JJIT(SH:900929)2023-10-30 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥164,180,095.13, representing a 204.68% increase compared to the same period last year[3]. - The net profit attributable to shareholders for the first nine months of 2023 was ¥28,106,114.41, while the net profit for Q3 was a loss of ¥4,354,304.22[3]. - The company's operating revenue for the current period reached CNY 391,885,715.33, a significant increase of 260.82% compared to CNY 108,610,204.74 in the same period last year, primarily driven by the recovery of the tourism business[18]. - Total revenue for the first three quarters of 2023 reached ¥391,885,715.33, a significant increase from ¥108,610,204.74 in the same period of 2022, representing a growth of approximately 261%[32]. - Operating profit for the third quarter of 2023 was ¥27,564,166.76, a recovery from a loss of ¥17,726,528.04 in the same quarter of 2022[33]. - The net profit for Q3 2023 was ¥27,544,023.91, a significant improvement compared to a net loss of ¥18,120,670.61 in the same period last year[34]. - The total comprehensive income attributable to the parent company was ¥113,141,080.45, compared to a loss of ¥11,658,884.89 in Q3 2022[35]. - Basic earnings per share for Q3 2023 were ¥0.2120, recovering from a loss of ¥0.1085 per share in the previous year[35]. - The total comprehensive income for the first nine months of 2023 was ¥112,578,989.95, compared to a loss of ¥15,396,242.49 in the same period last year[34]. Assets and Liabilities - Total assets increased by 24.12% from the end of the previous year, reaching ¥1,218,504,441.23[5]. - Total assets as of September 30, 2023, amounted to ¥1,218,504,441.23, up from ¥981,726,522.32 at the end of 2022, reflecting an increase of approximately 24%[30]. - Current assets totaled ¥347,078,326.09 as of September 30, 2023, compared to ¥217,889,330.27 at the end of 2022, marking a growth of about 59%[29]. - Non-current assets increased to ¥871,426,115.14 from ¥763,837,192.05, representing a rise of approximately 14%[29]. - Total liabilities as of September 30, 2023, were ¥414,627,906.66, compared to ¥289,766,196.35 at the end of 2022, indicating an increase of about 43%[30]. Cash Flow - The cash flow from operating activities for the first nine months of 2023 was a negative ¥64,151,474.32[3]. - Cash inflows from operating activities for the first nine months of 2023 reached ¥465,638,394.96, a substantial increase from ¥123,980,659.78 in the same period of 2022[36]. - The net cash flow from operating activities was -¥64,151,474.32, slightly worse than -¥58,420,102.86 in the previous year[36]. - Investment activities generated a net cash flow of ¥38,451,444.66, up from ¥36,690,831.72 in the same period last year[36]. - The cash and cash equivalents at the end of Q3 2023 were ¥104,095,725.01, down from ¥166,889,617.81 at the end of Q3 2022[36]. - The company's cash and cash equivalents decreased to ¥108,868,095.96 from ¥134,792,070.70, a decline of approximately 19%[28]. Tourism and Business Recovery - The revenue from domestic tourism for the first nine months of 2023 was ¥116,287,404.70, a 525.48% increase year-on-year[7]. - The total revenue from tourism and related businesses amounted to ¥346,644,073.63, marking a 316.74% increase compared to the previous year[7]. - The company reported a significant increase in accounts receivable, which rose by 39.69% to ¥90,388,597.85, attributed to the recovery of the tourism business[15]. - Prepayments surged by 799.49% to ¥128,939,809.40, reflecting increased supplier payments due to business recovery[15]. - Operating costs rose to CNY 340,366,942.56, reflecting an increase of 281.02% from CNY 89,329,856.38 year-on-year, also attributed to the recovery in tourism[18]. - The gross profit margin for tourism and related businesses decreased by 0.94 percentage points to 8.57% compared to the previous year[10]. - The company plans to continue expanding its market presence and enhancing its service offerings in response to the recovery in tourism demand[6]. Other Financial Metrics - The company reported a significant increase in other income, which rose by 171.68% to CNY 3,391,196.72 from CNY 1,248,245.74, primarily due to increased government subsidies[18]. - The financial expenses for the current period were CNY 533,449.49, a substantial increase from a negative CNY 1,837,226.54 in the previous year, mainly due to reduced interest income[18]. - Other comprehensive income increased by CNY 85,034,966.04, reaching CNY 79,247,870.60, compared to a loss of CNY 5,787,095.44 in the previous period, driven by changes in the fair value of other equity investments[17]. - The company reported other comprehensive income after tax of ¥85,034,966.04, a significant increase from ¥2,724,428.12 in the previous year[34]. - The income tax expense decreased significantly by 93.56% to CNY 22,730.98 from CNY 353,017.03, as there were no prior year adjustments impacting the current period[19]. - Deferred tax assets decreased to CNY 0.00 from CNY 6,279,848.38, a reduction of CNY 6,279,848.38, mainly due to the offsetting of deferred tax liabilities against the increase in the fair value of other equity investments[16]. - Accounts payable increased by 75.65% to CNY 87,340,508.70 from CNY 49,723,505.32, driven by the improved recovery of the tourism business and increased payments to suppliers[16]. - Contract liabilities surged by 94.61% to CNY 161,717,583.07 from CNY 83,099,471.38, reflecting an increase in customer prepayments due to the recovery in tourism[16]. - The company has signed new office lease contracts, resulting in a new lease liability of CNY 6,446,497.29[17]. Accounting Standards - The company did not apply new accounting standards for the current year[37].