Jinggong Technology(002006)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 was ¥300,775,930.17, a decrease of 40.83% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥45,536,184.29, down 25.35% year-on-year[5]. - The basic earnings per share for the period was ¥0.10, reflecting a decline of 23.04% compared to the previous year[5]. - The company's total revenue for the current period is 1.12 billion CNY, down from 1.31 billion CNY in the previous period, representing a decrease of approximately 14.4%[46]. - The net profit for Q3 2023 was CNY 142,833,463.03, a decrease of 11.36% compared to CNY 161,136,821.22 in Q3 2022[48]. - The total comprehensive income for the period was CNY 142,833,463.03, compared to CNY 161,136,821.22 in Q3 2022, reflecting a decrease of 11.36%[49]. - The company's net profit margin is impacted by a reduction in sales and an increase in operating costs, indicating a need for strategic adjustments[46]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,282,835,038.00, a decrease of 11.78% from the end of the previous year[5]. - The total current assets decreased from 2.15 billion CNY at the beginning of the year to 1.76 billion CNY as of September 30, 2023, a decline of approximately 17.5%[44]. - The total liabilities decreased from 1.21 billion CNY at the beginning of the year to 927.98 million CNY, a reduction of approximately 23.5%[45]. Cash Flow - Cash flow from operating activities for the year-to-date was ¥101,365,249.45, down 47.53% compared to the same period last year[5]. - The net cash flow from operating activities was CNY 101,365,249.45, significantly lower than CNY 193,182,367.00 in the previous year, indicating a decrease of 47.5%[50]. - Investment activities resulted in a net cash outflow of CNY 11,379,277.74, an improvement from a net outflow of CNY 48,396,900.81 in Q3 2022[51]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 32,136[10]. - The largest shareholder, Zhongjianxin (Zhejiang) Venture Capital Co., Ltd., held 29.99% of the shares, with 109,180,000 shares pledged[10]. - The top ten unrestricted shareholders hold a total of 136,502,400 shares, representing a significant portion of the company's equity[11]. - The controlling shareholder pledged 10,918 million shares, representing 23.99% of the company's total share capital[31]. Corporate Actions and Changes - The restructuring plan for the company was approved by the court on November 28, 2022, allowing the new controlling shareholder, Zhongjianxin Zhejiang Company, to acquire 29.99% of the company's shares[13]. - The company changed its name from "Zhejiang Jinggong Technology Co., Ltd." to "Zhejiang Jinggong Integrated Technology Co., Ltd." on March 31, 2023[30]. - The company approved a profit distribution plan for 2022, distributing 2.00 RMB per 10 shares, totaling 91.032 million RMB in cash dividends[33]. - The company plans to issue up to 136,548,000 shares to specific investors, aiming to raise no more than 194,997.37 million RMB for projects related to carbon fiber and working capital[34]. - The fundraising target was later adjusted to a maximum of 147,142.37 million RMB due to changes in the financial investment plan[35]. Operational Developments - The company is actively pursuing market expansion and new technology development in the carbon fiber sector[15]. - The company signed two contracts with Jilin Guoxing Carbon Fiber Co., Ltd. for carbonization line equipment, totaling 650 million CNY (including tax), and has completed the delivery of all production lines, receiving 394.11 million CNY in payments[17]. - The company signed a contract with Jilin Chemical Fiber Co., Ltd. for carbonization line equipment, totaling 680 million CNY (including tax), with confirmed revenue of 601.77 million CNY (including tax) as of March 2023[19]. - The company won a bid for a project with Zhejiang Baojing Carbon Materials Co., Ltd., with a contract amount of 16.78 million CNY (including tax) for a carbon fiber production line, and has confirmed revenue of 133.65 million CNY from January to September 2023[21]. - The company initiated a plan to acquire minority shareholder rights in its subsidiary Zhejiang Jinggong Robot Intelligent Equipment Co., Ltd., completing the acquisition of 40% equity for 12 million CNY in June 2023, resulting in 100% ownership[23]. - The company established a wholly-owned subsidiary, Zhejiang Jinggong Intelligent Construction Machinery Co., Ltd., with an investment of 50 million CNY to optimize asset structure and enhance operational efficiency[24]. - The company established another wholly-owned subsidiary, Zhejiang Jinggong Intelligent Textile Machinery Co., Ltd., with an investment of 50 million CNY to further integrate internal resources[26]. - The company approved the dissolution of its subsidiary Zhejiang Jingyuan Electric Motor Co., Ltd. to streamline organizational structure and reduce management costs, completing the deregistration process by March 2023[27]. Research and Development - Research and development expenses for the current period were 66.38 million CNY, down from 81.39 million CNY in the previous period, a decrease of approximately 18.4%[46]. Stock and Share Repurchase - The company plans to repurchase up to 7.5 million shares, representing 1.65% of the total issued shares, at a price not exceeding 25.00 CNY per share, with a total repurchase fund range of 125 million to 187.5 million CNY[38]. - As of October 11, 2023, the company has repurchased 4,756,650 shares, accounting for 1.05% of the total shares, with a total transaction amount of 80,745,176.01 CNY[38].