Milkground(SH:600882)2022-10-28 16:00Financial Performance - The company's operating revenue for Q3 2022 was ¥1,235,301,738.27, representing a year-on-year increase of 14.68%[7] - The net profit attributable to shareholders for Q3 2022 was ¥11,647,180.11, a decrease of 63.03% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥27,443,409.89, reflecting a decline of 186.17% year-on-year[7] - The basic earnings per share for Q3 2022 was ¥0.023, down 62.30% from the previous year[9] - The diluted earnings per share for Q3 2022 was also ¥0.023, a decrease of 62.30% compared to the same period last year[9] - The weighted average return on equity for Q3 2022 was 0.26%, a decrease of 0.42 percentage points year-on-year[9] - Total operating revenue for the first three quarters of 2022 reached ¥3,829,262,745.33, an increase of 21.8% compared to ¥3,144,456,103.33 in the same period of 2021[32] - Total operating costs for the first three quarters of 2022 were ¥3,699,934,993.93, up from ¥2,982,910,846.52 in 2021, reflecting a year-over-year increase of 24.1%[35] - Net profit for the third quarter of 2022 was ¥168,992,235.13, compared to ¥156,820,923.48 in the same quarter of 2021, indicating a growth of 8.0%[39] - The company's earnings per share (EPS) for the third quarter of 2022 was ¥0.283, a slight decrease from ¥0.320 in the same quarter of 2021[41] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥7,218,726,067.84, an increase of 7.79% from the end of the previous year[9] - Total current assets as of September 30, 2022, amounted to 4,218,551,437.42 RMB, an increase from 3,884,179,722.14 RMB at the end of 2021[25] - Total assets reached 7,218,726,067.84 RMB, up from 6,696,792,433.17 RMB at the end of 2021[28] - Total liabilities increased to 1,915,087,608.18 RMB from 1,433,328,193.50 RMB year-over-year[28] - The total liabilities increased to ¥2,280,266,021.33 in 2022 from ¥1,790,633,146.17 in 2021, representing a growth of 27.3%[30] - The total equity attributable to shareholders of the parent company was ¥4,514,527,950.53, a marginal increase from ¥4,511,600,990.82 in the previous year[30] - Total liabilities increased to ¥2,271,384,895.45 from ¥1,437,573,589.57, marking an increase of approximately 58%[52] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥304,479,107.96, a decrease of 414.91% compared to the same period last year[9] - Operating cash inflow for the first three quarters of 2022 reached RMB 4,296,126,521.14, an increase of 19.8% compared to RMB 3,583,153,667.69 in the same period of 2021[43] - Net cash flow from operating activities was negative RMB 304,479,107.96, a decline from a positive RMB 96,687,794.92 in the previous year[44] - Total cash outflow from investment activities amounted to RMB 4,860,357,822.86, compared to RMB 1,223,038,540.08 in the same period last year[44] - Cash flow from financing activities generated a net inflow of RMB 510,206,890.42, down from RMB 2,822,995,486.20 in the previous year[44] - The company's cash flow from operating activities showed a negative trend, impacting overall liquidity[62] Shareholder Information - Total number of common shareholders at the end of the reporting period was 46,833[17] - The largest shareholder, Inner Mongolia Mengniu Dairy Industry (Group) Co., Ltd., holds 154,862,955 shares, accounting for 30.00% of total shares[17] - The second largest shareholder, Chai Xiu, holds 76,103,632 shares, representing 14.74% of total shares, with 76,100,000 shares pledged[17] Research and Development - Research and development expenses for the third quarter of 2022 were ¥30,578,704.53, compared to ¥28,899,012.65 in the same quarter of 2021, reflecting a year-over-year increase of 5.8%[35] - Research and development expenses were reported at ¥608,534.00, indicating ongoing investment in innovation despite financial losses[56] Future Outlook - The company attributed the decline in net profit to the impact of the pandemic, which slowed the growth of high-margin products and increased costs due to rising raw material prices[13] - The company plans to focus on market expansion and new product development to drive future growth[59]