绿地控股(600606) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥44,622,370,550.35, a decrease of 43.82% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2024 was ¥26,950,416.54, an increase of 118.40% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥296,172,761.91, up 24.89% year-on-year[4]. - Total operating revenue for the first three quarters of 2024 was CNY 160.13 billion, a decrease of 37% compared to CNY 253.66 billion in the same period of 2023[21]. - Net profit for the first three quarters of 2024 was CNY 292.84 million, down from CNY 3.24 billion in the same period of 2023, representing a decline of approximately 91%[22]. - The company reported a comprehensive loss of CNY 77,173,210.86 for Q3 2024, compared to a loss of CNY 59,484,222.33 in Q3 2023[31]. Assets and Liabilities - The total assets at the end of the reporting period were ¥1,068,703,837,965.46, a decrease of 10.49% from the end of the previous year[4]. - The total assets of the company reached RMB 1,068.7 billion by the end of the third quarter, with a debt-to-asset ratio of 86.62%, down 1.22 percentage points from the beginning of the year[10]. - The total liabilities decreased from approximately ¥918.12 billion at the end of 2023 to ¥795.66 billion as of September 30, 2024[19]. - The total liabilities amounted to CNY 925.72 billion, a decrease from CNY 1,048.77 billion year-on-year[20]. - The total owner's equity amounted to CNY 77,581,375,911.54 as of the end of Q3 2024, a slight decrease from CNY 77,658,549,122.40 in Q3 2023[30]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥8,237,948,998.04, a decrease of 462.10% year-on-year[4]. - In the first three quarters of 2024, the cash inflow from operating activities was approximately ¥210.11 billion, a decrease of 28.4% compared to ¥293.14 billion in the same period of 2023[23]. - The net cash flow from operating activities was negative at approximately -¥8.24 billion, worsening from -¥1.47 billion year-over-year[23]. - Cash inflow from investment activities totaled approximately ¥2.84 billion, down 76.7% from ¥12.21 billion in the previous year[24]. - The net cash flow from financing activities was approximately ¥1.63 billion, a significant improvement from a negative cash flow of -¥14.99 billion in the previous year[24]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 117,512[7]. - The largest shareholder, Shanghai Greenland Investment Enterprise, held 3,637,698,287 shares, accounting for 25.88% of the total[7]. - The basic earnings per share for Q3 2024 was ¥0.002, an increase of 120.00% compared to the same period last year[4]. - The company reported a basic earnings per share of CNY 0.02 for the first three quarters of 2024, down from CNY 0.18 in the same period of 2023[22]. Operational Highlights - The company delivered 3.5 million square meters of projects in the third quarter, with a total of 11.27 million square meters delivered in the first three quarters[12]. - The construction industry segment generated operating revenue of RMB 21.3 billion in the third quarter, with cumulative revenue of RMB 79.5 billion for the first three quarters[13]. - The company signed new contracts worth RMB 27.1 billion in the third quarter, bringing the total for the first three quarters to RMB 122.3 billion[13]. - The company is exploring new business models, including the acquisition and restructuring of distressed assets in prime locations[12]. - The company is actively promoting the development of its medical industry as part of its transformation efforts[10]. Financial Management - The company has optimized its debt structure, with a net debt ratio of 82.97%, down 1.58 percentage points from the beginning of the year[10]. - The overall financing cost decreased to 5.36% in Q3 2024, down by 0.22 percentage points from the beginning of the year[15]. - The company is focusing on optimizing its financial structure and enhancing operational performance across various industries, including finance and energy[14]. - The financial expenses for the first three quarters of 2024 were CNY 77,089,708.53, up from CNY 59,468,561.95 in 2023, reflecting an increase of approximately 29.6%[30]. - The management expenses decreased to CNY 11,415.10 in 2024 from CNY 15,660.38 in 2023, representing a reduction of about 27.5%[30].