Yongjin Technology (SH:603995)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 10,245,384,419.27, representing a year-on-year increase of 9.12%[5] - The net profit attributable to shareholders for Q3 2023 was CNY 101,911,391.68, a significant increase of 111.69% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 91,365,087.39, up by 128.25% year-on-year[5] - Basic earnings per share for Q3 2023 were CNY 0.23, reflecting a growth of 38.50% compared to the previous year[6] - The company reported a net profit margin of approximately 1.9% for the first three quarters of 2023, compared to 4.2% in the same period of 2022[18] - Net profit for Q3 2023 reached CNY 432.70 million, slightly up from CNY 430.35 million in Q3 2022, indicating a growth of 0.55% year-over-year[19] - Operating profit for Q3 2023 was CNY 542.99 million, compared to CNY 524.57 million in the same period last year, reflecting an increase of 3.06%[19] - The total comprehensive income for Q3 2023 was CNY 432.39 million, down from CNY 446.61 million in Q3 2022, a decline of 3.17%[20] - Basic earnings per share for Q3 2023 were CNY 0.83, compared to CNY 1.04 in Q3 2022, reflecting a decrease of 20.19%[20] Assets and Liabilities - Total assets at the end of Q3 2023 reached CNY 12,458,089,989.12, an increase of 18.07% from the end of the previous year[6] - Shareholders' equity attributable to the parent company was CNY 5,300,237,589.20, up by 32.02% compared to the end of the previous year[6] - Current assets as of September 30, 2023, amounted to RMB 5,341,896,991.29, an increase of 42% from RMB 3,764,239,637.66 at the end of 2022[14] - Total assets reached RMB 12,458,089,989.12 as of September 30, 2023, compared to RMB 10,551,753,233.97 at the end of 2022, marking a growth of 18.1%[16] - Total liabilities as of September 30, 2023, were RMB 6,289,456,982.29, an increase from RMB 5,744,870,836.16 at the end of 2022[16] - Shareholders' equity totaled RMB 6,168,633,006.83 as of September 30, 2023, up from RMB 4,806,882,397.81 at the end of 2022, indicating a growth of 28.3%[16] Cash Flow - The company reported a net cash flow from operating activities of CNY 177,614,088.66 for the year-to-date period[6] - Cash flow from operating activities for the first three quarters of 2023 was CNY 177.61 million, a significant improvement from a negative cash flow of CNY 473.98 million in the same period last year[22] - The net cash flow from investment activities was -$767.51 million, compared to -$820.10 million in the previous period, indicating a slight improvement[23] - Cash inflow from financing activities totaled $2.36 billion, significantly higher than $1.34 billion in the prior period[23] - The net cash flow from financing activities was $435.83 million, up from $329.17 million year-over-year[23] - The company reported a cash and cash equivalents balance of $530.18 million at the end of the period, down from $651.29 million at the beginning[23] - The total cash outflow for investment activities was $962.04 million, compared to $2.26 billion in the previous period, showing a reduction in investment spending[23] Expenses and Investments - Total operating costs for the first three quarters of 2023 were RMB 27,065,642,905.49, down 9.3% from RMB 29,845,308,490.70 in the previous year[18] - Research and development expenses for Q3 2023 totaled CNY 534.36 million, down 4.06% from CNY 557.47 million in Q3 2022[19] - The company experienced a decrease in sales expenses to CNY 32.93 million in Q3 2023 from CNY 26.79 million in Q3 2022, representing a 22.83% increase[19] - The company received government subsidies amounting to CNY 16,686,809.02 during the reporting period, contributing to its financial performance[9] - The company received $1.28 billion from investment contributions, with $91.95 million coming from minority shareholders[23] - The cash outflow for debt repayment was $1.53 billion, compared to $636.55 million in the previous period, indicating increased debt servicing[23] Future Outlook - The company plans to continue focusing on market expansion and new product development to drive future growth[9]