CANNY(002367)2024-10-29 11:22Financial Performance - The company's operating revenue for Q3 2024 was ¥1,019,282,092.13, a decrease of 16.72% compared to the same period last year[2]. - The net profit attributable to shareholders for the same period was ¥105,875,503.92, down 12.34% year-on-year[2]. - The net profit after deducting non-recurring gains and losses was ¥98,054,655.94, reflecting a decline of 15.45% compared to the previous year[2]. - The net cash flow from operating activities for the year-to-date period was ¥258,902,792.89, a significant decrease of 54.75% year-on-year[2]. - Total operating revenue for Q3 2024 was CNY 2,877,072,426, a decrease of 17.9% compared to CNY 3,505,507,513 in Q3 2023[37]. - Net profit for Q3 2024 was CNY 281,776,793.85, down 19.6% from CNY 350,323,427.26 in Q3 2023[38]. - Basic and diluted earnings per share for Q3 2024 were both CNY 0.3531, compared to CNY 0.4445 in Q3 2023[39]. - The total comprehensive income for Q3 2024 was CNY 293,475,482.33, down 11.6% from CNY 332,030,648.70 in Q3 2023[39]. Asset and Liability Management - Total assets at the end of the reporting period were ¥7,214,570,601.62, down 2.63% from the end of the previous year[2]. - The company's total assets decreased from 7.41 billion at the beginning of the period to 7.21 billion by the end of September 2024[34]. - Total liabilities decreased from 5.49 billion to 5.34 billion during the third quarter of 2024[33]. - Total liabilities decreased to CNY 3,741,529,694.52 from CNY 3,954,007,708.55, a reduction of 5.4%[36]. - The company's accounts receivable decreased from 1.40 billion to 1.31 billion during the same period[33]. Cash Flow Analysis - The net cash flow from operating activities decreased by 54.75% to CNY 258,902,792.89 compared to the same period last year, primarily due to the impact of the overall real estate industry conditions[8]. - Operating cash inflow for the current period was ¥3,478,213,135.32, a decrease of 19.4% from ¥4,318,480,192.09 in the previous period[40]. - Cash inflow from investment activities increased significantly to ¥1,206,670,414.35, compared to ¥706,983,141.49 in the previous period, marking a growth of 70.8%[41]. - Cash outflow from financing activities totaled ¥662,328,709.60, up from ¥566,939,736.50 in the previous period, indicating an increase of 16.8%[41]. - The ending balance of cash and cash equivalents was ¥1,750,229,274.80, down from ¥1,862,731,138.14 in the previous period[42]. Shareholder Information - The company's total number of ordinary shareholders at the end of the reporting period was 32,255[10]. - The largest shareholder, Wang Youlin, holds 44.89% of the shares, totaling 358,591,306 shares[10]. - The company has a total of 30,084,286 shares held under the employee stock ownership plan, representing 3.77% of the total share capital upon completion of the plan[17]. Investment and Financial Products - The company reported a total of ¥7,820,847.98 in non-recurring gains and losses for the current period[5]. - The company has ongoing bank wealth management products with returns of 2.80% and 2.40%, all reported to be recovered on time[24]. - The total amount of entrusted financial management during the reporting period was 79,611.42 million yuan, with overdue amounts totaling 17,900 million yuan[22]. - The company is actively managing a diverse portfolio of financial products, including trust and bank wealth management, with varying return rates and recovery statuses[23][24]. Operational Efficiency and Market Conditions - The company is focusing on customer satisfaction and efficient operations to enhance operational efficiency amid a competitive market environment[3]. - The real estate industry in China saw a 10.1% decline in development investment year-on-year for the first nine months of 2024, indicating ongoing market challenges[2]. - The company has signed major sales contracts with a total value of RMB 3.184 billion for various projects, with a cumulative revenue recognition of RMB 618.42 million for the first nine months of 2024[16].