MILKYWAY(SH:603713)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders rose by 75% to CNY 104,516,729.50 for the first nine months[7] - Operating revenue for the first nine months reached CNY 1,219,271,638.81, a 32% increase compared to the previous year[7] - Basic earnings per share increased by 60% to CNY 0.83[8] - Net profit increased by 35.09% to RMB 388,138,115.37 compared to the previous year[13] - The company's revenue for Q3 2018 reached ¥1,219,271,638.81, an increase of 31.91% compared to ¥924,354,478.17 in the same period last year[14] - Net profit attributable to shareholders for the first nine months of 2018 was ¥60,836,099.48, compared to ¥45,704,478.37 in the same period last year, reflecting a growth of 33.1%[23] - The net profit for Q3 2018 was CNY 7.20 million, a decrease of 18.9% from CNY 8.87 million in Q3 2017[32] - The total profit for Q3 2018 was CNY 9.25 million, down from CNY 10.34 million in the same period last year, representing a decline of 10.5%[31] Assets and Liabilities - Total assets increased by 47% year-on-year to CNY 1,670,915,548.79[7] - Cash and cash equivalents decreased by 62.11% to RMB 71,236,610.81 due to increased investment projects[13] - Accounts receivable increased by 33.52% to RMB 480,354,390.71 driven by higher business volume and increased use of electronic bills[13] - Inventory turnover improved, leading to a 47.70% decrease in inventory to RMB 10,882,140.66[13] - Fixed assets increased by 114.40% to RMB 231,776,672.49 due to asset acquisition from a purchased company[13] - Goodwill rose by 50.89% to RMB 128,926,548.77 as a result of acquisitions[13] - Long-term borrowings increased significantly by 914.84% to RMB 121,780,354.72 due to acquisition loans[13] - Total liabilities as of September 30, 2018, were ¥370,032,796.15, compared to ¥203,375,899.30 at the start of the year, indicating a significant increase[23] Cash Flow - Cash flow from operating activities for the first nine months was CNY 35,471,467.01, up 21% year-on-year[7] - Cash received from sales of goods and services rose by 41.81% to ¥1,265,031,676.40, compared to ¥892,032,775.74 in the previous year[14] - The company reported a net cash outflow of ¥574,350,191.00 related to investment activities, reflecting a 50.39% increase in cash used for purchasing financial products[15] - Cash inflow from operating activities for the year-to-date period reached ¥1,508,918,181.77, an increase of 28.2% compared to ¥1,176,886,493.09 in the same period last year[33] - Cash outflow from operating activities totaled ¥1,473,446,714.76, up 28.4% from ¥1,147,633,418.08 year-on-year[34] - Net cash flow from investing activities was -¥531,220,404.94, worsening from -¥129,227,567.18 year-on-year[35] Shareholder Information - The total number of shareholders reached 25,985 by the end of the reporting period[10] - The largest shareholder, Chen Yinhe, holds 28.58% of the shares, totaling 43,577,999 shares[10] - The company issued new shares, resulting in a 33.34% increase in paid-in capital to RMB 152,473,984.00[13] - The company reported a 121.14% increase in capital reserves to RMB 656,997,392.35 from the premium on the initial public offering[13] Research and Development - Research and development expenses increased by 64.58% to ¥6,897,979.40 from ¥4,191,376.00, indicating a significant investment in innovation[14] - Research and development expenses for Q3 2018 were CNY 150.61 million, significantly lower than CNY 570.56 million in Q3 2017, indicating a decrease of 73.6%[31] Investment Performance - Investment income showed a loss of ¥4,303,546.96, a decline of 475.25% compared to a gain of ¥1,146,848.69 in the previous year, indicating challenges in investment performance[14] - The company reported investment income of CNY 304.39 million in Q3 2018, a decrease from CNY 348.32 million in Q3 2017[31]