WORLDUNION(002285)2024-10-28 11:17Financial Performance - The company's operating revenue for Q3 2024 was ¥525,456,279.62, a decrease of 21.16% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥36,151,956.36, representing an increase of 17.08% year-on-year, while the net profit after deducting non-recurring gains and losses was -¥51,846,505.68, a decrease of 1.53%[2]. - From January to September 2024, the company achieved an operating revenue of ¥1,741,272,508.96, down 32.93% year-on-year, with a net profit of -¥20,967,718.02[5]. - The company reported a main business revenue of 172,597.22 million yuan for the first nine months of 2024, a decrease of 32.63% year-on-year[10]. - Total operating revenue for the third quarter was CNY 1,741,272,508.96, a decrease of 32.9% compared to CNY 2,596,331,912.53 in the same period last year[20]. - The net profit for the third quarter was a loss of CNY 33,042,656.16, compared to a loss of CNY 5,400,785.07 in the previous year[21]. - The company reported a comprehensive income total of CNY -33,049,263.59, compared to CNY -5,374,038.02 in the same quarter last year[23]. Cash Flow - The net cash flow from operating activities for the year-to-date was -¥99,520,313.10, a decrease of 132.63% compared to the previous year[2]. - Cash received from sales and services decreased by 31.49% compared to the previous period, attributed to reduced large transaction business collections[8]. - Cash received from other operating activities decreased by 44.14% year-on-year, mainly due to a 17,350.84 million yuan decrease in loan recoveries from financial services[8]. - Cash paid for purchasing goods and services decreased by 46.07% year-on-year, reflecting reduced outsourcing expenses[8]. - Cash flow from operating activities was CNY 2,041,842,403.53, down from CNY 2,980,541,484.97 year-over-year, indicating a decline of 31.5%[24]. - Total cash inflow from operating activities was 2,323,638,790.94, compared to 3,484,443,492.08 in the previous year, reflecting a decline of approximately 33.3%[25]. - Cash outflow from operating activities totaled 2,423,159,104.04, down from 3,179,458,706.86, indicating a reduction of about 23.8%[25]. - The net cash flow from investing activities was -265,858,280.41, slightly worse than -242,154,593.95 in Q3 2023[25]. - Cash inflow from investing activities was 179,093,692.88, significantly higher than 14,361,240.30 in the same quarter last year[25]. - Cash outflow from financing activities was 221,520,177.66, down from 958,723,415.91, showing a decrease of approximately 76.8%[26]. - The net cash flow from financing activities was -200,064,241.34, an improvement from -586,613,415.91 in Q3 2023[26]. - The ending balance of cash and cash equivalents was 1,015,066,639.32, down from 1,649,533,610.48 year-over-year[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,712,841,034.49, down 12.54% from the end of the previous year[2]. - The total assets of Shenzhen World Union Group Co., Ltd. decreased from CNY 5,388,640,687.70 at the beginning of the period to CNY 4,712,841,034.49 at the end of the period, representing a decline of approximately 12.5%[17]. - Cash and cash equivalents decreased from CNY 1,614,216,440.04 to CNY 1,032,703,864.12, a reduction of about 36.0%[17]. - Accounts receivable decreased from CNY 811,283,522.40 to CNY 684,427,777.03, a decline of approximately 15.6%[17]. - The company’s total liabilities decreased from CNY 3,188,000,000.00 to CNY 2,726,000,000.00, indicating a reduction of about 14.5%[18]. - The total liabilities decreased to CNY 1,675,157,018.90 from CNY 2,291,306,096.59, a reduction of 26.9%[19]. - The company’s total equity attributable to shareholders was ¥3,020,200,170.26, a slight decrease of 0.69% from the previous year-end[2]. - The total equity attributable to shareholders of the parent company was CNY 3,020,200,170.26, slightly down from CNY 3,041,174,495.71[19]. Cost Management - The company’s management expenses, R&D expenses, and financial expenses decreased by ¥65,143,600 compared to the previous year, reflecting ongoing cost optimization efforts[5]. - Total operating costs amounted to CNY 1,809,895,960.08, down from CNY 2,582,013,362.19, reflecting a reduction of 30%[21]. - Research and development expenses were CNY 18,672,493.27, down from CNY 25,778,905.37, indicating a decrease of 27.5%[21]. - The company reported a financial expense of CNY -12,940,074.96, compared to CNY 4,195,422.01 in the previous year, showing a significant improvement[21]. Shareholder Information - The company’s major shareholders include Shilian Real Estate Consulting (China) Co., Ltd. with a 30.27% stake and Zhuhai Dahengqin Group Co., Ltd. with a 16.26% stake[13]. - The company transferred 99% of its stake in Shenzhen World Union Pioneer Investment Co., Ltd. for CNY 1, resulting in the exclusion of this subsidiary from the consolidated financial statements[15]. - The balance of financial assistance related to the transferred subsidiary was CNY 124,578,700.00 prior to the transfer[16]. - The company’s financial assistance to its former subsidiary will continue post-transfer, indicating ongoing financial commitments[16].