Gemdale(SH:600383)2020-10-29 16:00Financial Performance - Net profit attributable to shareholders decreased by 7.98% to CNY 4.99 billion year-on-year[5] - Operating revenue for the first nine months decreased by 4.92% to CNY 40.44 billion compared to the same period last year[5] - Basic earnings per share decreased by 7.50% to CNY 1.11 per share[5] - The company's operating income for Q3 2020 was 40,439,020,459.81 yuan, a decrease of 4.92% compared to the previous year due to reduced settlement scale[16] - Total operating revenue for Q3 2020 was CNY 20,564,254,073.55, a 2.56% increase from CNY 20,049,905,418.47 in Q3 2019[29] - Net profit for Q3 2020 reached CNY 4,301,781,568.29, up 38.34% from CNY 3,111,057,520.94 in Q3 2019[30] - The total comprehensive income for Q3 2020 was ¥4,185,318,428.01, compared to ¥3,211,213,952.54 in Q3 2019, reflecting growth in overall financial performance[34] - The net profit for Q3 2020 was ¥38,466,843.06, down from ¥1,170,982,404.28 in Q3 2019, representing a significant decline[34] Asset Management - Total assets increased by 13.43% to CNY 379.79 billion compared to the end of the previous year[5] - The company's total assets as of September 30, 2020, were reported in the consolidated balance sheet, reflecting the financial position[20] - As of September 30, 2020, total assets reached approximately ¥379.79 billion, an increase from ¥334.82 billion as of December 31, 2019, reflecting a growth of about 13.4%[21] - Current assets totaled approximately ¥303.96 billion, up from ¥270.82 billion, indicating a growth of around 12.2% year-over-year[21] - The company's total assets increased from ¥334.82 billion to ¥345.86 billion, reflecting a growth of about 3.3%[43] Cash Flow - The company achieved a net cash flow from operating activities of CNY 1.11 billion, a significant improvement from a negative cash flow of CNY 270.90 million in the previous year[5] - The company's net cash flow from operating activities for the first three quarters of 2020 was 1,112,095,295.51 yuan, showing a significant improvement from a negative cash flow of -270,900,740.15 yuan in the same period last year[16] - Cash flow from operating activities for the first three quarters of 2020 was ¥50,642,053,425.76, down from ¥53,722,549,493.92 in the same period of 2019[35] - The total cash inflow from operating activities was 118,339,413,593.32 CNY, compared to 116,114,484,493.04 CNY in the previous year, showing a modest increase of 1.9%[36] - The net cash flow from investing activities was -5,544,441,045.22 CNY, slightly improved from -5,947,051,535.66 CNY year-over-year[36] Liabilities and Borrowings - Total liabilities amounted to approximately ¥297.69 billion, up from ¥252.45 billion, which is an increase of about 17.9%[24] - Long-term borrowings increased by 32.21%, amounting to 36,483,305,551.20 yuan, indicating a rise in borrowing activities[15] - Total liabilities increased to CNY 163,350,272,198.70, compared to CNY 144,512,763,656.41 in the previous year, reflecting a growth of 12.99%[28] - The company's long-term borrowings stood at approximately $27.20 billion, unchanged from the previous quarter[46] Construction and Land Acquisition - The company acquired 79 plots of land, adding 9.88 million square meters to its land reserves, a decrease of approximately 9% year-on-year[9] - The company completed new construction area of approximately 11.51 million square meters, a decrease of 3.4% year-on-year[10] - The company achieved a cumulative signed area of 8.24 million square meters, an increase of 15.9% year-on-year[10] - Cumulative signed amount reached CNY 170.05 billion, an increase of 19.9% year-on-year[10] Financial Management - The company's financial expenses showed a significant decrease of 105.57%, resulting in a financial income of -31,437,704.31 yuan in Q3 2020[16] - The company reported a financial expense of ¥15,251,859.85 in Q3 2020, a decrease from ¥83,639,399.66 in Q3 2019, indicating improved cost management[33] - The company received 34,004,050,000.00 CNY from borrowings, an increase from 21,618,000,000.00 CNY in the same quarter last year, representing a 57.3% growth[39] Equity and Shareholder Returns - The weighted average return on equity decreased by 1.72 percentage points to 9.59%[5] - The company's equity attributable to shareholders decreased to approximately ¥52.58 billion from ¥54.09 billion, a decline of about 2.9%[24] - The total equity increased to CNY 22,584,799,545.47, up from CNY 21,615,447,733.80, reflecting a growth of 4.48%[28]