Joyoung Co., Ltd. Third Quarterly Report
Ticker: 002242 Stock Abbreviation: Joyoung
Joyoung Co., Ltd.
Interim Report of the Third Quarter 2024
The Company and all members of the Board of Directors have guaranteed that the information disclosed is true, accurate
and complete, and contains no false record, misleading statements or material omissions.
Important notes:
Board of Directors, the Supervisory Committee as well as all the directors, supervisors and senior
management staff of Joyoung Co., Ltd. (hereinafter referred to as the “Company”) have guaranteed that this
Report contains no false record, misleading statement or material omission and shall be jointly and severally
liable for the factuality, accuracy and completeness of the information given in this Report.
CEO of the Company, CFO of the Company, and Chief Accountant of Accounting Institution, declared that
the quarterly financial statements should be true, accurate and complete.
In case of any discrepancy, the Chinese version of the report shall prevail.
Whether the third quarterly report was audited
□ Yes √ No
1
Joyoung Co., Ltd. Third Quarterly Report
I. Key Accounting Data and Financial Indicators
1. Key Accounting Data and Financial Indicators
Whether the Company performed a retroactive adjustment to or restatement of accounting data
□Yes√ No
From 1 January
From 1 July 2024 to
YoY Change 2024 to 30 YoY Change
30 September 2024
September 2024
Operating revenues (RMB Yuan) 1,795,401,886.07 -27.12% 6,182,055,590.30 -8.84%
Net profits attributable to shareholders of the Company
-77,328,704.46 -166.46% 98,063,944.12 -73.02%
(RMB Yuan)
Net profits attributable to shareholders of the Company
-81,396,143.29 -172.45% 129,904,193.03 -61.62%
before non-recurring gains and losses (RMB Yuan)
Net cash flow from operating activities (RMB Yuan) — — 416,958,032.06 -2.37%
Basic earnings per share (RMB Yuan /share) -0.10 -162.50% 0.13 -73.47%
Diluted earnings per share (RMB Yuan /share) -0.10 -162.50% 0.13 -73.47%
Weighted average return on net assets Decreased by Decreased by
-2.20% 2.83%
5.61 percent point 7.92 percent point
30 September 2024 31 December 2023 Flux
Total assets (RMB) 7,515,021,102.80 7,612,080,030.42 -1.28%
Net assets attributable to shareholders of the Company
3,460,916,058.40 3,471,347,161.90 -0.30%
(RMB)
2. Non-recurring gain and loss items and amounts thereof
√ Applicable □Not applicable
Unit: RMB
From 1 July 2024 to From 1 January 2024
Item Note
30 September 2024 to 30 September 2024
Profit or loss from disposal of non-current assets (including the Mainly due to gain on
1,209,793.36 8,674,631.61
write off of the provision for impairment of assets) disposal of equity
Government grants included in the current profit or loss (that is Mainly government
closely related to the operations of the Company, except for those grants
1,353,328.43 11,849,646.18
of fixed quotas or amounts according to the nationally unified
standards)
Gains or losses from changes in fair value arising from the Mainly due to changes
holding of trading financial assets, derivative financial assets, in fair value of financial
trading financial liabilities and derivative financial liabilities and products
investment income from the disposal of trading financial assets,
4,339,852.62 -55,102,935.25
derivative financial assets, trading financial liabilities, derivative
financial liabilities and other debt investments, excluding the
effective hedging business related to the Company’s normal
business operations
Other non-operating income or expenses except the above items -2,433,714.07 -2,197,386.94
Less: Impact of income taxes 341,696.13 -5,735,631.19
Impact of minority interests (after tax) 60,125.38 799,835.70
Total 4,067,438.83 -31,840,248.91 --
Other details of other profit and loss items that meet the definition of non-recurring profit or loss
□ Applicable √ Not applicable
The Company does not have other details of gain or loss items that meet the definition of non-recurring gain or loss.
