吉峰科技(300022) - 2023 Q3 - 季度财报

Financial Performance - The company's revenue for Q3 2023 reached ¥801,114,554.56, representing a 9.94% increase year-over-year[5]. - The net profit attributable to shareholders was a loss of ¥2,106,426.17, a decrease of 10.76% compared to the same period last year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of ¥3,391,966.55, down 41.64% year-over-year[5]. - Total operating revenue for Q3 2023 reached ¥2,065,526,918.19, an increase of 2.5% compared to ¥2,007,324,510.71 in Q3 2022[18]. - Net profit for Q3 2023 was ¥41,470,561.31, compared to ¥38,124,332.59 in Q3 2022, representing a growth of 6.2%[19]. - The total comprehensive income for the third quarter was CNY 41,470,561.31, an increase from CNY 38,124,332.59 in the previous year[20]. - The net profit attributable to the parent company was CNY 5,595,602.22, compared to CNY 3,147,488.45 in the same period last year, reflecting a significant growth[20]. Assets and Liabilities - Total assets increased to ¥1,957,565,155.40, a growth of 20.41% from the end of the previous year[5]. - Total current assets rose to ¥1,679,183,071.35 in Q3 2023, up from ¥1,334,676,280.05 in Q2 2023, an increase of 26.0%[16]. - Total liabilities decreased from ¥1,233,263,252.54 in Q2 2023 to ¥1,109,481,686.84 in Q3 2023, a decline of 10.0%[17]. - The company's equity attributable to shareholders rose significantly by 455.77% to ¥509,234,405.93, primarily due to a private placement of shares[5][9]. - The company's equity attributable to shareholders increased from ¥91,626,473.71 in Q2 2023 to ¥509,234,405.93 in Q3 2023, a substantial increase of 453.5%[17]. Cash Flow - Cash flow from operating activities showed a drastic decline of 91.02%, amounting to ¥6,050,989.49[9]. - Cash inflow from operating activities totaled CNY 2,156,374,072.18, slightly up from CNY 2,060,721,702.97 in the previous year[22]. - The net cash flow from operating activities was CNY 6,050,989.49, a decrease from CNY 67,356,180.58 in the same period last year[22]. - Cash inflow from financing activities was CNY 752,871,415.03, compared to CNY 379,797,220.49 in the previous year, indicating a strong increase[22]. - The net cash flow from financing activities was CNY 5,049,084.76, recovering from a negative CNY 51,875,260.68 in the previous year[22]. - The company reported a cash and cash equivalents balance of CNY 229,098,537.71 at the end of the period, up from CNY 193,122,042.14 year-over-year[22]. - As of September 30, 2023, the company's cash and cash equivalents amount to 439,024,497.22 yuan, up from 329,806,864.33 yuan at the beginning of the year[15]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,285, with no preferred shareholders having restored voting rights[10]. - The top 10 shareholders hold a total of 22.95% (114,000,000 shares) by Sichuan Mayflower Expansion Service Co., Ltd., which has pledged 31,500,000 shares[10]. - The top shareholder, Sichuan Mayflower Expansion Service Co., Ltd., holds 22.95% of the shares, while the second-largest shareholder, Wang Xinming, holds 7.50%[10]. - The company has a total of 170,758,643 shares under lock-up agreements, with 10,710,048 shares released during the reporting period[12]. Operational Highlights - The company reported a 72.37% increase in inventory, totaling ¥729,805,154.90, attributed to preparations for the autumn harvest[9]. - The company's accounts receivable decreased from ¥389,469,206.80 in Q2 2023 to ¥367,846,827.70 in Q3 2023, a reduction of approximately 5.3%[16]. - Inventory increased significantly from ¥423,387,224.95 in Q2 2023 to ¥729,805,154.90 in Q3 2023, marking a rise of 72.2%[16]. - The company completed a capital increase of 26 million yuan for its subsidiary, Sichuan Jifeng Junong Agricultural Equipment Co., Ltd., to enhance its capital strength in the southwest region[13]. - The company aims to accelerate the integration and acquisition of upstream specialized agricultural machinery manufacturing enterprises under its "One Body, Two Wings" development strategy[13]. - The company is actively expanding its agricultural machinery distribution network while assessing upstream high-end intelligent agricultural machinery manufacturers for future integration[13]. - The company is focusing on enhancing its existing distribution and sales service channels through the integration of downstream circulation businesses[13]. - The company has pledged to continue integrating local agricultural machinery dealers in various regions, including Northwest, South China, and East China[13]. Research and Development - Research and development expenses for Q3 2023 were ¥3,100,411.20, compared to ¥2,530,220.11 in Q3 2022, reflecting a year-on-year increase of 22.5%[19]. Financial Expenses - The company’s financial expenses decreased by 30.04% to ¥21,954,578.88, due to reduced interest from repaying loans from controlling shareholders[9]. - The company reported a decrease in financial expenses from ¥31,383,466.84 in Q3 2022 to ¥21,954,578.88 in Q3 2023, a reduction of 30.0%[19].