Youngor Fashion (600177) Q3 2024 earnings summary

Executive summary

• Revenue for the first nine months of 2024 reached ¥8.40 billion, up 12.63% year-over-year, driven by concentrated real estate deliveries in Q3.

• Net profit attributable to shareholders was ¥2.51 billion, down 6.73% year-over-year; net profit excluding non-recurring items fell 3.37%.

• Q3 revenue surged 69.59% year-over-year due to real estate project handovers.

Financial highlights

• Q3 revenue: ¥2.69 billion, up 69.59% year-over-year.

• Q3 net profit attributable to shareholders: ¥647 million, up 2.98% year-over-year.

• Net cash flow from operating activities for the first nine months: ¥697 million, down 80.36% year-over-year due to lack of new real estate projects.

• Total assets at Q3-end: ¥74.58 billion, down 7.36% from year-end 2023.

• Shareholders’ equity: ¥40.74 billion, up 3.88% from year-end 2023.

Outlook and guidance

• Continued focus on strengthening partnerships with major commercial entities and expanding presence in high-end shopping centers.

• Ongoing optimization of investment structure and cash flow management.