CHIXIA DEVELOPMENT(SH:600533)2024-10-30 10:15Financial Performance - The company's operating revenue for Q3 2024 was ¥349,248,225.27, a decrease of 49.62% compared to the same period last year[2]. - The net profit attributable to shareholders was -¥31,176,048.03 for Q3 2024, with a year-to-date net profit of -¥174,007,011.55, reflecting a decline due to reduced sales from real estate projects[5]. - The company experienced a 65.69% decline in year-to-date operating revenue, primarily due to decreased sales and project completions in the real estate sector[5]. - Total operating revenue for the first three quarters of 2024 was approximately ¥1.32 billion, a decrease of 65.7% compared to ¥3.84 billion in the same period of 2023[16]. - Net profit for the first three quarters of 2024 was a loss of approximately ¥169 million, compared to a profit of ¥24 million in the same period of 2023[17]. - The company's total costs for the first three quarters of 2024 were approximately ¥1.37 billion, down 64.3% from ¥3.84 billion in the same period of 2023[16]. - The gross profit margin for the first three quarters of 2024 was negative, reflecting significant operational challenges compared to a positive margin in 2023[16]. - The total comprehensive income for the first three quarters of 2024 was a loss of approximately ¥86 million, compared to a loss of approximately ¥186,000 in the same period of 2023[17]. - Basic and diluted earnings per share for the first three quarters of 2024 were both negative at ¥0.1657, compared to negative ¥0.0116 in the same period of 2023[17]. Assets and Liabilities - The total assets at the end of Q3 2024 were ¥23,491,682,703.82, down 3.68% from the previous year[3]. - As of September 30, 2024, the total assets of Nanjing Qixia Construction Co., Ltd. amounted to CNY 23,491,682,703.82, a decrease from CNY 24,388,700,762.30 at the end of 2023, representing a decline of approximately 3.7%[14]. - The company's current assets totaled CNY 20,857,038,272.57, down from CNY 21,606,107,607.91, indicating a decrease of about 3.5%[14]. - The total liabilities of the company were CNY 19,224,489,290.97, down from CNY 20,026,238,608.48, indicating a decrease of approximately 4.0%[15]. - The total current liabilities increased slightly to CNY 12,417,920,618.21 from CNY 12,311,509,279.35, representing an increase of approximately 0.9%[15]. - The total equity of the company reached ¥3.84 billion, slightly up from ¥3.82 billion, indicating a growth of about 0.8%[22]. Cash Flow - The company reported a year-to-date cash flow from operating activities of -¥582,247,668.45, indicating a significant cash outflow[2]. - Cash flow from operating activities showed a net outflow of approximately ¥582 million, an improvement from a net outflow of ¥1.34 billion in the same period of 2023[18]. - Cash flow from operating activities showed a net outflow of ¥115,510,959.25 in the first three quarters of 2024, compared to a net outflow of ¥1,487,030,615.86 in the same period of 2023[25]. - The net cash flow from investment activities was ¥168.58 million, significantly higher than ¥60.38 million in the previous period, indicating an increase of approximately 179.5%[19]. - The net cash flow from financing activities showed a negative balance of ¥598.83 million, contrasting with a positive flow of ¥1.69 billion in the previous period[19]. Investments and Projects - The total investment in real estate development during the reporting period amounted to 2,860 million RMB, with actual investment in ongoing projects reaching 1,200 million RMB[9]. - The company completed several residential projects, including Fengqing Shuai and Yangshan Lake Garden, with total construction areas of 243,400 square meters and 154,500 square meters respectively[9]. - The company has ongoing projects such as Xingye Qiyue Bay and Yanshangyue Mansion, with planned investment amounts of 220,000 million RMB and 380,000 million RMB respectively[10]. - The total area available for sale across various projects is 1,200,000 square meters, with a significant portion already sold or pre-sold[11]. - The company reported a significant increase in the area under construction, totaling 1,000,000 square meters across multiple projects[9]. - The recognized revenue from the transfer of properties during the reporting period was 30,906 million RMB from the Qiyuan project in Nanjing[11]. Shareholder Information - The top ten shareholders held a total of 34.37% of the shares, with 南京栖霞建设集团有限公司 being the largest shareholder[7]. Market Strategy - The company is focusing on expanding its market presence in Nanjing and Wuxi, with several new projects planned for the upcoming quarters[9]. - The company is actively pursuing new strategies for market expansion and product development in response to changing market conditions[9].