2
Joyoung Co., Ltd. Third Quarterly Report
For non-recurring profit or loss items listed in the Interpretative Announcement on Information Disclosure of Companies Offering
Securities to the Public No. 1 — Non-recurring Profit or Loss that have been defined as recurring profit or loss items by the Company,
please provide the reasons
□ Applicable √ Not applicable
Not Applicable to the Company.
3. Changes in key accounting data and financial indicators and reasons for such changes
√ Applicable □Not applicable
Unit: RMB
Item 30 September 2024 31 December 2023 Flux Notes
Mainly due to the recovery of financing products
Trading financial assets 5,022,027.78 -100.00%
during the period
Mainly as a result of business merger during the
Goodwill 120,156,141.45 100.00%
period
Mainly attributable to the decrease in the collection
Notes receivable 540,129,046.99 1,145,265,457.70 -52.84%
of notes receivable during the period
Mainly due to collection of other receivables during
Other receivables 23,578,548.14 81,174,451.49 -70.95%
the period
Mainly attributable to the increase in receivables
Long-term receivables 8,799,000.00 5,883,450.00 49.56%
from equity transfers during the period
Mainly due to the increase in renovation projects at
Construction in progress 13,076,054.68 8,379,340.61 56.05%
the Jinan headquarter
Mainly attributable to the increase in right-of-use
Right-of-use assets 65,749,417.11 35,953,302.35 82.87%
assets during the period
Mainly attributable to the increase in deductible
Deferred tax assets 165,108,001.21 111,634,650.71 47.90%
temporary differences during the period
Mainly attributable to an increase in the use of
Notes payable 2,095,882,151.99 1,606,217,651.11 30.49%
notes for payment during the period
Mainly due to payment of year-end bonuses during
Payroll payable 13,486,781.73 139,617,024.49 -90.34%
the period
Mainly as a result of the increase in lease liabilities
Current portion of non-current liabilities 30,982,571.29 19,091,131.36 62.29%
during the period
Mainly attributable to the decrease in endorsed
Other current liabilities 63,426,938.09 197,217,987.77 -67.84% bankers' acceptances not derecognized during the
period
Mainly as a result of the increase in lease liabilities
Lease liabilities 35,238,253.52 18,213,206.13 93.48%
during the period
Mainly as a result of differences on translation of
Other comprehensive income 5,808,620.85 22,281,707.52 -73.93%
foreign currency financial statements
From 1 January From 1 January
Item 2024 to 30 2023 to 30 YoY Note
September 2024 September 2023
Mainly due to the increase in VAT credit for
Other income 32,903,497.97 22,115,084.98 48.78% advanced manufacturing industry in the current
period
Mainly attributable to the decrease in investment
Investment income/(loss) 14,176,615.31 38,007,947.61 -62.70%
income from affiliated business during the period
Gains/(Losses) on changes in fair
-55,102,935.25 -2,792,536.64 -1873.22% Mainly due to changes in fair value of funds
value
Mainly attributable to the decrease in bad debts in
Credit impairment losses 2,122,947.87 -13,734,138.50 115.46%
accounts receivable during the period
Mainly attributable to the decrease in bad debts on
Asset impairment losses -2,292,486.50 -4,283,143.29 46.48%
prepaid expense during the period
Mainly due to less gain on disposal of long-term
Losses on disposal of assets 2,702,993.34 16,935,282.17 -84.04%
assets during the period
The main reason is the write-off of unpayable
Non-operating income 4,569,982.20 659,231.65 593.23%
amounts in this period.
