Gemdale(SH:600383)2021-10-17 16:00Financial Performance - Operating revenue for Q3 2021 was CNY 19,609,744,715.63, a decrease of 4.64% compared to the same period last year[4]. - Net profit attributable to shareholders for Q3 2021 was CNY 1,483,786,725.84, down 26.19% year-on-year[4]. - Basic earnings per share for Q3 2021 was CNY 0.33, a decrease of 26.67% compared to the same period last year[5]. - The company's net profit for Q3 2021 was approximately ¥5.71 billion, a decrease of 36.5% compared to ¥9.02 billion in Q3 2020[28]. - The operating profit for Q3 2021 was approximately ¥6.52 billion, down 44.5% from ¥11.78 billion in Q3 2020[28]. - The total comprehensive income for Q3 2021 was approximately ¥5.81 billion, a decrease of 35.5% from ¥8.96 billion in Q3 2020[29]. - Earnings per share for Q3 2021 were ¥0.73, down from ¥1.11 in Q3 2020[29]. - Total revenue from sales of goods and services for the first three quarters of 2021 reached ¥74.17 billion, up 46.5% from ¥50.64 billion in the same period of 2020[30]. Assets and Liabilities - Total assets at the end of Q3 2021 reached CNY 462,186,133,193.46, an increase of 15.08% year-on-year[5]. - Total liabilities as of September 30, 2021, were RMB 361,884,366,360.33, up from RMB 307,591,777,584.46 at the end of 2020, representing an increase of approximately 17.6%[24]. - The total equity attributable to shareholders was RMB 57,317,080,722.38 as of September 30, 2021, slightly down from RMB 57,478,126,048.51 at the end of 2020[25]. - Accounts receivable increased to RMB 683,589,742.42 in Q3 2021 from RMB 433,786,326.34 in Q3 2020, marking a growth of approximately 57.5%[23]. - Inventory as of September 30, 2021, was RMB 204,423,696,787.08, compared to RMB 187,607,922,452.67 at the end of 2020, indicating an increase of about 8.9%[23]. Cash Flow - The net cash flow from operating activities for the year-to-date was CNY -758,792,940.87, a decline of 168.23% compared to the previous year[4]. - The company's cash flow from operating activities for the first three quarters of 2021 was negative at approximately -¥758.79 million, compared to a positive cash flow of ¥1.11 billion in the same period of 2020[30]. - The total cash inflow from financing activities reached 54,689,850,342.43, up from 37,695,780,531.74 year-over-year[31]. - Cash outflow for debt repayment was 33,346,358,213.26, compared to 19,220,462,438.70 in the previous year, reflecting a substantial increase in debt servicing[31]. - The ending balance of cash and cash equivalents was 54,710,665,508.69, compared to 50,553,264,559.55 at the end of the previous year[31]. Shareholder Information - The company reported a total of 55,534 common shareholders at the end of the reporting period[8]. - The top shareholder, Fude Life Insurance Co., Ltd., held 21.69% of the shares, amounting to 979,419,165 shares[8]. - The company’s chairman increased his shareholding by 100,000 shares, bringing his total holdings to 3,808,400 shares, which is 0.0844% of the total share capital[9]. Construction and Development - In the first three quarters of 2021, the company completed a new construction area of approximately 14.62 million square meters, a year-on-year increase of 27%[11]. - The total signed area for the same period reached 10.62 million square meters, up 29% year-on-year, with a total signed amount of 22.87 billion RMB, an increase of 34%[14]. - The company acquired 101 plots of land with a total investment of approximately 113.5 billion RMB, adding land reserves of 1.49 million square meters, of which the equity reserve is about 599,000 square meters[10]. - The company’s completed area in the first three quarters was approximately 6.98 million square meters, a year-on-year increase of 37%[14]. - The company’s total construction area in the Northeast region was 1.74 million square meters, with a sales amount of approximately 1.7 billion RMB[14]. Government Subsidies and Other Income - The company received government subsidies totaling CNY 141,590,464.04 year-to-date, contributing to non-recurring gains[6]. - The company recorded a significant increase in other income, totaling approximately ¥49.45 million in Q3 2021, compared to ¥43.63 million in Q3 2020[28]. Investment Activities - The company issued green US dollar bonds amounting to 480 million USD with a maturity of 3 years and an interest rate of 4.95%[19]. - The company plans to establish an asset-backed special plan with a scale not exceeding 2.5 billion RMB, pending approval from the stock exchange[20]. - The company's investment activities generated cash inflow of approximately ¥3.72 billion in the first three quarters of 2021, compared to ¥2.52 billion in the same period of 2020[30]. Research and Development - Research and development expenses for the first three quarters of 2021 were RMB 74,366,691.99, up from RMB 41,881,936.42 in 2020, reflecting an increase of approximately 77.5%[26]. Accounting and Oversight - The company did not apply the new lease accounting standards starting from 2021[31]. - The company’s financial report was overseen by key personnel including Ling Ke and Wei Chuanjun[31].