MYL(SH:600993)2017-10-27 16:00Financial Performance - Revenue decreased by 15.54% to CNY 1,190,881,244.51 for the period from January to September compared to the same period last year[6] - Net profit attributable to shareholders increased by 13.94% to CNY 235,680,970.23 for the period from January to September[6] - Basic earnings per share increased by 14.58% to CNY 0.55[7] - The company reported a net profit for the first nine months of 2017 reached CNY 253,441,962.47, up from CNY 213,261,207.64 in the same period last year, marking a growth of 18.8%[35] - The total comprehensive income attributable to the parent company for the first nine months of 2017 was CNY 232,838,478.00, compared to CNY 207,157,463.47 in the previous year, indicating a growth of 12.4%[35] Assets and Liabilities - Total assets increased by 5.35% to CNY 2,630,338,894.91 compared to the end of the previous year[6] - Total current assets increased to ¥1,960,715,517.81 from ¥1,796,907,273.44, representing an increase of approximately 9.1%[19] - Total non-current assets decreased to ¥669,623,377.10 from ¥699,819,406.33, a decrease of approximately 4.3%[20] - Total liabilities decreased to ¥439,931,080.79 from ¥479,875,687.37, a decline of about 8.3%[21] - The total liabilities increased to ¥337,379,790.83 in Q3 2017, compared to ¥210,693,788.83 in Q3 2016, reflecting a growth of 60%[26] Cash Flow - Operating cash flow increased by 44.08% to CNY 242,573,918.61 for the period from January to September[6] - Net cash flow from operating activities increased by 44.08% to CNY 242,573,918.61 from CNY 168,359,221.68, attributed to increased sales revenue[15] - The company's cash flow from investment activities for the first nine months of 2017 was CNY 3,311,724,647.03, compared to CNY 2,712,552,331.83 in the same period last year, indicating a substantial increase[39] - Total cash inflow from operating activities was CNY 919,563,431.48, compared to CNY 746,601,564.97 in the same period last year, reflecting a growth of 23.1%[42] Shareholder Information - The total number of shareholders reached 45,568 at the end of the reporting period[9] - The largest shareholder, China Baoneng Group, holds 29.27% of the shares, with 97,000,000 shares pledged[9] Operating Costs and Expenses - Operating costs decreased by 33.59% to CNY 578,015,554.82 from CNY 870,361,691.40, mainly due to a reduction in the scope of consolidation[13] - Operating tax and additional charges increased by 39.67% to CNY 14,757,735.68 from CNY 10,565,867.87, due to increased sales revenue[13] - The company's sales expenses for Q3 2017 were CNY 99,563,161.24, which is an increase of 25.7% from CNY 79,159,637.22 in Q3 2016[35] Investment and Fair Value - Financial assets measured at fair value increased to CNY 144,994,620, a 585.03% increase from CNY 21,166,100 due to increased external investments and fair value changes[12] - The company reported a fair value change income of CNY 25,242,071.63 in Q3 2017, significantly higher than CNY 493,374.42 in Q3 2016[35] Government Subsidies and Other Income - The company received government subsidies amounting to CNY 6,898,840.83 during the reporting period[8] - Non-operating income decreased by 76.87% to CNY 3,528,608.07 from CNY 15,256,074.54, mainly due to a reduction in government subsidies[14] Impairment and Deferred Taxes - The company reported a significant increase in asset impairment losses, amounting to CNY 2,744,067.10, compared to a loss of CNY -1,255,730.93 in the previous period[14] - Deferred tax liabilities increased by 628.6% to CNY 4,082,381.66 from CNY 560,301.08, primarily due to an increase in deferred tax liability items[12]