WGQ(600648)2024-10-29 09:27Financial Performance - In Q3 2024, the company achieved a revenue of ¥2,338,366,390.27, representing a 65.02% increase compared to the previous quarter[2] - The net profit attributable to shareholders reached ¥295,651,032.39, marking a 188.71% increase quarter-over-quarter[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥282,358,891.41, reflecting a significant increase of 492.92% from the previous quarter[2] - Year-to-date revenue as of the end of Q3 2024 was ¥4,982,337,889.40, showing a decrease of 6.93% compared to the same period last year[5] - The basic earnings per share for Q3 2024 was ¥0.27, which is a 200.00% increase compared to the previous quarter[5] - Net profit for the first three quarters of 2024 was CNY 446,611,419.45, down 29.1% from CNY 630,202,934.43 in the same period of 2023[18] - The net profit attributable to the parent company for Q3 2024 was approximately ¥437.13 million, a decrease of 29.5% compared to ¥620.35 million in Q3 2023[20] - Basic and diluted earnings per share for Q3 2024 were both ¥0.39, down from ¥0.55 in Q3 2023, reflecting a decline of 29.1%[21] - The company reported a total comprehensive income of approximately ¥446.54 million for Q3 2024, down from ¥632.20 million in Q3 2023, a decline of 29.3%[20] Cash Flow and Liquidity - The company reported a net cash flow from operating activities of -¥2,617,699,634.30 year-to-date, indicating a significant decline of 572.11% compared to the previous year[5] - Cash flow from operating activities for the first nine months of 2024 was approximately ¥5.57 billion, a decrease of 52.4% compared to ¥11.72 billion in the same period of 2023[21] - The net cash flow from operating activities for Q3 2024 was negative at approximately -¥2.62 billion, compared to a positive cash flow of ¥554.47 million in Q3 2023[23] - Total cash and cash equivalents at the end of Q3 2024 stood at approximately ¥4.30 billion, down from ¥6.18 billion at the end of Q3 2023, a decrease of 30.3%[25] - Cash inflow from investment activities for the first nine months of 2024 was approximately ¥262.79 million, significantly lower than ¥2.76 billion in the same period of 2023[23] - The net cash flow from financing activities for Q3 2024 was approximately ¥1.02 billion, compared to only ¥149.13 million in Q3 2023, indicating a substantial increase[23] Assets and Liabilities - The total assets at the end of Q3 2024 amounted to ¥45,415,422,202.34, a 1.73% increase from the end of the previous year[5] - Total liabilities rose to CNY 32,493,024,736.38 in Q3 2024, compared to CNY 31,796,680,917.95 in Q3 2023, indicating an increase of 2.19%[15] - The company's cash and cash equivalents decreased to CNY 3,454,438,792.74 from CNY 3,990,127,586.54, a decline of 13.41%[15] - Deferred tax assets decreased to CNY 609,111,233.55 from CNY 646,278,043.52, a decline of 5.74%[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 55,153[9] - The largest shareholder, Shanghai Waigaoqiao Asset Management Co., Ltd., holds 545,359,660 shares, accounting for 48.03% of total shares[9] - The company has no pledged, marked, or frozen shares among the top ten shareholders[11] - There are no significant changes in the shareholding structure of the top ten shareholders compared to the previous period[11] Revenue Sources and Costs - The company recognized sales revenue from new projects, including 壹公馆 E3-8 and 森兰动迁房商铺, contributing to the increase in revenue and net profit[8] - Total operating revenue for the first three quarters of 2024 was CNY 5,089,490,921.40, a decrease of 6.57% compared to CNY 5,447,087,444.08 in the same period of 2023[16] - Operating income for the first three quarters of 2024 was CNY 4,982,337,889.40, down from CNY 5,353,583,927.90 in 2023, reflecting a decline of 6.92%[16] - Total operating costs for the first three quarters of 2024 were CNY 4,483,080,333.99, a decrease of 5.21% from CNY 4,729,418,851.99 in the previous year[16] Research and Development - Research and development expenses for the first three quarters of 2024 were CNY 17,599,278.85, slightly down from CNY 18,776,212.64 in the same period of 2023[18] - The company has not reported any new strategies or product developments in the current quarter[12] Interest and Investments - The company reported a decrease in interest expenses to CNY 36,930,148.12 from CNY 29,631,393.65 year-over-year[18] - Long-term equity investments rose to ¥1,774,277,790.66 from ¥887,500,047.65 year-over-year[13] - Investment properties increased to ¥19,817,356,564.92 from ¥17,929,171,213.95 at the end of 2023[13] - Accounts receivable increased to ¥872,547,685.33 from ¥692,899,853.78 year-over-year[13] - Inventory as of September 30, 2024, is ¥13,510,674,056.14, up from ¥13,213,753,073.64 at the end of 2023[13]