YILI(SH:600887)2016-10-28 16:00Financial Performance - Operating revenue for the first nine months was CNY 45.92 billion, up 0.98% year-on-year[8] - Net profit attributable to shareholders of the listed company reached CNY 4.39 billion, representing a year-on-year increase of 20.69%[8] - Basic earnings per share increased by 22.03% to CNY 0.72[8] - Operating profit for the third quarter was ¥1.26 billion, up from ¥967.5 million in the same quarter last year, indicating a year-over-year increase of 30.54%[32] - The company reported a net profit of ¥4.53 billion for the first nine months, compared to ¥4.04 billion in the same period last year, an increase of 12.06%[32] - The total profit for the first nine months of 2016 reached CNY 3.95 billion, up from CNY 2.96 billion in the same period last year, marking a growth of 33.5%[36] - The total comprehensive income for the third quarter was CNY 1.23 billion, compared to CNY 1.11 billion in the previous year, reflecting an increase of 10.8%[33] Assets and Liabilities - Total assets at the end of the reporting period were CNY 38.15 billion, a decrease of 3.75% compared to the end of the previous year[8] - The total assets at the end of the reporting period amounted to ¥29.47 billion, compared to ¥29.16 billion at the beginning of the year, reflecting a growth of 1.06%[30] - Total current liabilities decreased to CNY 15.22 billion from CNY 18.20 billion, a decline of about 16.3%[27] - Current liabilities decreased to ¥14.12 billion from ¥14.75 billion at the beginning of the year, a reduction of 4.29%[30] Cash Flow - Net cash flow from operating activities for the first nine months was CNY 12.30 billion, an increase of 30.51% compared to the same period last year[8] - Cash flow from operating activities for the period was CNY 12,299,081,131.29, an increase of 30.5% compared to CNY 9,423,899,540.82 in the same period last year[39] - Total cash inflow from operating activities was CNY 53,286,471,752.35, slightly down from CNY 53,386,778,253.99 year-on-year[39] - Cash outflow from operating activities decreased to CNY 40,987,390,621.06 from CNY 43,962,878,713.17, reflecting improved cost management[39] - Cash and cash equivalents at the end of the period totaled CNY 13,998,798,698.83, up from CNY 13,206,766,333.01 year-on-year[40] Investments - Long-term equity investments increased by 1172.77% to ¥1,551,242,733 due to investments in China Youran Dairy Holding Limited[13] - Investment payments increased by 863.71% to ¥1,440,238,057 due to investments in China Youran Dairy Holding Limited[19] - The company’s investment income for the first nine months was ¥363.14 million, significantly higher than ¥145.99 million in the same period last year, showing a growth of 148.36%[32] - The investment income for the first nine months was CNY 2.41 billion, significantly higher than CNY 1.45 billion in the previous year, showing an increase of 66.5%[36] Shareholder Information - The total number of shareholders at the end of the reporting period was 281,654[11] - The top shareholder, Hohhot Investment Co., Ltd., held 533,330,826 shares, accounting for 8.79% of the total[11] - The company plans to issue new shares through a private placement, pending approval from shareholders and regulatory authorities, which introduces uncertainty regarding the timing and approval of the issuance[22] - The company has received commitments from shareholders, including Sunshine Life Insurance, to support its future development without seeking to become a major shareholder within the next 12 months[23] Other Financial Metrics - The weighted average return on net assets rose by 2.17 percentage points to 20.91%[8] - Financial expenses decreased by 94.28% to ¥17,259,727.31 due to lower average borrowing costs[16] - The company reported a decrease in other comprehensive income, with a net amount of CNY 48.93 million for the third quarter, down from CNY 125.82 million in the same period last year[33] - The sales expenses for the first nine months were CNY 8.83 billion, up from CNY 7.63 billion in the previous year, indicating a rise of 15.6%[36] - The company reported a significant increase in employee compensation liabilities, rising to CNY 2.70 billion from CNY 1.69 billion, an increase of approximately 59.8%[27]