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Joyoung Co., Ltd. Third Quarterly Report
Non-operating expenses 8,065,730.87 4,675,912.72 72.50% Mainly due to increase in donations
Mainly as a result of fluctuation in profit for the
Income tax expenses -13,747,619.99 43,388,145.49 -131.69%
period
Mainly due to the increase in investment recovery
Net cash flows from investing activities 89,622,753.17 33,088,499.28 170.86%
during the period
Mainly due to the decrease in dividends distribution
Net cash flows from financing activities -164,292,598.78 -274,331,953.65 40.11%
during the period
II. Shareholder Information
1. Total number of common shareholders and shareholdings of the top ten common shareholders at the period-end
Unit: share
Total number of common shareholders at the end Total number of preferred shareholders with resumed
41,781 0
of the Reporting Period voting rights at the end of the Reporting Period (if any)
Top 10 common shareholders
Total shares Number of Pledged or frozen shares
Nature of Shareholding
Name of shareholder held at the restricted
shareholder percentage Status Number
period-end shares held
Shanghai Lihong Enterprise Domestic non-
Management Co., Ltd. state-owned 50.13% 384,523,746 0 N/A 0
corporation
BILTING DEVELOPMENTS Foreign
16.94% 129,924,090 0 N/A 0
LIMITED corporation
Joyoung ESOP Plan (Phase 1) Others 2.09% 16,000,000 0 N/A 0
Hong Kong Securities Clearing Foreign
1.52% 11,696,354 0 N/A 0
Co., Ltd. corporation
Central Huijin Investment Ltd. State-owned
1.46% 11,201,233 0 N/A 0
corporation
China Universal Asset
Management Co.,Ltd - Social Others 1.23% 9,463,210 0 N/A 0
Security Fund Portfolio No.423
China Life Insurance Co., Ltd.-
Traditional- General Insurance Others 0.58% 4,469,240 0 N/A 0
Product - 005L - CT001 SH
China Merchants Bank Co.,
Ltd. - Southern Asset Others 0.44% 3,410,237 0 N/A 0
Management CSI 1000 ETF
PICC P&C-Traditional-General
Others 0.44% 3,406,740 0 N/A 0
Insurance Products
CPIC-Dividend-Personal
Others 0.40% 3,045,512 0 N/A 0
Dividend
Top 10 non-restricted common shareholders
Number of non-restricted shares Type of shares
Name of shareholder
held Type of shares Number
RMB common
Shanghai Lihong Enterprise Management Co., Ltd. 384,523,746 384,523,746
stock
RMB common
BILTING DEVELOPMENTS LIMITED 129,924,090 129,924,090
stock
RMB common
Joyoung ESOP Plan (Phase 1) 16,000,000 16,000,000
stock
RMB common
Hong Kong Securities Clearing Co., Ltd. 11,696,354 11,696,354
stock
RMB common
Central Huijin Investment Ltd. 11,201,233 11,201,233
stock
China Universal Asset Management Co.,Ltd. - Social Security Fund 9,463,210 RMB common 9,463,210
4
Joyoung Co., Ltd. Third Quarterly Report
Portfolio No.423 stock
China Life Insurance Co., Ltd.-Traditional- General Insurance RMB common
4,469,240 4,469,240
Product - 005L - CT001 SH stock
China Merchants Bank Co., Ltd. - Southern Asset Management CSI RMB common
3,410,237 3,410,237
1000 ETF stock
RMB common
PICC P&C-Traditional-General Insurance Products 3,406,740 3,406,740
stock
RMB common
CPIC-Dividend-Personal Dividend 3,045,512 3,045,512
stock
In April 2019, the shareholding structure of BILTING
DEVELOPMENTS LIMITED changed. MR. Xuning WANG, the actual
controller of the Company, became the actual controller of BILTING
DEVELOPMENTS LIMITED (See Report No. 2019-027 of the Company
on www.chinainfo.com.cn.). As a result, Shanghai Lihong Enterprise
Management Co., Ltd. and BILTING DEVELOPMENTS LIMITED, both
controlled by Mr. Xuning WANG, are defined as acting-in-concert parties
by the Administrative Measures for the Takeover of Listed Companies.
Other than the aforementioned related and acting-in-concert parties,
Related or acting-in-concert parties among shareholders above the Company is uncertain about whether there are related or acting-in-
concert parties among shareholders above.
