MILKYWAY(SH:603713)2019-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 37.97% to CNY 144,202,350.87 year-on-year[13] - Operating income rose by 46.82% to CNY 1,790,112,546.17 for the first nine months of the year[13] - Basic earnings per share increased by 14.46% to CNY 0.95[16] - The company's operating revenue increased by 46.82% year-on-year, reaching RMB 1,790,112,546.17[29] - The net profit for the first three quarters of 2019 was ¥143.56 million, a 37.5% increase from ¥104.37 million in the same period of 2018[63] - Net profit for Q3 2019 was ¥49.68 million, representing a 32.4% increase compared to ¥37.51 million in Q3 2018[63] - The total profit for Q3 2019 was ¥67.56 million, compared to ¥49.26 million in Q3 2018, marking a 37.1% increase[63] Asset and Liability Changes - Total assets increased by 27.61% to CNY 2,369,887,265.90 compared to the end of the previous year[13] - Total liabilities increased to CNY 953,306,940.66, up from CNY 591,734,297.43, representing a growth of approximately 61.1%[43] - Current liabilities totaled CNY 632,278,945.00, compared to CNY 432,088,304.62, indicating an increase of about 46.3%[43] - Long-term borrowings rose significantly to CNY 246,976,291.64 from CNY 121,780,354.72, marking an increase of approximately 102.5%[43] - The total equity attributable to shareholders increased to CNY 1,380,261,996.38 from CNY 1,252,235,445.26, reflecting a growth of about 10.2%[45] Cash Flow and Liquidity - Net cash flow from operating activities surged by 147.52% to CNY 87,797,388.72 compared to the same period last year[13] - The company's cash and cash equivalents decreased by 57.44%, amounting to RMB 57,197,061.44, due to capital expenditures[24] - Cash received from sales and services increased to ¥1,825,917,042.69, up 44.34% from ¥1,265,031,676.40 due to increased business volume[32] - Cash paid for purchasing goods and services was ¥1,381,997,582.44, reflecting a 43.4% increase from ¥963,731,109.31, also due to increased business volume[32] - The ending balance of cash and cash equivalents decreased to 46,686,953.51 from 69,872,788.31, indicating liquidity challenges[84] Operational Efficiency - The operating costs rose by 49.46% year-on-year, totaling RMB 1,465,227,601.74, driven by increased business volume[29] - Cash outflow for operating activities was 402,871,935.68, compared to 765,141,187.18 in the previous period, showing reduced operational costs[85] - Operating cash flow net amount for the current period is 87,797,388.72, an increase from 35,471,467.01 in the previous period, reflecting a significant improvement in operational efficiency[82] Investment and Financing Activities - The company’s long-term borrowings increased by 102.8%, totaling RMB 246,976,291.64, primarily for acquisition financing[28] - Cash inflow from financing activities reached 1,519,512,411.67, an increase from 1,325,502,704.11, suggesting enhanced capital raising efforts[87] - The company reported a significant increase in cash outflow for financing activities, totaling 1,135,524,020.11, compared to 976,408,904.56, reflecting higher debt repayments and dividend distributions[87] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,388[19] - The largest shareholder, Chen Yinhe, holds 28.63% of the shares[19] Research and Development - Research and development expenses rose by 87.76%, reaching RMB 12,951,980.95, indicating increased investment in innovation[29] - Research and development expenses for Q3 2019 amounted to ¥6.23 million, a significant increase of 157.5% from ¥2.42 million in Q3 2018[60]