北辰实业(601588) - 2024 Q3 - 季度财报

Financial Performance - Total operating revenue for Q3 2024 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] - The 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] - Basic and diluted earnings per share for Q3 2024 were both CNY -0.06, a decrease of 1,300.00% compared to the same period last year[3] - Total operating 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[15] - Net profit for the first three quarters of 2024 was a loss of CNY 1,052,709,814, compared to a loss of CNY 27,634,849 in the same period of 2023[16] - Total comprehensive income for the third quarter of 2024 was -1,052,709,814 RMB, a decrease from -27,634,849 RMB in the same period last year[17] Cash Flow - Cash flow from operating activities for the year-to-date was CNY 516,231,017, down 73.27% year-on-year[3] - The net cash flow from operating activities for the first nine months of 2024 was 516,231,017 RMB, down 73.3% from 1,931,607,518 RMB in the previous year[18] - Cash received from the sale of goods and services was 4,537,235,587 RMB, a decline of 32.4% compared to 6,713,446,871 RMB in the same period last year[18] - The net cash flow from investing activities was -706,930 RMB, contrasting with a positive cash flow of 57,131,900 RMB in the previous year[19] - The net cash flow from financing activities was -1,512,932,165 RMB, compared to -1,112,531,090 RMB in the same period last year[19] - The company's cash inflow from operating activities was CNY 1,641,461,649, a decrease of 13.1% compared to CNY 1,887,164,162 in the same period of 2023[26] - The net cash flow from investment activities increased to CNY 745,050,181, compared to CNY 328,275,960 in the same period last year[26] - The net cash flow from financing activities was negative at CNY -2,046,219,776, contrasting with a positive CNY 785,531,546 in the previous year[27] Assets and Liabilities - Total assets at the end of the reporting period were CNY 52,628,814,650, a decrease of 6.40% from the end of the previous year[3] - The company's total assets decreased to CNY 52,628,814,650 from CNY 56,225,144,598, a decline of 6.5%[13] - Total liabilities decreased to CNY 38,487,368,101 from CNY 40,695,295,539, a reduction of 5.4%[13] - The company's equity attributable to shareholders decreased to CNY 11,589,443,054 from CNY 12,845,583,320, a decline of 9.8%[13] - The total current assets decreased from RMB 43.68 billion at the end of 2023 to RMB 40.89 billion[11] - The company's long-term equity investments decreased from RMB 326.72 million to RMB 133.47 million[11] Real Estate Development - The decrease in operating revenue was primarily due to a reduction in the area available for settlement in the real estate development sector[6] - The company reported a significant decline in net profit due to reduced income and profit from the real estate development sector[6] - The sales area for real estate decreased by 28.43% year-on-year, totaling 210,500 square meters, while the sales amount dropped by 33.86% to RMB 2.945 billion[9] - The company reported a total land reserve of 4,104,500 square meters, with no new land reserves added during the reporting period[9] Future Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[14] - The company plans to focus on market expansion and new product development in the upcoming quarters to drive growth[24]