MILKYWAY(SH:603713)2023-10-25 16:00Financial Performance - The company's operating revenue for Q3 2023 was CNY 3,098,686,568.39, representing a year-on-year increase of 9.72%[5] - The net profit attributable to shareholders for the same period was CNY 149,524,569.86, a decrease of 13.28% compared to the previous year[5] - Basic earnings per share for Q3 2023 were CNY 0.91, down 13.33% from the same period last year[6] - Total operating revenue for the first three quarters of 2023 was CNY 7,626,521,734.36, a decrease of 16.2% compared to CNY 9,093,306,251.48 in the same period of 2022[19] - The company's net profit for the first three quarters of 2023 is not explicitly stated, but the decrease in revenue and costs suggests a potential decline in profitability[19] - For the first three quarters of 2023, the company's net profit was approximately ¥433.11 million, a decrease of 12.06% compared to ¥492.63 million in the same period of 2022[20] - The company's total profit for the first three quarters of 2023 was approximately ¥544.04 million, down from ¥602.39 million in the same period of 2022, representing a decrease of about 9.66%[20] - The operating profit for the first three quarters of 2023 was approximately ¥506.89 million, down from ¥590.89 million in the same period of 2022, representing a decrease of about 14.19%[20] Cash Flow - The cash flow from operating activities showed a net outflow of CNY 191,945,131.22, a decline of 230.66% year-on-year[6] - The cash flow from operating activities for the first three quarters of 2023 was approximately ¥400.77 million, a slight increase from ¥395.26 million in the same period of 2022, reflecting a growth of about 1.91%[23] - The net cash flow from investment activities was -$1.31 billion, worsening from -$693.04 million in the first three quarters of 2022[24] - Cash inflow from financing activities totaled approximately $2.89 billion, an increase from $2.17 billion in the same period of 2022[24] - The cash outflow for debt repayment was approximately $1.87 billion, significantly higher than $840.67 million in the first three quarters of 2022[24] - The net increase in cash and cash equivalents was -$212.27 million, contrasting with a net increase of $821.95 million in the same period of 2022[24] - The ending balance of cash and cash equivalents was approximately $1.06 billion, down from $1.45 billion at the end of the same period in 2022[24] Assets and Liabilities - Total assets at the end of the reporting period reached CNY 11,679,110,579.01, an increase of 22.79% compared to the end of the previous year[6] - The total assets of the company reached CNY 11,679,110,579.01 as of September 30, 2023, an increase of 22.8% from CNY 9,511,341,905.20 at the end of 2022[17] - Total liabilities increased to CNY 7,309,161,097.00 as of September 30, 2023, compared to CNY 5,617,612,274.21 at the end of 2022, reflecting a growth of 30.1%[16] - The equity attributable to shareholders increased to CNY 4,035,561,176.01, reflecting a growth of 6.51% year-on-year[6] Inventory and Receivables - The company's accounts receivable increased to CNY 2,499,961,740.48 as of September 30, 2023, compared to CNY 2,044,829,918.35 at the end of 2022, representing a growth of 22.2%[15] - Inventory as of September 30, 2023, was CNY 912,137,773.67, significantly up from CNY 266,026,702.39 at the end of 2022, indicating a growth of 243.5%[15] - The company reported a significant increase in prepayments, which rose to CNY 555,074,025.88 as of September 30, 2023, compared to CNY 196,391,728.70 at the end of 2022, marking an increase of 182.5%[15] Other Financial Metrics - Non-recurring gains and losses for Q3 amounted to CNY 9,052,198.20, with a year-to-date total of CNY 22,475,355.78[8] - The weighted average return on net assets for Q3 was 3.77%, a decrease of 1.12% compared to the previous year[6] - Interest income increased significantly to ¥10.23 million in the first three quarters of 2023, compared to ¥4.79 million in the same period of 2022, marking an increase of approximately 113.66%[20] - Other comprehensive income after tax for the first three quarters of 2023 was a loss of approximately ¥2.38 million, compared to a gain of ¥5.24 million in the same period of 2022[21] Future Outlook - The company has not provided specific guidance for future performance or new product developments in the current report[19]