Milkground(SH:600882)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months reached CNY 698,620,603.77, a significant increase of 136.73% year-on-year[6] - Net profit attributable to shareholders was CNY -3,188,121.34, representing a decline of 109.28% compared to the same period last year[6] - Basic and diluted earnings per share were both CNY -0.01, a decrease of 111.11% from CNY 0.09 in the previous year[7] - Total profit for the first nine months of 2017 was reported at -¥3,188,121.34, compared to a profit of ¥33,715,723.90 in the same period last year[31] - Net profit for Q3 2017 was ¥9,007,255.94, a decrease of 87.3% compared to ¥70,932,722.69 in Q3 2016[31] - The total comprehensive income for Q3 2017 was ¥9,007,255.94, compared to ¥70,932,722.69 in Q3 2016, indicating a substantial decline[32] - The net profit for Q3 2017 was -12,448,375.5 RMB, a significant decline compared to -41,968,503.3 RMB in the same period last year, indicating an improvement of approximately 70.3% year-over-year[34] Assets and Liabilities - Total assets increased by 19.60% to CNY 2,596,268,053.71 compared to the end of the previous year[6] - Current assets rose to CNY 1,142,039,581.92, up from CNY 1,016,944,961.53, indicating an increase of about 12.3%[22] - Total liabilities increased to CNY 1,430,568,733.26 from CNY 1,010,904,487.58, reflecting a growth of approximately 41.5%[23] - Owner's equity totaled CNY 1,165,699,320.45, slightly up from CNY 1,159,926,201.11, indicating a marginal increase of about 0.5%[23] - The company’s total non-current assets amounted to CNY 1,454,228,471.79, up from CNY 1,153,885,727.16, indicating a growth of about 26%[22] Cash Flow - Net cash flow from operating activities was CNY -77,557,894.66, a decline of 618.63% compared to the previous year[6] - Cash flow from operating activities decreased by 618.63% year-on-year, mainly due to increased tax payments and higher inventory levels[15] - The net cash flow from operating activities for the first nine months was -77,557,894.66 RMB, worsening from -10,792,410.73 RMB year-over-year[38] - The net cash flow from investment activities is -127,689,933.84, a significant decrease from 324,269,100.00 in the previous year[41] - Cash inflow from financing activities amounts to 368,856,000.00, with a net cash flow of 180,443,974.73, compared to -11,816,772.03 in the previous year[41] Shareholder Information - The total number of shareholders reached 19,848 at the end of the reporting period[10] - The largest shareholder, Chai Xiu, holds 72,000,000 shares, accounting for 17.62% of the total shares[10] Operational Highlights - Operating costs increased by 130.41% year-on-year, primarily due to the costs associated with Guanze Dairy Co., Ltd., which reported operating costs of CNY 481.0215 million for the first nine months of 2017[15] - Operating revenue for the reporting period increased by 136.73% year-on-year, significantly influenced by the revenue from the newly integrated subsidiary, Guanze Dairy Co., Ltd., which reported revenue of CNY 594.496 million for the first nine months of 2017[15] - The company plans to invest CNY 500 million in establishing a new processing facility for specialty dairy products in the Tianjin Economic and Technological Development Area[17] Other Financial Metrics - Interest receivable surged by 1,255.41% at the end of Q3 2017 compared to the beginning of the year, mainly due to increased time deposits during the reporting period[13] - Inventory rose by 72.90% at the end of Q3 2017 compared to the beginning of the year, attributed to increased raw material stockpiling[13] - Long-term prepaid expenses increased by 1,601.86% at the end of Q3 2017 compared to the beginning of the year, primarily due to increased maintenance and equipment leasing costs[13] - Other non-current assets increased by 528.01% at the end of Q3 2017 compared to the beginning of the year, mainly due to increased prepayments for engineering equipment[13]