ANGEL YEAST(SH:600298)2017-10-24 16:00Financial Performance - Operating income rose by 19.47% to CNY 4,182,818,679.74 for the first nine months of the year[7] - Net profit attributable to shareholders increased by 59.76% to CNY 611,534,298.35 year-on-year[7] - Basic earnings per share increased by 60.87% to CNY 0.74[8] - Operating profit rose by 59.47% to RMB 679,851,496.35 compared to RMB 426,306,417.60, attributed to sales scale growth and improved profitability[16] - Total profit increased by 58.11% to RMB 718,194,967.73 from RMB 454,247,925.31, driven by sales growth and enhanced operational efficiency[16] - Net profit for the quarter was ¥199,875,546.78, representing a 52.3% increase compared to ¥131,305,465.17 in Q3 of the previous year[31] - The company reported a total profit of ¥218,190,479.51, which is a 59.9% increase from ¥136,431,925.75 in the same quarter last year[32] - The net profit attributable to the parent company was ¥190,624,894.81, up 54.7% from ¥123,062,002.14 year-over-year[32] Asset and Liability Management - Total assets increased by 14.41% to CNY 7,754,127,799.20 compared to the end of the previous year[7] - Total liabilities amounted to CNY 3,915,429,649.44, up from CNY 3,279,965,828.85, indicating a growth of around 19.4%[24] - Long-term borrowings surged by 502.90% to RMB 904,349,500.00 from RMB 150,000,000.00, reflecting a strategic shift in debt structure[15] - The total non-current liabilities increased significantly to CNY 1,052,406,160.48 from CNY 294,286,791.73, indicating a rise of approximately 257.5%[24] - The company's equity attributable to shareholders reached CNY 3,598,729,825.74, compared to CNY 3,253,369,621.91, an increase of approximately 10.6%[25] Cash Flow Analysis - Net cash flow from operating activities improved by 30.70% to CNY 688,222,425.36 for the year-to-date[7] - Cash flow from operating activities increased by 30.70% to RMB 688,222,425.36 from RMB 526,556,535.70, reflecting better sales performance and credit policy management[20] - The company received tax refunds of RMB 125,750,709.63, a 113.65% increase from RMB 58,858,683.24, mainly due to increased export tax rebates[20] - Total cash inflow from operating activities reached CNY 3,682,124,665.64, compared to CNY 2,932,983,603.42 in the previous year, indicating a year-over-year increase of about 25.5%[40] - Cash outflow for purchasing goods and services was CNY 2,949,456,538.73, up from CNY 2,416,112,591.74, representing an increase of approximately 22%[40] Shareholder Information - The total number of shareholders reached 33,468 by the end of the reporting period[13] - The largest shareholder, Hubei Angel Yeast Group Co., Ltd., holds 39.98% of the shares[13] Operational Efficiency - Tax expenses rose by 63.57% to RMB 71,901,275.72 from RMB 43,958,178.17, correlating with increased total profit[16] - Sales expenses for the quarter were ¥138,483,312.87, an increase of 11.9% from ¥123,687,460.15 year-over-year[30] - Management expenses rose to ¥99,873,064.10, reflecting a 5.8% increase from ¥95,129,354.86 in the same period last year[30] Inventory and Receivables - Accounts receivable increased by 56.81% to RMB 94,512,049.53 from RMB 60,271,233.93, driven by sales growth and increased customer bill settlements[15] - Inventory levels rose to CNY 1,356,048,529.80 from CNY 1,214,077,802.30, reflecting an increase of about 11.7%[23]