YILI(SH:600887)2022-10-27 16:00Financial Performance - The company's revenue for Q3 2022 reached ¥30,286,813,946.99, representing a year-on-year increase of 6.72%[3] - Net profit attributable to shareholders decreased by 26.46% to ¥1,928,539,634.85 in Q3 2022[3] - The net profit excluding non-recurring gains and losses fell by 33.27% to ¥1,692,818,530.48 for the same period[3] - Basic earnings per share decreased by 31.82% to ¥0.30, while diluted earnings per share also dropped by 30.23%[3] - The weighted average return on equity decreased by 3.78 percentage points to 4.08% in Q3 2022[3] - Total operating revenue for the first three quarters of 2022 reached ¥93.86 billion, an increase of 10.8% compared to ¥85.01 billion in the same period of 2021[13] - Operating profit for the first three quarters of 2022 was ¥9.55 billion, slightly up from ¥9.41 billion in the previous year, reflecting a growth of 1.5%[13] - The net profit margin for the first three quarters of 2022 was approximately 9.9%, consistent with the previous year's margin[13] - The company's retained earnings reached ¥26.22 billion in Q3 2022, up from ¥24.30 billion in Q3 2021, showing an increase of 7.9%[12] - The total comprehensive income attributable to the parent company's owners for Q3 2022 was CNY 5,949,396,584.66, down from CNY 7,934,188,008.33 in Q3 2021, a decline of approximately 25.0%[14] Assets and Liabilities - Total assets increased by 22.88% to ¥125,294,687,165.68 compared to the end of the previous year[3] - The company's total assets reached ¥125.29 billion in Q3 2022, up from ¥101.96 billion in Q3 2021, indicating a growth of 22.8%[12] - Total liabilities as of the end of Q3 2022 amounted to ¥73.26 billion, compared to ¥53.17 billion at the end of Q3 2021, representing a growth of 37.7%[12] - The company's short-term borrowings increased to ¥28.72 billion in Q3 2022, compared to ¥12.60 billion in Q3 2021, reflecting a significant rise of 128.5%[12] - The company's total equity reached CNY 41.63 billion, compared to CNY 38.59 billion in the previous year, reflecting an increase of about 7.9%[20] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥8,874,706,465.42, down 28.54% year-on-year[3] - The net cash flow from operating activities for the first nine months of 2022 was CNY 8,874,706,465.42, down from CNY 12,418,665,061.72 in the previous year, a decrease of approximately 28.8%[16] - The net cash flow from financing activities was CNY 11,104,386,152.82 in the first nine months of 2022, a significant improvement from CNY -914,189,107.34 in the same period of 2021[17] - The cash and cash equivalents at the end of Q3 2022 amounted to CNY 39,110,051,524.71, an increase from CNY 17,177,740,114.29 at the end of Q3 2021, representing a growth of approximately 128.5%[17] Shareholder Information - The number of common shareholders at the end of the reporting period was 480,896[6] - The top ten shareholders held a combined 40.27% of the total shares, with Hong Kong Central Clearing Limited being the largest shareholder at 18.14%[6] - The company reported a total of 2.86 billion shares outstanding, with 1.16 billion shares held by the largest shareholder[6] Research and Development - Research and development expenses increased to ¥532.54 million in 2022, up from ¥402.46 million in 2021, marking a rise of 32.3%[13] - Research and development expenses for the first three quarters of 2022 were ¥405.13 million, a slight increase from ¥366.13 million in the same period of 2021[21] Market Strategy - The increase in sales expenses due to intensified market competition contributed to the decline in net profit[5] - The company plans to continue focusing on market expansion and product innovation to enhance competitiveness in the future[5]