TENGDA CONST.(600512)2023-10-27 16:00Revenue and Profit - Revenue for the third quarter was RMB 799.75 million, a decrease of 36.74% year-over-year[5] - The decrease in revenue was mainly due to reduced property sales from the Yichun Fenghuang Chunxiao project and stalled construction progress on some projects[10] - Total revenue for the first three quarters of 2023 was RMB 2,606,035,851.08, a decrease of 40.5% compared to RMB 4,375,697,571.96 in the same period of 2022[20] - Total revenue for the first three quarters of 2023 was RMB 2,541,053,228.70, a decrease of 26.8% compared to RMB 3,469,539,974.91 in the same period of 2022[30] - Net profit attributable to shareholders of the listed company for the third quarter was RMB 85.70 million, with no applicable year-over-year comparison[5] - The company's net profit for the first three quarters was RMB 147.09 million, with no applicable year-over-year comparison[5] - Net profit for the first three quarters of 2023 was RMB 148,725,134.59, a significant improvement from a net loss of RMB 106,759,403.10 in the same period of 2022[20] - Net profit for the first three quarters of 2023 was RMB 182,868,173.94, a significant increase from RMB 29,081,412.02 in the same period of 2022[31] Cash Flow - Operating cash flow for the third quarter was RMB 228.71 million, an increase of 12.01% year-over-year[6] - Net cash flow from operating activities in the first three quarters of 2023 was 275,011,534.63 yuan, an increase of 11.09% compared to 247,541,084.43 yuan in the same period of 2022[25] - Operating cash flow for the first three quarters of 2023 was RMB 378,968,638.26, a decrease of 32.6% compared to RMB 562,726,767.99 in the same period of 2022[33] - Net cash flow from investment activities in the first three quarters of 2023 was -707,075,093.21 yuan, an improvement from -1,145,213,003.56 yuan in the same period of 2022[25] - Investment cash flow for the first three quarters of 2023 was negative RMB 430,149,020.98, slightly worse than the negative RMB 425,984,521.84 in the same period of 2022[33] - Net cash flow from financing activities in the first three quarters of 2023 was -12,811,620.16 yuan, a significant decrease from 333,919,568.69 yuan in the same period of 2022[25] Assets and Liabilities - Total assets as of the end of the third quarter were RMB 11.26 billion, a slight decrease of 0.14% compared to the end of the previous year[6] - Total assets as of September 30, 2023, amount to RMB 11,258,558,072.86, a slight decrease from RMB 11,274,633,209.19 at the end of 2022[13][15] - Total assets as of September 30, 2023 were 10,129,801,039.47 yuan, an increase of 5.56% compared to 9,595,632,277.07 yuan at the end of 2022[27] - Total assets as of the end of Q3 2023 were RMB 10,129,801,039.47, an increase of 5.6% compared to RMB 9,595,632,277.07 at the end of Q3 2022[29] - Current assets total RMB 8,091,240,740.60, with cash and cash equivalents at RMB 1,935,073,434.24[13][15] - Non-current assets total RMB 3,167,317,332.26, including long-term equity investments of RMB 1,583,316,992.83[15] - Current liabilities include accounts payable of RMB 2,704,722,001.49 and contract liabilities of RMB 434,449,556.32[15] - Total liabilities as of the end of Q3 2023 were RMB 5,067,514,598.80, a decrease of 3.5% compared to RMB 5,250,977,709.96 at the end of Q3 2022[16] - Total liabilities as of September 30, 2023 were 4,379,804,230.07 yuan, an increase of 8.26% compared to 4,045,400,192.11 yuan at the end of 2022[28] - Total liabilities as of the end of Q3 2023 were RMB 4,379,804,230.07, an increase of 8.3% compared to RMB 4,045,400,192.11 at the end of Q3 2022[29] - Current liabilities as of the end of Q3 2023 were RMB 5,066,393,492.08, an increase of 4.4% compared to RMB 4,852,353,172.39 at the end of Q3 2022[16] - Non-current