Youcai Resources released the third quarter report for 2024.
In the first three quarters of 2024, Youcai Resources achieved operating income of 1.614 billion yuan, a year-on-year decrease of 13.95%; the net profit was 97 million yuan, a year-on-year decrease of 12.71%; The net profit attributable to the parent company was 97 million yuan, a year-on-year decrease of 12.71%.
This work is created by Bread Finance researchers based on publicly available data and does not constitute investment advice to anyone.
Revenue decreased by 13.95% year-on-year, and net profit attributable to the parent company decreased by 12.71% year-on-year
In the first three quarters of 2024, the total operating income of Youcai Resources was 1.614 billion yuan, a year-on-year decrease of 13.95%; the net profit attributable to the parent company was 97 million yuan, a year-on-year decrease of 12.71%; The net profit attributable to the parent company after deducting non-profits was 95 million yuan, a year-on-year decrease of 18.36%.
In the first three quarters of 2024, the R&D expenses of Youcai Resources will be 62 million yuan, an increase of 111.38% year-on-year. The company's R&D expenses accounted for 3.84% of revenue, an increase of 2.27 percentage points year-on-year.
In a single quarter, Youcai Resources achieved revenue of 559 million yuan in the third quarter, an increase of 5.46% from the previous quarter and a year-on-year decrease of 25.34%. From the perspective of profitability, the company achieved a net profit attributable to the parent company of 27 million yuan in the third quarter, down 20.89% from the previous quarter and 36.91% from the same period last year.
Operating cash flow decreased by 1372.37% year-on-year
According to the third quarter report of 2024, the company's net operating cash flow during the period was -321 million yuan, a year-on-year decrease of 1372.37% from 25 million yuan in the same period last year.
The net operating cash flow of Youcai Resources in the third quarter was -77 million yuan, a year-on-year decrease of 347.41%.
The inventory was 532 million yuan, and the total liabilities increased by 18.84% year-on-year
At the end of the third quarter of 2024, the total debt of Youcai Resources was 822 million yuan, an increase of 18.84% year-on-year.
The asset-liability ratio of Youcai Resources was 31.54%, compared with 28.97% in the same period last year, an increase of 2.57 percentage points year-on-year.
As of the end of the third quarter of 2024, the company's inventory was 532 million yuan, an increase of 106.91% year-on-year.
(Article serial number: 1845783793789702144/EN.)
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