Milkground(SH:600882)2019-10-28 16:00Financial Performance - Operating revenue for the first nine months was ¥1,158,845,513.23, representing a significant increase of 50.77% compared to the same period last year[19]. - Net profit attributable to shareholders of the listed company was ¥14,497,033.33, a turnaround from a loss of ¥4,754,665.26 in the previous year[19]. - Basic earnings per share for the period was ¥0.035, compared to a loss of ¥0.01 per share in the same period last year[21]. - The weighted average return on net assets was 1.17%, recovering from -0.40% in the previous year[21]. - Revenue for the third quarter increased by 50.77% year-on-year, primarily due to a significant rise in cheese sales, with total cheese sales revenue reaching RMB 575 million, a 114.55% increase year-on-year, and sales volume at 13,374.60 tons, up 101.46%[35]. - Total revenue for Q3 2019 reached ¥444,825,559.72, a 46% increase from ¥304,429,095.86 in Q3 2018[60]. - Revenue for Q3 2019 reached ¥212.57 million, a significant increase of 113% compared to ¥99.69 million in Q3 2018[72]. Cash Flow - Net cash flow from operating activities for the first nine months surged to ¥104,871,384.34, a remarkable increase of 721.74% year-on-year[19]. - Cash flow from operating activities for the first nine months of 2019 was ¥1.25 billion, up from ¥834.41 million in the same period of 2018[77]. - Total cash inflow from operating activities reached ¥545,250,245.04, compared to ¥288,615,997.16 in the previous year, indicating a year-over-year increase of about 89%[83]. - The net cash flow from operating activities for the first three quarters of 2019 was ¥125,816,577.75, a significant increase from ¥4,662,154.39 in the same period of 2018, representing a growth of approximately 2,600%[83]. - The cash flow from sales of goods and services was ¥541,087,887.82, a significant increase from ¥279,542,019.42 in the same period last year, representing a growth of approximately 94%[83]. Assets and Liabilities - Total assets at the end of the reporting period reached ¥2,757,289,764.54, an increase of 2.51% compared to the end of the previous year[19]. - Total liabilities amounted to ¥1,506,616,331.62, compared to ¥1,471,498,631.34 in the previous year, marking an increase of approximately 2.4%[53]. - The company's total assets reached ¥2,757,289,764.54, up from ¥2,689,667,550.93, which is an increase of about 2.5%[55]. - The total owner's equity increased to ¥1,250,673,432.92 from ¥1,218,168,919.59, reflecting a growth of approximately 2.7%[55]. - The total assets amounted to ¥1,800,181,864.66, with non-current assets totaling ¥1,328,008,951.65, a decrease of $169,000,000 compared to the previous period[97]. - Current liabilities totaled $751,611,506.36, including short-term borrowings of $50,000,000 and accounts payable of $25,718,845.34[97]. Shareholder Information - The total number of shareholders at the end of the reporting period was 12,544, with the largest shareholder holding 18.24% of the shares[26]. - The number of pledged shares held by the controlling shareholder, Chai Xiu, is 72 million shares, with no frozen shares remaining[33]. Research and Development - Research and development expenses increased by 55.74% year-on-year, reflecting the company's intensified efforts in new product development[38]. - Research and development expenses for Q3 2019 were ¥6,080,121.10, significantly higher than ¥2,592,709.22 in Q3 2018, representing a 134% increase[64]. Other Financial Metrics - The company reported government subsidies of ¥434,430.88 during the period, contributing to its financial performance[22]. - The company reported a gross profit margin of approximately 0.16% for Q3 2019, down from the previous year's margin[64]. - The company reported a total comprehensive loss of -¥14.90 million for Q3 2019, compared to -¥16.35 million in Q3 2018[75]. - The company has not reported any net profit from mergers or acquisitions during the period[72]. - The company executed new financial instrument standards starting January 1, 2019, without needing to adjust prior comparative data[100].