Youngor(SH:600177)2025-10-30 09:10Financial Performance - The company's operating revenue for the third quarter was ¥1,665,924,686.17, a decrease of 38.05% compared to the same period last year[4]. - Total profit for the quarter was ¥674,091,656.63, reflecting an increase of 8.36% year-on-year[4]. - Net profit attributable to shareholders was ¥634,045,914.42, down by 1.99% compared to the previous year[4]. - The basic earnings per share for the quarter was ¥0.14, a decrease of 1.82% year-on-year[4]. - The weighted average return on net assets was 1.48%, a decrease of 0.14 percentage points compared to the previous year[4]. - Total operating revenue for the first three quarters of 2025 was CNY 6,777,235,254.05, a decrease of 19.3% compared to CNY 8,399,867,467.16 in the same period of 2024[23]. - Total operating costs for the first three quarters of 2025 were CNY 6,961,338,722.30, down from CNY 8,233,971,178.24 in 2024, reflecting a reduction of 15.5%[23]. - Operating profit for the first three quarters of 2025 was CNY 2,486,228,972.57, compared to CNY 2,617,014,001.36 in 2024, indicating a decline of 5.0%[23]. - The total profit for the period was approximately 2.48 billion RMB, a decrease from 2.60 billion RMB in the previous period, representing a decline of about 4.7%[24]. - Net profit attributable to shareholders of the parent company was approximately 2.35 billion RMB, down from 2.51 billion RMB, reflecting a decrease of around 7.1%[24]. - Basic and diluted earnings per share were both 0.51 RMB, compared to 0.54 RMB in the previous period, indicating a decline of approximately 5.6%[25]. - The company reported a total comprehensive income of approximately 3.54 billion RMB, down from 4.33 billion RMB, reflecting a decrease of about 18.2%[24]. Assets and Liabilities - Total assets at the end of the period amounted to ¥73,402,207,433.10, an increase of 2.82% from the end of the previous year[4]. - The company's total assets as of September 30, 2025, included cash and cash equivalents of CNY 12,555,696,481.16, an increase from CNY 7,737,191,648.38 at the end of 2024[19]. - The company's inventory stood at CNY 9,156,124,643.11, down from CNY 9,854,140,895.17 at the end of 2024[19]. - Long-term equity investments increased to CNY 26,555,876,542.36 in 2025 from CNY 25,829,921,701.12 in 2024, representing a growth of 2.8%[20]. - Total assets amounted to CNY 73,402,207,433.10 in 2025, up from CNY 71,389,352,770.85 in 2024, showing an increase of 2.8%[21]. - Current liabilities decreased to CNY 18,369,962,650.55 in 2025 from CNY 24,383,311,782.74 in 2024, a reduction of 24.7%[21]. - Non-current liabilities rose to CNY 12,013,788,168.58 in 2025, compared to CNY 5,566,667,042.69 in 2024, reflecting an increase of 115.0%[21]. - The company's cash and cash equivalents increased to CNY 24,389,416,907.02 in 2025 from CNY 19,836,408,734.70 in 2024, a growth of 22.8%[20]. Revenue Segmentation - The fashion segment generated operating revenue of CNY 503,749.91 million, a year-on-year increase of 9.86%, with the main apparel business contributing CNY 442,708.20 million, up 15.75%[13]. - The real estate segment had no new projects launched, achieving pre-sales of CNY 75,059.29 million and recognizing revenue of CNY 173,175.41 million, down 70.58% and 54.41% year-on-year respectively[17]. - The investment business reported a net profit of CNY 202,413.77 million, reflecting a year-on-year growth of 3.87%[17]. Shareholder Information - The company had a total of 85,396 common shareholders at the end of the reporting period[8]. - The largest shareholder, Ningbo Youngor Holding Co., Ltd., held 1,798,681,413 shares, representing 38.90% of the total shares[9]. Cash Flow - Cash flow from operating activities generated a net amount of approximately 668 million RMB, down from 697 million RMB, a decrease of about 4.2%[26]. - Cash inflow from investment activities totaled approximately 11.17 billion RMB, significantly up from 3.81 billion RMB, marking an increase of around 194.5%[27]. - Cash flow from financing activities resulted in a net outflow of approximately 1.47 billion RMB, an improvement compared to a net outflow of 7.58 billion RMB in the previous period[27]. - The ending balance of cash and cash equivalents was approximately 12.54 billion RMB, an increase from 7.96 billion RMB, reflecting a growth of about 57.5%[27]. - The company received approximately 6.72 billion RMB from investment recoveries, a significant increase from 1.66 billion RMB, representing an increase of about 303.5%[27]. Strategic Initiatives - The company continues to implement a "large store strategy" to enhance its market presence and operational efficiency[14]. - The company opened 140 new self-operated stores and closed 115, resulting in a net increase of 25 stores, with a total of 1,896 self-operated stores and an operating area of 540,000 square meters[14][16]. - The company's self-operated online sales channel generated revenue of CNY 59,972.45 million, up 26.05% year-on-year[14]. Non-Recurring Items - The company reported non-recurring gains and losses totaling ¥73,862,569.72 for the quarter[6]. - Other comprehensive income after tax attributable to the parent company was approximately 1.20 billion RMB, down from 1.82 billion RMB, indicating a decrease of around 34.3%[24].