Gemdale(SH:600383)2017-10-30 16:00Financial Performance - Net profit attributable to shareholders increased by 32.32% to CNY 2.27 billion for the first three quarters[7] - Operating revenue decreased by 18.27% to CNY 20.91 billion for the first three quarters[7] - Basic earnings per share rose by 31.58% to CNY 0.50 per share[7] - The weighted average return on equity increased by 0.96 percentage points to 6.13%[7] - The company reported a loss of CNY 54,466.26 from the disposal of non-current assets during the reporting period[7] - Total revenue for Q3 2017 was CNY 8,200,277,767.79, a decrease of 28.5% compared to CNY 11,499,791,268.72 in Q3 2016[42] - Year-to-date revenue for 2017 reached CNY 20,911,296,208.39, down 18.3% from CNY 25,587,266,786.25 in the same period last year[42] - Net profit for Q3 2017 reached 1,509,434,482.08 CNY, compared to 1,763,618,686.73 CNY in the same period last year, reflecting a decrease of approximately 14.4%[44] - The total profit for Q3 2017 was 2,004,551,142.74 CNY, showing a slight decrease from 2,392,441,214.92 CNY year-over-year[44] - The company’s total operating costs for the first nine months of 2017 were 13,527,822,523.68 CNY, with a year-to-date net profit of 3,203,462,964.49 CNY[43] Asset and Liability Management - Total assets increased by 27.97% to CNY 196.60 billion compared to the end of the previous year[7] - Total liabilities rose to CNY 144,409,229,946.56, compared to CNY 100,530,387,270.24 in the previous year, marking a 43.6% increase[36] - Current liabilities totaled CNY 98,448,308,561.28, an increase of 43.5% from CNY 68,616,172,112.17 in the same period last year[40] - Non-current liabilities amounted to CNY 45,960,921,385.28, up from CNY 31,914,215,158.07, reflecting a growth of 43.9%[36] - The total equity attributable to shareholders decreased slightly to CNY 36,896,861,381.74 from CNY 37,430,906,350.97, a decline of 1.4%[36] Cash Flow and Financing - Net cash flow from operating activities turned negative at CNY -56.29 million, a decrease of 100.55% compared to the same period last year[7] - Cash and cash equivalents increased by 54.60% to CNY 33.34 billion due to increased sales collections[22] - Short-term borrowings surged by 217.85% to CNY 2.74 billion, reflecting an increase in short-term loans[22] - The company issued CNY 15 billion of medium-term notes with a 5.07% interest rate, maturing in 5 years[24] - The company completed the issuance of CNY 30 billion in corporate bonds with a 4.85% interest rate for 5 years[24] - Cumulative new borrowings exceeded 20% of net assets, totaling CNY 12.13 billion, which is 22.85% of the audited net assets[28][29] - Cash and cash equivalents at the end of Q3 2017 totaled ¥32.65 billion, an increase of 56.8% from ¥20.82 billion at the end of Q3 2016[52] - Financing activities produced a net cash inflow of ¥11.13 billion, compared to a net outflow of ¥6.31 billion in the previous year[51] Project Development and Market Expansion - The company has multiple ongoing projects, with the Guangzhou Lihucheng project at 99% completion and a total area of approximately 2,580,862 square meters[14] - The Dongguan Hushan Dajing project is 100% complete, with a total area of 258,405 square meters and a construction area of 367,363 square meters[14] - The Tianjin Tuanbo Lake project is 70% complete, with a total area of 666,110 square meters and a construction area of 465,547 square meters[15] - The Shanghai Tianjing project is 100% complete, with a total area of 210,228 square meters and a construction area of 211,077 square meters[15] - The company reported a significant number of projects under construction, with 42 projects listed, indicating strong market expansion efforts[15] - The company has a diverse portfolio, including residential, commercial, and industrial projects, showcasing its strategic market positioning[15] - The company is actively pursuing new strategies in various regions, including significant projects in Shanghai and Tianjin, to enhance its market presence[15] - The company has multiple ongoing residential projects, with the largest being the Wuhan Zizai City, covering an area of 1,183,435 square meters, currently 50% completed[16] - The company is expanding in Zhengzhou, with the Zhengzhou Green Small Town project at 47% completion and a total area of 822,342 square meters[16] - The company has a project in Xi'an, the Xi'an Lake City, which is 70% completed, with a total area of 1,526,008 square meters[16] Shareholder Information - The total number of shareholders reached 49,445 by the end of the reporting period[11] - The top ten shareholders held a combined 66.56% of the company's shares[11]