卧龙地产(600173) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,167,360,281.66, a decrease of 9.59% compared to the same period last year[3]. - Net profit attributable to shareholders was ¥2,534,548.03, reflecting a significant decline of 93.18% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,589,792.98, down 73.03% from the previous year[3]. - Total operating revenue for the first three quarters of 2024 was CNY 2,416,855,943.68, a decrease of 44% compared to CNY 4,316,644,794.84 in the same period of 2023[15]. - The net profit for the first three quarters of 2024 was CNY 162,284,222.44, compared to CNY 310,619,605.96 in the same period of 2023, indicating a decline of about 48%[15]. - Net profit for Q3 2024 was approximately ¥109.88 million, a decrease of 54.2% compared to ¥239.93 million in Q3 2023[16]. - The basic earnings per share for the reporting period was down 93.22% compared to the same period last year[5]. - The company reported a basic earnings per share of ¥0.1558 for Q3 2024, down 54.1% from ¥0.3396 in Q3 2023[16]. Revenue and Business Segments - Revenue from mineral trading business decreased by 49%, while real estate business revenue decreased by 26% year-on-year, contributing to the overall decline in operating revenue[5]. - For the period from January to September 2024, the company's real estate project signed sales area was 44,700 square meters, a year-on-year decrease of 39.43%, and the signed sales amount was 436 million RMB, a year-on-year decrease of 45.09%[8]. - The mining trade business achieved sales revenue of 1.67 billion RMB from January to September 2024, a year-on-year decrease of 49.43%, while net profit was 29.69 million RMB, a year-on-year increase of 54.88%[10]. - From January to September 2024, Junhai Network achieved sales revenue of 488 million RMB, a year-on-year decrease of 42.02%, while net profit was 19.60 million RMB, a year-on-year increase of 90.84%[11]. Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥6,035,673,859.43, a decrease of 2.65% compared to the end of the previous year[3]. - Total assets decreased to CNY 6,035,673,859.43 as of September 30, 2024, from CNY 6,200,091,569.13 at the end of 2023, a reduction of approximately 2.66%[14]. - Total current liabilities decreased to CNY 2,067,823,653.21 from CNY 2,289,296,593.61, reflecting a decline of about 9.66%[13]. - Long-term borrowings increased to CNY 122,740,000.00 in 2024 from CNY 100,000,000.00 in 2023, representing a growth of 22.74%[14]. - Total liabilities decreased to CNY 460,953,569.92 from CNY 645,928,906.38, a decline of about 28.5%[21]. Cash Flow - The company's cash flow from operating activities for the year-to-date was negative at -¥238,828,000.32[3]. - Operating cash flow for the first three quarters of 2024 was ¥2.76 billion, down 47.4% from ¥5.25 billion in the same period of 2023[17]. - The net cash flow from operating activities was -¥534,827,783.29, worsening from -¥196,777,687.50 year-over-year[24]. - Cash inflow from investment activities increased to ¥533,350,534.17, up 117.5% from ¥245,209,999.98 in the previous year[24]. - The cash outflow from financing activities was ¥76,480,535.71, slightly higher than ¥70,041,624.40 in the previous year[24]. Shareholder Information - The company reported a total of 21,301 common shareholders at the end of the reporting period[6]. - The company reported a total of 9.2485 million shares held in its repurchase account, representing 1.32% of the total shares[8]. Strategic Focus - The company plans to enhance operational quality and efficiency through refined management and by expanding partnerships in the upstream and downstream sectors[10]. - The company is focused on developing new products and technologies, including optimizing game versions and enhancing data analysis capabilities to improve product quality and market competitiveness[11]. - The company aims to expand its market presence and enhance profitability by pushing for internationalization of its game products[11]. Other Financial Metrics - Cash and cash equivalents as of September 30, 2024, were CNY 450,894,780.35, down 33% from CNY 674,146,364.92 at the end of 2023[12]. - The company's inventory as of September 30, 2024, was CNY 3,554,220,630.30, slightly down from CNY 3,561,480,966.44 at the end of 2023[12]. - The company’s total cash inflow from operating activities was significantly impacted by a decrease in cash received from sales, which dropped to ¥15,198,918.40 from ¥41,535,726.28 in the previous year[24]. - The company has not yet adopted new accounting standards or interpretations affecting the financial statements for the year[26].