JINGYI INC.(SZ:002295)2024-04-26 13:38Financial Performance - The company's revenue for Q3 2023 was ¥689,460,992.69, representing a significant decline compared to the same period last year[5] - Net profit attributable to shareholders decreased by 61.44% to ¥3,655,792.31 in Q3 2023, and year-to-date net profit decreased by 25.37% to ¥28,161,755.80[5] - The basic earnings per share for Q3 2023 was ¥0.01, down 61.44% from the previous year, with diluted earnings per share also at ¥0.01[5] - Total operating revenue for Q3 2023 was ¥2,050,850,116.23, a decrease of 47.5% compared to ¥3,914,679,947.92 in the same period last year[22] - Net profit for Q3 2023 was ¥28,155,792.36, a decline of 25.4% from ¥37,736,998.00 in Q3 2022[23] - Earnings per share for Q3 2023 were ¥0.11, compared to ¥0.15 in the same quarter last year, reflecting a 26.7% decrease[23] - The company reported a total comprehensive income of ¥31,218,876.30 for Q3 2023, down 22.8% from ¥40,442,258.73 in the same quarter last year[23] Assets and Liabilities - Total assets decreased by 9.96% to ¥2,071,244,550.12 compared to the end of the previous year[5] - Total liabilities decreased to ¥729,089,964.93 in Q3 2023 from ¥994,380,338.82 in Q3 2022, a reduction of 26.7%[22] - Total equity increased to ¥1,342,154,585.19 in Q3 2023 from ¥1,306,035,708.89 in Q3 2022, an increase of 2.8%[22] - As of September 30, 2023, total current assets decreased to 1,634,731,216.86 RMB from 1,869,876,188.20 RMB at the beginning of the year[19] - The total assets as of September 30, 2023, were 2,071,244,550.12 RMB, down from 2,300,416,047.71 RMB at the beginning of the year[19] Cash Flow - Cash flow from operating activities showed a net outflow of ¥79,038,011.87, a decline of 150.71% year-to-date[5] - The net cash flow from operating activities for the first nine months of 2023 was -79,038,011.87 RMB, a decrease of 150.71% compared to 155,856,392.11 RMB in the same period of 2022, primarily due to reduced collections and increased procurement cash expenditures[13] - The total cash inflow from operating activities for the period was ¥4,750,831,226.42, a decrease of 5.3% compared to ¥5,018,327,028.14 in the previous period[24] - The net cash flow from operating activities was -¥79,038,011.87, contrasting with a positive cash flow of ¥155,856,392.11 in the same period last year[24] - The net cash flow from financing activities was ¥68,195,091.82, a 135.75% increase from -190,759,445.07 RMB in the same period last year, attributed to reduced repayment of bank loans and interest[13] Expenses - Total operating costs for Q3 2023 were ¥2,012,761,221.99, down 48.3% from ¥3,887,469,936.75 year-over-year[22] - Financial expenses decreased significantly to ¥6,818,406.02 in Q3 2023 from ¥18,881,694.84 in the same period last year, a reduction of 64.1%[22] - Research and development expenses remained stable at ¥11,620,619.72, slightly down from ¥11,685,496.99 year-over-year[22] - Other income decreased by 89.90% to ¥1,928,825.00, mainly due to a reduction in government subsidies related to assets[11] Inventory and Receivables - The accounts receivable increased by 217.43% to ¥59,824,488.97, mainly due to an increase in commercial acceptance bills received during the reporting period[9] - The company reported a significant increase in inventory, which rose to 282,679,001.25 RMB from 232,887,561.15 RMB at the beginning of the year[19] Shareholder Information - The number of common shareholders at the end of the reporting period was 16,720, with the largest shareholder holding 30.00% of the shares[16] - The largest shareholder, Nantong Sanjian Holdings Co., Ltd., has pledged 75,184,700 shares[16] Other Information - The company did not report any new product launches or significant technological advancements during this quarter[26] - The third quarter report was not audited, indicating that the figures may be subject to change upon final review[26]