YONGYUE(SH:603879)2025-10-30 13:05Financial Performance - The company's operating revenue for the third quarter was ¥81,755,298.66, a decrease of 21.31% compared to the same period last year[6] - The total profit for the quarter was -¥3,486,523.85, with a year-to-date total profit of -¥11,815,790.57[6] - The net profit attributable to shareholders was -¥3,080,141.35 for the quarter, and -¥9,254,685.91 year-to-date[6] - The basic earnings per share for the quarter was -¥0.0086, compared to -¥0.0171 in the same period last year[7] - Total operating revenue for the first three quarters of 2025 was CNY 230.74 million, a decrease of 12.16% compared to CNY 262.67 million in the same period of 2024[24] - Total operating costs for the first three quarters of 2025 were CNY 244.11 million, down 19.29% from CNY 302.42 million in 2024[24] - Net profit for the first three quarters of 2025 was a loss of CNY 9.26 million, an improvement from a loss of CNY 33.86 million in the same period of 2024[25] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.0257, compared to CNY -0.0946 in 2024[26] - The company reported a credit impairment loss of CNY 1.09 million in the first three quarters of 2025, compared to a loss of CNY -3.61 million in 2024[25] - The company’s comprehensive income for the first three quarters of 2025 was a loss of CNY 9.30 million, compared to a loss of CNY 34.89 million in 2024[26] Assets and Liabilities - Total assets at the end of the reporting period were ¥291,063,932.51, a decrease of 13.18% from the end of the previous year[7] - Current assets totaled RMB 148,983,216.30, down from RMB 188,921,471.44, reflecting a decrease of about 21.14%[20] - The total liabilities were RMB 23,078,096.22, down from RMB 44,454,697.88, indicating a reduction of approximately 48.00%[21] - Total liabilities amounted to CNY 34.49 million, compared to CNY 71.04 million in the previous period, indicating a significant reduction[22] - The company’s total non-current liabilities were CNY 11.42 million, compared to CNY 26.58 million in the previous period, reflecting a decrease[22] - Total equity attributable to shareholders of the parent company was CNY 256.41 million, down from CNY 264.04 million in the previous period[22] Cash Flow - Cash flow from operating activities for the year-to-date was -¥15,341,188.4[7] - Net cash flow from operating activities was -$15.34 million, a decrease from -$56.82 million year-over-year[28] - Cash received from sales of goods and services in the first three quarters of 2025 was CNY 253.34 million, a decrease of 9.23% from CNY 278.88 million in 2024[27] - Cash inflow from operating activities totaled $254.16 million, compared to $281.41 million last year[28] - Cash outflow for purchasing goods and services was $216.75 million, a decrease from $270.99 million year-over-year[28] - Cash paid to employees was $22.86 million, down from $27.56 million in the previous period[28] - Cash paid for taxes was $4.38 million, slightly down from $4.58 million last year[28] - Total cash inflow from financing activities was $3.00 million, down from $80.60 million in the previous period[29] - Cash outflow from financing activities totaled $8.05 million, compared to $83.76 million last year[29] - The net cash flow from investment activities was $15.50 thousand, a significant improvement from -$2.54 thousand previously[29] - The ending cash and cash equivalents balance was $13.50 million, down from $68.25 million at the beginning of the period[29] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 14,082[13] - The largest shareholder, Jiangsu Huaying Enterprise Management Co., Ltd., holds 17.30% of the shares, with 62,159,500 shares pledged[14] - The company reported a high pledge ratio for its controlling shareholder, Jiangsu Huaying Enterprise Management Co., Ltd., which poses potential risks[17] - The company’s repurchase account holds 4,851,100 shares, representing 1.35% of total shares outstanding[16] Other Notable Events - The company has received a notice regarding the detention of its actual controller, Chen Xiang, which may impact investor confidence and requires close monitoring[17] - The company’s inventory increased to RMB 33,565,565.13 from RMB 31,754,613.51, reflecting a growth of approximately 5.69%[20] - The company's cash and cash equivalents decreased by 60.17% due to daily operational expenditures[12] - The company's short-term borrowings decreased by 71.29% as a result of repaying due borrowings[12] - The total assets as of September 30, 2025, amounted to RMB 291,063,932.51, a decrease from RMB 335,243,544.19 as of December 31, 2024, indicating a decline of approximately 13.14%[19] - The company's cash and cash equivalents were reported at RMB 13,521,755.87, significantly lower than RMB 33,947,939.73 from the previous period, representing a decline of approximately 60.24%[19] - Accounts receivable stood at RMB 81,231,495.80, compared to RMB 86,558,019.00, showing a decrease of around 6.06%[19] - The non-current assets totaled RMB 142,080,716.21, a slight decrease from RMB 146,322,072.75, indicating a decline of about 2.00%[21]