JEE(SH:688162)2023-10-27 16:00Financial Performance - The company reported a revenue of ¥862,048,876.36 for Q3 2023, representing a year-over-year increase of 16.10%[5] - The net profit attributable to shareholders was a loss of ¥108,403,880.56, a decline of 413.86% compared to the same period last year[5] - The basic earnings per share for Q3 2023 was -¥0.79, reflecting a decrease of 416.00% year-over-year[6] - Net profit for Q3 2023 was a loss of ¥88,044,263.68, a significant decline from a profit of ¥97,181,125.67 in Q3 2022[23] - The company's operating profit for Q3 2023 was reported at -¥97,875,643.52, contrasting with an operating profit of ¥92,609,374.58 in Q3 2022[23] - The company reported a total comprehensive income of -¥87,025,833.25 for Q3 2023, contrasting with a total comprehensive income of ¥96,951,608.20 in Q3 2022[24] - The company's total profit for the first three quarters of 2023 was CNY 2,742,330.08, a significant decline from CNY 130,150,542.51 in the same period of 2022[30] Research and Development - Research and development expenses totaled ¥74,561,363.79, which is an increase of 28.76% compared to the same quarter last year, accounting for 8.65% of revenue[6] - Research and development expenses for Q3 2023 amounted to ¥206,012,635.35, up from ¥163,107,653.42 in Q3 2022, reflecting an increase of approximately 26.3%[23] - Research and development expenses increased to CNY 114,233,452.93, up from CNY 95,742,855.75 year-over-year, reflecting a focus on innovation[29] Assets and Liabilities - The total assets at the end of the reporting period were ¥6,931,715,497.66, a decrease of 6.00% from the end of the previous year[6] - The company's total current assets amounted to approximately ¥5.83 billion, a decrease from ¥6.61 billion at the end of 2022, reflecting a decline of about 11.7%[18] - The company's cash and cash equivalents decreased to approximately ¥713.49 million from ¥1.66 billion, representing a decline of about 57.1%[18] - The company's total liabilities and equity figures were not provided in the extracted data, indicating a need for further financial analysis[18] - Total liabilities for Q3 2023 were reported at ¥4,478,144,705.50, down from ¥4,811,596,627.09 in the previous period[20] - The total liabilities and shareholders' equity amounted to CNY 6,080,647,264.58, down from CNY 6,359,567,316.14 in the previous year[29] Cash Flow - The net cash flow from operating activities was not applicable for this period, mainly due to increased payments for notes payable and salary expenses[10] - The net cash flow from operating activities for the first three quarters of 2023 was -¥770.75 million, compared to -¥71.43 million in the same period of 2022, indicating a significant decline[26] - The company's net cash flow from operating activities for Q3 2023 was significantly negative at -¥770.75 million, reflecting ongoing operational challenges[26] - The company generated CNY 315,199,285.60 in cash inflows from financing activities, compared to CNY 30,538,534.09 in the previous year[33] Shareholder Information - The top shareholder, Liu Lei, holds 43.69% of the company's shares, while the second-largest shareholder, Hefei University of Technology Asset Management Co., holds 5.50%[14] - The company reported a total of 6,555 common shareholders at the end of the reporting period[13] Business Operations - Revenue from the intelligent equipment business reached ¥66,341,890.00, up 43.23% year-over-year, while revenue from the new energy vehicle motor and control components business fell by 28.88% to ¥19,863,000.00[10] - The company plans to continue focusing on R&D and expanding its intelligent equipment business despite the challenges faced in the new energy vehicle sector[11] - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[15] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[34] Inventory and Receivables - Accounts receivable increased to approximately ¥838.32 million, up from ¥775.93 million, indicating a growth of about 8.0%[18] - The company's inventory stood at approximately ¥3.39 billion, slightly down from ¥3.43 billion, a decrease of about 1.0%[18] - The company's inventory as of September 30, 2023, was approximately ¥2.94 billion, down from ¥3.07 billion at the end of 2022, indicating a reduction in stock levels[28]