Jiayu (SZ:300117)2023-10-24 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥197,934,327.48, a decrease of 60.76% compared to the same period last year[4] - Net profit attributable to shareholders was ¥56,193,363.08, representing a significant increase of 442.15% year-on-year[4] - The net profit after deducting non-recurring gains and losses was ¥80,942,718.43, up 384.38% from the previous year[4] - The basic earnings per share for the quarter was ¥0.0784, an increase of 440.68% compared to the same period last year[4] - The company reported a net loss of CNY 162,463,805.92 for Q3 2023, compared to a profit of CNY 83,997,674.15 in Q3 2022[27] - The company’s equity attributable to shareholders was negative CNY 98,122,365.31, compared to positive CNY 25,606,734.52 in the previous year[26] - The total comprehensive income attributable to the parent company was -123,729,099.83 CNY, down from 66,669,648.05 CNY year-over-year[31] - Basic and diluted earnings per share for Q3 2023 were both -0.1727 CNY, compared to 0.0927 CNY in Q3 2022[31] Cash Flow and Assets - The company's cash flow from operating activities showed a net outflow of ¥134,857,030.45, a decrease of 127.98% compared to the same period last year[4] - The net cash flow from operating activities was -134,857,030.45, a decline of 127.98% year-on-year, mainly due to higher sales receipts in the previous period[13] - The net cash flow from investing activities was -38,754,569.57, an increase of 42.93% compared to the previous year, attributed to investments in new energy bases by subsidiaries[13] - The net cash flow from financing activities was 126,662,034.47, an increase of 132.66% year-on-year, primarily due to significant debt repayments in the previous period[13] - The total cash and cash equivalents at the end of Q3 2023 were 16,653,774.66 CNY, down from 112,794,675.09 CNY at the end of the previous year[32] - Cash flow from operating activities was -134,857,030.45 CNY, a significant decrease from 481,981,812.09 CNY in the previous year[31] - The company reported cash inflow from sales of goods and services of 164,616,480.95 CNY, a decrease from 1,379,343,308.77 CNY in the same period last year[30] - The cash outflow for purchasing goods and services was 212,914,109.98 CNY, compared to 739,503,746.11 CNY in the previous year[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥4,355,599,472.91, down 4.18% from the end of the previous year[6] - The total assets as of September 30, 2023, were CNY 4,355,599,472.91, down from CNY 4,545,520,179.63 at the beginning of the year[23] - Total liabilities decreased to CNY 4,453,721,838.22 from CNY 4,519,913,445.11 year-to-date[24] - Accounts receivable decreased to CNY 809,109,297.00 from CNY 884,412,769.67 year-to-date[22] - Inventory increased to CNY 992,279,734.21, compared to CNY 917,616,820.46 at the beginning of the year, reflecting a rise of 8.1%[22] Research and Development - Research and development expenses decreased by 54.07% to ¥6,400,564.74, primarily due to a shift in business focus[11] - Research and development expenses for Q3 2023 were CNY 6,400,564.74, significantly lower than CNY 13,935,894.68 in Q3 2022, indicating a reduction of 54.0%[27] Legal and Contractual Matters - The company faced litigation with a total amount of approximately 527 million yuan as a defendant and 45 million yuan as a plaintiff during the third quarter[18] - The company received a notice regarding the termination of the contract for the Liaoning Chaoyang Jiayu Longcheng 75MW Wind Power Project in August 2023[19] - The company reported overdue guarantee matters related to bank acceptance bills for its wholly-owned subsidiaries[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 33,609[15] - The largest shareholder, Jiayu Xinxin Investment (Group) Co., Ltd., holds 38.03% of the shares, totaling 272,549,910 shares, with a significant portion pledged and frozen[17]