JHS(SH:603922)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥111,781,710.76, representing a decrease of 18.01% compared to the same period last year[5]. - The net profit attributable to shareholders for Q3 2023 was -¥12,825,396.02, a decline of 340.57% year-on-year[5]. - The basic earnings per share for Q3 2023 was -¥0.10, reflecting a decrease of 400.99% compared to the previous year[6]. - The net profit attributable to shareholders for the year-to-date period was -¥41,329,095.26, a decline of 768.60% compared to the same period last year[5]. - The diluted earnings per share for the year-to-date period was -¥0.32, a decrease of 707.21% year-on-year[6]. - Net profit for Q3 2023 was a loss of ¥41,329,095.26, compared to a loss of ¥4,758,105.14 in Q3 2022, indicating a significant decline in profitability[21]. - Basic and diluted earnings per share for Q3 2023 were both -¥0.32, compared to -¥0.04 in Q3 2022[21]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,444,622,159.15, an increase of 14.87% from the end of the previous year[6]. - As of September 30, 2023, the total assets of the company amounted to RMB 1,444,622,159.15, an increase from RMB 1,257,567,581.05 at the end of 2022, reflecting a growth of approximately 14.8%[16]. - The company's total current assets reached RMB 1,117,220,567.65, up from RMB 961,055,159.14 at the end of 2022, indicating an increase of about 16.3%[15]. - The company's total liabilities as of September 30, 2023, were RMB 448,548,953.69, compared to RMB 220,165,280.33 at the end of 2022, showing a substantial increase of about 103.5%[17]. - The total equity attributable to shareholders decreased to RMB 996,073,205.46 from RMB 1,037,402,300.72, reflecting a decline of about 4.0%[17]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date period was ¥61,378,030.33, showing a decrease of 14.12%[6]. - Cash flow from operating activities for the first nine months of 2023 was ¥61,378,030.33, down from ¥71,467,661.94 in the same period of 2022[24]. - Cash and cash equivalents at the end of Q3 2023 totaled ¥418,749,138.71, compared to ¥342,758,798.63 at the end of Q3 2022[25]. - Investment activities generated a net cash outflow of ¥45,941,416.74 in the first nine months of 2023, compared to a net outflow of ¥65,878,760.76 in the same period of 2022[24]. - Financing activities resulted in a net cash outflow of ¥81,959,146.75 in Q3 2023, contrasting with a net inflow of ¥3,052,649.91 in Q3 2022[25]. Operational Insights - The company reported a significant decline in the sales volume of supporting vehicle models, leading to reduced orders from downstream customers[9]. - The company reported a decrease in sales revenue from goods and services, totaling ¥358,728,928.31 for the first nine months of 2023, down from ¥430,252,865.16 in the same period of 2022[23]. - The company experienced a significant increase in management expenses, which rose to ¥42,838,447.29 in Q3 2023 from ¥14,646,479.22 in Q3 2022[20]. - The company received government subsidies amounting to ¥1,073,204.20 during the reporting period, which are closely related to its normal business operations[8]. Inventory and Receivables - Accounts receivable increased significantly to RMB 266,291,316.98 from RMB 146,331,398.19, representing an increase of approximately 81.9% year-over-year[15]. - Inventory levels increased marginally to RMB 208,264,792.72 from RMB 205,064,493.48, showing a slight rise of approximately 0.6%[15]. - The company reported a significant increase in prepayments, which rose to RMB 42,717,807.54 from RMB 10,691,354.19, marking an increase of approximately 299.5%[15]. Future Outlook - The company has not provided specific guidance for future performance or new product developments in the conference call[13].