EBJB(SH:600622)2024-10-30 07:44Financial Performance - The company's operating revenue for Q3 2024 was ¥499,114,979.45, a decrease of 78.25% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was a loss of ¥31,722,760.94, with a year-to-date loss of ¥253,076,868.34[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was a loss of ¥186,626,516.40, with a year-to-date loss of ¥400,411,612.73[2] - Total operating revenue for the first three quarters of 2024 was CNY 1,219,047,701.44, a decrease of 64.9% compared to CNY 3,475,018,555.17 in the same period of 2023[20] - Net profit for the first three quarters of 2024 was a loss of CNY 395,158,876.52, compared to a loss of CNY 594,884,441.10 in the same period of 2023[21] - Basic earnings per share for Q3 2024 were -0.17 CNY, compared to -0.35 CNY in Q3 2023[22] Assets and Liabilities - The total assets at the end of Q3 2024 were ¥23,167,556,171.70, down 6.30% from the end of the previous year[3] - The equity attributable to shareholders at the end of Q3 2024 was ¥4,768,806,691.82, a decrease of 5.04% from the end of the previous year[3] - The company's total assets decreased to CNY 23,167,556,171.70 from CNY 24,724,806,917.04 year-over-year, reflecting a decline of 6.3%[19] - Total liabilities decreased to CNY 17,023,906,497.18 from CNY 18,044,223,775.61, a reduction of 5.6%[19] - The equity attributable to shareholders decreased to CNY 4,768,806,691.82 from CNY 5,022,023,601.26, a decline of 5.0%[19] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥298,686,301.92, an increase of 23.57% compared to the same period last year[2] - Net cash flow from operating activities for the first nine months of 2024 was 298,686,301.92 CNY, an increase from 241,706,197.76 CNY in the same period of 2023[22] - Total cash inflow from operating activities decreased to 1,269,509,354.64 CNY in 2024 from 1,486,104,131.49 CNY in 2023, representing a decline of approximately 14.6%[22] - Cash outflow from financing activities resulted in a net cash flow of -1,082,996,762.93 CNY for Q3 2024, compared to -612,861,933.40 CNY in Q3 2023[23] - Cash and cash equivalents at the end of Q3 2024 were 1,880,501,183.54 CNY, down from 2,673,942,008.10 CNY at the end of Q3 2023[23] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 43,815, with the top ten shareholders holding a combined 60.03% of shares[7] - Beijing Guang控安宇 Investment Center holds 211,454,671 shares, accounting for 14.10% of total shares[7] Debt and Financing - The company issued the third phase of medium-term notes in August 2023, with an issuance amount of 600 million RMB and an interest rate of 4.48%[10] - The total amount of medium-term notes registered and issued by the company is up to 2.3 billion RMB, with 1.9 billion RMB already registered[11] - The company completed the full redemption and interest payment of the 23 Guangda Jiabao MTN003 bond, totaling 626.88 million RMB[10] - The company issued the first phase of medium-term notes in April 2024, amounting to 1 billion RMB with a 5% interest rate[11] - The second phase of medium-term notes was issued in September 2024, amounting to 600 million RMB with a 4.9% interest rate[11] - The company aims to optimize its debt structure and expand financing channels through the issuance of non-financial corporate debt financing tools[11] Real Estate and Project Management - The decrease in operating revenue was primarily due to a reduction in revenue from real estate development business[6] - The company noted a significant reduction in losses attributable to government compensation income related to the Hongcang Road project, contributing to improved financial performance[6] - The real estate asset management business generated total revenue of RMB 292.01 million from January to September 2024, with management and consulting service fees contributing RMB 205.02 million[16] - The company managed a total of 55 real estate projects as of September 30, 2024, with a total asset scale of RMB 468.18 billion, reflecting a slight increase of 0.62 billion from the beginning of the year[16] - The company’s cumulative sales area for the "Dream of Joy" project reached 159,725.16 square meters, with a total planned investment of RMB 1.86 billion[15] Extraordinary Items and Adjustments - The company confirmed an extraordinary expense of RMB 106.88 million in 2023, impacting the net profit attributable to shareholders by RMB -40.88 million[13] - The company has adopted new accounting standards starting in 2024, which may affect financial reporting[25]