On October 27, Youngy announced that its third-quarter operating revenue was Yuan 915 million, up 343.61% year on year, and net profit attributable to shareholders of the listed company was Yuan 472 million, up 706.71% YoY.
In the first three quarters, the company achieved operating revenue of Yuan 2.439 billion, up 378.58% YoY, and net profit attributable to shareholders of the listed company of Yuan 1.473 billion, up 925.78% YoY. The change in performance was mainly attributable to the significant year-on-year increase in both the output and sales volume and the selling prices of lithium concentrate during the reporting period, as well as the substantial increase in net profit of Chengdu Youngy Lithium, an associate lithium salt enterprise of the company, which led to a significant year-on-year increase in the Company's profit.
Note: The company's Q3 net profit was Yuan 472 million, and Q2 net profit was Yuan 724 million. Based on this calculation, Q3 net profit declined 34% quarter on quarter.
Edited by Cassie Li, lixiangying@mysteel.com
