YT(SH:600692)2025-10-29 10:40Financial Performance - The company's operating revenue for Q3 2025 was ¥76,909,050.03, a decrease of 58.33% compared to ¥184,586,381.36 in the same period last year[5] - The total profit for the period was -¥4,879,918.32, showing an improvement from -¥8,351,978.20 year-on-year[5] - The net profit attributable to shareholders was -¥5,936,661.07, compared to -¥8,611,168.26 in the previous year, indicating a significant reduction in losses[5] - Operating revenue decreased by 58.33% in the current reporting period due to a significant reduction in steel sales from Ximeng Trading[10] - Net profit attributable to shareholders of the listed company decreased by 461.89% year-to-date, mainly due to a reduction in non-recurring gains and losses[10] - Basic and diluted earnings per share both decreased by 460.94% year-to-date, attributed to the decline in net profit attributable to shareholders[10] - The company reported a basic earnings per share of -¥0.0169, compared to -¥0.0245 in the same period last year, indicating a reduction in losses per share[5] - The total comprehensive income attributable to the parent company was -16,252,069.66 CNY, compared to 4,490,855.20 CNY in the previous period[23] - The net profit for the first three quarters of 2025 was a loss of CNY 14,151,199.47, compared to a profit of CNY 2,548,813.30 in the same period of 2024[22] - The net profit for the first three quarters of 2025 is a loss of CNY 11,572,043.11, compared to a profit of CNY 19,528,687.29 in the same period of 2024[34] Cash Flow - The net cash flow from operating activities was ¥102,214,061.88, a substantial recovery from -¥127,938,282.94 in the same period last year[5] - Net cash flow from operating activities decreased by 64.90% year-to-date, primarily due to a decrease of 372 million CNY in project repurchase funds received[11] - The net cash flow from operating activities for the first three quarters of 2025 was 102,214,061.88 CNY, down from 291,206,123.84 CNY in the same period of 2024, representing a decrease of approximately 65%[25] - Cash inflow from operating activities totaled 1,241,402,819.29 CNY, while cash outflow was 1,139,188,757.41 CNY, resulting in a net cash flow of 102,214,061.88 CNY[25] - The company reported a net cash flow from investing activities of -100,630,957.26 CNY, compared to 11,397,799.50 CNY in the previous year, indicating a significant decline[26] - The net cash flow from financing activities was -241,960,657.26 CNY, worsening from -38,985,965.60 CNY in the same period last year[27] - The net cash flow from operating activities for the first three quarters of 2025 is CNY 189,783,742.66, a significant improvement from a negative cash flow of CNY 38,312,236.64 in 2024[37] - The company received CNY 376,381,514.41 in cash related to operating activities, a substantial increase from CNY 171,111,290.58 in the previous year[37] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,740,191,324.43, reflecting a 10.65% increase from ¥5,187,620,143.09 at the end of the previous year[6] - The company's total assets as of September 30, 2025, amounted to CNY 5,740,191,324.43, an increase from CNY 5,187,486,713.09 at the end of 2024[19] - Current assets totaled CNY 4,919,634,544.96 as of September 30, 2025, compared to CNY 4,443,111,829.98 at the end of 2024, reflecting a growth of 10.7%[19] - Current liabilities increased to CNY 4,162,914,122.15 as of September 30, 2025, from CNY 3,673,388,389.89 at the end of 2024, representing a rise of 13.3%[19] - The company's long-term liabilities increased to CNY 163,024,373.90 as of September 30, 2025, from CNY 88,991,420.35 at the end of 2024, reflecting an increase of 83.3%[19] - The total liabilities amount to CNY 335,557,666.37, a decrease from CNY 542,564,362.06 in the previous year[31] - The company's total liabilities amounted to 326,678,143.96 CNY, a decrease from 534,842,749.70 CNY in the previous year[30] Shareholder Information - Total number of ordinary shareholders at the end of the reporting period was 21,739[13] - The largest shareholder, Chongming County State-owned Assets Supervision and Administration Commission, holds 32.51% of shares[13] Regulatory Compliance - The company is undergoing rectification measures following a regulatory decision regarding revenue recognition practices, which may impact future financial reporting[7] - The company has committed to improving its financial reporting practices in response to regulatory feedback, ensuring compliance with accounting standards[7] Inventory and Investments - Inventory increased by 18.83% due to investments in the Longxing Island 38 housing project[10] - Investment income decreased by 100.80% compared to the same period last year, primarily due to the sale of subsidiary equity and stocks[11] Earnings and Costs - Total operating revenue for the first three quarters of 2025 was CNY 289,011,697.84, a decrease of 36.2% compared to CNY 452,732,382.77 in the same period of 2024[21] - Total operating costs for the first three quarters of 2025 were CNY 303,110,099.10, down 37.9% from CNY 487,618,012.60 in 2024[21] - The cost of goods sold for the first three quarters of 2025 is CNY 5,764,637.88, down 29.5% from CNY 8,186,559.12 in 2024[33] - The financial expenses for the first three quarters of 2025 are CNY 1,204,669.89, significantly reduced from CNY 6,083,200.91 in 2024[33]