NEW JCM(SZ:300157)2023-10-26 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥152,122,656.56, a decrease of 32.21% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥21,890,273.49, an increase in loss of 45.81% year-on-year[4]. - The cash flow from operating activities showed a net outflow of -¥37,494,434.69, a decrease of 232.43% compared to the previous year[10]. - Year-to-date revenue increased by 42.26% to ¥540,743,068.61, driven by an increase in orders[8]. - The company reported a basic earnings per share of -¥0.03, a 50.00% increase in loss compared to the same period last year[4]. - Total operating revenue for Q3 2023 reached ¥540,743,068.61, a significant increase from ¥380,101,428.13 in Q3 2022, representing an increase of approximately 42.3%[27]. - The net loss attributable to shareholders of the parent company for Q3 2023 was ¥92,004,377.65, compared to a loss of ¥120,038,038.81 in Q3 2022, showing an improvement of approximately 23.4%[28]. - The total comprehensive income for the third quarter was -76,692,728.56 CNY, compared to -66,367,480.77 CNY in the previous year[29]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,034,798,132.59, a decrease of 9.03% from the end of the previous year[4]. - The total assets as of September 30, 2023, amounted to ¥2,034,798,132.59, down from ¥2,236,781,182.75 at the beginning of the year, reflecting a decrease of about 9.0%[25]. - The total liabilities decreased to ¥1,772,748,493.11 from ¥1,895,722,375.27, marking a reduction of approximately 6.5%[25]. - The company’s total equity attributable to shareholders decreased to ¥151,092,766.54 from ¥235,018,210.50, a decline of about 35.7%[25]. Cash Flow - The net cash flow from operating activities was -37,494,434.69 CNY, a decrease from 28,312,080.94 CNY in the same period last year[31]. - Cash inflow from operating activities totaled 337,943,573.20 CNY, down from 442,724,411.66 CNY year-over-year[30]. - The net cash flow from investing activities was 3,813,506.10 CNY, an improvement from -6,221,758.10 CNY in the previous year[31]. - Cash and cash equivalents at the end of the period were 89,753,185.67 CNY, down from 124,658,953.95 CNY at the end of the previous year[31]. - The total cash outflow from financing activities was 77,764,192.40 CNY, compared to 10,353,522.06 CNY in the previous year[31]. - The company reported a foreign exchange impact on cash and cash equivalents of 1,090,152.33 CNY during the quarter[31]. Research and Development - Research and development expenses rose by 40.60% year-on-year, reflecting increased investment in R&D materials[8]. - The company reported R&D expenses of ¥20,415,278.43 for Q3 2023, compared to ¥14,520,540.39 in Q3 2022, an increase of approximately 40.5%[28]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 34,505[12]. - The largest shareholder, Li Liping, holds 14.41% of the shares, totaling 104,521,480 shares[12]. - Yinchuan Zhongneng New Finance Technology Co., Ltd. holds 7.04% of the shares, totaling 51,066,937 shares[12]. - Wang Xiaose holds 2.65% of the shares, totaling 19,250,000 shares[12]. - The total number of shares held by the top 10 shareholders is significant, with Li Liping and Yinchuan Zhongneng being the most prominent[12]. - The company has a total of 51,066,937 shares held by Yinchuan Zhongneng, which represents 9.27% of the voting rights[13]. - Wang Xiaose's restricted shares increased from 14,250,000 to 14,500,000 due to stock incentives[14]. - The company has a total of 488,925 restricted shares for executive Jiang Yuxin, which are subject to incentive plans[14]. - The total number of shareholders with restricted shares is not specified, but there are several executives with locked shares due to regulations[14]. - The company has established voting rights agreements with major shareholders, indicating a structured governance approach[13]. Debt and Financing - The company experienced a 200% increase in long-term borrowings, attributed to new loans taken during the reporting period[7]. - As of September 30, 2023, the total principal amount of loans provided by the controlling shareholder, Shuoshen Technology, to the company is CNY 273.37 million, including perpetual bond amounting to CNY 183 million and a loan principal and interest balance of CNY 95.43 million[17]. - The company has cumulatively repaid CNY 451 million of debt to the Zhongguancun Mother Fund as of September 30, 2023[17]. - The company signed a settlement agreement with China Great Wall Asset Management Co., Ltd., agreeing to repay CNY 60.44 million of debt, with a remaining balance of CNY 20.67 million as of September 30, 2023[18]. Incentive Plans - The company launched a restricted stock incentive plan, granting 26.95 million shares at a price of CNY 1.72 per share to 144 incentive targets[19]. - The company plans to issue up to 213.63 million shares to specific investors, aiming to raise a total of CNY 664.40 million for working capital and debt repayment[20]. - The company has decided to terminate the issuance of shares to specific investors due to changes in market conditions and has submitted the withdrawal application on October 19, 2023[21]. - The company has completed the registration of the first category of restricted stock under the 2023 incentive plan, which was listed on September 25, 2023[19]. - The total number of restricted shares under the 2023 incentive plan is 11,325,000 shares, with a total of 14,250,900 shares involved in the incentive program[19]. Corporate Changes - The company changed its name to "Xinjing Power Group Co., Ltd." to better reflect its strategic development direction and enhance brand recognition[18]. - The company has implemented a long-term incentive mechanism to attract and retain talent, aligning the interests of shareholders, the company, and core team members[19]. Audit Status - The third quarter report was not audited[33].