JCF(SZ:000420)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,169,127,272.86, representing a 24.39% increase year-over-year[7] - The net profit attributable to shareholders for Q3 2022 was ¥6,198,969.11, a significant increase of 115.72% compared to the same period last year[7] - The company's basic earnings per share for Q3 2022 was ¥0.0026, reflecting a 114.42% increase year-over-year[7] - Net profit for the current period was a loss of ¥83,702,929.67, compared to a profit of ¥1,138,099.20 in the previous period[29] - The company reported a comprehensive income total of ¥190,800,500.64, compared to ¥1,138,099.20 in the previous period[31] - Basic and diluted earnings per share were both reported at -0.0396, compared to 0.0006 in the previous period[31] Assets and Liabilities - The total assets at the end of Q3 2022 reached ¥9,872,109,902.60, marking a 12.53% increase from the end of the previous year[7] - The total liabilities decreased to RMB 4,685,678,787.01 from RMB 5,200,168,515.85, showing a reduction of approximately 9.9%[22] - The company's total liabilities amounted to ¥5,541,758,971.89, a decrease from ¥5,814,730,639.99[25] - The total equity attributable to shareholders of the parent company increased to ¥4,330,512,441.64 from ¥2,962,765,800.86, marking a growth of 46.1%[25] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥10,000,863.54, a decrease of 86.37% year-over-year[7] - Cash flow from operating activities was ¥2,178,561,079.67, compared to ¥1,726,871,824.10 in the previous period, indicating an increase of 26.0%[32] - Net cash flow from operating activities was $10,000,863.54, a decrease of 86.4% compared to $73,364,704.74 in the previous period[35] - Cash inflow from financing activities amounted to $3,769,287,662.01, compared to $2,219,913,429.83 in the previous period, reflecting a 69.8% increase[35] - The company reported a net cash increase of $718,635,228.59, compared to $231,788,057.55 in the prior period, indicating improved liquidity[35] Investments and Expenses - The company’s R&D expenses rose by 35.88% to ¥5,328,311.79, driven by increased spending in its subsidiary[11] - Research and development expenses rose to ¥5,328,311.79, up from ¥3,921,428.50, reflecting a growth of 35.9%[26] - The long-term equity investments increased by 367.68% to ¥852,977,526.77 following the acquisition of additional shares in a subsidiary[11] - The long-term equity investments rose to RMB 852,977,526.77 from RMB 182,383,747.85, reflecting an increase of approximately 367.5%[22] Market and Future Plans - The company plans to continue expanding its market presence and investing in new technologies to enhance production efficiency and product offerings[24] - Jilin Chemical Fiber Co., Ltd. reported a significant increase in shareholder equity due to the successful capital raise and improved financial performance[24] Inventory and Receivables - The company reported a 118.34% increase in accounts receivable, totaling ¥966,981,531.96, due to increased export sales to India[11] - Accounts receivable increased significantly to RMB 966,981,531.96 from RMB 442,882,043.50, marking a rise of about 118.5%[19] - Inventory levels decreased to RMB 384,668,358.98 from RMB 794,795,888.87, indicating a reduction of about 51.6%[22] Other Financial Metrics - The company received government subsidies amounting to ¥3,750,999.33 during the reporting period[8] - The financial expenses decreased to ¥146,558,962.18 from ¥204,519,989.55, a reduction of 28.3%[29] - The impact of exchange rate changes on cash and cash equivalents was $5,090,915.06, contrasting with a negative impact of $2,087,121.87 in the previous period[35] - The third quarter report was not audited, which may affect investor confidence in the reported figures[36]