Angel Yeast disclosed on October 23, 2021 that the company achieved a total operating income of 7.59 billion yuan in the first three quarters of 2021, an increase of 18.2% year-on-year; a net profit attributable to the mother of 1.02 billion, an increase of 0.5% year-on-year; and earnings per share of 1.24 yuan.
During the period, the expense ratio decreased by 5.8%, the effect of expense control was remarkable, and the operating cash flow fell sharply
The company's operating costs in the third quarter of 2021 were 5.35 billion, an increase of 39% year-on-year, higher than the growth rate of operating income of 18.2%, resulting in a 10.6% decline in gross profit margin. The expense ratio during the period was 14.9%, down 5.8% from last year, and the effect of cost control was remarkable. Operating cash flow fell sharply by 72.5% to 420 million.
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