Zhejiang Jiemei Electronic And Technology (SZ:002859) Xin Lang Cai Jing·2025-10-29 00:17Core Viewpoint - The company, Zhejiang Jiemai Electronic Technology Co., Ltd., has released its third-quarter financial report, highlighting significant changes in various financial metrics and the assurance of the accuracy and completeness of the report by the board and management [2][3]. Financial Data Summary Major Financial Indicators - The company reported a 76.53% increase in prepaid expenses compared to the beginning of the period, attributed to an increase in advance payments during the reporting period [4]. - Other receivables decreased by 53.53%, mainly due to the receipt of export tax rebates from the previous year [5]. - Other current assets increased by 64.04%, driven by an increase in deductible VAT input tax [5]. - Right-of-use assets grew by 33.12%, due to the leasing of a new factory by the subsidiary, Rouzhen Technology [5]. - Long-term prepaid expenses surged by 181.48%, primarily due to the acquisition of the subsidiary, Jiangxi Rouzhen Technology Co., Ltd. [5]. - Deferred tax assets increased by 48.01%, linked to the increase in unabsorbed losses and deferred income of subsidiaries [5]. - Short-term borrowings rose by 55.00%, reflecting the need for additional working capital [5]. - Contract liabilities increased by 105.81%, due to a rise in advance receipts [5]. - Other current liabilities grew by 125.16%, also related to increased advance receipts and corresponding tax amounts [5]. - Deferred income increased by 108.71%, attributed to more government subsidies related to assets [5]. - Other comprehensive income rose by 113.82%, due to exchange rate fluctuations [5]. - Minority interests decreased by 40.67%, due to losses incurred by the subsidiary, Rouzhen Technology [5]. Profit and Loss Statement - Financial expenses increased by 87.78%, mainly due to higher interest expenses [6]. - Credit impairment losses rose by 32.64%, as a portion of the bad debt provision was reversed due to timely collections [6]. - Asset impairment losses decreased significantly by 18117.53%, attributed to increased provisions for inventory write-downs [6]. - Non-operating income fell by 88.05%, due to insurance claims received in the previous year [6]. - Income tax expenses increased by 65.34%, linked to a reduction in R&D tax deductions [6]. Cash Flow Statement - Cash received from operating activities increased by 80.15%, primarily due to higher government subsidies [7]. - Cash paid for goods and services rose by 90.86%, reflecting increased production and raw material reserves [7]. - Net cash flow from operating activities decreased by 49.84%, attributed to increased production and raw material reserves [7]. - Cash paid for fixed assets and other long-term assets decreased by 31.21%, due to lower investment in various projects [7]. - Cash outflows for debt repayment increased by 40.27%, reflecting higher loan repayments [7]. - Net increase in cash and cash equivalents grew by 145.86%, due to reduced investment in certain projects [7]. Shareholder Information - The total number of ordinary shareholders and the shareholding situation of the top ten shareholders were disclosed, with the company holding 4,957,500 shares, representing 1.15% of total shares [8].