YBTI(600883)2024-10-30 09:45Financial Performance - The company's operating revenue for Q3 2024 was CNY 3,798,568.07, representing a year-on-year increase of 36.45%[2] - The net profit attributable to shareholders for Q3 2024 was CNY 19,260,170.44, a decrease of 40.64% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was CNY 11,934,809.24, down 35.95% year-on-year[2] - The basic earnings per share for Q3 2024 was CNY 0.0816, reflecting a decline of 40.61% compared to the previous year[2] - The net profit for Q3 2024 was CNY 57,509,100.78, a decrease of 29.3% compared to CNY 81,418,296.09 in Q3 2023[20] - The total comprehensive income for Q3 2024 was CNY 62,310,258.75, down 23.1% from CNY 80,968,260.44 in Q3 2023[22] - Basic and diluted earnings per share for Q3 2024 were CNY 0.2475, a decline of 29% from CNY 0.3479 in Q3 2023[22] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to CNY 1,018,829,609.75, an increase of 5.70% from the end of the previous year[3] - The total liabilities increased to CNY 55,509,030.16 as of September 30, 2024, compared to CNY 53,742,220.88 at the end of 2023, showing an increase of about 3.3%[17] - The company's retained earnings as of September 30, 2024, were CNY 495,779,494.55, up from CNY 449,159,202.27, indicating an increase of approximately 10.4%[18] Cash Flow - The company reported a net cash flow from operating activities of CNY -38,473,189.78 for the year-to-date period[2] - Cash flow from operating activities for the first three quarters of 2024 was CNY -38,473,189.78, compared to CNY -30,534,128.23 in the same period of 2023[24] - Cash inflow from operating activities totaled CNY 23,959,469.70 in the first three quarters of 2024, significantly up from CNY 11,287,249.28 in the same period of 2023[23] - Cash outflow from operating activities increased to CNY 62,432,659.48 in the first three quarters of 2024, compared to CNY 41,821,377.51 in the same period of 2023[24] - The net cash flow from investing activities for Q3 2024 was CNY -22,261,991.81, a decrease from CNY 59,925,316.19 in Q3 2023[24] - The net cash flow from financing activities for Q3 2024 was CNY -10,833,956.44, compared to CNY -19,505,501.89 in Q3 2023[24] - The ending cash and cash equivalents balance for Q3 2024 was CNY 35,770,381.68, down from CNY 57,882,881.39 in Q3 2023[25] Revenue Segmentation - For the first nine months of 2024, the company achieved a total revenue of CNY 20,499,751.17, representing a year-on-year increase of 139.63%[10] - The edible fungi business generated revenue of CNY 15,893,652.33, up 189.26% year-on-year, with a gross margin increase of 12.32 percentage points[11] - The ham and meat products segment reported revenue of CNY 3,471,161.64, a 25.78% increase, but the gross margin decreased by 1.53 percentage points due to rising production costs[11] - The coffee business, newly initiated, generated revenue of CNY 835,750.09, marking the first revenue from this segment as it was not operational in the previous year[11] Investments - The company’s investment in Xinjiang Zhonghe Co., Ltd. contributed CNY 59,290,430.18 in equity method investment income, a decrease of 25.72% year-on-year[12] - The company held financial assets with a fair value change gain of CNY 147,000 from entrusted wealth management products during the reporting period[13] - The company’s holdings in Yunnan Baiyao Co., Ltd. generated a fair value change gain of CNY 7,979,790, an increase of 869.36% year-on-year[14] - The company’s holdings in Zhonghe Convertible Bonds resulted in a fair value change gain of CNY 3,386,500, a decrease of 73.83% year-on-year[14] Market Expansion - The company continues to expand its international market presence, contributing to the increase in sales and revenue in the edible fungi segment[11]