Jalon(SH:688357)2023-10-19 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥301,764,063.12, representing a year-on-year increase of 41.30%[5] - The net profit attributable to shareholders for Q3 2023 was ¥61,011,315.71, with a year-on-year growth of 13.81%[5] - The net profit excluding non-recurring gains and losses for Q3 2023 was ¥54,884,380.89, up 48.69% compared to the same period last year[6] - For the first three quarters of 2023, the company reported total operating revenue of approximately CNY 800 million, up 29.48% year-on-year[16] - The net profit for the first three quarters was approximately CNY 136 million, reflecting a slight increase of 0.56% year-on-year[16] - Net profit attributable to shareholders for Q3 2023 was ¥136,024,162.58, slightly up from ¥135,272,625.60 in Q3 2022, reflecting a 0.6% increase[26] Assets and Liabilities - The total assets at the end of the reporting period reached ¥3,007,284,014.28, reflecting a 37.57% increase from the end of the previous year[6] - Total assets as of Q3 2023 amounted to ¥3,007,284,014.28, compared to ¥2,186,059,741.22 in Q3 2022, indicating a growth of 37.5%[22] - Total liabilities reached ¥1,250,832,157.63 in Q3 2023, an increase from ¥636,634,383.38 in the previous year, representing a 96.3% rise[22] - The total equity attributable to shareholders increased to ¥1,756,451,856.65 in Q3 2023, from ¥1,549,425,357.84 in Q3 2022, marking a growth of 13.4%[22] Research and Development - The company's R&D expenditure for Q3 2023 was ¥13,047,783.75, accounting for 4.32% of operating revenue, a decrease of 0.71 percentage points year-on-year[6] - Research and development expenses for Q3 2023 were ¥36,402,449.00, up 26.7% from ¥28,740,413.54 in Q3 2022[25] - The company’s R&D investments and optimized production processes contributed to enhanced profitability, with a net profit excluding non-recurring items of approximately CNY 54.88 million in Q3 2023, a growth of 48.69% year-on-year[16] Earnings Per Share - The basic earnings per share for Q3 2023 was ¥0.73, down 19.78% compared to the same period last year[6] - The diluted earnings per share for the year-to-date period was ¥1.53, a decrease of 33.48% due to potential dilution from convertible bonds[11] - Basic earnings per share for Q3 2023 were CNY 1.63, down from CNY 2.30 in Q3 2022[27] - Diluted earnings per share for Q3 2023 were CNY 1.53, compared to CNY 2.30 in Q3 2022[27] Cash Flow - The company’s cash and cash equivalents decreased to CNY 138.42 million as of September 30, 2023, from CNY 197.61 million at the end of 2022[20] - Cash inflow from operating activities for the first three quarters of 2023 was CNY 523,261,737.56, an increase from CNY 456,283,729.84 in the same period of 2022[27] - Net cash flow from operating activities for the first three quarters of 2023 was CNY -117,155,700.53, worsening from CNY -15,399,229.33 in the first three quarters of 2022[27] - Cash inflow from investment activities for the first three quarters of 2023 was CNY 2,463,879,822.93, down from CNY 3,252,055,198.28 in the same period of 2022[28] - Net cash flow from investment activities for the first three quarters of 2023 was CNY -624,949,331.44, compared to CNY -116,428,289.62 in the first three quarters of 2022[28] - Cash inflow from financing activities for the first three quarters of 2023 was CNY 745,637,143.39, compared to CNY 213,920,687.72 in the same period of 2022[28] - Net cash flow from financing activities for the first three quarters of 2023 was CNY 683,727,058.36, an increase from CNY 119,508,311.47 in the first three quarters of 2022[28] Market Position and Strategy - The company attributed the increase in operating revenue to improved demand from downstream industrial customers and enhanced order execution efficiency[11] - The company reported a significant improvement in the external operating environment, contributing to steady growth in main business revenue[11] - The company’s international strategy showed success, with revenue from its Thailand subsidiary increasing by 89.75% year-on-year[17] - The company successfully supplied molecular sieves for major projects, including the second-largest RNG project globally, further solidifying its market position[17] Profitability Metrics - The company reported a gross profit margin of approximately 18.3% for the first three quarters of 2023, compared to 19.9% in the same period of 2022[24] - The weighted average return on equity was 3.53%, a decrease of 0.19 percentage points year-on-year[6] - The company’s financial expenses showed a decrease, with a net financial cost of -¥5,944,356.70 in Q3 2023, compared to -¥7,472,351.33 in Q3 2022[25] - The comprehensive income total for Q3 2023 was ¥131,316,252.08, slightly up from ¥131,214,409.68 in Q3 2022[26]