YTG(600881)2024-10-29 08:29Financial Performance - The company's operating revenue for the third quarter was approximately ¥2.31 billion, a decrease of 28.09% compared to the same period last year[2]. - The net profit attributable to shareholders was approximately -¥363.60 million, representing an increase in loss of 22.74% year-on-year[2]. - The company experienced a 33.82% decline in operating revenue from the beginning of the year to the end of the reporting period, primarily due to reduced demand in the construction materials and real estate sectors[5]. - Total operating revenue for the first three quarters of 2024 was CNY 5,239,833,508.85, a decrease of 33.8% compared to CNY 7,917,685,557.53 in the same period of 2023[14]. - Net loss attributable to shareholders of the parent company for Q3 2024 was CNY -1,290,998,828.32, compared to CNY -1,337,196,052.91 in Q3 2023[15]. - The company reported a total comprehensive loss of CNY -1,579,564,375.53 for Q3 2024, compared to CNY -1,723,139,767.80 in Q3 2023[15]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥85.44 million, a significant decrease of 107.35% compared to the previous year[5]. - In the first three quarters of 2024, the cash inflow from operating activities was approximately ¥5.73 billion, a decrease of 41.5% compared to ¥9.83 billion in the same period of 2023[16]. - The net cash flow from operating activities for the first three quarters of 2024 was negative at approximately -¥85.44 million, contrasting with a positive cash flow of ¥1.16 billion in the same period of 2023[16]. - The company's cash and cash equivalents decreased significantly, impacting liquidity and operational flexibility[15]. - The total cash and cash equivalents at the end of the period were approximately ¥124.05 million, down from ¥206.86 million at the end of the same period in 2023[17]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥45.31 billion, a decrease of 0.56% from the end of the previous year[3]. - The total liabilities as of Q3 2024 amounted to CNY 39,930,282,834.45, an increase from CNY 38,597,689,411.15 in Q3 2023[13]. - The total equity attributable to shareholders of the parent company decreased to CNY 4,482,754,115.96 in Q3 2024 from CNY 5,758,572,332.47 in Q3 2023, a decline of 22.2%[13]. - The company's total assets as of Q3 2024 were CNY 45,305,589,478.20, slightly down from CNY 45,561,023,913.73 in Q3 2023[13]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 111,948[6]. - The largest shareholder, Changchun Municipal Government State-owned Assets Supervision and Administration Commission, holds 295,088,616 shares, accounting for 9.08% of the total shares[6]. Share Buyback Plans - The company announced a share buyback plan with a minimum investment of RMB 150 million and a maximum of RMB 300 million, starting from July 1, 2024, for a period of 6 months[8]. - As of the report date, the company has repurchased 3,902,200 shares, accounting for approximately 0.12% of the total share capital, with an average repurchase price of RMB 1.02 per share[9]. - The total amount spent on the repurchased shares was RMB 3,980,244, excluding transaction fees[9]. - The company plans to initiate another share buyback with a budget of RMB 27 million to RMB 30 million, at a price not exceeding RMB 2.20 per share, pending shareholder approval[9]. Investment Activities - The cash inflow from investment activities totaled approximately ¥137.92 million, down from ¥180.55 million in the first three quarters of 2023, representing a decline of 23.5%[17]. - The cash outflow from investment activities was approximately ¥31.26 million, significantly lower than ¥68.85 million in the same period of 2023, indicating a decrease of 54.5%[17]. - The company received approximately ¥72.18 million in cash from investment income, a decrease from ¥127.60 million in the same period of 2023[17]. Future Outlook - The company has plans for market expansion and new product development to improve future performance[15].