Yuntianhua released its third quarter report for 2024.
In the first three quarters of 2024, Yuntianhua achieved operating income of 46.724 billion yuan, a year-on-year decrease of 12.34%; the net profit was 5.1 billion yuan, an increase of 14.44% year-on-year; The net profit attributable to the parent company was 4.424 billion yuan, an increase of 19.42% year-on-year.
This work is created by Bread Finance researchers based on publicly available data and does not constitute investment advice to anyone.
Revenue decreased by 12.34% year-on-year, and net profit attributable to the parent company increased by 19.42% year-on-year
In the first three quarters of 2024, Yuntianhua's total operating income was 46.724 billion yuan, a year-on-year decrease of 12.34%; the net profit attributable to the parent company was 4.424 billion yuan, an increase of 19.42% year-on-year; The net profit attributable to the parent company after deducting non-profits was 4.345 billion yuan, an increase of 21.42% year-on-year.
In the first three quarters of 2024, Yuntianhua's R&D expenses were 318 million yuan, a year-on-year decrease of 14.32%. The company's R&D expenses accounted for 0.68% of revenue, a year-on-year decrease of 0.02 percentage points.
In a single quarter, Yuntianhua achieved revenue of 14.731 billion yuan in the third quarter, down 18.77% quarter-on-quarter and 18.54% year-on-year. From the perspective of profitability, the company's net profit attributable to the parent company in the third quarter was 1.583 billion yuan, an increase of 14.56% month-on-month and a year-on-year increase of 54.16%.
Operating cash flow increased by 6.83% year-on-year
According to the third quarter report of 2024, the company's net operating cash flow during the period was 7.506 billion yuan, an increase of 6.83% year-on-year from 7.026 billion yuan in the same period last year.
Yuntianhua's net operating cash flow in the third quarter was 2.886 billion yuan, a year-on-year decrease of 22.82%.
The inventory was 5.075 billion yuan, and the total liabilities decreased by 23.52% year-on-year
At the end of the third quarter of 2024, Yuntianhua's total liabilities were 26.625 billion yuan, a year-on-year decrease of 23.52%.
Yuntianhua's asset-liability ratio was 52.51%, compared with 61.71% in the same period last year, a year-on-year decrease of 9.20 percentage points.
As of the end of the third quarter of 2024, the company's inventory was 5.075 billion yuan, a year-on-year decrease of 22.17%.
(Article serial number: 1845914218256273408/PLH.)
Disclaimer: This article does not constitute any investment advice to anyone. Intellectual Property Rights Statement: The intellectual property rights of Bread Finance works are owned by Shanghai Miaotan Network Technology Co., Ltd.