ANGEL YEAST(SH:600298)2019-10-22 16:00Financial Performance - Net profit attributable to shareholders decreased by 1.21% to CNY 665,584,281.77 year-on-year[5] - Operating income rose by 13.49% to CNY 5,559,952,313.25 for the first nine months of the year[5] - Basic earnings per share decreased by 1.22% to CNY 0.808[5] - The company reported a total profit of ¥240,317,914.99 for Q3 2019, up from ¥210,292,361.92 in Q3 2018, reflecting a growth of 14.3%[29] - The total profit for the first three quarters of 2019 reached approximately ¥543.43 million, compared to ¥499.52 million in the same period of 2018, reflecting a growth of 8.77%[34] - Net profit for Q3 2019 was ¥208,679,420.44, compared to ¥180,739,308.41 in Q3 2018, representing a growth of 15.4%[29] Assets and Liabilities - Total assets increased by 6.08% to CNY 9,525,842,350.64 compared to the end of the previous year[5] - The company’s total liabilities increased to ¥5,565,096,181.33, reflecting a rise in both current and long-term liabilities[19] - Total assets increased to ¥9,525,842,350.64 from ¥8,980,200,338.85, representing a growth of approximately 6.1% year-over-year[21] - Current liabilities decreased to ¥2,796,478,354.29 from ¥3,621,635,964.46, a reduction of about 22.8%[21] - Non-current liabilities rose significantly to ¥1,672,508,306.92 from ¥805,337,464.82, marking an increase of approximately 107.5%[21] - Shareholders' equity increased to ¥5,056,855,689.43 from ¥4,553,226,909.57, indicating a growth of approximately 11.1%[22] Cash Flow - Net cash flow from operating activities increased by 35.66% to CNY 746,912,049.62 year-to-date[5] - Cash flow from operating activities for the first three quarters of 2019 was approximately ¥6.11 billion, an increase from ¥5.48 billion in the same period of 2018[36] - The ending cash and cash equivalents balance was CNY 435,266,956.28, compared to CNY 323,412,315.81 at the end of the same period last year, reflecting a growth of about 34.6%[40] - Cash inflow from financing activities reached CNY 3,159,556,384.69, a rise from CNY 2,257,645,985.34, marking an increase of approximately 40%[39] - Net cash flow from financing activities was -CNY 336,667,384.72, an improvement from -CNY 359,693,155.40 in the previous year[39] Expenses - Research and development expenses rose by 41.72% to ¥241,357,966.37 from ¥170,308,489.26 in the same period last year[13] - Total operating costs for Q3 2019 were ¥1,611,528,582.01, up from ¥1,378,954,017.35 in Q3 2018, reflecting a year-over-year increase of 16.8%[28] - The company’s tax expenses for Q3 2019 were approximately ¥18.55 million, an increase of 54.66% from ¥12.05 million in Q3 2018[33] - The sales expenses for Q3 2019 were approximately ¥166.78 million, an increase of 22.56% compared to ¥136.09 million in Q3 2018[32] Shareholder Information - The total number of shareholders reached 40,867 by the end of the reporting period[8] - The largest shareholder, Hubei Angel Yeast Group Co., Ltd., holds 39.98% of the shares[9] Government Support - The company received government subsidies amounting to CNY 46,712,876.20 for the year-to-date[6] - Other income increased by 63.51% to ¥41,770,574.30, attributed to higher government subsidies received[14] Investment and Development - The company plans to continue investing in new product development and market expansion strategies to sustain growth in the upcoming quarters[28] - Research and development expenses in Q3 2019 amounted to ¥87,806,402.98, a significant increase of 45% from ¥60,561,654.45 in Q3 2018[28]