Youngor(SH:600177)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥3,276,611,326.82, a decrease of 47.08% compared to the same period last year[4] - The net profit attributable to shareholders for Q3 2022 was ¥1,061,088,455.49, down 50.37% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥1,035,884,466.15, a decrease of 48.57% compared to the previous year[4] - The basic and diluted earnings per share for Q3 2022 were both ¥0.23, reflecting a decline of 54.00%[5] - The weighted average return on equity for Q3 2022 was 2.94%, a decrease of 3.97 percentage points year-on-year[5] - The gross profit margin for the third quarter was 68.05%, a decrease of 4.30 percentage points compared to the previous year[11] - The total comprehensive income for Q3 2022 was approximately ¥4.23 billion, down from ¥5.81 billion in Q3 2021, a decrease of 27.1%[19] - Basic earnings per share for Q3 2022 were ¥0.91, an increase from ¥0.86 in Q3 2021, reflecting a growth of 5.8%[19] Assets and Liabilities - The total assets at the end of Q3 2022 were ¥73,975,901,686.84, a decrease of 7.79% compared to the end of the previous year[5] - The total assets decreased to ¥73,975,901,686.84 from ¥80,223,992,025.87, a decline of approximately 7.5%[16] - Total liabilities decreased to ¥37,214,785,048.06 from ¥46,052,334,917.79, representing a reduction of about 19.1%[16] - Non-current liabilities increased to ¥8,354,391,271.87 from ¥6,800,428,185.31, showing an increase of approximately 22.9%[16] - The company's total equity rose to ¥36,761,116,638.78 from ¥34,171,657,108.08, indicating an increase of about 7.6%[16] - Cash and cash equivalents decreased to ¥31,386,802,702.02 from ¥36,839,155,977.52, a decline of approximately 14.8%[15] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥3,004,300,280.30, reflecting a decrease of 200.63%[5] - The cash flow from operating activities for the first three quarters of 2022 was ¥7.69 billion, down from ¥11.91 billion in the same period of 2021, a decrease of 35.5%[21] - The net cash flow from investing activities in Q3 2022 was approximately ¥5.84 billion, a significant improvement from a negative cash flow of ¥477 million in Q3 2021[21] - The net cash flow from financing activities for Q3 2022 was negative at approximately ¥3.26 billion, compared to a negative cash flow of ¥4.67 billion in Q3 2021, indicating a reduction in outflows[22] Segment Performance - For the first nine months of 2022, the company achieved operating revenue of CNY 12,826.06 million, a year-on-year increase of 27.72%, and a net profit attributable to shareholders of CNY 4,193.27 million, up 10.96% year-on-year[10] - The fashion segment generated operating revenue of CNY 4,507.30 million, with the core brand YOUNGOR continuing to grow, while the overall net profit for this segment decreased by 23.20% due to pandemic impacts and adjustments in sub-brand operations[10] - The real estate segment reported operating revenue of CNY 8,326.82 million, with a net profit of CNY 2,307.42 million, reflecting year-on-year growth of 55.05% and 30.39%, respectively[12] - The investment segment reported a net profit of CNY 1,321.02 million, reflecting a year-on-year increase of 3.69%[12] Operational Highlights - The company reported a significant impact on revenue due to the cyclical nature of real estate development and project deliveries[7] - The company received government subsidies amounting to ¥16,920,103.29 during the reporting period, which are closely related to its normal business operations[6] - The company opened 3 new projects with a total new construction area of 305,800 square meters and completed 2 projects with an area of 188,200 square meters during the reporting period[12] - The total number of YOUNGOR retail outlets reached 2,045, with a total operating area of 473,100 square meters by the end of the reporting period[10] - The company’s online sales channels, including e-commerce and live streaming, showed growth, with e-commerce revenue increasing by 21.22% year-on-year[11] Research and Development - Research and development expenses increased to ¥90,875,346.67 from ¥82,380,516.15, reflecting a growth of approximately 10.1%[17]