Yanghe(SZ:002304) Xin Lang Cai Jing·2025-11-12 03:10Core Insights - Yanghe Co., Ltd. reported a significant decline in revenue and net profit for the first three quarters of the year, with revenue at 18.09 billion yuan, down 34.26% year-on-year, and net profit at 3.975 billion yuan, down 53.66% [3]. Financial Performance - The company's operating income for the reporting period was approximately 3.29 billion yuan, reflecting a decrease of 29.01% compared to the same period last year [3]. - The net profit attributable to shareholders decreased by 158.38% to -368.65 million yuan, while the net profit excluding non-recurring gains and losses fell by 204.12% to -474.69 million yuan [3]. - Basic and diluted earnings per share were both -0.2447 yuan, a decline of 158.37% [3]. - The weighted average return on equity was -0.48%, down 1.52% from the previous year [3]. Assets and Liabilities - As of the end of the third quarter, total assets were approximately 59.50 billion yuan, a decrease of 11.64% from the end of the previous year [3]. - The equity attributable to shareholders was about 48.56 billion yuan, down 5.86% from the previous year [3]. - Contract liabilities reached 6.42 billion yuan, an increase of 29% year-on-year [4]. Market Strategy - Yanghe Co., Ltd. focuses on the Jiangsu market and highland markets, optimizing resource allocation to stabilize key markets [4]. - The company aims to manage inventory and promote sales through various strategies, including controlling the quantity and price of its main products, such as "Dream Blue" and "Sea Blue" [4].