M&G(SH:603899)2018-10-26 16:00Financial Performance - Operating revenue rose by 36.29% to CNY 6,123,592,570.19 for the period from January to September[6] - Net profit attributable to shareholders increased by 27.31% to CNY 624,717,495.09 for the same period[6] - Basic earnings per share rose by 27.30% to CNY 0.6790[6] - Operating revenue for the third quarter reached ¥6,123.59 million, a 36.29% increase year-over-year, with new businesses like KeliPu and traditional business growth contributing significantly[13] - Net profit for Q3 2018 was ¥255,587,555.54, compared to ¥202,791,628.28 in Q3 2017, representing a growth of 26%[30] - Total profit for Q3 2018 was ¥298,573,444.29, compared to ¥236,060,298.37 in Q3 2017, marking an increase of 26.5%[30] - The company reported a total comprehensive income of ¥255,587,555.54 for Q3 2018, up from ¥202,791,628.28 in Q3 2017[31] Assets and Liabilities - Total assets increased by 15.31% to CNY 5,059,922,663.75 compared to the end of the previous year[6] - Total liabilities increased to ¥1,745,181,265.78 from ¥1,474,350,704.89, representing a rise of approximately 18%[22] - The company's total equity reached ¥3,314,741,397.97, compared to ¥2,913,928,210.74 at the start of the year, marking an increase of around 14%[22] - Non-current assets totaled ¥1,557,147,984.73, up from ¥1,413,661,929.62, reflecting a growth of about 10%[22] Cash Flow - Cash flow from operating activities improved by 31.47% to CNY 492,360,502.79 year-to-date[6] - The net cash flow from operating activities was ¥492.36 million, a 31.47% increase, attributed to improved profitability and working capital management[16] - Cash flow from operating activities for the first nine months of 2018 was ¥492.36 million, an increase of 31.5% compared to ¥374.52 million in the same period last year[36] - Cash and cash equivalents increased significantly to ¥253,024,165.61 from ¥119,628,564.72, representing a growth of approximately 111%[24] - The ending balance of cash and cash equivalents reached $245.74 million, up from $76.77 million at the end of the previous period[39] Expenses and Costs - The cost of goods sold rose by 38.16% to ¥4,564.77 million, reflecting the increase in sales revenue[14] - Sales expenses increased by 39.94% to ¥561.06 million, mainly due to higher salaries and labor costs associated with new business initiatives and acquisitions[14] - The total operating costs for the first nine months of 2018 were ¥5,445,568,762.94, compared to ¥3,974,990,277.26 in the same period of 2017, indicating a significant increase of 37%[32] - The total tax expenses for Q3 2018 were ¥42,985,888.75, compared to ¥33,268,670.09 in Q3 2017, reflecting a year-over-year increase of 29%[30] Investments and Development - The company made investments in long-term equity amounting to ¥34.17 million during the reporting period[12] - The company plans to continue expanding its market presence and investing in new product development[11] - The company plans to continue expanding its new business lines and enhancing its logistics network to support growth[14] Shareholder Information - The company reported a total of 9,300 shareholders as of the reporting date[9] - Government subsidies recognized during the period amounted to CNY 39,773,993.86, closely related to the company's normal operations[9] Other Financial Metrics - The weighted average return on equity increased by 1.44 percentage points to 20.70%[6] - Accounts receivable surged by 113.18% to ¥1,000.15 million, driven by the rapid growth of the company's KeliPu revenue, with major clients being large state-owned enterprises and government departments[12] - The company experienced a foreign exchange gain of ¥3.33 million in Q3 2018, compared to a loss of ¥0.38 million in the same period last year[37]