YLYT(SZ:002878)2021-10-26 16:00Financial Performance - The company's revenue for Q3 2021 was approximately CNY 558.95 million, representing a year-on-year increase of 3.87% and a year-to-date increase of 7.50%[4] - The net profit attributable to shareholders for Q3 2021 was CNY 24.50 million, a decrease of 50.40% year-on-year, with a year-to-date decrease of 30.83%[4] - The basic earnings per share for Q3 2021 was CNY 0.11, down 50.00% compared to the same period last year[4] - The total operating revenue for the third quarter of 2021 was CNY 1,490,503,222.05, an increase of 7.5% compared to CNY 1,386,497,832.32 in the same period last year[22] - The net profit for the third quarter was CNY 102,555,601.70, a decrease of 25.2% from CNY 137,054,515.33 in the previous year[24] - The earnings per share (EPS) for the period was CNY 0.37, down from CNY 0.54 in the same quarter last year[24] Revenue Sources - The company reported a significant increase in new media marketing revenue, which grew by 41.32% year-on-year, and revenue from Beijing Winter Olympics licensed merchandise, which surged by 141.57%[9] Expenses and Costs - Research and development expenses increased by 43.70% year-on-year, reflecting the company's commitment to innovation and talent acquisition[11] - The company reported a 40.57% increase in sales expenses due to higher sales commissions related to the Winter Olympics precious metals revenue[11] - The total operating costs amounted to CNY 1,391,701,315.60, up from CNY 1,235,418,274.46, reflecting a year-over-year increase of 12.7%[22] Cash Flow and Liquidity - The cash flow from operating activities showed a significant negative net amount of CNY -57.76 million, indicating a decline of 1,222.91% year-to-date[4] - The company's cash and cash equivalents decreased to CNY 209,870,685.17 from CNY 376,036,264.15, reflecting a decline in liquidity[18] - The total cash inflow from investment activities was 120,856,469.45 CNY, down from 150,528,680.02 CNY in the previous quarter, reflecting a decrease in investment returns[28] - The net cash flow from financing activities was -130,885,522.35 CNY, compared to -91,382,496.34 CNY in the previous quarter, showing increased cash outflows related to financing[28] Assets and Liabilities - The total assets at the end of Q3 2021 were CNY 1.42 billion, a decrease of 2.08% from the end of the previous year[5] - The total assets as of the end of the third quarter were CNY 1,424,717,693.83, compared to CNY 1,455,013,221.93 at the end of the previous quarter[20] - The total liabilities were CNY 527,603,467.30, a decrease from CNY 592,603,610.35 in the previous quarter[20] - The company’s total current liabilities are CNY 590,973,563.13, a decrease of CNY 14,166,599.97 from the previous period[32] Employee and Operational Costs - Payments to employees increased by 30.30%, totaling CNY 113,001,436.47, driven by a rise in employee numbers and compensation[12] - The company paid 113,001,436.47 CNY to employees, which is an increase from 86,725,591.38 CNY in the previous quarter, indicating higher labor costs[27] Other Financial Metrics - The company reported a significant decrease in asset impairment losses, amounting to CNY -580,153.81, a reduction of 78.31% compared to the previous period[12] - Operating expenses decreased by 79.23%, totaling CNY 357,266.55, primarily due to reduced pandemic-related donations in the prior period[12] - Cash received from tax refunds decreased by 60.96%, amounting to CNY 5,751,312.18, attributed to a reduction in export tax rebates[12] - Cash received from other operating activities increased by 151.79%, reaching CNY 15,485,474.39, due to a significant rise in government subsidies[12] Company Developments - The company upgraded its design and research department to a design research center to enhance its capabilities in design, IT technology, and supply chain development[9] - The company expanded its client base, adding notable clients such as Yum China and Meituan, which is expected to support future revenue growth[10]