Youngor(600177)2024-10-29 08:06Financial Performance - The company's operating revenue for Q3 2024 was CNY 2,689,020,544.91, representing a year-on-year increase of 12.63%[4] - The net profit attributable to shareholders for the same period was CNY 646,922,126.75, showing a decrease of 6.73% compared to the previous year[4] - The total operating revenue for Q3 2024 was approximately CNY 8.40 billion, an increase from CNY 7.46 billion in Q3 2023, representing a growth of about 12.6%[18] - The total operating costs for Q3 2024 were approximately CNY 8.23 billion, up from CNY 6.70 billion in the same period last year, indicating a rise of around 22.7%[18] - The net profit for Q3 2024 was approximately CNY 2.52 billion, compared to CNY 2.79 billion in Q3 2023, reflecting a decrease of about 9.7%[19] - The total profit for Q3 2024 was approximately CNY 2.60 billion, compared to CNY 3.05 billion in Q3 2023, a decrease of around 14.7%[18] - The comprehensive income for Q3 2024 was approximately CNY 4.33 billion, compared to CNY 1.92 billion in Q3 2023, an increase of about 125.5%[19] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was CNY 697,128,693.18, reflecting a significant decline of 80.36%[4] - Cash flow from operating activities for the first nine months of 2024 was approximately CNY 7.01 billion, significantly lower than CNY 14.55 billion in the same period of 2023, a decrease of about 51.8%[20] - The net increase in cash and cash equivalents was approximately -¥4.76 billion, contrasting with a net increase of ¥1.96 billion in the previous period[21] - The ending balance of cash and cash equivalents stood at approximately ¥7.96 billion, down from ¥13.38 billion in the previous period[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 74,583,903,059.23, down 7.36% from the end of the previous year[4] - Current assets decreased to ¥23,729,109,718.97 from ¥32,114,985,819.19, reflecting a decline of approximately 26.2%[15] - Total liabilities decreased to ¥33,591,083,447.68 from ¥41,040,515,641.04, a decline of about 18.1%[16] - The company's total non-current assets increased to ¥50,854,793,340.26 from ¥48,396,740,969.08, an increase of about 5.1%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 76,799[8] - The largest shareholder, Ningbo Youngor Holding Co., Ltd., held 1,706,212,641 shares, representing 36.90% of the total shares[8] Segment Performance - The fashion segment reported operating revenue of CNY 458,531.49 million, a year-on-year decline of 10.13%[12] - The net profit from the fashion segment was CNY 36,769.00 million, down 43.53% year-on-year[12] - The real estate segment recorded pre-sale revenue of CNY 255,139.94 million, a year-on-year decrease of 72.13%[13] - The real estate segment's revenue recognized was CNY 379,884.72 million, reflecting a year-on-year increase of 60.32%[13] - The investment business generated a net profit of CNY 194,872.53 million, a year-on-year increase of 13.90%[13] Expenses and Taxation - Research and development expenses for Q3 2024 were approximately CNY 62.78 million, down from CNY 101.69 million in Q3 2023, a reduction of about 38.2%[18] - The company reported a tax expense of approximately CNY 82.08 million for Q3 2024, down from CNY 256.99 million in Q3 2023, a decline of about 68.1%[18] Accounting Changes - The company has adopted new accounting standards starting from 2024, which may affect the financial statements[22]