Youngor(SH:600177)2020-10-30 16:00Financial Performance - Operating revenue for the first nine months was ¥8.66 billion, an increase of 26.10% year-on-year[6]. - Net profit attributable to shareholders for the first nine months was ¥5.58 billion, up 81.48% compared to the same period last year[6]. - The weighted average return on net assets increased by 9.23 percentage points to 20.19%[7]. - Basic earnings per share for the reporting period were ¥1.20, a 93.19% increase from ¥0.62 in the previous year[7]. - The company's total profit increased by 115.17% year-on-year, reaching 729,467.64 million[22]. - The net profit attributable to shareholders of 558,419.85 million, an increase of 81.48% compared to the previous year[22]. - The net profit for Q3 2020 reached ¥2.70 billion, compared to ¥1.04 billion in Q3 2019, marking an increase of about 158.3%[36]. - The net profit attributable to the parent company's shareholders for Q3 2020 was approximately ¥2.71 billion, compared to ¥1.05 billion in Q3 2019, representing a year-over-year increase of 158.5%[37]. Cash Flow and Investments - The net cash flow from operating activities increased by 30.58% year-on-year, reaching ¥2.22 billion[7]. - Cash flow from operating activities increased by 30.58% year-on-year, with net cash generated amounting to 172,477.02 million[23]. - The net cash flow from operating activities for the first three quarters of 2020 was CNY 2,218,116,451.67, an increase of 30.6% compared to CNY 1,698,650,147.42 in the same period of 2019[42]. - Total cash inflow from investment activities reached CNY 12,662,265,409.60, up from CNY 8,866,083,239.40 in the previous year, representing a growth of 42.2%[43]. - The company reported a significant increase in investment income, with Q3 2020 showing approximately ¥3.97 billion compared to ¥573.30 million in Q3 2019[39]. Assets and Liabilities - Total assets at the end of the reporting period were ¥75.32 billion, a decrease of 6.62% compared to the end of the previous year[6]. - Total liabilities as of September 30, 2020, were ¥47.38 billion, down from ¥52.65 billion, reflecting a decrease of about 10%[31]. - The company's total non-current assets decreased to ¥34.57 billion from ¥41.38 billion, a decline of approximately 16.5%[30]. - Long-term borrowings increased by 305.65% compared to the end of the previous year, amounting to 184,300.00 million[20]. - Total liabilities increased to ¥26.72 billion in Q3 2020, compared to ¥22.63 billion in Q3 2019, which is an increase of approximately 18.0%[34]. Shareholder Information - The total number of shareholders at the end of the reporting period was 105,676[10]. - The largest shareholder, Ningbo Youngor Holding Co., Ltd., held 1,529,058,577 shares, accounting for 33.03% of total shares[10]. - The company repurchased a total of 3,709,535 shares as part of its 2020 repurchase plan by September 30, 2020[7]. Segment Performance - The fashion apparel segment reported operating revenue of RMB 3,712.90 million, a decline of 12.33% year-on-year, with net profit down 31.33% to RMB 532.32 million[13]. - The real estate segment generated operating revenue of RMB 4,947.13 million, an increase of 87.82% year-on-year, with net profit rising 61.54% to RMB 1,470.16 million[13]. - Investment business net profit reached RMB 3,555.99 million, reflecting a significant growth of 155.52% compared to the previous year[13]. - Online sales surged by 124.27% in the first three quarters, indicating a strong recovery across various products, channels, and brands[14]. Operational Adjustments - The company accelerated its channel adjustment strategy, closing smaller stores while opening larger ones, resulting in a total of 2,354 retail outlets by the end of the reporting period[15]. - The company reported a total of 2,438 retail outlets with an average area of 47.20 square meters, reflecting a strategic focus on optimizing retail space[17]. - In the real estate sector, the company commenced 4 new projects with a total area of 400,900 square meters and completed 1 project with an area of 111,300 square meters in the first three quarters[17]. Other Financial Metrics - Other receivables increased by 73.69% compared to the end of the previous year, mainly due to an increase in land auction deposits by 77,813.00 million and an increase in cooperative development project receivables by 220,239.60 million[20]. - The company completed the transfer of 80% equity in Tianjin Langyida Enterprise Management Co., Ltd., resulting in a 100% decrease in held-for-sale assets and liabilities compared to the end of the previous year[20]. - Research and development expenses for Q3 2020 were ¥27.97 million, a decrease from ¥33.72 million in Q3 2019, showing a reduction of about 17.5%[35].