MIHF(SH:600337)2016-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 20.20% to CNY 2,439,398,709.99 year-on-year[9] - Net profit attributable to shareholders increased by 7.50% to CNY 218,260,212.69 compared to the same period last year[9] - Basic earnings per share rose by 9.68% to CNY 0.34 compared to the same period last year[9] - The net profit after deducting non-recurring gains and losses increased by 10.02% to CNY 219,152,767.31[9] - Total operating revenue for Q3 2016 was approximately ¥953.69 million, a 28.7% increase from ¥740.66 million in Q3 2015[32] - Net profit for Q3 2016 reached approximately ¥86.59 million, compared to ¥74.51 million in Q3 2015, reflecting a 16.2% increase[33] - The company reported a net profit of approximately ¥218.26 million for the first nine months of 2016, compared to ¥203.03 million in the same period of 2015, reflecting a 7.5% increase[33] Assets and Liabilities - Total assets increased by 7.57% to CNY 5,183,960,538.33 compared to the end of the previous year[9] - The company's net assets attributable to shareholders increased by 0.83% to CNY 3,080,343,591.89 compared to the end of the previous year[9] - Current liabilities rose to ¥1,803,620,120.71 from ¥1,537,612,958.40, an increase of about 17.3%[26] - Non-current liabilities increased to ¥299,996,825.73 from ¥226,734,916.44, reflecting a growth of approximately 32.3%[27] - Total liabilities reached ¥2,103,616,946.44, up from ¥1,764,347,874.84, marking an increase of around 19.2%[27] - Owner's equity totaled ¥3,080,343,591.89, slightly up from ¥3,054,951,265.77, indicating a growth of about 0.83%[27] Cash Flow - The net cash flow from operating activities for the first nine months was CNY 176,398,996.07, reflecting a 4.23% increase year-on-year[9] - The total cash inflow from operating activities for the first nine months was CNY 3,433,446,772.66, an increase of 12.9% compared to CNY 3,041,239,147.77 in the same period last year[39] - The cash inflow from financing activities was CNY 853,051,704.36, up from CNY 657,038,671.08 year-on-year, indicating a 29.8% increase[40] - The net cash flow from financing activities was CNY 210,347,819.57, compared to CNY 137,956,295.63 in the previous year, showing a 52.5% increase[40] - The ending cash and cash equivalents balance was CNY 646,479,740.40, significantly higher than CNY 262,648,903.50 at the end of the same period last year[40] Shareholder Information - The total number of shareholders reached 16,289 by the end of the reporting period[12] - The total number of shares held by Meike Investment Group Limited is 267,719,014, accounting for 41.51% of the company's total share capital[14] - The company repurchased a total of 1,262,221 shares, using funds amounting to 14,996,832.45 RMB, with the total share capital post-repurchase being 644,960,198 shares[18] Investments and Expenses - Financial expenses increased by 65.71% year-on-year to ¥46,014,873.85, mainly due to new bank loans and exchange rate fluctuations[16] - Operating income decreased by 77.71% year-on-year to ¥1,608,773.24, primarily due to a reduction in government subsidies received[16] - Cash paid for dividends and interest increased by 92.60% year-on-year due to higher cash dividends paid compared to the same period last year[17] Inventory and Current Assets - The company’s total current assets as of September 30, 2016, amounted to 2,818,709,111.82 RMB, an increase from 2,630,550,716.10 RMB at the beginning of the year[25] - Inventory as of September 30, 2016, was 1,760,368,641.79 RMB, compared to 1,741,641,491.64 RMB at the beginning of the year[25] - The company reported a total current asset of ¥3,702,480,381.82, up from ¥3,261,342,939.98, representing an increase of about 13.5%[29] Future Plans - The company plans to issue up to 131,795,717 A-shares at a price not lower than 12.14 RMB per share, raising a total of up to 160 million RMB for the upgrade and expansion of its Tianjin manufacturing base[20] - The company is focusing on expanding its market presence and enhancing product offerings, although specific new products or technologies were not detailed in the report[38]