MILKYWAY(SH:603713)2020-04-23 16:00Financial Performance - Operating revenue rose by 25.58% to CNY 636,237,625.16 year-on-year[13] - Net profit attributable to shareholders increased by 25.80% to CNY 53,144,365.78 compared to the same period last year[13] - Basic earnings per share increased by 23.93% to CNY 0.3434[13] - The company reported a significant increase in other income to ¥987,581.03 from ¥1,363,545.11, indicating a decrease of 27.6%[45] - Total comprehensive income amounted to CNY 53,026,611.04, up from CNY 42,141,042.61 year-over-year, indicating a growth of about 25.9%[47] Assets and Liabilities - Total assets increased by 6.32% to CNY 2,731,422,502.66 compared to the end of the previous year[13] - Total current assets increased to ¥1,238,283,031.29 as of March 31, 2020, up from ¥1,129,356,673.15 as of December 31, 2019, representing an increase of approximately 9.6%[34] - Non-current assets totaled ¥1,493,139,471.37 as of March 31, 2020, compared to ¥1,439,766,770.03 at the end of 2019, reflecting an increase of about 3.7%[36] - Total liabilities amounted to ¥1,224,646,485.97, compared to ¥1,093,320,951.67, an increase of approximately 12.0%[37] - Current liabilities increased to ¥861,802,510.12 from ¥726,286,593.16, representing a rise of about 18.6%[36] Cash Flow - Net cash flow from operating activities decreased by 95.29% to CNY 679,760.79 compared to the previous year[13] - Cash inflow from operating activities was CNY 626,331,644.98, down from CNY 633,922,136.32 in the previous year, a decrease of about 1.0%[54] - The net cash flow from operating activities was 679,760.79 RMB, a significant decrease from 14,441,618.12 RMB in the previous year[56] - Total cash inflow from investment activities was 569,756,628.39 RMB, down from 650,241,221.25 RMB year-over-year[56] - Cash inflow from financing activities totaled 250,000,000.00 RMB, an increase from 70,000,000.00 RMB year-over-year[56] Shareholder Information - The total number of shareholders at the end of the reporting period was 7,281[16] - The largest shareholder, Chen Yinhe, holds 28.35% of the shares with 43,862,999 shares[16] - Shareholders' equity totaled ¥1,506,776,016.69, up from ¥1,475,802,491.51, reflecting an increase of about 2.1%[37] Expenses - Operating costs rose to ¥519,775,599.90, reflecting a 26.86% increase from ¥409,712,205.75, driven by higher business volume[24] - Research and development expenses increased by 68.12% to ¥5,367,795.25, up from ¥3,192,804.48, due to increased investment in ASM and MCP systems[24] - Financial expenses increased to CNY 4,922,754.05 from CNY 3,501,994.13, representing a rise of approximately 40.5%[50] Inventory and Receivables - The total inventory increased by 33.66% to ¥13,820,490.45, compared to ¥10,339,735.52, due to higher procurement volumes in the trading sector[22] - Accounts receivable rose to ¥752,348,520.94, compared to ¥674,150,248.58 in the previous period, marking an increase of about 11.6%[34] - The company reported a decrease in other receivables to ¥38,613,333.02 from ¥45,364,640.50, a decline of approximately 14.5%[34] Other Financial Metrics - The weighted average return on net assets increased by 0.33 percentage points to 3.64%[13] - The company reported a decrease in sales revenue from 164,103,229.43 RMB to 58,753,599.25 RMB year-over-year[60] - The cash paid to employees decreased from 17,469,696.65 RMB to 7,743,623.86 RMB year-over-year[60] - The cash paid for taxes decreased from 4,069,399.41 RMB to 1,383,176.19 RMB year-over-year[60]