MILKYWAY(SH:603713)2020-10-27 16:00Financial Performance - Net profit attributable to shareholders rose by 46.56% to CNY 211,338,759.35 year-to-date[9] - Operating revenue for the first nine months reached CNY 2,385,791,724.56, a 33.28% increase year-on-year[9] - Basic earnings per share increased by 44.21% to CNY 1.37[9] - The weighted average return on equity improved by 2.74 percentage points to 13.72%[9] - Total operating revenue for Q3 2020 reached ¥900,377,974.77, a 32.8% increase from ¥677,645,976.21 in Q3 2019[45] - Net profit for the first three quarters of 2020 was ¥2,385,791,724.56, compared to ¥1,790,112,546.17 in the same period of 2019, reflecting a significant growth[45] - The net profit attributable to the parent company for Q3 2020 was CNY 70,600,930.99, compared to CNY 49,918,481.75 in Q3 2019, representing a year-over-year increase of approximately 41.1%[50] - The total profit for Q3 2020 was CNY 83,166,873.22, up from CNY 67,557,457.58 in Q3 2019, reflecting a growth of about 23.1%[47] Assets and Liabilities - Total assets increased by 20.56% to CNY 3,097,429,027.09 compared to the end of the previous year[9] - The company's total liabilities as of September 30, 2020, were RMB 1,444,025,418.82, compared to RMB 1,093,320,951.67 at the end of 2019, marking an increase of around 32.1%[35] - The total assets increased to ¥2,031,583,011.69 in Q3 2020 from ¥1,895,502,931.00 in Q3 2019, indicating a growth of approximately 7.2%[41] - Total liabilities rose to ¥943,054,938.34 in Q3 2020, compared to ¥803,514,331.39 in Q3 2019, marking an increase of about 17.4%[41] Cash Flow - Net cash flow from operating activities surged by 221.12% to CNY 281,931,872.30 year-to-date[9] - Cash inflow from operating activities for the first three quarters of 2020 was approximately ¥2.30 billion, an increase of 19.4% compared to ¥1.93 billion in the same period of 2019[62] - Cash outflow from investing activities for the first three quarters of 2020 was approximately ¥1.43 billion, a decrease from ¥1.86 billion in the same period of 2019[65] - Cash inflow from financing activities was ¥290 million in the first three quarters of 2020, down from ¥392.16 million in the same period of 2019[68] - The net increase in cash and cash equivalents was $89.25 million, contrasting with a decrease of $62.12 million in the prior year[72] Shareholder Information - The company reported a total of 8,826 shareholders at the end of the reporting period[12] - The top two shareholders, Chen Yinhe and Li Renli, hold 28.46% and 14.44% of shares respectively[12] Government Support and Income - The company received government subsidies totaling CNY 8,113,112.02 year-to-date, primarily from VAT deductions[11] - Non-operating income for the period amounted to CNY 3,016,734.23, with significant contributions from government grants[11] - Other income surged by 155.89% to ¥11,438,388.72 from ¥4,470,119.18, primarily due to increased government subsidies related to operating activities[22] Research and Development - Research and development expenses increased by 39.14% to ¥18,021,010.04 from ¥12,951,980.95, reflecting increased investment in ASM and MCP systems[22] - Research and development expenses for Q3 2020 were ¥6,907,050.25, slightly up from ¥6,225,200.13 in Q3 2019, indicating continued investment in innovation[45] Borrowings and Financial Management - Short-term borrowings doubled to ¥240,000,000.00 from ¥120,000,000.00, indicating increased bank loans[18] - The company reported a decrease in short-term borrowings to ¥50,000,000.00 in Q3 2020 from ¥110,000,000.00 in Q3 2019, reflecting improved liquidity management[41] Taxation - The company reported a 57.97% increase in taxes paid, totaling ¥100,763,164.09 compared to ¥63,784,323.03, driven by revenue and profit growth[22] - The company received tax refunds amounting to ¥14.32 million, slightly up from ¥13.07 million in the previous year[65]