YILI(600887)2024-10-30 08:53Financial Performance - Revenue for the quarter was RMB 29.04 billion, a decrease of 6.66% year-over-year[3] - Net profit attributable to shareholders was RMB 3.34 billion, an increase of 8.53% year-over-year[3] - Basic earnings per share (EPS) for the quarter was RMB 0.52, an increase of 6.12% year-over-year[3] - Diluted earnings per share (EPS) for the quarter was RMB 0.52, an increase of 8.33% year-over-year[3] - Weighted average return on equity (ROE) for the quarter was 6.12%, an increase of 0.04 percentage points year-over-year[3] - The company's total revenue for the first nine months of the year was RMB 88.73 billion, a decrease of 8.61% year-over-year[3] - Total operating revenue for the first three quarters of 2024 was RMB 89.04 billion, a decrease of 8.6% compared to RMB 97.40 billion in the same period of 2023[10] - Net profit attributable to shareholders of the parent company for the first three quarters of 2024 was RMB 10.87 billion, an increase of 15.9% compared to RMB 9.38 billion in the same period of 2023[11] - Basic earnings per share for the first three quarters of 2024 were RMB 1.71, up from RMB 1.47 in the same period of 2023[11] - Total comprehensive income for the first three quarters of 2024 was RMB 10.80 billion, an increase of 24.2% compared to RMB 8.70 billion in the same period of 2023[11] - Revenue for the first three quarters of 2024 reached 79.39 billion yuan, compared to 87.27 billion yuan in the same period of 2023[18] - Net profit for the first three quarters of 2024 was 10.75 billion yuan, up from 7.93 billion yuan in the same period of 2023[18] Cash Flow and Liquidity - Cash flow from operating activities for the first nine months of the year was RMB 13.87 billion, an increase of 18.46% year-over-year[3] - Operating cash flow for the first three quarters of 2024 was RMB 13.87 billion, an increase of 18.5% compared to RMB 11.71 billion in the same period of 2023[13] - Cash received from sales of goods and services for the first three quarters of 2024 was RMB 94.74 billion, a decrease of 6.9% compared to RMB 101.74 billion in the same period of 2023[13] - Total cash inflows from operating activities for the first three quarters of 2024 were RMB 98.74 billion, a decrease of 7.0% compared to RMB 106.20 billion in the same period of 2023[13] - Total cash outflows from operating activities for the first three quarters of 2024 were RMB 84.87 billion, a decrease of 10.2% compared to RMB 94.49 billion in the same period of 2023[13] - Investment activities generated a net cash outflow of RMB 5.08 billion, compared to RMB 12.55 billion in the same period last year[14] - Financing activities resulted in a net cash outflow of RMB 5.35 billion, compared to a net cash inflow of RMB 13.08 billion in the same period last year[14] - The company's cash and cash equivalents increased by RMB 3.43 billion, reaching RMB 46.24 billion at the end of the period[14] - Operating cash flow for the first three quarters of 2024 was 5.6 billion yuan, down from 8.98 billion yuan in the same period of 2023[19] - Investment cash flow for the first three quarters of 2024 was 1.61 billion yuan, compared to -7.4 billion yuan in the same period of 2023[19] - Financing cash flow for the first three quarters of 2024 was -9.56 billion yuan, compared to 13.27 billion yuan in the same period of 2023[19] - Cash and cash equivalents at the end of the third quarter of 2024 were 21.17 billion yuan, down from 32.13 billion yuan at the end of the same period in 2023[19] Balance Sheet and Assets - Total assets at the end of the reporting period were RMB 150.62 billion, a slight decrease of 0.66% compared to the end of the previous year[3] - Equity attributable to shareholders increased by 5.02% to RMB 56.23 billion compared to the end of the previous year[3] - Total assets decreased to 150.615 billion CNY from 151.620 billion CNY compared to the end of 2023[8] - Cash and cash equivalents