In July 2024, BILTING DEVELOPMENTS LIMITED changed its
name to JS Global Capital Management Limited, which is still a party
acting in concert with the controlling shareholder of the Company,
Shanghai Lihong Enterprise Management Co., Ltd. The aforementioned
change does not involve any equity change of the Company’s controlling
shareholder and has no impact on the Company's operating activities, and
there has been no change in the Company's controlling shareholder and
de facto controller.
Explanation on common shareholders participating in securities
N/A
margin trading (if any)
The number of ordinary shares held in the repurchase specialized
Explanation on the existence of repurchase special accounts among account of Joyoung Co., Ltd. at the end of the reporting period was
the top 10 shareholders 4,000,000 shares, accounting for 0.52% of the total share capital of the
Company.
Shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with non-restricted
shares outstanding participating in the lending and transfer of shares business
√Applicable □ Not applicable
Unit: Share
Shareholders holding more than 5% of shares, top 10 shareholders and top 10 shareholders with non-restricted shares outstanding
participating in the lending and transfer of shares business
Shares lent on the lending Shares lent on the lending
General and credit account General and credit account
and transfer business and and transfer facility and
holdings at the beginning of holdings at the end of the
Name of not yet returned at the not yet returned at the end
the period period
shareholder beginning of the period of the period
Total Percentage Total Percentage of Total Percentage Total Percentage
shares of total share shares total share shares of total share Shares of total share
5
Joyoung Co., Ltd. Third Quarterly Report
capital capital capital capital
China Merchants
Bank Co., Ltd. -
Southern Asset 356,837 0.05% 83,500 0.01% 3,410,237 0.44% 0 0.00%
Management CSI
1000 ETF
Top 10 shareholders and top 10 shareholders with non-restricted shares outstanding changed from the previous
period due to lending/repatriation in the lending and transfer of shares business
□ Applicable √ Not applicable
2.Total Number of Preferred Shareholders and TOP 10 Preferred Shareholders and Their Shareholdings
□ Applicable √ Not applicable
III. Other Significant Events
□ Applicable √ Not applicable
IV. Quarterly Financial Statements
1. Financial Statements
1.1 CONSOLIDATED BALANCE SHEET
Prepared by: Joyoung Co., Ltd.
30 September 2024
Unit: RMB
Item 30 September 2024 1 January 2024
Current assets:
Cash at bank and on hand 2,582,279,500.01 2,431,377,953.47
Deposit reservation for balance
Lending funds
Trading financial assets 5,022,027.78
Derivative financial assets
Notes receivable 540,129,046.99 1,145,265,457.70
Accounts receivable 1,251,541,037.23 1,009,769,220.20
Receivables financing 145,704,162.34 113,072,886.20
Prepaid expense 48,926,958.34 40,569,709.89
Premium receivable
Reinsurance accounts receivable
Provision of cession receivable
Other receivables 23,578,548.14 81,174,451.49
Including: Interest receivable
Dividend receivable
Redemptory monetary capital for sale
Inventories 622,761,328.39 558,417,131.83
Including: Data Resource
Contract assets
Holding assets for sale
6
Joyoung Co., Ltd. Third Quarterly Report
Item 30 September 2024 1 January 2024
Current portion of non-current assets
Other current assets 195,937,001.48 242,101,070.20
Total current assets 5,410,857,582.92 5,626,769,908.76
Non-current assets:
Issuance of loans and advances
Equity expense
Other equity investments
Long-term receivables 8,799,000.00 5,883,450.00
Long-term equity investments 149,707,878.85 142,801,263.54
Investments in other equity instruments 284,813,816.98 290,575,197.32
