JXPCB(SH:688655)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 119,557,706.45, representing an increase of 11.53% compared to the same period last year[5]. - The net profit attributable to shareholders decreased by 92.90% in Q3 2023, amounting to CNY 1,578,734.77, and decreased by 75.50% year-to-date[5][10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses fell by 98.51% in Q3 2023, totaling CNY 234,206.61[5][10]. - Basic and diluted earnings per share for Q3 2023 were both CNY 0.01, reflecting a decrease of 94.12% compared to the previous year[6][10]. - For the first nine months of 2023, the company reported operating revenue of CNY 337.62 million, up 2.03% year-on-year, with net profit attributable to shareholders decreasing by 75.50% to CNY 10.44 million[14]. - Net profit for the third quarter was ¥10,444,840.41, a decrease of 75.5% compared to ¥42,624,215.04 in the same quarter of 2022[24]. - The net profit for the first three quarters of 2023 was CNY 12,049,060.21, a decrease of 66.7% from CNY 36,161,554.89 in the first three quarters of 2022[34]. Research and Development - The total R&D investment for Q3 2023 was CNY 8,076,329.80, which accounted for 6.76% of operating revenue, an increase of 0.18 percentage points[6]. - The company has made significant progress in R&D, with 18 new intellectual property rights obtained in 2023, including 7 invention patents and 8 utility model patents[16]. - Research and development expenses for the first three quarters of 2023 were CNY 11,410,654.11, a decrease of 12.1% from CNY 12,984,865.70 in the same period of 2022[33]. Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period decreased by 43.23%, amounting to CNY 35,443,174.54[6][10]. - Cash inflow from operating activities for the first three quarters of 2023 was CNY 300,380,412.64, a decrease of 22.3% compared to CNY 386,577,457.86 in the same period of 2022[28]. - Net cash flow from operating activities for Q3 2023 was CNY 35,443,174.54, down 43.2% from CNY 62,436,491.92 in Q3 2022[28]. - The company's cash and cash equivalents decreased to CNY 203.24 million from CNY 219.43 million at the end of 2022[20]. - The company's cash and cash equivalents at the end of Q3 2023 were CNY 194,144,355.99, down from CNY 156,859,090.00 at the end of Q3 2022[29]. - The cash flow from financing activities generated a net inflow of CNY 25,538,740.28 in 2023, compared to a net outflow of CNY 18,857,810.49 in the same period of 2022[36]. Assets and Liabilities - The total assets at the end of Q3 2023 were CNY 1,048,451,032.40, showing a slight increase of 0.23% from the end of the previous year[6]. - As of September 30, 2023, the company's total current assets were CNY 456.21 million, down from CNY 537.01 million at the end of 2022[20]. - The total assets as of September 30, 2023, amounted to CNY 737,250,032.96, an increase from CNY 709,834,609.27 at the end of 2022[32]. - The total liabilities as of September 30, 2023, were CNY 139,113,626.57, compared to CNY 119,614,321.77 at the end of 2022, indicating an increase in leverage[32]. - Total liabilities decreased to ¥357,602,974.25 from ¥361,555,367.79 in the previous quarter[22]. Strategic Initiatives - The company has launched the first phase of its "600,000 square meters intelligent factory project," which is expected to enhance production capacity to 50,000 square meters per month[15]. - The company is focusing on expanding into overseas markets, particularly in Japan, South Korea, Europe, and the United States, to increase the share of large customer orders[15]. - The company implemented an equity incentive plan in April 2023 to attract and retain talent, which has impacted financial results due to related share-based payment expenses[15]. - The company has filed for the issuance of convertible bonds to raise up to CNY 340 million, primarily for the Zhuhai Xunji Technology smart sample production base project and to supplement working capital[17]. - The new production base project is expected to add 180,000 square meters of sample production capacity, enhancing the company's competitive position in the PCB sample market[17]. Other Financial Metrics - The company's weighted average return on equity for Q3 2023 was 0.23%, a decrease of 3.09 percentage points compared to the same period last year[6]. - The company reported a financial income of ¥2,321,758.55, up from ¥247,803.30 in the previous year, indicating improved financial management[24]. - The company reported a significant increase in other income, which amounted to CNY 927,783.70, compared to CNY 7,306,527.00 in the previous year[33]. - The financial expenses showed a notable improvement, with a net income of CNY -4,715,754.10 compared to CNY -9,132,205.27 in the same period of 2022[33].