CMC(SH:600327)2024-10-25 08:19Financial Performance - The company's operating revenue for Q3 2024 was ¥857,784,654.18, a decrease of 6.85% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥17,991,727.54, with a year-to-date net profit of ¥100,832,820.32, reflecting a decline of 23.08% year-on-year[2]. - The basic and diluted earnings per share for Q3 2024 were both -¥0.020, indicating a significant impact from the decline in net profit[2]. - Total operating revenue for the first three quarters of 2024 reached CNY 2,761,585,175.38, an increase from CNY 2,684,470,661.41 in the same period of 2023, representing a growth of approximately 2.88%[11]. - Net profit for the first three quarters of 2024 was CNY 121,415,042.49, down from CNY 135,821,996.09 in 2023, reflecting a decrease of approximately 10.6%[12]. - Earnings per share (EPS) for the first three quarters of 2024 was CNY 0.114, compared to CNY 0.148 in the same period of 2023, a decline of about 23%[12]. - The total comprehensive income for the first three quarters of 2024 was CNY 125,228,797.08, down from CNY 140,271,376.45 in 2023, reflecting a decrease of about 10.7%[12]. Cash Flow - The net cash flow from operating activities for the year-to-date period decreased by 64.30%, amounting to ¥94,092,408.34[2]. - In the first three quarters of 2024, the cash inflow from operating activities was CNY 3,571,857,361.12, a decrease of 0.6% compared to CNY 3,594,889,751.17 in the same period of 2023[13]. - The net cash flow from operating activities for the first three quarters of 2024 was CNY 94,092,408.34, down 64.3% from CNY 263,540,246.13 in 2023[13]. - The cash inflow from financing activities was CNY 828,425,450.00, compared to CNY 937,512,346.30 in the first three quarters of 2023, reflecting a decrease of 11.6%[14]. - The net cash flow from financing activities was -CNY 166,268,422.76 in 2024, contrasting with a positive net flow of CNY 102,001,600.17 in 2023[14]. - The total cash and cash equivalents at the end of the third quarter of 2024 stood at CNY 384,224,782.76, down from CNY 458,788,402.94 at the end of the same period in 2023[14]. Assets and Liabilities - Total assets at the end of Q3 2024 were ¥5,629,544,412.34, down 3.62% from the end of the previous year[2]. - Current assets totaled ¥884,568,782.38, down from ¥1,084,569,990.04, indicating a decline of approximately 18.4%[9]. - Total liabilities decreased to ¥2,126,990,518.13 from ¥2,396,247,349.03, indicating a reduction of about 11.2%[10]. - The company's cash and cash equivalents stood at ¥485,215,603.83, down from ¥631,447,661.61, a decrease of approximately 23.1%[7]. - The total non-current liabilities amounted to ¥515,713,688.14, down from ¥529,723,319.52, indicating a decrease of about 2.6%[10]. - Total assets amounted to CNY 5,629,544,412.34, a decrease from CNY 5,840,942,348.91 in the previous year[11]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 41,887, with the largest shareholder holding 44.71% of the shares[5]. - The company is controlled by Jiangsu Wuxi Commercial Building Group Co., Ltd., which holds 395,552,372 shares[5]. - Shareholders' equity attributable to the parent company increased to CNY 3,286,583,685.23 from CNY 3,244,355,862.49, marking an increase of approximately 1.30%[11]. - The company’s minority shareholders' equity increased to CNY 215,970,208.98 from CNY 200,339,137.39, an increase of approximately 7.87%[11]. Investment and Expenses - The company reported investment income of CNY 82,040,850.11 for the first three quarters of 2024, up from CNY 75,394,192.82 in 2023, representing an increase of about 8.8%[11]. - The company’s financial expenses for the first three quarters of 2024 were CNY 35,362,722.65, compared to CNY 29,444,731.10 in 2023, indicating an increase of approximately 19.99%[11]. - The cash outflow for purchasing goods and services increased to CNY 2,984,073,964.55 in 2024, compared to CNY 2,798,408,762.26 in 2023, indicating a rise of 6.6%[13]. Non-Recurring Items - Non-recurring gains and losses for the current period amounted to -¥353,117.11, with significant contributions from government subsidies and asset disposal losses[3]. - The company reported a 48.97% decrease in net profit attributable to shareholders after deducting non-recurring gains and losses for the year-to-date period[4]. Accounting Standards - The company has not adopted new accounting standards for the year 2024, as indicated in the report[15].