Other non-current financial assets 423,518,526.12 479,448,325.26
Investment properties 87,531,503.34 94,895,832.88
Fixed assets 584,769,270.31 611,365,494.86
Construction in progress 13,076,054.68 8,379,340.61
Productive biological asset
Oil and gas assets
Right-of-use assets 65,749,417.11 35,953,302.35
Intangible assets 134,120,612.30 117,464,913.01
Including: Data Resource
Development expenditures
Including: Data Resource
Goodwill 120,156,141.45
Long-term prepaid expenses 1,813,297.53 1,908,351.12
Deferred tax assets 165,108,001.21 111,634,650.71
Other non-current assets 65,000,000.00 85,000,000.00
Total non-current assets 2,104,163,519.88 1,985,310,121.66
TOTAL ASSETS 7,515,021,102.80 7,612,080,030.42
Current liabilities:
Short-term borrowings
Loans from the central bank
Loans from other banks
Trading financial liabilities
Derivative financial liability
Notes payable 2,095,882,151.99 1,606,217,651.11
Accounts payable 1,384,376,478.96 1,713,571,450.01
Unearned revenue
Contract liabilities 236,188,057.96 204,341,444.90
Financial assets sold for repurchase
Deposits from customers and interbank
Receivings from vicariously traded securities
Receivings from vicariously sold securities
Payroll payable 13,486,781.73 139,617,024.49
Tax payable 54,162,612.44 66,870,416.50
Other payables 92,658,261.67 119,655,990.70
Including: Interest payable
Dividend payable
Handling fees and commissions payable
Dividend payable for reinsurance
Holding liabilities for sale
Current portion of non-current liabilities 30,982,571.29 19,091,131.36
Other current liabilities 63,426,938.09 197,217,987.77
Total current liabilities 3,971,163,854.13 4,066,583,096.84
Non-current liabilities
Reserve fund for insurance contracts
Long-term borrowings
7
Joyoung Co., Ltd. Third Quarterly Report
Item 30 September 2024 1 January 2024
Bonds payable
Including: Preferred stock
Perpetual bonds
Lease liabilities 35,238,253.52 18,213,206.13
Long-term payables
Long-term payroll payable
Accrued liabilities 2,175,340.58 3,046,860.41
Deferred income 6,787,152.99 7,757,777.97
Deferred tax liabilities 27,393,218.87 30,232,127.06
Other non-current liabilities
Total non-current liabilities 71,593,965.96 59,249,971.57
Total liabilities 4,042,757,820.09 4,125,833,068.41
Shareholders’ equity
Share capital 767,017,000.00 767,017,000.00
Other equity instruments
Including: preferred stock
Perpetual bond
Capital surplus 690,487,014.90 668,056,425.85
Less: Treasury stock 68,026,879.84 68,026,879.84
Other comprehensive income 5,808,620.85 22,281,707.52
Special reserve
Surplus reserve 397,820,873.71 397,820,873.71
General risk reserve
Undistributed profits 1,667,809,428.78 1,684,198,034.66
Total equity attributable to shareholders of the Company 3,460,916,058.40 3,471,347,161.90
Minority interests 11,347,224.31 14,899,800.11
Total shareholders’ equity 3,472,263,282.71 3,486,246,962.01
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 7,515,021,102.80 7,612,080,030.42
Legal representative: Ningning Yang Principal in charge of accounting: Jiangang Kan Head of accounting department: Wen Guo
1.2 CONSOLIDATED INCOME STATEMENTS FOR THE NINE MONTHS ENDED 30 SEPTEMBER 2024
Unit: RMB
For the nine months ended For the nine months ended
Item
30 September 2024 30 September 2023
Total revenue 6,182,055,590.30 6,781,172,561.74
Including: Operating revenue 6,182,055,590.30 6,781,172,561.74
Interest income
Earned Premium
Handling fees and commission income
Total operating cost 6,095,146,683.64 6,425,277,119.84
Including: Cost of sales 4,558,203,466.76 5,059,468,353.71
Interest expense
Handling fees and commission expenses
Surrender value
Net payments for insurance claims
Net provision for insurance liability
