华天酒店(000428) - 2024 Q3 - 季度财报

Major Financial Data The company experienced a decline in revenue and an expansion of net loss in the first three quarters of 2024, with significant changes in key financial indicators due to accounting policy adjustments Key Accounting Data and Financial Indicators In the first three quarters of 2024, the company's operating revenue decreased by 10.61% year-on-year to 455.07 million yuan, with net loss attributable to shareholders expanding by 16.59% to 111.58 million yuan 2024 Q1-Q3 and Q3 Key Financial Indicators | Indicator | Year-to-Date (Q1-Q3) (yuan) | YoY Change | Current Period (Q3) (yuan) | YoY Change | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 455,069,614.52 | -10.61% | 148,823,565.74 | -26.90% | | Net Profit Attributable to Shareholders | -111,581,145.65 | -16.59% | -32,812,055.69 | -56.24% | | Net Profit Attributable to Shareholders (Excluding Non-recurring) | -127,972,437.90 | -9.30% | -42,642,479.72 | -79.29% | | Net Cash Flow from Operating Activities | 59,166,796.01 | -32.01% | — | — | | Basic Earnings Per Share (yuan/share) | -0.1095 | -16.61% | -0.0322 | -56.31% | | Total Assets | 4,658,576,555.45 | -3.72% (vs. beginning of year) | — | — | | Total Equity Attributable to Shareholders | 1,624,373,068.54 | -4.37% (vs. beginning of year) | — | — | - Effective January 1, 2024, the company changed the subsequent measurement model for investment properties from cost model to fair value model, with retrospective adjustments to opening balances[3] Non-recurring Gains and Losses In the first three quarters of 2024, the company's non-recurring gains and losses totaled 16.39 million yuan, primarily from government grants 2024 Q1-Q3 Non-recurring Gains and Losses | Item | Amount Year-to-Date (yuan) | Explanation | | :--- | :--- | :--- | | Government grants recognized in current profit/loss | 13,144,280.65 | Primarily tax reductions for property and land use tax | | Reversal of impairment provisions for individually assessed receivables | 3,604,400.00 | Reversal of bad debt provision for other receivables from Hunan Shuguang Construction Co., Ltd | | Total | 16,391,292.25 | -- | Changes and Reasons for Key Accounting Data and Financial Indicators During the reporting period, several financial indicators showed significant changes, including a 285.82% increase in investment properties due to accounting policy change and asset transfer, and a 181.92% decrease in net cash flow from investing activities Major Financial Indicator Changes (Year-to-Date) | Item | Change (%) | Reason | | :--- | :--- | :--- | | Investment Properties | 285.82% | Primarily due to transfer of self-owned assets to investment properties and subsequent measurement at fair value | | Non-current Liabilities Due Within One Year | 249.44% | Primarily due to reclassification of long-term borrowings | | Accounts Receivable | 137.26% | Primarily due to increased balances from agreement customers | | Other Comprehensive Income | 132.48% | Primarily due to transfer of self-owned assets to investment properties and subsequent measurement at fair value | | Net Cash Flow from Investing Activities | -181.92% | Primarily due to decreased cash inflows from investing activities in the current period | | Net Cash Flow from Operating Activities | -32.01% | Primarily due to increased payments to suppliers | Shareholder Information The company has 47,892 common shareholders, with the top two shareholders holding a concentrated 55.20% stake, and one major shareholder having pledged part of its equity Total Common Shareholders and Top Ten Shareholders' Holdings As of the end of the reporting period, the company had 47,892 common shareholders, with the top two shareholders, Hunan Tourism Development Investment Group Co., Ltd. and Hunan Huaxin Hengyuan Equity Investment Enterprise (Limited Partnership), holding a combined 55.20% - As of the end of the reporting period, the company had 47,892 common shareholders[7] Top Two Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Ratio | Number of Shares Held | Pledged Status | | :--- | :--- | :--- | :--- | :--- | | Hunan Tourism Development Investment Group Co., Ltd. | State-owned Legal Person | 32.48% | 330,908,920 | 0 | | Hunan Huaxin Hengyuan Equity Investment Enterprise (Limited Partnership) | Domestic Non-state-owned Legal Person | 22.72% | 231,500,000 | 145,400,000 | Other Significant Matters The company has no other significant matters to disclose during the reporting period Other Significant Matters During the reporting period, the company had no other significant matters requiring disclosure - The company has no other significant matters in this reporting period[11] Quarterly Financial Statements This section presents the company's unaudited consolidated financial statements for the third quarter of 2024, including the balance sheet, income statement, and cash flow statement Consolidated Balance Sheet As of September 30, 2024, the company's total assets were 4.66 billion yuan, total liabilities were 3.53 billion yuan, and total equity attributable to the parent company was 1.62 billion yuan Consolidated Balance Sheet Key Items | Item | Period-End Balance (2024-09-30) (yuan) | Beginning-of-Period Balance (2024-01-01) (yuan) | | :--- | :--- | :--- | | Total Assets | 4,658,576,555.45 | 4,838,735,705.38 | | Total Liabilities | 3,530,222,198.93 | 3,602,354,906.96 | | Total Equity Attributable to Parent Company Shareholders | 1,624,373,068.54 | 1,698,575,888.23 | | Total Liabilities and Equity | 4,658,576,555.45 | 4,838,735,705.38 | Consolidated Income Statement from Year-Beginning to End of Reporting Period For the first three quarters of 2024, the company's total operating revenue was 455.07 million yuan, a 10.61% year-on-year decrease, resulting in a net loss of 145.40 million yuan Consolidated Income Statement Key Items (Year-to-Date) | Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | | :--- | :--- | :--- | | I. Total Operating Revenue | 455,069,614.52 | 509,093,944.58 | | II. Total Operating Costs | 613,297,685.21 | 661,940,844.29 | | III. Operating Profit | -148,583,430.34 | -139,227,612.65 | | V. Net Profit | -145,404,767.86 | -136,560,982.76 | | Net Profit Attributable to Parent Company Shareholders | -111,581,145.65 | -95,706,188.07 | Consolidated Cash Flow Statement from Year-Beginning to End of Reporting Period In the first three quarters of 2024, net cash flow from operating activities decreased by 32.01% to 59.17 million yuan, while investing activities shifted to a net outflow of 46.91 million yuan Consolidated Cash Flow Statement Key Items (Year-to-Date) | Item | Current Period Amount (yuan) | Prior Period Amount (yuan) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 59,166,796.01 | 87,025,339.21 | | Net Cash Flow from Investing Activities | -46,913,264.43 | 57,269,879.53 | | Net Cash Flow from Financing Activities | -57,706,241.94 | -187,710,202.73 | | Net Increase in Cash and Cash Equivalents | -45,452,710.36 | -43,414,983.99 | Audit Report The company's 2024 third-quarter report is unaudited - The company's third-quarter report is unaudited[20]