YYTH(SH:600096)2023-10-27 16:00Financial Performance - The company's operating revenue for Q3 2023 was ¥18,083,878,276.66, a decrease of 8.83% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2023 was ¥1,026,833,725.42, down 38.31% year-on-year[4]. - The basic earnings per share for Q3 2023 was ¥0.5598, reflecting a decline of 38.28% compared to the previous year[4]. - Total operating revenue for the first three quarters of 2023 was ¥53.30 billion, a decrease of 5.1% compared to ¥56.46 billion in the same period of 2022[14]. - Net profit for the first three quarters of 2023 was ¥4.46 billion, a decline of 26.4% from ¥6.05 billion in the same period of 2022[15]. - The company’s total comprehensive income for Q3 2023 was ¥4.52 billion, a decrease of 29.0% from ¥6.38 billion in Q3 2022[16]. Assets and Liabilities - The total assets at the end of Q3 2023 amounted to ¥56,414,874,036.60, representing a 6.00% increase from the end of the previous year[4]. - As of September 30, 2023, the company's total current assets amounted to approximately CNY 21.17 billion, an increase from CNY 20.75 billion as of December 31, 2022, reflecting a growth of about 2.0%[11]. - The company's total assets as of September 30, 2023, were CNY 56.41 billion, compared to CNY 53.22 billion at the end of 2022, indicating an increase of about 5.0%[12]. - Total liabilities as of the end of Q3 2023 amounted to ¥34.81 billion, an increase of 2.9% from ¥33.81 billion at the end of Q3 2022[13]. - Total liabilities decreased to CNY 32.23 billion from CNY 33.77 billion, showing a reduction of approximately 4.6%[12]. - The company’s total equity as of September 30, 2023, was CNY 24.18 billion, up from CNY 19.45 billion, indicating an increase of approximately 24.1% year-over-year[12]. Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥7,026,179,746.97, an increase of 28.11% year-on-year[4]. - In the first three quarters of 2023, the cash inflow from operating activities was CNY 59.13 billion, a decrease of 5.5% compared to CNY 62.68 billion in the same period of 2022[17]. - The net cash flow from operating activities for the first three quarters of 2023 was CNY 7.03 billion, an increase of 28.2% from CNY 5.48 billion in the previous year[18]. - Cash inflow from financing activities totaled CNY 17.53 billion, a decrease of 48.9% from CNY 34.34 billion in the same period of 2022[18]. - The net cash flow from financing activities was -CNY 2.25 billion, worsening from -CNY 1.68 billion in the previous year[18]. Shareholder Information - The company reported a total of 206,671 common shareholders at the end of the reporting period[7]. - The largest shareholder, Yuntianhua Group Co., Ltd., holds 38.12% of the shares, totaling 699,254,292 shares[7]. Expenses - Research and development expenses for Q3 2023 were ¥371.34 million, an increase of 62.0% compared to ¥229.41 million in Q3 2022[15]. - The company reported a decrease in financial expenses, totaling ¥554.36 million in Q3 2023, down 28.5% from ¥775.84 million in Q3 2022[15]. - The company paid CNY 1.72 billion to employees, an increase of 4.7% from CNY 1.64 billion in the same period of 2022[18]. - The company reported a decrease in tax payments to CNY 2.31 billion, down 21.3% from CNY 2.94 billion in the previous year[18]. Inventory and Receivables - The average selling price of major products decreased year-on-year, contributing to the decline in net profit for Q3 2023[6]. - Accounts receivable increased to CNY 2.42 billion from CNY 1.83 billion, marking a growth of approximately 32.2% compared to the previous year[11]. - The company reported a decrease in inventory from CNY 7.97 billion to CNY 6.52 billion, a decline of approximately 18.2%[11].