MIHF(SH:600337)2018-10-29 16:00Financial Performance - Operating revenue for the first nine months rose by 36.50% year-on-year, totaling CNY 4.01 billion[6]. - Net profit attributable to shareholders increased by 30.37% year-on-year, amounting to CNY 337.03 million[6]. - Basic earnings per share increased by 11.76% year-on-year, reaching CNY 0.19 per share[6]. - The company's revenue for the first nine months reached RMB 4,005,796,985.34, a year-on-year increase of 36.50% compared to RMB 2,934,575,682.52[19]. - The net profit attributable to the parent company was RMB 337,030,450.58, a 30.37% increase from the previous year[21]. - Total operating revenue for Q3 2018 reached ¥1,479,955,791.41, a 30.2% increase from ¥1,136,794,058.19 in Q3 2017[44]. - Net profit for Q3 2018 was ¥127,875,082.63, representing a 19.7% increase compared to ¥106,800,935.72 in Q3 2017[45]. - The company’s total profit for Q3 2018 was ¥190.54 million, slightly down from ¥193.09 million in Q3 2017, a decrease of 0.28%[49]. Assets and Liabilities - Total assets increased by 24.76% year-on-year, reaching CNY 8.64 billion at the end of the reporting period[6]. - Total liabilities rose to CNY 3,786,312,786.88 from CNY 1,992,963,853.80, indicating an increase of about 89.9%[36]. - Current liabilities increased to CNY 3,028,142,460.72 from CNY 1,308,738,060.85, a growth of approximately 131.1%[36]. - Total assets and shareholders' equity reached ¥9,025,471,209.86, an increase from ¥7,812,278,799.14 year-over-year[41]. Cash Flow - Net cash flow from operating activities decreased by 218.92% year-on-year, resulting in a negative cash flow of CNY 266.28 million[6]. - Total cash flow from operating activities for the first nine months of 2018 was negative at -¥266.28 million, a decline from a positive cash flow of ¥223.91 million in the same period last year[53]. - Cash inflow from operating activities totaled approximately $4.47 billion, an increase of 19.1% compared to $3.75 billion in the same period last year[57]. - Net cash flow from operating activities was negative at approximately -$118.85 million, a decline from a positive $54.08 million in the previous year[57]. Shareholder Information - The total number of shareholders reached 22,442 at the end of the reporting period[11]. - The largest shareholder, Meike Investment Group, holds 27.49% of the shares, with 487.90 million shares pledged[11]. Expenses - Operating costs increased by 33.61% year-on-year, primarily due to rising sales structure, external raw material costs, and product prices[24]. - Sales expenses rose by 45.33% year-on-year, reflecting increased marketing efforts and associated costs[24]. - Management expenses increased by 41.36% year-on-year, attributed to the expansion of business scale and the inclusion of Rowe and M.U.S.T. companies in the consolidated financial statements[24]. Investments and Acquisitions - The company completed the acquisition of 60% of M.U.S.T. Holdings and 100% of Rowe Fine Furniture, resulting in a significant increase in goodwill by 30.42% to RMB 63,990,606.63[16]. - The company reported a total investment cash outflow of ¥673.05 million for the first nine months of 2018, compared to ¥239.23 million in the same period last year[54]. Marketing and Sales Performance - The company utilized digital marketing strategies, leveraging Tencent's social data to enhance customer acquisition through online channels[21]. - In Q3, Meike International's customized wardrobe business achieved a significant increase in direct sales performance, with the number of ordering customers rising compared to the same period last year[22]. - The company's sales revenue in Q3 saw a 27% increase compared to Q2, driven by enhanced brand marketing and multi-channel cooperation[23]. - International wholesale business experienced a rapid growth of 57.33% year-on-year, supported by successful product launches at the High Point Market in October[23].