YLT(SH:600197)2020-10-27 16:00Financial Performance - Operating revenue for the period was CNY 1,158,087,587.06, representing a decline of 23.34% year-on-year[17]. - Net profit attributable to shareholders was CNY 202,454,546.15, down 33.05% from the same period last year[17]. - Basic earnings per share decreased by 32.14% to CNY 0.4653[17]. - The company's operating profit decreased by 34.16% compared to the beginning of the period, primarily due to reduced revenue from the pandemic[27]. - The company's net profit for Q3 2020 was CNY 56,211,150.77, a decrease from CNY 100,320,841.36 in Q3 2019, representing a decline of approximately 44%[59]. - The total profit for Q3 2020 was CNY 84,699,122.90, down from CNY 169,959,860.78 in Q3 2019, reflecting a decrease of about 50%[59]. - The company's net profit margin decline, with net profit for the first three quarters of 2020 at ¥1,158,087,587.06, down from ¥1,510,615,908.60 in the same period of 2019[55]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,227,832,427.65, a decrease of 4.13% compared to the end of the previous year[17]. - The company's current assets totaled CNY 2,446,808,441.23, down from CNY 2,944,807,792.04 in December 2019, indicating a decline of approximately 16.9%[40]. - Total liabilities decreased to CNY 1,272,557,157.75 from CNY 1,458,053,076.12, a reduction of about 12.7%[46]. - The total liabilities to equity ratio stands at approximately 0.44, indicating a balanced capital structure[89]. - The total equity and liabilities combined amount to RMB 4,050,596,039.55, confirming the balance sheet's integrity[93]. Cash Flow - Net cash flow from operating activities was negative CNY 26,170,950.00, a significant decrease of 109.59% compared to the previous year[17]. - Cash inflow from operating activities was CNY 1,364,837,980.71, down from CNY 2,008,090,776.27 in the same period last year, indicating a decrease of approximately 32%[74]. - The net cash flow from investing activities was CNY -367,063,265.89, slightly improved from CNY -446,104,178.04 in the previous year[76]. - Cash outflow from financing activities was CNY 201,666,369.15, compared to CNY 255,901,876.54 in the same period last year, indicating a reduction of approximately 21%[76]. Shareholder Information - The total number of shareholders at the end of the reporting period was 36,637[21]. - The largest shareholder, Xinjiang Yili Group Co., Ltd., held 42.04% of the shares[21]. - The company's equity attributable to shareholders increased slightly to CNY 2,849,802,722.35 from CNY 2,845,035,723.42, indicating a marginal growth of 0.2%[46]. Operational Changes and Commitments - The company has committed to avoiding any business activities that are the same or similar to those of the public company to prevent competition[31]. - The company will take measures such as asset sales, injections, and divestitures to avoid potential competition with the public company after the acquisition is completed[31]. - The company has pledged to not engage in any related party transactions that could harm the interests of the public company and its shareholders[31]. - The company will ensure that its controlling entities do not engage in any business that competes with the public company, maintaining operational independence[35]. Research and Development - Research and development expenses increased to ¥4,449,905.49 in Q3 2020, compared to ¥1,576,816.17 in Q3 2019, reflecting a growth of 182.5%[55]. - The company's R&D expenses increased to CNY 4,459,905.49 in Q3 2020, up from CNY 1,576,816.17 in Q3 2019, reflecting a growth of approximately 183%[65].