新城控股(601155) - 2019 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months reached CNY 29.56 billion, a year-on-year increase of 19.22%[5] - Net profit attributable to shareholders increased by 19.57% to CNY 3.73 billion for the first nine months[5] - Basic earnings per share rose by 19.29% to CNY 1.67[6] - Total revenue for Q3 2019 reached RMB 12,496,444,458, a significant increase from RMB 9,036,612,696 in Q3 2018, representing a growth of approximately 38.5%[26] - The company's net profit for the first three quarters of 2019 was RMB 907,147,121, a decrease from RMB 4,845,210,714 in the same period of 2018[25] - The net profit attributable to shareholders of the parent company for Q3 2019 was 1,139,342,271 CNY, an increase of 95.3% from 582,628,371 CNY in Q3 2018[29] - The total profit for Q3 2019 was 1,594,076,463 CNY, down from 1,858,981,126 CNY in Q3 2018, indicating a decline of about 14.2%[27] - The comprehensive income total for Q3 2019 was 898,762,321 CNY, compared to 1,530,673,833 CNY in Q3 2018, showing a decrease of approximately 41.3%[28] Assets and Liabilities - Total assets increased by 37.12% to CNY 452.94 billion compared to the end of the previous year[5] - The company reported a significant increase in inventory, rising to RMB 236,537,025,436, a 62.49% increase compared to the previous period[12] - Contract liabilities increased to RMB 208,954,610,897, reflecting a 76.73% rise due to increased signed sales[13] - The company’s total liabilities reached 398.62 billion yuan, compared to 279.36 billion yuan at the end of 2018, reflecting an increase in leverage[22] - The company’s long-term borrowings amounted to approximately 27.95 billion yuan, compared to 23.67 billion yuan at the end of 2018[22] - The total liabilities amounted to RMB 87,384,307,296, up from RMB 76,672,177,369, indicating an increase of around 13.5%[24] - Total liabilities included short-term borrowings of CNY 2,270,060,000 and accounts payable of CNY 24,784,046,878[39] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash outflow of CNY -741.13 million, a reduction of 84.37% compared to the same period last year[5] - The cash flow from operating activities showed a net outflow of -741,134,169 RMB, compared to -4,741,991,263 RMB in the previous year, indicating an improvement in cash flow management[34] - The cash flow from investing activities resulted in a net outflow of -4,474,632,780 RMB, compared to -21,068,737,078 RMB in the same period last year, reflecting a reduction in investment losses[34] - The cash flow from financing activities generated a net inflow of 7,338,077,320 RMB, a decrease from 35,904,880,168 RMB in the previous year, indicating a shift in financing strategy[34] - Operating cash inflow for Q3 2019 totaled CNY 1,070,023,760, a significant increase from CNY 291,396,095 in the same period of 2018, representing a growth of 267%[35] - Cash inflow from investment activities reached CNY 37,524,727,130, compared to CNY 7,142,352,206 in Q3 2018, marking a growth of 426%[35] Shareholder Information - The total number of shareholders reached 85,275 by the end of the reporting period[9] - The largest shareholder, Fuyue Development Group, holds 61.06% of the shares, with 372.71 million shares pledged[9] Expenses - The company’s sales expenses rose to RMB 1,782,245,831, a 94.10% increase, attributed to increased advertising costs for new project launches[13] - The company’s management expenses increased by 49.66% to RMB 2,212,528,528, driven by an expansion in operational scale and workforce[13] - The company reported a significant increase in sales expenses, which rose to RMB 825,684,944 in Q3 2019 from RMB 322,004,681 in Q3 2018, reflecting an increase of about 156.5%[26] Regulatory and Legal Matters - The company has not yet received the approval documents from the China Securities Regulatory Commission for its non-public stock issuance, which aims to raise up to RMB 500,000,000[14] - The company’s actual controller and former chairman was detained on July 2, 2019, due to criminal allegations, which may impact corporate governance[16] - The company has initiated an appeal to the Supreme People's Court regarding a legal dispute involving a cooperation development agreement valued at 2.08 billion yuan[16] Other Financial Metrics - The weighted average return on net assets decreased by 2.52 percentage points to 12.22%[6] - The company reported a financial expense of 519,879,950 CNY in Q3 2019, significantly higher than 97,878,141 CNY in Q3 2018, marking an increase of approximately 430.5%[30] - The company experienced a credit impairment loss of 19,155,719 CNY in Q3 2019, compared to a gain of 69,542,266 CNY in Q3 2018, indicating a significant shift in performance[30]