JJE(SH:688280)2022-10-27 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥245,026,339.36, representing a year-on-year increase of 78.06%[5] - The net profit attributable to shareholders was -¥120,070,144.60, a decrease of 20.97% compared to the same period last year[5] - Total revenue for the first three quarters of 2022 reached ¥686,781,506.08, an increase from ¥477,994,109.69 in the same period of 2021, representing a growth of approximately 43.7%[26] - The company reported a net loss of ¥1,498,977,632.76 for the first three quarters of 2022, compared to a net loss of ¥1,196,990,718.64 in the same period of 2021[25] - In Q3 2022, the company reported a net loss of CNY 301,986,914.12, compared to a net loss of CNY 278,495,652.61 in Q3 2021, reflecting an increase in losses of approximately 8.4% year-over-year[27] - The total operating profit for Q3 2022 was CNY -304,417,904.15, compared to CNY -282,740,636.46 in the same period last year, indicating a worsening of approximately 7.5%[27] - The company reported a total comprehensive loss of CNY -305,310,991.90 for Q3 2022, compared to CNY -278,253,479.22 in Q3 2021, indicating a worsening of approximately 9.7%[28] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,219,152,056.87, reflecting a decrease of 4.71% from the end of the previous year[6] - Total assets as of September 30, 2022, were ¥3,219,152,056.87, compared to ¥3,378,332,888.88 at the end of 2021, reflecting a decrease of approximately 4.7%[25] - Total liabilities as of September 30, 2022, were ¥1,514,146,896.63, an increase from ¥1,368,937,468.28 in 2021, representing a growth of about 10.6%[25] - The company’s total equity as of September 30, 2022, was ¥1,705,005,160.24, down from ¥2,009,395,420.60 at the end of 2021, a decrease of about 14.9%[25] Cash Flow - The cash flow from operating activities showed a net outflow of -¥311.82, primarily due to increased cash payments for goods and other operating activities[10] - Cash flow from operating activities for the first nine months of 2022 was CNY -353,657,216.50, a significant decline from CNY -85,876,094.41 in the same period of 2021[31] - The company generated CNY 544,938,648.97 in cash from sales and services in the first nine months of 2022, up from CNY 479,460,543.51 in the same period of 2021, representing an increase of approximately 13.7%[31] - The company’s cash and cash equivalents as of September 30, 2022, were ¥1,172,547,029.13, down from ¥1,604,580,376.04 at the end of 2021, a decrease of about 27.0%[22] - The company’s cash and cash equivalents at the end of Q3 2022 stood at CNY 961,285,565.54, down from CNY 1,461,721,818.14 at the beginning of the period, indicating a decrease of approximately 34.3%[32] - The company’s cash inflow from financing activities in the first nine months of 2022 was CNY 238,788,212.58, down from CNY 314,246,749.04 in the same period of 2021, reflecting a decrease of approximately 23.9%[32] Research and Development - Research and development expenses totaled ¥50,985,971.55 for the quarter, an increase of 137.34% year-on-year[6] - The R&D expenditure accounted for 20.81% of operating revenue, an increase of 5.20 percentage points compared to the previous year[6] - Research and development expenses for the first three quarters of 2022 amounted to ¥134,907,470.62, compared to ¥99,431,589.12 in 2021, showing an increase of approximately 35.7%[26] Shareholder Information - The company has a total of 14,080 common shareholders at the end of the reporting period[13] - The largest shareholder, Heze Beixiang New Energy Technology Co., Ltd., holds 69,677,522 shares, representing 11.81% of total shares[13] - The company has a total of 19,182,150 shares held by the 10th largest shareholder, accounting for 3.25% of total shares[14] - The company has established relationships with several investment funds, collectively holding significant shares[14] Government Subsidies and Commitments - The company reported a total of 15,011,029.96 in government subsidies related to normal business operations during the reporting period[8] - The company received a government subsidy of RMB 100 million for project investments, with RMB 50 million already received in 2017[17] - The company committed to a minimum cumulative sales target of RMB 1 billion from 2022 to 2026 for a new project, with a minimum tax payment of RMB 50 million[19] - If the sales target of RMB 1 billion is not met, the company must return the received subsidy of RMB 50 million plus interest[19] - The company plans to install new project equipment by December 2022 and commence production by the end of December 2022[19] Performance Evaluation - The company is subject to performance evaluations by the government regarding the economic benefits of supported projects in 2027[20]