JCF(SZ:000420)2023-10-27 16:00Financial Performance - The company's revenue for Q3 2023 was ¥1,033,247,951.68, a decrease of 11.62% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥5,792,649.58, down 6.55% year-on-year, while net profit after deducting non-recurring gains and losses was ¥4,115,851.63, a decrease of 20.28%[5]. - Total operating revenue for Q3 2023 was CNY 2,756,399,041.84, a decrease of 9.05% compared to CNY 3,031,760,664.84 in the same period last year[19]. - Total operating costs for Q3 2023 were CNY 2,690,041,181.31, down 12.25% from CNY 3,065,793,518.99 year-on-year[19]. - Net profit for Q3 2023 reached CNY 54,481,979.44, a significant recovery from a net loss of CNY 83,702,929.67 in Q3 2022[20]. - The total comprehensive income for Q3 2023 was CNY 54,481,979.44, down from CNY 190,800,500.64 in Q3 2022[21]. - Basic earnings per share for Q3 2023 were CNY 0.0222, compared to a loss per share of CNY 0.0396 in Q3 2022[21]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,850,418,697.89, reflecting a 3.20% increase from the end of the previous year[5]. - Total liabilities increased to CNY 6,465,381,441.35 in Q3 2023, compared to CNY 6,183,627,073.60 in the same period last year[17]. - The company's total assets as of the end of Q3 2023 amounted to CNY 10,850,418,697.89, an increase from CNY 10,514,182,350.70 at the end of Q3 2022[17]. - The company's equity attributable to shareholders was CNY 4,385,037,256.54, up from CNY 4,330,555,277.10 year-on-year[17]. Cash Flow - The operating cash flow net amount for the year-to-date period reached ¥81,191,182.27, an increase of 711.84%[5]. - Total cash inflow from operating activities was ¥2,144,994,521.46, slightly down from ¥2,178,561,079.67 year-on-year[22]. - Cash outflow from operating activities decreased to ¥2,063,803,339.19 from ¥2,168,560,216.13, indicating better cost management[22]. - Net cash flow from investment activities was -¥490,121,156.43, worsening from -¥441,555,471.86, primarily due to increased capital expenditures[24]. - Cash inflow from financing activities totaled ¥2,669,803,916.00, down from ¥3,769,287,662.01, indicating a reduction in external financing[24]. - Net cash flow from financing activities was ¥440,393,806.88, a decrease from ¥1,145,098,921.85, reflecting tighter cash management[24]. - The ending cash and cash equivalents balance was ¥392,314,511.17, down from ¥786,073,371.47, showing a significant reduction in liquidity[24]. - The company received ¥135,811,196.27 in tax refunds, a notable increase from ¥45,569,105.19 in the previous period, enhancing cash flow[22]. - Cash paid to employees increased to ¥418,198,980.83 from ¥332,684,206.26, indicating higher labor costs[22]. - Cash outflow for other operating activities was ¥63,191,594.68, slightly up from ¥61,978,706.17, reflecting stable operational expenses[22]. Accounts Receivable and Inventory - Accounts receivable increased by 49.72% to ¥1,117,922,138.06 due to longer collection periods for export sales and new carbon fiber receivables[10]. - Inventory rose by 67.94% to ¥765,622,334.63, driven by increased raw materials and finished goods for the new carbon fiber production project[10]. - Accounts receivable increased significantly to CNY 1,117,922,138.06 from CNY 746,692,493.06, reflecting a rise of about 49.7%[15]. - Inventory levels rose to CNY 765,622,334.63, up from CNY 455,877,777.40, indicating an increase of approximately 77.5%[15]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 64,276[12]. - The largest shareholder, Jilin Chemical Fiber Group, holds 12.94% of shares, with 158,000,000 shares pledged[12]. - Shanghai Fangda Investment holds 7.95% of shares, totaling 195,570,848 shares[12]. Research and Development - Research and development expenses for Q3 2023 were CNY 3,624,187.91, a decrease from CNY 5,328,311.79 in the previous year[19]. - The company has not disclosed any new product or technology developments in the current report[14]. Market and Future Outlook - There is no mention of market expansion or mergers and acquisitions in the current financial report[14]. - The report does not provide specific future outlook or performance guidance for the upcoming quarters[14].