YBTI(SH:600883)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥3,381,211.21, a decrease of 80.95% compared to the same period last year[3] - The net profit attributable to shareholders for Q3 2022 was ¥20,791,376.95, an increase of 62.63% year-over-year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥27,711,079.99, up 38.32% from the previous year[3] - The basic earnings per share for Q3 2022 was ¥0.0881, reflecting a 62.55% increase compared to the same period last year[5] - For the first nine months of 2022, the company achieved a total revenue of RMB 9,413,329.41, a decrease of 66.00% year-on-year[14] - The net profit attributable to shareholders for the same period was RMB 59,751,527.34, an increase of 71.82% year-on-year, primarily due to investment income of RMB 91,170,583.29, which increased by 94.01%[14] - The company reported a total operating income of CNY 595,192.62 million for the year-to-date, a decrease of 3.60% year-on-year[18] - The net profit attributable to shareholders was CNY 125,318.51 million, representing a year-on-year increase of 112.25%[18] - The net profit for the first three quarters of 2022 was CNY 59,751,527.34, an increase of 72.0% compared to CNY 34,774,949.97 in the same period of 2021[37] Asset and Equity Management - The total assets at the end of the reporting period were ¥845,495,594.42, representing an 8.78% increase from the end of the previous year[5] - The equity attributable to shareholders at the end of the reporting period was ¥792,849,901.52, a 7.27% increase year-over-year[5] - The company's long-term equity investments increased to CNY 558,497,962.30 from CNY 478,614,670.52, representing a growth of 16.7%[31] - Total assets as of September 30, 2022, amounted to CNY 845,495,594.42, an increase from CNY 777,255,145.82 at the end of 2021[31] Cash Flow and Investment - The cash flow from operating activities for the year-to-date was negative at -¥8,860,789.77, indicating a decline in cash flow[3] - The net cash flow from operating activities reached CNY 93,792.78 million, up 39.63% compared to the previous year[18] - Cash flow from operating activities for the first nine months of 2022 was negative at CNY -8,860,789.77, an improvement from CNY -18,642,078.61 in the same period of 2021[42] - Cash flow from investing activities showed a net outflow of CNY -16,141,547.31 for the first nine months of 2022, compared to CNY -77,473,193.06 in the previous year, indicating reduced investment losses[42] Business Segment Performance - The company reported a significant decrease in sales volume for cement and edible fungus products, contributing to the drop in revenue[9] - The cement business reported a revenue of RMB 3,056,790.73, down 63.74% year-on-year, with an average sales price increase of 10.67%[16] - The sales volume of cement products decreased by 67.24%, and production volume dropped by 86.58%, leading to a comprehensive sales gross margin of -11.43%, a decrease of 4.23 percentage points[14] - The edible fungi business saw a revenue decline of 83.36%, with fresh matsutake sales volume down approximately 91.85% due to adverse weather conditions[15] - The gross margin for edible fungi products decreased by 67.40 percentage points, with sales revenue significantly impacted by high procurement costs[15] - Other business revenue increased by 2,405.17%, primarily from the sale of raw materials related to the cement business, totaling RMB 3,062,315.27[16] - The company decided to cease operations in the cement production business, following the approval of the board and shareholders[14] Shareholder and Investment Activities - The fourth largest shareholder, Baoshan Yongchang Industrial Development Co., transferred 15,531,700 shares, representing 6.58% of the total share capital, to Baoshan Zhiyuan Education Investment Development Co.[13] - The company reported a significant increase in long-term equity investment income from Xinjiang Zhonghe Co., amounting to RMB 87,084,904.82, up 109.75% year-on-year[14] - The long-term equity investment income from Xinjiang Zhonghe Co., Ltd. was CNY 87,084,904.82, an increase of 109.75% year-on-year[18] - The company invested CNY 30 million in a trust plan, generating a fair value change income of CNY 286,561.65 during the reporting period[20] - The company completed a capital increase of CNY 20 million in its wholly-owned subsidiary, Shangri-La Bo Wen Food Co., Ltd., raising its registered capital to CNY 30 million[25] - The company acquired assets through its wholly-owned subsidiary, Shangri-La Bo Wen, with the details of the acquisition to be disclosed later[26] - The company reported a loss of CNY 14,314,560.00 from the sale of domestic stocks during the reporting period[24] Cost Management - Total operating costs for the first three quarters of 2022 were CNY 24,496,309.21, down 26.7% from CNY 33,461,542.56 in the previous year[35] - The company incurred a total operating expense of CNY 25,092,427.43 in the first nine months of 2022, down from CNY 42,453,834.31 in the previous year[42]