860,973.48 from ¥1,619,520,775.57[17]. Research and Development - Research and development expenses for the first three quarters of 2023 were CNY 86,751,980.95, a significant reduction from CNY 310,227,754.68 in the same period of 2022, showing a decrease of 72%[20]. Earnings Per Share - Basic earnings per share for the year-to-date period was ¥0.08, down 96.67% year-on-year[7]. - The company reported a basic earnings per share of CNY 0.01 for the third quarter of 2023, compared to CNY 0.30 in the same quarter of 2022[22].