Phoenix Property(SH:600716)2024-10-29 07:33Revenue and Profit Performance - Revenue for the third quarter was RMB 39,304,799.47, a decrease of 4.06% year-over-year[2] - Net profit attributable to shareholders for the third quarter was RMB -16,149,831.08, a decrease of 220.95% year-over-year[2] - Revenue for the first three quarters was RMB 136,083,223.80, a decrease of 51.37% year-over-year[2] - Net profit attributable to shareholders for the first three quarters was RMB -28,631,852.71, a decrease of 162.05% year-over-year[2] - Total revenue for the first three quarters of 2024 was RMB 136.08 million, a significant decrease from RMB 279.84 million in the same period of 2023[18] - Net profit for the first three quarters of 2024 was a loss of RMB 28.63 million, compared to a profit of RMB 46.14 million in the same period of 2023[19] - Basic earnings per share for the third quarter was RMB -0.0173, a decrease of 220.98% year-over-year[3] - Basic earnings per share for the first three quarters of 2024 were RMB -0.0306, compared to RMB 0.0493 in the same period of 2023[20] Asset and Equity Changes - Total assets as of the end of the third quarter were RMB 8,149,195,518.87, an increase of 3.14% compared to the end of the previous year[3] - Equity attributable to shareholders as of the end of the third quarter was RMB 5,321,831,061.41, an increase of 3.67% compared to the end of the previous year[3] - Total liabilities increased slightly from RMB 2.77 billion in 2023 to RMB 2.83 billion in 2024[16] - Total equity increased from RMB 5.13 billion in 2023 to RMB 5.32 billion in 2024[17] - Total assets increased from RMB 7.90 billion in 2023 to RMB 8.15 billion in 2024[17] - Contract liabilities increased significantly from RMB 165.45 million in 2023 to RMB 597.41 million in 2024[16] Cash Flow and Financial Activities - Cash flow from operating activities for the first three quarters was RMB 34,546,209.66, a significant increase due to higher sales of residential properties compared to the previous period[7] - Sales revenue from goods and services received in cash for the first three quarters of 2024 was 577,590,351.99 yuan, a significant increase from 260,192,287.15 yuan in the same period of 2023[21] - Total cash inflow from operating activities for the first three quarters of 2024 was 609,782,987.09 yuan, compared to 306,507,816.54 yuan in the same period of 2023[22] - Net cash flow from operating activities for the first three quarters of 2024 was 34,546,209.66 yuan, a significant improvement from -108,602,042.28 yuan in the same period of 2023[22] - Net cash flow from investing activities for the first three quarters of 2024 was 13,858,940.90 yuan, compared to -612,559.22 yuan in the same period of 2023[22] - Cash received from borrowings for the first three quarters of 2024 was 200,000,000 yuan, a decrease from 240,000,000 yuan in the same period of 2023[22] - Cash used to repay debts for the first three quarters of 2024 was 273,337,000 yuan, a decrease from 305,663,000 yuan in the same period of 2023[22] - Net cash flow from financing activities for the first three quarters of 2024 was -555,497,412.10 yuan, compared to -158,258,712.23 yuan in the same period of 2023[23] - Net increase in cash and cash equivalents for the first three quarters of 2024 was -507,092,261.54 yuan, compared to -267,473,313.73 yuan in the same period of 2023[23] - The ending balance of cash and cash equivalents as of the end of the third quarter of 2024 was 546,620,349.57 yuan, a decrease from 704,402,086.47 yuan at the end of the same period in 2023[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 28,172[8] - Jiangsu Phoenix Publishing & Media Group Co., Ltd. holds 487,883,543 shares, accounting for 52.12% of the total shares[8] - China Bank Co., Ltd. - Huaxia Industry Prosperity Mixed Securities Investment Fund holds 17,923,150 shares, accounting for 1.91% of the total shares[8] - Huaxia Fund Management Co., Ltd. - Social Security Fund 422 Portfolio holds 14,471,996 shares, accounting for 1.55% of the total shares[10] - Ruan Caiyou holds 13,983,173 shares, accounting for 1.49% of the total shares[10] - Wang Bangli holds 13,167,921 shares, accounting for 1.41% of the total shares[10] - Zhou Yamei holds 10,600,972 shares, accounting for 1.13% of the total shares[10] - Ruan Youlin holds 6,405,101 shares, accounting for 0.68% of the total shares[10] - Industrial and Commercial Bank of China Co., Ltd. - Southern CSI Real Estate ETF holds 6,018,828 shares, accounting for 0.64% of the total shares[10] - Zhang Guangjun holds 5,350,000 shares, accounting for 0.57% of the total shares[10] Operating Costs and Expenses - Operating costs for the first three quarters of 2024 were RMB 179.29 million, down from RMB 250.24 million in the same period of 2023[18] - Financial expenses for the first three quarters of 2024 were RMB 25.66 million, a decrease from RMB 31.95 million in the same period of 2023[18] - Other comprehensive income for the first three quarters of 2024 was RMB 222.20 million, up from RMB 109.79 million in the same period of 2023[19] Reasons for Profit and Revenue Decline - The decrease in net profit was mainly due to the absence of significant investment income from the disposal of ETFs, which was present in the same period last year[6] - The decrease in revenue was primarily due to the absence of large-scale property deliveries from the Yixing project, which contributed significantly to revenue in the same period last year[7]