Bond insurance expense
Amortized Reinsurance Expenditures
Taxes and surcharges 24,870,131.67 26,471,397.57
Selling and distribution expenses 1,061,819,478.58 892,555,999.96
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Joyoung Co., Ltd. Third Quarterly Report
For the nine months ended For the nine months ended
Item
30 September 2024 30 September 2023
General and administrative expenses 246,077,944.68 246,469,168.86
Research and development expenses 272,308,636.26 253,378,153.81
Financial income -68,132,974.31 -53,065,954.07
Including: Interest expenses 1,711,118.84 1,329,106.73
Interest income 73,136,123.89 32,331,853.69
Add: Other income 32,903,497.97 22,115,084.98
Investment income/(loss) 14,176,615.31 38,007,947.61
Including: Investment income from associates and joint ventures 6,906,615.31 30,781,830.53
Profits or losses arising from derecognition of financial
assets measured at amortized costs
Foreign exchange gains/(losses)
Net exposure to hedging gains/(losses)
Gains/(Losses) on changes in fair value -55,102,935.25 -2,792,536.64
Credit impairment losses 2,122,947.87 -13,734,138.50
Asset impairment losses -2,292,486.50 -4,283,143.29
Losses on disposal of assets 2,702,993.34 16,935,282.17
Operating profit 81,419,539.40 412,143,938.23
Add: Non-operating income 4,569,982.20 659,231.65
Less: Non-operating expenses 8,065,730.87 4,675,912.72
Total profit 77,923,790.73 408,127,257.16
Less: Income tax expenses -13,747,619.99 43,388,145.49
Net Profit 91,671,410.72 364,739,111.67
(1) Classified by continuity of operations
Net profit from continuing operations 91,671,410.72 364,739,111.67
Net profit from discontinued operations
(2) Classified by ownership of the equity
Attributable to shareholders of the Company 98,063,944.12 363,513,922.70
Minority interests -6,392,533.40 1,225,188.97
Other comprehensive income, net of tax -16,473,086.67 7,669,789.68
Other comprehensive income attributable to equity owners of the Company,
-16,473,086.67 7,669,789.68
net of tax
(1) Other comprehensive income items which will not be reclassified
-5,761,380.34 7,962,056.68
subsequently to profit or loss
1) Changes arising from remeasurement of defined benefit plan
2) Other comprehensive income that cannot be transferred to profit or loss
under the equity method
3) Changes in fair value of investments in other equity instruments -5,761,380.34 7,962,056.68
4) Changes in fair value of an enterprise's own credit risk
5) Others
(2) Other comprehensive income items which will be reclassified
-10,711,706.33 -292,267.00
subsequently to profit or loss
1) Other comprehensive income available for transfer to profit or loss under
the equity method
2) Changes in fair value of other debt investments
3) Reclassification of financial assets to other comprehensive income
4) Provision for credit impairment of other debt investments
5) Cash flow hedge reserve
Differences on translation of foreign currency financial statements -10,711,706.33 -292,267.00
Others
Other comprehensive income attributable to minority shareholders, net of tax
9
Joyoung Co., Ltd. Third Quarterly Report
For the nine months ended For the nine months ended
Item
30 September 2024 30 September 2023
Total comprehensive income 75,198,324.05 372,408,901.35
Attributable to equity owners of the Company 81,590,857.45 371,183,712.38
Attributable to minority interests -6,392,533.40 1,225,188.97
Earnings per share:
(1) Basic earnings per share 0.13 0.49
(2) Diluted earnings per share 0.13 0.49
In the case of a business combination under the same control in the current period, the net income realized by the party being consolidated before
the combination was: $0.00, and the net income realized by the party being consolidated in the previous period was: $0.00.
