Financial Performance - Operating revenue for the third quarter was CNY 1,301,075,562, a decrease of 59.61% compared to the same period last year[3] - Net profit attributable to shareholders was a loss of CNY 189,784,430, representing a decline of 1,173.21% year-on-year[3] - Net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 208,378,432, a decrease of 14,295.56% compared to the previous year[3] - Total revenue for the first three quarters of 2024 was CNY 4,730,946,624, a decrease of 54.8% compared to CNY 10,489,964,186 in the same period of 2023[17] - The net profit for the first three quarters of 2024 was -1,052,709,814 RMB, compared to -27,634,849 RMB in the same period of 2023, indicating a significant decline in profitability[19] - The total comprehensive income attributable to the parent company for the first three quarters of 2024 was -928,101,569 RMB, while it was 27,253,561 RMB in 2023, reflecting a drastic drop[22] - Operating profit for the first three quarters of 2024 was -918,752,480 RMB, compared to 142,281,038 RMB in 2023, showing a negative shift in operational performance[19] Assets and Liabilities - The total assets at the end of the reporting period were CNY 52,628,814,650, down 6.40% from the previous year[3] - The equity attributable to shareholders at the end of the reporting period was CNY 11,589,443,054, a decrease of 9.78% year-on-year[3] - The company's total assets as of September 30, 2024, were CNY 52,628,814,650, a decrease of 6.4% from CNY 56,225,144,598 at the end of 2023[16] - Current liabilities increased to CNY 21,500,268,947 as of September 30, 2024, compared to CNY 20,058,285,868 at the end of 2023, representing a rise of 7.2%[14] - Total liabilities decreased to CNY 38,487,368,101 as of September 30, 2024, from CNY 40,695,295,539 at the end of 2023, a reduction of 5.4%[15] - The company's equity attributable to shareholders decreased to CNY 11,589,443,054 as of September 30, 2024, down from CNY 12,845,583,320 at the end of 2023, a decline of 9.8%[16] Cash Flow - Cash flow from operating activities was not applicable for the current period, but at the end of the reporting period, it was CNY 516,231,017, down 73.27% year-on-year[3] - Cash inflow from operating activities decreased to 4,852,689,032 RMB in 2024 from 7,460,367,239 RMB in 2023, representing a decline of approximately 34%[23] - Cash outflow from operating activities was 4,336,458,015 RMB in 2024, down from 5,528,759,721 RMB in 2023, indicating a reduction of about 22%[24] - The net cash flow from operating activities for the first three quarters of 2024 was 516,231,017 RMB, a decrease of 73% compared to 1,931,607,518 RMB in 2023[24] - Cash inflow from investment activities totaled 98,796,090 RMB in 2024, down from 230,915,453 RMB in 2023, marking a decline of approximately 57%[25] - Cash outflow from investment activities was 99,503,020 RMB in 2024, compared to 173,783,553 RMB in 2023, indicating a decrease of about 43%[26] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 127,377[7] - The largest shareholder, Beijing Beichen Industrial Group Co., Ltd., holds 1,167,511,731 shares, accounting for 34.675% of the total shares[7] Market and Operational Insights - The company experienced a significant decline in revenue due to a decrease in the area available for settlement in the real estate development sector[6] - The company achieved a sales area of 210,500 square meters, a year-on-year decrease of 28.43%, with a sales amount of RMB 2,945 million, down 33.86% year-on-year[10] - The company's equity sales area was 191,500 square meters, a year-on-year decrease of 25.95%[10] - Future outlook includes potential market expansion and new product development strategies to recover from the current financial downturn[17] Earnings Per Share - Basic earnings per share for the third quarter were CNY -0.06, a decrease of 1,300.00% compared to the same period last year[3] - The basic and diluted earnings per share for the first three quarters of 2024 were both -0.28 RMB, compared to 0.008 RMB in 2023, reflecting a significant loss per share[22]
北京北辰实业股份(00588) - 2024 Q3 - 季度业绩