城地香江(603887) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥286,674,622.83, a decrease of 21.57% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥61,169,833.11, representing a decline of 8,973.54% year-on-year[2]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥63,919,537.92, with no applicable percentage change[2]. - The basic earnings per share for Q3 2024 was -¥0.13, a decrease of 8,766.67% compared to the same period last year[3]. - The diluted earnings per share for Q3 2024 was also -¥0.13, reflecting the same decline as basic earnings per share[3]. - The weighted average return on equity for Q3 2024 was -2.25%, a decrease of 11,294.03 percentage points year-on-year[3]. - Total operating revenue for the first three quarters of 2024 was ¥862,641,672.73, a decrease of 32.8% compared to ¥1,286,572,328.59 in the same period of 2023[17]. - The net loss for the first three quarters of 2024 was ¥130,459,232.82, compared to a net profit of ¥6,462,239.42 in the same period of 2023[18]. - The total comprehensive income attributable to the parent company for Q3 2024 was -130,459,232.82 CNY, compared to 6,462,239.42 CNY in Q3 2023[19]. - Basic and diluted earnings per share for Q3 2024 were both -0.29 CNY, down from 0.01 CNY in Q3 2023[19]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥7,305,143,490.03, a decrease of 1.03% from the end of the previous year[3]. - The equity attributable to shareholders at the end of Q3 2024 was ¥2,688,650,699.17, down 3.83% from the end of the previous year[3]. - The total liabilities as of the end of Q3 2024 were ¥4,616,492,790.86, compared to ¥4,585,851,136.83 in the same period of 2023[16]. - The company's equity attributable to shareholders decreased to ¥2,688,650,699.17 from ¥2,795,579,211.21 year-over-year[16]. - The company's short-term borrowings decreased to ¥768,522,388.05 from ¥874,070,235.34 year-over-year[16]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥355,882,781.65, an increase of 851.87% compared to the same period last year[3]. - Cash inflow from operating activities for the first nine months of 2024 was 2,275,430,902.67 CNY, an increase from 2,064,674,813.34 CNY in the same period of 2023[20]. - Cash outflow from operating activities decreased to 1,919,548,121.02 CNY in 2024 from 2,027,287,040.66 CNY in 2023[20]. - Net cash flow from operating activities for the first nine months of 2024 was 355,882,781.65 CNY, significantly up from 37,387,772.68 CNY in 2023[20]. - Net cash flow from investing activities was -556,138,406.10 CNY in 2024, compared to -200,553,747.91 CNY in 2023[21]. - Cash inflow from financing activities totaled 956,935,368.14 CNY in 2024, down from 1,531,754,897.17 CNY in 2023[21]. - The net cash flow from financing activities was -6,944,416.47 CNY in 2024, compared to -76,633,644.20 CNY in 2023[21]. - The ending cash and cash equivalents balance for Q3 2024 was 583,946,704.56 CNY, up from 440,141,028.02 CNY in Q3 2023[21]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 25,488[9]. - The largest shareholder, Mr. Xie Xiaodong, holds 76,051,395 shares, representing 16.38% of the total shares[9]. Operational Insights - The company attributed the decline in net profit to a significant drop in foundation design and construction business, increased share-based payment expenses, and higher depreciation costs due to expanded fixed assets[7]. - The company reported a significant increase in management expenses, which rose to ¥180,881,576.71 from ¥111,211,916.17 in the previous year[18]. - Research and development expenses for the first three quarters of 2024 were ¥57,217,130.36, a decrease from ¥64,623,027.01 in 2023[18]. - The company is in the process of issuing A-shares to specific investors, which may involve a change in control, pending shareholder approval and regulatory approvals[12]. Inventory and Receivables - Accounts receivable decreased to ¥1,415,863,538.48 from ¥1,827,562,176.56, reflecting a decline of about 22.5%[14]. - Inventory increased significantly to ¥990,166,410.16 from ¥518,821,181.75, representing an increase of approximately 91%[14]. - The total current assets decreased to ¥4,017,508,839.87 from ¥4,438,480,513.66, a decline of about 9.5%[14]. - The company reported a significant increase in contract assets, which stood at ¥357,175,399.27 compared to ¥488,868,865.80 previously, indicating a decrease of about 27%[14]. - The company has a goodwill amounting to ¥348,383,761.27, unchanged from the previous period[14]. Accounting Standards - The company did not apply new accounting standards or interpretations for the first time in 2024[22].