Legal representative: Ningning Yang Principal in charge of accounting: Jiangang Kan Head of accounting department: Wen Guo
1.3 CONSOLIDATED CASH FLOW STATEMENTS
Unit: RMB
For the nine months ended For the nine months ended
Item
30 September 2024 30 September 2023
1. Cash flows from operating activities
Cash received from sales of goods or rendering of services 6,866,031,982.34 7,713,100,132.01
Net increase in customer deposits and deposits from banks and
other financial institutions
Net decrease in deposits with the Central Bank
Net decrease in deposits with other financial institutions
Cash received from premiums of original insurance contracts
Net cash received from reinsurance operations
Net increase in policyholders' savings and investment funds
Cash received from interest, fee and commission
Net increase in borrowed funds
Net increase in funds for repurchase operations
Net cash received from agency purchases and sales of securities
Refund of taxes and surcharges 186,210,379.70 140,157,462.78
Cash received relating to other operating activities 427,202,787.23 301,830,237.95
Sub-total of cash inflows 7,479,445,149.27 8,155,087,832.74
Cash paid for goods and services 4,974,666,834.18 5,404,457,828.45
Net increase in loans and advances to customers
Deposits from banks and other financial institutions
Cash payment of benefits from the original insurance contract
Net increase in funds removed
Cash paid for interest, fee and commission
Cash paid as policy dividends
Cash paid to and on behalf of employees 509,658,802.92 637,852,785.87
Payments of taxes and surcharges 242,772,857.57 542,579,834.73
Cash paid relating to other operating activities 1,335,388,622.54 1,143,111,281.84
Sub-total of cash outflows 7,062,487,117.21 7,728,001,730.89
Net cash flows from operating activities 416,958,032.06 427,086,101.85
2. Cash flows from investing activities
Cash received from disposal of investments 73,194,678.00 23,412,977.95
Cash received from returns on investments 61,787.09 7,823,331.00
Net cash received from disposal of fixed assets, intangible assets
5,266,929.69 1,933,448.00
and other long-term assets
10
Joyoung Co., Ltd. Third Quarterly Report
For the nine months ended For the nine months ended
Item
30 September 2024 30 September 2023
Net cash received from disposal of subsidiaries and other business
units
Cash received relating to other investing activities 209,691,594.59 215,537,704.52
Sub-total of cash inflows 288,214,989.37 248,707,461.47
Cash paid to acquire fixed assets, intangible assets and other
12,535,522.81 7,218,962.19
long-term assets
Cash paid to acquire investments 230,817.27
Net increase in pledged loans
Net cash paid to acquire subsidiaries and other business units 99,825,896.12
Cash paid relating to other investing activities 86,000,000.00 208,400,000.00
Sub-total of cash outflows 198,592,236.20 215,618,962.19
Net cash flows from investing activities 89,622,753.17 33,088,499.28
3. Cash flows from financing activities
Cash received from capital contributions 300,000.00
Including: Cash received from capital contributions by minority
300,000.00
shareholders of subsidiaries
Cash received from borrowings
Cash received relating to other financing activities
Sub-total of cash inflows 300,000.00
Cash repayments of borrowings
Cash payments for interest expenses and distribution of dividends
120,282,450.00 228,905,100.00
or profits
Including: Cash payments for dividends or profit to minority
5,829,900.00
shareholders of subsidiaries
Cash payments relating to other financing activities 44,310,148.78 45,426,853.65
Sub-total of cash outflows 164,592,598.78 274,331,953.65
Net cash flows from financing activities -164,292,598.78 -274,331,953.65
4. Effect of foreign exchange rate changes on cash
-12,134,876.56 21,456,401.20
and cash equivalents
5. Net increase in cash and cash equivalents 330,153,309.89 207,299,048.68
Add: Cash and cash equivalents at the beginning of the period 1,990,989,697.94 1,185,675,103.58
6. Cash and cash equivalents at the end of the period 2,321,143,007.83 1,392,974,152.26
2.Adjustments to items related to financial statements at the beginning of the year of first-time
implementation of new accounting standards from 2024 onwards
□ Yes √ No
3. Auditing Report
Whether the third quarterly report was audited
□ Yes √ No
Joyoung Co., Ltd. Board of Directors
31 October 2024
11