大名城(600094) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥2,578,557,154.37, a decrease of 48.47% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was ¥87,264,282.09, down 75.87% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was ¥84,585,624.56, a decrease of 76.64% compared to the same period last year[2]. - The basic earnings per share for Q3 2024 was ¥0.0375, reflecting a decline of 75.86% year-on-year[3]. - The net profit for Q3 2024 was CNY 232,872,652.69, a decrease of 64.1% compared to CNY 649,558,985.89 in Q3 2023[21]. - Operating profit for Q3 2024 was CNY 358,106,701.84, compared to CNY 967,180,738.52 in Q3 2023, reflecting a decrease of 63.0%[21]. - The total comprehensive income for Q3 2024 was CNY 231,007,391.83, a decrease of 64.5% from CNY 650,417,102.31 in Q3 2023[22]. - The total profit for Q3 2024 was CNY 359,565,759.20, compared to CNY 953,865,327.54 in Q3 2023, indicating a decline of 62.3%[21]. - Total revenue for the first nine months of 2024 was CNY 1,399,554,121.76, down from CNY 4,177,161,500.63 in the same period of 2023, representing a decline of 66.5%[23]. - Net profit for the first three quarters of 2024 was CNY 15,828,562.01, down 71.7% from CNY 55,862,081.51 in the first three quarters of 2023[30]. Assets and Liabilities - The total assets at the end of the reporting period were ¥21,842,265,125.06, a decrease of 13.76% from the end of the previous year[3]. - The company's total assets decreased to CNY 21,842,265,125.06 from CNY 25,326,101,115.43 year-over-year[19]. - Current liabilities totaled CNY 7,496,561,863.97, a reduction from CNY 10,378,317,573.03 in the previous year[18]. - The company's long-term borrowings decreased to CNY 1,153,535,940.11 from CNY 1,925,269,780.21 year-over-year[18]. - Total liabilities as of September 30, 2024, were CNY 14,193,716,634.63, compared to CNY 14,004,651,980.99 at the end of 2023[27]. Cash Flow - The company reported a net cash flow from operating activities of -¥95,953,667.48 for the year-to-date period[3]. - The cash flow from operating activities for the first nine months of 2024 was negative at CNY -95,953,667.48, compared to a positive CNY 1,209,697,156.31 in the same period of 2023[24]. - The company experienced a significant drop in cash inflow from operating activities, totaling CNY 1,576,514,422.79 in the first nine months of 2024, down from CNY 4,437,649,102.34 in the same period of 2023[23]. - The total cash inflow from investment activities in the first three quarters of 2024 was CNY 1,389,643,998.72, a significant decrease of 74.5% compared to CNY 5,443,750,123.06 in 2023[32]. - The net cash flow from investment activities was -CNY 264,156,958.12, an improvement from -CNY 611,880,256.70 in the same period last year[32]. - The cash inflow from financing activities was CNY 1,326,865,448.60, down 79.0% from CNY 6,329,319,830.14 in 2023[32]. - The net cash flow from financing activities for the first three quarters of 2024 was CNY 131,432,934.32, a decrease of 73.8% compared to CNY 502,763,241.81 in the previous year[32]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 54,118[9]. - The company has a total share capital of 2,475,325,057 shares, with a cash dividend of 0.03 RMB per share, totaling 69,748,501.35 RMB distributed to shareholders[13]. - The largest shareholder, Mingcheng Holdings Group Co., Ltd., holds 235,587,483 shares, accounting for 9.52% of the total shares[11]. - The second-largest shareholder, Hong Kong Central Clearing Limited, holds 234,448,548 shares, representing 9.47% of the total shares[11]. - The company has no significant changes in the shareholding structure of the top 10 shareholders compared to the previous period[12]. Operational Challenges - The company experienced a significant reduction in project deliveries, impacting revenue and profit margins, with a 62.74% decrease in revenue year-to-date[7]. - The company has proactively reduced land reserve investments in response to industry risks, leading to a decrease in project area delivered year-to-date[8]. - The company’s weighted average return on equity decreased by 2.14 percentage points in Q3 2024 due to the decline in net profit[8]. Financial Position - The company reported a cash balance of 1,245,314,077.52 RMB as of September 30, 2024, down from 2,220,382,398.47 RMB at the end of 2023[15]. - The accounts receivable amount to 160,520,702.03 RMB, slightly decreased from 167,552,693.30 RMB at the end of 2023[15]. - The company has reported an increase in other receivables to 264,265,605.98 RMB from 233,105,132.96 RMB[15]. - The company's cash and cash equivalents decreased to CNY 12,524,921,182.24 from CNY 14,956,210,703.74 year-over-year[17]. - The company reported a decrease in cash and cash equivalents to CNY 1,144,734,300.38 at the end of Q3 2024, down from CNY 2,136,691,995.32 at the end of Q3 2023[24]. - The company's cash and cash equivalents at the end of the third quarter of 2024 were CNY 10,436,755.18, compared to CNY 3,963,558.79 at the end of the same period in 2023[32].