Gemdale(SH:600383)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders increased by 131.21% to CNY 5.25 billion for the first nine months of the year[8]. - Operating revenue for the first nine months reached CNY 33.51 billion, a 60.27% increase year-on-year[8]. - Basic earnings per share increased by 132.00% to CNY 1.16 per share[8]. - The weighted average return on equity rose by 6.27 percentage points to 12.40%[8]. - Total revenue for the third quarter reached ¥18,403,350,104.95, a significant increase from ¥8,200,277,767.79 in the same period last year, representing a growth of approximately 124.8%[44]. - Operating profit for the third quarter was ¥5,970,208,108.25, compared to ¥2,004,615,463.05 in the previous year, indicating an increase of about 197.5%[45]. - Net profit for the third quarter was ¥4,630,827,743.60, up from ¥1,509,434,482.08 year-over-year, reflecting a growth of approximately 206.5%[45]. - The total comprehensive income for Q3 2018 was CNY 4,716,977,228.55, compared to CNY 1,661,609,115.87 in Q3 2017, indicating a significant increase[46]. - The net profit for Q3 2018 was CNY 1,251,151,786.66, compared to CNY 615,920,171.28 in Q3 2017, representing a year-over-year increase of 103.5%[49]. Assets and Liabilities - Total assets increased by 25.96% to CNY 261.92 billion compared to the end of the previous year[8]. - The company's total liabilities as of September 30, 2018, were 200.298 billion RMB, compared to 149.986 billion RMB at the beginning of the year[38]. - The company's total equity as of September 30, 2018, was approximately 61.625 billion RMB, compared to 57.956 billion RMB at the beginning of the year[38]. - Total assets at the end of the reporting period amounted to ¥142,079,769,842.18, compared to ¥102,103,089,174.41 at the beginning of the year, marking an increase of about 39.2%[42]. - Current assets totaled ¥113,846,560,628.21, up from ¥79,809,559,639.80 at the start of the year, representing a growth of approximately 42.6%[41]. - Total liabilities reached ¥120,163,604,436.38, compared to ¥79,616,843,287.60 at the beginning of the year, indicating an increase of approximately 50.9%[42]. Cash Flow - Net cash flow from operating activities was negative at CNY -9.37 billion for the first nine months[8]. - The net cash flow from operating activities was -9,368,054,245.19 CNY, compared to -56,285,332.37 CNY in the previous year, indicating a significant decline in operational performance[52]. - Cash inflow from operating activities for the first nine months of 2018 was CNY 76,403,908,388.15, slightly up from CNY 75,928,768,502.39 in the same period last year[51]. - The net cash flow from financing activities increased to 22,655,038,151.61 CNY, compared to 11,127,135,713.14 CNY in the previous year, showing improved financing capabilities[53]. - The total cash and cash equivalents at the end of the period reached 38,963,462,484.99 CNY, up from 32,646,788,012.64 CNY year-over-year, indicating a stronger liquidity position[53]. Projects and Developments - The company has multiple ongoing projects, with the highest completion rate being 100% for the Dongguan Lake Mountain project and the Dongguan Qianbaihui project[15]. - The Guangzhou Lihucheng project is 99% complete, with a total building area of 3,264,289 square meters and a rentable area of 2,753,642 square meters[15]. - The company has a significant number of projects under construction, with the Shenzhen Longcheng Central project at 77% completion and a total building area of 523,183 square meters[15]. - The company has ongoing projects in various locations, including Beijing, with the Beijing Central Family project at 50% completion and a total building area of 223,759 square meters[16]. - The company is expanding its market presence with projects in multiple cities, including a 70% completion rate for the Kunming Yutianxia project[16]. - The company has multiple ongoing residential projects, with the highest completion rate being 100% for projects like 常州格林郡 and 扬州艺境[18]. - The company has a total of 12 ongoing projects in different cities, indicating a strong market expansion strategy[19]. - The company is actively pursuing new strategies for market expansion, as evidenced by the diverse locations of its projects across major cities[19]. Financial Management - The company completed the issuance of its fourth phase corporate bonds on July 18, 2018, with a scale of RMB 1 billion and a coupon rate of 5.0%[26]. - The company issued a super short-term financing bond of 1 billion RMB with an interest rate of 3.75% on August 8, 2018, maturing on May 5, 2019[27]. - The company completed the issuance of a medium-term note of 2 billion RMB with an interest rate of 4.8% on August 24, 2018, maturing on August 24, 2021[28]. - Cumulative new borrowings from January to August 2018 reached 24.473 billion RMB, accounting for 42.23% of the audited net assets of 57.956 billion RMB as of the end of 2017[29]. - The company raised 20,864,893,232.98 CNY from financing activities, a significant increase from 8,098,099,347.58 CNY in the previous year, reflecting successful capital raising efforts[55].