JCT(SH:603657)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was ¥459,883,325.88, a decrease of 14.42% compared to the same period last year[5]. - Net profit attributable to shareholders for Q3 2023 was ¥6,226,877.33, down 76.11% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥4,428,419.23, a decline of 82.37% compared to the previous year[5]. - The basic earnings per share for Q3 2023 was ¥0.05, a decrease of 73.68% year-on-year[5]. - The diluted earnings per share for Q3 2023 was ¥0.04, down 78.95% compared to the same period last year[5]. - Net profit for the third quarter of 2023 was ¥44,614,077.29, a decrease of 48.5% from ¥87,079,049.23 in the same quarter of 2022[22]. - Earnings per share for the third quarter of 2023 were ¥0.29, down from ¥0.58 in the same quarter of 2022[23]. Assets and Liabilities - Total assets at the end of Q3 2023 were ¥1,970,686,324.63, a decrease of 9.45% from the end of the previous year[6]. - The total equity attributable to shareholders decreased to ¥980,000,662.83, down 8.69% from the previous year[6]. - Total liabilities as of September 30, 2023, were CNY 1,515,483,138.24, down from CNY 1,578,647,674.57 at the end of 2022, showing a decrease of about 4.0%[17]. - Total liabilities decreased to ¥990,685,661.80 in Q3 2023 from ¥1,074,324,966.46 in Q3 2022, a reduction of 7.8%[18]. - The company reported a total asset value of CNY 1,970,686,324.63, down from CNY 2,176,339,336.04, representing a decrease of approximately 9.4%[17]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥151,080,768.09, a decline of 246.76%[5][11]. - In the first three quarters of 2023, the cash inflow from sales and services received was ¥1,062,067,050.22, a decrease of 2.98% compared to ¥1,094,593,496.80 in the same period of 2022[25]. - The net cash flow from operating activities was -¥151,080,768.09, contrasting with a positive cash flow of ¥102,940,609.46 in the first three quarters of 2022[25]. - Total cash outflow from operating activities increased to ¥1,273,761,147.53, up from ¥1,035,915,500.76 in the previous year, marking a rise of approximately 22.93%[25]. - Cash inflow from investment activities was ¥92,589,736.82, significantly lower than ¥222,898,263.91 in the same period last year, representing a decline of about 58.49%[26]. - The net cash flow from investment activities was -¥71,546,538.09, compared to -¥43,597,246.88 in the previous year, indicating a worsening situation[26]. - Cash inflow from financing activities totaled ¥424,354,302.50, down from ¥478,181,285.00 in the same period of 2022, a decrease of approximately 11.29%[26]. - The net cash flow from financing activities improved to ¥108,278,179.91, compared to ¥39,729,698.88 in the previous year, showing a significant increase[26]. - The ending balance of cash and cash equivalents was ¥230,649,436.42, down from ¥439,146,603.41 at the end of the same period last year, a decrease of about 47.5%[26]. Operational Costs and Expenses - Total operating revenue for the first three quarters of 2023 reached ¥1,351,890,313.78, an increase of 9.8% compared to ¥1,231,598,270.43 in the same period of 2022[21]. - Total operating costs for the first three quarters of 2023 were ¥1,308,388,246.57, up from ¥1,135,627,928.00 in 2022, reflecting a rise of 15.2%[21]. - Research and development expenses for the first three quarters of 2023 were ¥38,183,555.16, compared to ¥36,033,064.10 in the same period of 2022, indicating a growth of 6%[22]. - Payments to employees increased to ¥214,327,641.17, up from ¥156,571,626.21 in the same period last year, marking a rise of about 36.8%[25]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 7,671[13]. - The largest shareholder, Zhejiang Chunguang Holdings Co., Ltd., holds 45.74% of the shares, totaling 63,000,000 shares[13]. Other Information - The company attributed the decline in net profit to lower sales prices of its main products, reduced gross margins, and increased employee compensation and depreciation[10]. - The company has not disclosed any new product developments or market expansion strategies during this reporting period[15]. - Other comprehensive income after tax for Q3 2023 was -¥2,760,597.31, compared to ¥6,163,985.92 in Q3 2022[23]. - The weighted average return on equity was 0.64%, a decrease of 1.87 percentage points from the previous year[6]. - Cash and cash equivalents were reported at CNY 491,371,844.30, down from CNY 542,399,800.86, indicating a decrease of about 9.4%[16]. - Accounts receivable decreased to CNY 498,611,424.67 from CNY 580,409,897.41, reflecting a reduction of approximately 14.1%[16]. - Short-term borrowings increased significantly to CNY 225,644,236.11 from CNY 70,064,166.67, marking an increase of approximately 222.5%[17]. - Inventory levels decreased to CNY 263,363,142.94 from CNY 298,295,652.39, a decline of about 11.7%[16].