TANDE(SH:600665)2024-10-23 08:37Financial Performance - The company's operating revenue for Q3 2024 was ¥554,699,772.02, representing a year-on-year increase of 48.55%[2]. - The net profit attributable to shareholders for Q3 2024 was ¥129,028,697.69, with a significant increase of 2,604.60% compared to the same period last year[2]. - The basic earnings per share for Q3 2024 was ¥0.1493, reflecting a year-on-year increase of 626.89%[2]. - Total operating revenue for the first three quarters of 2024 was CNY 2,593,875,252.71, a decrease from CNY 5,212,310,046.21 in the same period of 2023, representing a decline of approximately 50.2%[16]. - Net profit for the third quarter of 2024 was CNY 120,414,634.88, compared to CNY 12,257,063.56 in the same quarter of 2023, showing a significant increase of approximately 882.5%[17]. - The net profit attributable to shareholders of the parent company for the third quarter of 2024 was CNY 100,358,009.82, up from CNY 3,710,635.94 in the same quarter of 2023, reflecting an increase of around 2,698.5%[18]. - Basic and diluted earnings per share for the third quarter of 2024 were both CNY 0.1161, compared to CNY 0.0043 in the same quarter of 2023, marking an increase of approximately 2,605.1%[18]. Assets and Liabilities - The total assets at the end of the reporting period were ¥37,216,655,986.55, an increase of 5.43% from the end of the previous year[3]. - The total liabilities as of the end of the third quarter of 2024 amounted to CNY 32,351,464,292.98, compared to CNY 30,597,261,823.99 at the end of 2023, representing an increase of approximately 5.7%[16]. - The total equity attributable to shareholders of the parent company was CNY 3,995,811,692.55, an increase from CNY 3,895,473,501.00 in the previous year, indicating a growth of about 2.9%[16]. - The company's total assets reached approximately RMB 37.22 billion, up from RMB 35.30 billion at the end of 2023, indicating an increase of about 5.43%[14]. - The company's long-term equity investments decreased from RMB 506.11 million to RMB 436.93 million, a decline of approximately 13.6%[14]. Cash Flow - The company's cash and cash equivalents as of September 30, 2024, amount to approximately RMB 3.98 billion, a decrease from RMB 4.89 billion at the end of 2023, representing a decline of about 18.54%[13][14]. - In the first three quarters of 2024, the company reported cash inflows from operating activities of CNY 3,716,197,839.87, a decrease of 52.8% compared to CNY 7,856,910,474.92 in the same period of 2023[19]. - The net cash outflow from operating activities for the first three quarters of 2024 was CNY -562,581,036.67, compared to CNY -675,931,703.47 in 2023, indicating a slight improvement[20]. - The company experienced a significant decrease in cash inflows from financing activities, which totaled CNY 3,787,547,668.63 in 2024, down from CNY 8,193,187,717.11 in 2023, representing a decline of 53.8%[20]. - The ending cash and cash equivalents balance as of September 2024 was CNY 3,916,034,707.18, down from CNY 5,376,152,448.74 in the previous year, a decrease of 27.2%[20]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 37,111, with the largest shareholder, Xi'an High-tech Industrial Development Zone Real Estate Development Co., Ltd., holding 497,000,938 shares, accounting for 57.52% of the total shares[9][10]. - The company has not identified any related party relationships among the top ten shareholders or the top ten unrestricted shareholders[10][11]. Operational Highlights - The company reported non-operating income from the disposal of non-current assets amounting to ¥76,850,906.75[4]. - The company recognized a government subsidy of ¥31,710.24 during the reporting period[4]. - The company completed the transfer of 100% equity in three property management subsidiaries for a total price of RMB 37.13 million, which will change the scope of the consolidated financial statements[12][13]. - The company increased its registered capital from ¥100 million to ¥105 million, gaining control over Qidian Jinyuan Real Estate Development Company[5]. - The gross profit margin for completed housing projects improved compared to the same period last year, positively impacting the net profit attributable to shareholders[8]. Cost Management - Total operating costs for the first three quarters of 2024 were CNY 2,537,279,872.66, down from CNY 5,148,355,243.90 in 2023, indicating a reduction of about 50.7%[16]. - Cash outflows for employee compensation decreased to CNY 246,881,901.40 in 2024 from CNY 329,612,315.00 in 2023, reflecting a reduction of 25%[20]. - Total cash outflows from operating activities reached CNY 4,278,778,876.54 in 2024, down from CNY 8,532,842,178.39 in 2023, indicating a reduction of 50.2%[20]. Investment Income - The investment income for the first three quarters of 2024 was CNY 79,906,767.10, compared to CNY 474,060.12 in the same period of 2023, showing a substantial increase[16]. - The company reported a financial expense of CNY 118,244,789.40 for the first three quarters of 2024, up from CNY 77,956,977.26 in the same period of 2023, which is an increase of about 51.5%[16]. Accounting Standards - The company has not adopted new accounting standards for the year 2024, maintaining consistency in financial reporting[21].