Milkground(SH:600882)2021-10-29 16:00Financial Performance - The company's revenue for Q3 2021 reached ¥1,077,203,411.31, representing a year-over-year increase of 35.85%[6] - Net profit attributable to shareholders for the same period was ¥31,506,009.33, up 52.77% compared to the previous year[6] - The net profit excluding non-recurring gains and losses was ¥31,847,692.38, reflecting a 56.90% increase year-over-year[6] - Year-to-date revenue as of the end of Q3 2021 totaled ¥3,144,456,103.33, marking a 67.58% increase from the same period last year[6] - Year-to-date net profit attributable to shareholders reached ¥143,353,996.72, which is a significant increase of 171.27% year-over-year[6] - Basic earnings per share for Q3 2021 were ¥0.061, an increase of 22.00% compared to the same period last year[9] - Total operating revenue for the first three quarters of 2021 reached ¥3,144,456,103.33, a significant increase of 67.5% compared to ¥1,876,377,998.44 in the same period of 2020[31] - Net profit for the third quarter of 2021 was ¥156,820,923.48, up 167.5% from ¥58,699,367.53 in the third quarter of 2020[34] - The basic earnings per share for the third quarter of 2021 was ¥0.320, compared to ¥0.129 in the same quarter of 2020, representing a growth of 147.3%[36] Assets and Liabilities - Total assets at the end of Q3 2021 amounted to ¥6,462,082,106.07, representing a 108.98% increase from the end of the previous year[9] - The company's total liabilities increased to ¥1,391,867,696.66, compared to ¥1,259,594,663.24 in the previous year, reflecting a growth of 10.5%[30] - The total equity attributable to shareholders of the parent company rose to ¥4,703,666,522.65, compared to ¥1,485,566,761.15 in the previous year, marking a growth of 216.5%[30] - The total assets decreased from $3,305,738,953.88 to $3,092,175,507.59, reflecting a decline of approximately 6.5%[53] - Total liabilities decreased to $1,259,594,663.24 from $1,473,183,070.55, a reduction of approximately 14.5%[50] - Non-current liabilities decreased significantly from $563,971,690.28 to $348,615,461.95, a decrease of about 38.2%[50] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥96,687,794.92, reflecting an increase due to higher sales and collections[9] - The company's cash flow from operating activities was ¥3,505,596,496.61, compared to ¥2,101,703,265.53 in the previous year, indicating a growth of 66.7%[39] - The net cash flow from operating activities was ¥96,687,794.92, a significant improvement compared to a negative cash flow of ¥68,175,154.18 in the same quarter last year, indicating a recovery in operational performance[48] - Total cash inflow from financing activities reached ¥3,605,968,323.75, up from ¥758,474,937.96 year-over-year, reflecting strong capital raising efforts[45] - The company reported a net increase in cash and cash equivalents of ¥1,696,669,841.10, compared to only ¥7,808,493.00 in the previous year, showcasing improved liquidity[45] - Cash outflow for investment activities totaled ¥1,223,038,540.08, significantly higher than ¥307,088,865.74 in the same period last year, indicating increased investment in growth initiatives[44] Inventory and Receivables - The company's current assets reached CNY 3,865,840,297.35, compared to CNY 1,177,612,640.83 in the previous year, indicating significant growth[26] - The company's inventory increased to CNY 483,669,075.86 from CNY 270,484,259.33, reflecting a growth of approximately 79%[26] - The company’s accounts receivable decreased to CNY 104,312,759.94 from CNY 115,909,221.39, a decline of approximately 10%[23] - The company’s prepayments increased to CNY 174,465,137.68 from CNY 113,737,662.82, reflecting a growth of about 53%[26] Research and Development - Research and development expenses for the first three quarters of 2021 were ¥28,899,012.65, an increase from ¥24,305,021.30 in the same period of 2020[31]