liabilities as of the end of Q3 2023 were RMB 1,121,106.72, a decrease of 99.7% compared to RMB 398,624,537.57 at the end of Q3 2022[16] Equity and Shareholders - Equity attributable to shareholders of the listed company increased by 2.73% to RMB 6.24 billion compared to the end of the previous year[6] - Total equity attributable to the parent company's shareholders was RMB 6,236,503,214.78, an increase of 2.7% compared to RMB 6,070,754,983.12 at the end of Q3 2022[16] - Total equity as of the end of Q3 2023 was RMB 5,749,996,809.40, an increase of 3.6% compared to RMB 5,550,232,084.96 at the end of Q3 2022[29] - Total number of ordinary shareholders at the end of the reporting period is 75,443[12] - Top 10 shareholders hold a significant portion of shares, with Ye Linfu holding the largest stake at 8.26% (132,047,177 shares)[12] Earnings Per Share and Return on Equity - The company's basic earnings per share (EPS) for the third quarter was RMB 0.05, with no applicable year-over-year comparison[6] - Basic earnings per share for the first three quarters of 2023 were RMB 0.09, compared to a loss per share of RMB 0.11 in the same period of 2022[22] - Basic earnings per share for the first three quarters of 2023 were RMB 0.11, a significant increase from RMB 0.02 in the same period of 2022[31] - The weighted average return on equity (ROE) for the first three quarters was 2.39%, with no applicable year-over-year comparison[6] R&D and Investment - R&D expenses for the first three quarters of 2023 were RMB 154,558,966.00, an increase of 15.6% compared to RMB 133,632,628.55 in the same period of 2022[20] - R&D expenses for the first three quarters of 2023 were RMB 154,558,966.00, an increase of 15.7% compared to RMB 133,632,628.55 in the same period of 2022[30] - Investment income for the first three quarters of 2023 was RMB 173,524,324.68, a significant increase of 203.4% compared to RMB 57,190,083.24 in the same period of 2022[20] Inventory and Receivables - The company's inventory increased to RMB 2,290,605,459.83 from RMB 1,898,392,384.67 at the end of 2022[13] - Accounts receivable decreased significantly to RMB 150,465,139.00 from RMB 451,771,609.51 at the end of 2022[13] - Prepaid expenses increased to RMB 103,367,547.47 from RMB 32,130,421.92 at the end of 2022[13] - Other receivables decreased to RMB 28,071,494.87 from RMB 147,073,963.98 at the end of 2022[13] - Contract assets as of September 30, 2023 were 1,936,636,927.79 yuan, an increase of 23.41% compared to 1,569,161,174.60 yuan at the end of 2022[27] - Other receivables as of September 30, 2023 were 2,338,669,462.58 yuan, an increase of 27.84% compared to 1,829,473,680.19 yuan at the end of 2022[27] Cash and Cash Equivalents - Cash and cash equivalents as of September 30, 2023 were 1,926,035,438.54 yuan, a decrease of 19.59% compared to 2,395,297,139.63 yuan at the end of 2022[26] - Cash and cash equivalents at the end of Q3 2023 were RMB 1,780,147,312.95, a decrease of 2.8% compared to RMB 1,831,314,895.67 at the beginning of the year[34] Comprehensive Income - Total comprehensive income for the first three quarters of 2023 was RMB 151,139,667.89, a significant improvement from a loss of RMB 101,853,526.02 in the same period of 2022[22] Sales and Operating Activities - Sales revenue from goods and services in the first three quarters of 2023 was 3,208,172,926.01 yuan, a decrease of 21.05% compared to 4,063,553,452.11 yuan in the same period of 2022[24] - Total cash inflow from operating activities in the first three quarters of 2023 was 3,491,928,740.73 yuan, down 20.00% from 4,365,037,604.99 yuan in the same period of 2022[24] Non-Recurring Items - Non-recurring gains and losses for the third quarter amounted to RMB 45.80 million, primarily due to changes in the fair value of financial assets[9][10]