JOINTAS(SZ:002909)2023-10-30 16:00Financial Performance - The company's revenue for Q3 2023 was CNY 364,978,506.36, a decrease of 4.13% compared to the same period last year[4]. - Net profit attributable to shareholders was CNY 6,429,921.67, an increase of 15.15% year-on-year, while the net profit excluding non-recurring items rose by 42.93% to CNY 5,435,709.51[4]. - Basic earnings per share for Q3 2023 was CNY 0.0173, reflecting a 15.33% increase compared to the previous year[4]. - The net profit for Q3 2023 was CNY 16,862,449.17, a significant increase of 145.5% compared to CNY 6,866,410.81 in Q3 2022[32]. - The total profit amounted to CNY 18,405,635.98, up 97.4% from CNY 9,325,381.42 in the same period last year[32]. - The operating profit reached CNY 20,005,764.25, representing a 112.5% increase from CNY 9,413,392.33 in Q3 2022[32]. - Basic and diluted earnings per share were both CNY 0.0454, compared to CNY 0.019 in the previous year, marking a 138.9% increase[34]. Cash Flow - The operating cash flow for the year-to-date period increased significantly by 241.09% to CNY 54,040,238.04[4]. - Cash flow from operating activities generated a net amount of CNY 54,040,238.04, a turnaround from a negative cash flow of CNY -38,300,856.73 in Q3 2022[35]. - Cash inflow from operating activities totaled CNY 871,413,587.45, compared to CNY 857,504,648.29 in the same period last year[35]. - The company reported a cash outflow of CNY 817,373,349.41 from operating activities, down from CNY 895,805,505.02 in Q3 2022[35]. - Financing activities generated a net cash inflow of CNY 105,704,115.55, an increase from CNY 14,801,868.09 in Q3 2022[35]. - The ending balance of cash and cash equivalents was CNY 154,390,084.09, slightly up from CNY 153,452,634.40 at the end of Q3 2022[35]. Assets and Liabilities - Total assets at the end of Q3 2023 reached CNY 2,035,152,773.47, marking a 7.69% increase from the end of the previous year[4]. - The company's total assets increased to CNY 2,035,152,773.47 from CNY 1,889,793,994.42, representing an increase of 7.7%[28]. - Current assets totaled CNY 920,053,008.69, slightly up from CNY 919,334,763.94, showing a marginal increase of 0.1%[26]. - Non-current assets rose significantly to CNY 1,115,099,764.78 from CNY 970,459,230.48, marking an increase of 14.9%[26]. - The company's total liabilities reached CNY 1,177,211,424.36, up from CNY 1,035,171,235.74, indicating a rise of 13.7%[28]. - Short-term borrowings increased to CNY 473,797,717.36 from CNY 439,791,635.40, reflecting an increase of 7.7%[26]. - The equity attributable to shareholders increased to CNY 857,657,726.36 from CNY 854,319,141.81, a slight increase of 0.3%[28]. Investments and Financing - The company reported a significant increase in long-term borrowings by 900.86% to CNY 53,495,938.39, attributed to project financing[9]. - The company’s investment income rose by 121.32% to CNY 680,990.61, mainly due to increased dividends from its investment in Grelly[9]. - The cash flow from financing activities surged by 614.13% to CNY 105,704,115.55, primarily due to increased cash received from borrowings[9]. - The company plans to invest approximately RMB 300 million in a high-end new materials manufacturing base project to expand into the new energy vehicle and LED driver power supply markets[16]. - The company approved a guarantee of up to RMB 100 million for certain distributors to support their bank credit applications[18]. - The actual controller provided a free guarantee for the company's comprehensive credit application, with a limit of RMB 180 million[19]. - The company plans to apply for a credit line of RMB 19 million from a leasing company, secured by its own assets[20]. Research and Development - Research and development expenses were CNY 47,474,190.22, up from CNY 44,645,047.40, showing an increase of 6.2%[30]. - The company established a joint advanced materials research center with Wuhan University to enhance R&D capabilities[17]. Stock and Shareholder Information - The second phase of the employee stock ownership plan had a lock-up period that ended on July 6, 2023, with 50% of the shares being unlocked, totaling 749,990 shares, which is 0.20% of the total share capital[22].