TUDI(SH:600773)2024-10-30 09:24Financial Performance - The company's operating revenue for Q3 2024 was ¥72,637,077.50, a decrease of 83.72% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥46,739,149.99, reflecting a decline of 317.57% year-over-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2024 was -¥46,498,403.61, down 320.10% from the previous year[2] - Total operating revenue for the first three quarters of 2024 was CNY 223,054,424.37, a significant decrease of 84.4% compared to CNY 1,433,745,051.39 in the same period of 2023[12] - The net profit for the first three quarters of 2024 was a loss of CNY 186,154,473.37, compared to a profit of CNY 14,864,340.63 in the same period of 2023[13] - The total comprehensive income for the first three quarters of 2024 was a loss of CNY 165,874,473.37, compared to a gain of CNY 16,784,340.63 in the same period of 2023[14] Assets and Liabilities - The total assets at the end of the reporting period were ¥14,593,668,910.36, an increase of 8.05% compared to the end of the previous year[3] - The company's total liabilities increased to CNY 10,110,537,729.94 as of September 30, 2024, up from CNY 9,834,815,414.90 at the end of 2023, representing a rise of 2.8%[11] - The company's total liabilities decreased to approximately RMB 10.51 billion from RMB 10.73 billion, indicating a reduction of about 2.0%[10] - The company's total equity increased to CNY 4,483,131,180.42 as of September 30, 2024, compared to CNY 3,672,043,467.17 at the end of 2023, marking a growth of 22.1%[11] - The total equity attributable to shareholders at the end of the reporting period was ¥4,672,894,116.74, an increase of 22.18% compared to the previous year[3] Cash Flow - The company reported a net cash flow from operating activities of -¥823,959,381.83 for the year-to-date period[2] - In the first three quarters of 2024, the company's cash inflow from operating activities totaled ¥878,911,187.35, a decrease of 19.7% compared to ¥1,094,305,017.16 in the same period of 2023[15] - The net cash flow from operating activities for the first three quarters of 2024 was -¥823,959,381.83, compared to -¥748,218,814.06 in 2023, indicating a worsening cash flow situation[16] - The cash outflow from operating activities in the first three quarters of 2024 was ¥1,702,870,569.18, down 7.6% from ¥1,842,523,831.22 in 2023[16] - The company reported cash inflow from investment activities of ¥9,905,000.00 in 2024, significantly lower than ¥53,184,280.00 in 2023, reflecting a decline of 81.4%[16] - The net cash flow from financing activities in the first three quarters of 2024 was ¥1,165,246,591.92, an increase of 63.1% compared to ¥714,558,401.54 in 2023[17] Inventory and Investments - The company's inventory stood at approximately RMB 8.78 billion, slightly up from RMB 8.75 billion at the end of 2023, showing a marginal increase of about 0.4%[10] - Long-term equity investments decreased to approximately RMB 51.76 million from RMB 76.98 million, a decline of about 32.8%[10] - Long-term borrowings rose to CNY 2,326,911,105.52 in Q3 2024, compared to CNY 1,894,303,641.64 in Q4 2023, indicating an increase of 22.8%[11] - The company's long-term payables surged to CNY 1,082,200,684.31 in Q3 2024, compared to CNY 198,176,025.24 in Q4 2023, reflecting a substantial increase of 445.5%[11] Operational Challenges - The company experienced significant declines in revenue and profit due to impacts from the real estate industry and project cycles[5] - There are no new strategies or product developments mentioned in the report for the upcoming quarters[9] - The company has not reported any significant changes in shareholder structure or related party transactions during the reporting period[9]