MIHF(SH:600337)2021-10-17 16:00Financial Performance - The company's revenue for Q3 2021 was CNY 1,342,232,645.14, representing a decrease of 4.15% compared to the same period last year[5] - Net profit attributable to shareholders was CNY 114,829,119.30, down 18.33% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 98,520,816.54, a decrease of 20.82% compared to the previous year[5] - Basic earnings per share for the quarter were CNY 0.08, down 11.11% year-on-year, while diluted earnings per share were also CNY 0.08[6] - The net profit for the first three quarters increased by 498.21% year-on-year, primarily due to increased revenue from domestic retail and foreign wholesale businesses[9] - The company reported a significant increase in gross margin compared to the same period last year, contributing to improved profitability[9] - Total operating revenue for the first three quarters of 2021 reached CNY 3,722,851,390.98, an increase of 20.7% compared to CNY 3,085,013,522.56 in the same period of 2020[20] - Total operating costs for the first three quarters of 2021 were CNY 3,562,810,394.31, up from CNY 3,293,896,485.76 in 2020, reflecting a year-over-year increase of 8.2%[20] - Net profit for the third quarter of 2021 was CNY 146,997,344.67, compared to CNY 18,896,654.10 in the same quarter of 2020, representing a significant increase of 776.5%[21] - Earnings per share for the third quarter of 2021 were CNY 0.11, up from CNY 0.02 in the same quarter of 2020, indicating a 450% increase[22] - The company reported a total comprehensive income of CNY 142,329,035.89 for the third quarter of 2021, compared to a loss of CNY 6,781,655.22 in the same quarter of 2020[21] Assets and Liabilities - Total assets increased by 29.45% to CNY 9,749,743,855.07 compared to the end of the previous year[6] - The total assets as of September 30, 2021, amount to 9,749,743,855.07 RMB, an increase from 7,531,910,793.94 RMB at the end of 2020[15] - Current assets total 3,973,479,500.46 RMB, compared to 3,718,408,878.95 RMB at the end of 2020[14] - The total liabilities amount to 4,973,479,500.46 RMB, reflecting a significant portion of the total assets[15] - Total liabilities as of the end of the third quarter of 2021 amounted to CNY 5,409,166,897.27, compared to CNY 3,267,664,600.51 at the end of the same period in 2020, marking a 65.3% increase[17] - The total liabilities as of September 30, 2021, were CNY 3,718,408,878.95, indicating a significant increase in financial obligations[27] - Total liabilities amounted to approximately 3.27 billion, with non-current liabilities at about 470.86 million[28] - The company reported a total of 2.79 billion in current liabilities, indicating a significant portion of its financial obligations[28] - The total current liabilities include a significant lease liability of approximately 1.82 billion, highlighting the company's leasing commitments[28] Shareholder Information - The total number of common shareholders at the end of the reporting period is 36,334[11] - Meike Investment Group holds 391,539,750 shares, accounting for 24.05% of total shares, with 282,650,000 shares pledged[11] - The company's controlling shareholder increased its stake from 27.98% to 28.34% during the reporting period[13] - The company has a total of 132,382,337 shares held in its repurchase account[12] - Owner's equity totaled approximately 4.26 billion, with total equity attributable to shareholders at around 4.25 billion[28] - The company reported a minority interest of approximately 14.29 million, reflecting the interests of other shareholders[28] Cash Flow and Investments - The net cash flow from operating activities for the year-to-date was CNY 365,831,340.57, an increase of 14.99%[5] - Operating cash inflow for the first three quarters of 2021 reached CNY 4,202,468,711.85, an increase of 21.8% compared to CNY 3,448,739,115.53 in the same period of 2020[23] - Net cash flow from operating activities was CNY 365,831,340.57, up 14.9% from CNY 318,140,780.70 in Q3 2020[24] - Cash outflow from investment activities totaled CNY 681,678,556.72, significantly higher than CNY 215,805,589.05 in the previous year, resulting in a net cash flow from investment activities of -CNY 347,800,784.05[24] - Cash inflow from financing activities was CNY 2,077,513,554.01, a 64.5% increase from CNY 1,261,733,333.81 in Q3 2020[24] - The company reported a net decrease in cash and cash equivalents of CNY 37,278,501.44, compared to a decrease of CNY 158,210,060.02 in the same period last year[24] - The company's cash and cash equivalents are reported at 951,308,261.27 RMB, down from 1,012,867,842.90 RMB[14] - The company's cash and cash equivalents at the end of the period stood at CNY 829,604,795.33, down from CNY 917,458,346.22 at the beginning of the year[24] Future Plans and Strategies - The company plans to continue expanding its domestic and international market presence, focusing on enhancing product offerings and operational efficiency[9] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[20] - The company plans to use idle raised funds to temporarily supplement working capital, as approved by the board[13] Research and Development - Research and development expenses for the first three quarters of 2021 were CNY 52,977,195.42, compared to CNY 44,289,559.22 in 2020, reflecting an increase of 19.7%[20] Accounting Changes - The company has implemented new leasing standards starting from 2021, affecting the financial statements[25] - The company implemented a new leasing standard effective January 1, 2021, impacting the initial figures for prepaid items, right-of-use assets, and lease liabilities[29]