JMC(SZ:200550)2023-10-24 16:00Financial Performance - Total revenue for Q3 2023 reached ¥8,078,772,861, an increase of 3.46% year-on-year, while revenue for the first three quarters was ¥23,508,145,170, up 6.70% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2023 was ¥280,065,212, reflecting a 5.76% increase year-on-year, and for the first three quarters, it was ¥1,009,452,769, a significant rise of 40.75%[4] - The net profit after deducting non-recurring gains and losses for Q3 2023 surged by 513.45% year-on-year to ¥239,772,243, with a year-to-date total of ¥657,501,454, marking an increase of 1,048.11%[4] - Total operating revenue for the period reached CNY 23.51 billion, an increase of 6.7% from CNY 22.03 billion in the previous period[32] - Net profit attributable to shareholders of the parent company was CNY 1.01 billion, up 40.7% from CNY 717.18 million year-on-year[35] - Operating profit decreased to CNY 539.26 million, down 26.3% from CNY 731.96 million in the previous period[32] - Total comprehensive income for the period was CNY 672.34 million, slightly down from CNY 679.14 million in the previous period[35] - Basic and diluted earnings per share increased to CNY 1.17, compared to CNY 0.83 in the previous period[35] Cash Flow and Liquidity - The net cash flow from operating activities for the first three quarters was ¥2,415,587,984, showing a remarkable increase of 208.67% compared to the previous year[4] - The net increase in cash and cash equivalents for the first three quarters was ¥17.86 billion, reflecting a substantial growth of 283.04% year-on-year[10] - Cash flow from operating activities generated CNY 27.13 billion, an increase of 16.1% compared to CNY 23.35 billion last year[38] - Cash and cash equivalents at the end of the period totaled CNY 9.70 billion, up from CNY 8.94 billion at the end of the previous period[41] - The company reported a net cash outflow from investing activities of CNY 894.83 million, compared to a net inflow of CNY 319.99 million in the previous period[40] - The company experienced a net cash outflow from financing activities of CNY 365.56 million, contrasting with a net inflow of CNY 1.27 billion in the previous period[41] Assets and Liabilities - Total assets at the end of Q3 2023 amounted to ¥27,997,951,346, a 1.93% increase from the end of the previous year[7] - As of September 30, 2023, the total assets of Jiangling Motors Corporation amounted to CNY 27,997,951,346, an increase from CNY 27,468,321,835 at the end of 2022, representing a growth of approximately 1.92%[26] - Total current liabilities increased to CNY 17,738,526,271 from CNY 17,509,275,472, reflecting a rise of approximately 1.31%[29] - The total liabilities increased to CNY 18,392,615,221 from CNY 18,227,675,051, reflecting a rise of approximately 0.91%[29] - The total equity attributable to the parent company increased to CNY 9,896,617,917 from CNY 9,243,817,333, marking a growth of around 7.06%[29] - The company has maintained a stable capital structure with total equity of CNY 9,605,336,125, up from CNY 9,240,646,784, representing an increase of about 3.94%[29] Inventory and Sales - The company sold 221,096 vehicles in the first three quarters of 2023, representing a 6.46% increase year-on-year, including 46,139 trucks and 80,333 SUVs[10] - The inventory decreased to CNY 1,624,047,748 from CNY 2,129,040,820, a reduction of approximately 23.73%[26] Expenses - The company reported a significant decrease in financial expenses by 34.41% year-on-year, attributed to increased interest income and reduced interest expenses[10] - Research and development expenses increased to CNY 1.15 billion, up 11.4% from CNY 1.03 billion in the previous period[32] - The company's short-term borrowings rose to CNY 1,300,000,000 from CNY 1,100,000,000, an increase of about 18.18%[29] Return on Equity - The weighted average return on equity was 2.98% for Q3 2023, a slight decrease of 0.04% compared to the previous year[7]