increased to 50.114 billion CNY from 43.372 billion CNY compared to the end of 2023[8] - Inventory decreased to 10.201 billion CNY from 12.512 billion CNY compared to the end of 2023[8] - Accounts receivable decreased to 2.959 billion CNY from 3.085 billion CNY compared to the end of 2023[8] - Fixed assets remained stable at 35.255 billion CNY compared to the end of 2023[8] - Total assets increased to RMB 118.78 billion, up from RMB 117.51 billion at the end of the previous year[15] - Long-term equity investments increased to RMB 54.33 billion, up from RMB 50.77 billion at the end of the previous year[15] - Accounts receivable increased to RMB 1.74 billion, up from RMB 1.62 billion at the end of the previous year[15] - Inventory increased to RMB 3.51 billion, up from RMB 3.27 billion at the end of the previous year[15] Liabilities and Equity - Total liabilities decreased to 90.657 billion CNY from 94.300 billion CNY compared to the end of 2023[9] - Short-term borrowings increased to 47.357 billion CNY from 39.755 billion CNY compared to the end of 2023[9] - Total equity increased to 59.958 billion CNY from 57.320 billion CNY compared to the end of 2023[9] - Long-term borrowings decreased to 5.977 billion CNY from 11.705 billion CNY compared to the end of 2023[9] - Retained earnings increased to 34.644 billion CNY from 31.415 billion CNY compared to the end of 2023[9] - Total liabilities decreased to RMB 72.66 billion, down from RMB 74.05 billion at the end of the previous year[16] - Short-term borrowings increased significantly to RMB 11.61 billion, up from RMB 6.11 billion at the end of the previous year[16] - The company's total equity increased to RMB 46.12 billion, up from RMB 43.46 billion at the end of the previous year[16] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 520,757[5] - Hong Kong Securities Clearing Company Limited holds 692,371,652 shares, accounting for 10.88% of the total shares[5] - Hohhot Investment Co., Ltd., a state-owned legal entity, holds 538,535,826 shares, representing 8.46% of the total shares[5] - Pan Gang, an individual domestic shareholder, holds 286,746,628 shares, making up 4.50% of the total shares[5] - China Securities Finance Corporation holds 182,421,475 shares, accounting for 2.87% of the total shares[5] - The Industrial and Commercial Bank of China - SSE 50 ETF holds 128,392,996 shares, representing 2.02% of the total shares[5] - The Industrial and Commercial Bank of China - Huatai-PineBridge CSI 300 ETF holds 121,343,023 shares, making up 1.91% of the total shares[5] - Guofeng Xinghua (Beijing) Private Fund Management Co., Ltd. - Honghu Zhiyuan (Shanghai) Private Investment Fund Co., Ltd. holds 119,376,630 shares, accounting for 1.88% of the total shares[5] - China Life Insurance Company Limited - Traditional - General Insurance Product - 005L - CT001 Hu holds 119,090,816 shares, representing 1.87% of the total shares[5] - Zhao Chengxia, an individual domestic shareholder, holds 92,420,140 shares, making up 1.45% of the total shares[5] Expenses and Investments - Non-recurring gains and losses for the quarter amounted to RMB 152.94 million, primarily driven by government subsidies and asset disposal gains[4] - Sales expenses for the first three quarters of 2024 were RMB 17.15 billion, a slight decrease of 0.3% compared to RMB 17.20 billion in the same period of 2023[10] - R&D expenses for the first three quarters of 2024 were RMB 556.31 million, a slight increase of 0.7% compared to RMB 552.32 million in the same period of 2023[10] - Sales expenses for the first three quarters of 2024 were 14.76 billion yuan, slightly down from 14.82 billion yuan in the same period of 2023[18] - R&D expenses for the first three quarters of 2024 were 481.43 million yuan, up from 457.58 million yuan in the same period of 2023[18] - Investment income for the first three quarters of 2024 was 5.89 billion yuan, up from 3.03 billion yuan in the same period of 2023[18]