BCDC(SH:600376)2024-10-30 10:57Financial Performance - The company's operating revenue for Q3 2024 was ¥5,671,327,065.01, a decrease of 57.15% compared to the same period last year[2]. - The net profit attributable to shareholders for Q3 2024 was -¥2,334,978,061.07, with a year-to-date net profit of -¥4,282,815,357.86[2]. - Total operating revenue for the first three quarters of 2024 was CNY 14,462,849,606.21, a decrease from CNY 32,638,080,764.87 in the same period of 2023, representing a decline of approximately 55.7%[18]. - The net profit attributable to the parent company for the first three quarters of 2024 was CNY 1,356,567,864.24, significantly lower than CNY 5,804,642,400.14 in 2023, reflecting a decrease of approximately 76.6%[17]. - The net profit for the third quarter of 2024 was -4,627,598,694.76 CNY, compared to -2,525,097,575.65 CNY in the same period of 2023, representing an increase in net loss of approximately 83%[19]. - The total comprehensive income for the third quarter of 2024 was -4,627,873,532.27 CNY, compared to -2,523,879,222.31 CNY in the same period of 2023, indicating a significant decline[20]. Cash Flow and Assets - The net cash flow from operating activities for the year-to-date period was -¥2,471,585,975.37, reflecting a decrease of 140.23%[3]. - Cash flow from operating activities for the first three quarters of 2024 was -2,471,585,975.37 CNY, a decrease from 6,143,904,014.44 CNY in the same period of 2023[22]. - The company's cash and cash equivalents decreased from 22.95 billion RMB at the end of 2023 to 13.70 billion RMB by September 30, 2024[15]. - Cash and cash equivalents at the end of the third quarter of 2024 were 13,182,478,047.23 CNY, a decrease from 23,443,135,888.81 CNY at the end of the same period in 2023[23]. - The company's cash and cash equivalents were CNY 2,622,580,672.47 in Q3 2024, down from CNY 2,783,643,735.09 in Q3 2023, indicating a decrease of about 5.8%[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥235,047,096,400.33, down 7.18% from the previous year[3]. - Total assets as of the end of Q3 2024 were CNY 235,047,096,400.33, compared to CNY 253,227,100,103.44 at the end of Q3 2023, showing a decline of about 7.2%[17]. - Total liabilities decreased to CNY 178,928,202,210.86 in Q3 2024 from CNY 193,371,671,171.51 in Q3 2023, a reduction of approximately 7.4%[17]. - The equity attributable to shareholders decreased by 19.72% to ¥17,442,820,864.75 compared to the end of the previous year[3]. - The total equity attributable to shareholders decreased to CNY 17,442,820,864.75 in Q3 2024 from CNY 21,726,956,187.33 in Q3 2023, a decline of about 19.8%[17]. Operational Performance - The company reported a significant decrease in revenue due to a reduction in the number of housing projects delivered this period[6]. - The total operating costs for the first three quarters of 2024 amounted to CNY 17,564,661,524.19, down from CNY 33,102,920,770.15 in 2023, indicating a reduction of about 47.1%[18]. - The total operating profit for the third quarter of 2024 was -4,614,691,239.02 CNY, compared to -2,117,085,770.58 CNY in the same period of 2023, reflecting a worsening operational performance[19]. - The company incurred asset impairment losses of -1,178,494,662.05 CNY in the third quarter of 2024, compared to -326,688,522.82 CNY in the same period of 2023[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 46,557, with the largest shareholder, Beijing Capital Development Holdings (Group) Co., Ltd., holding 1,215,584,048 shares, representing 47.12% of the total[8]. - The company has no pledged, marked, or frozen shares among its top shareholders[8]. - The company has not engaged in any margin trading or securities lending activities during the reporting period[11]. Investment and Development - The company achieved a total investment of 131.25 billion RMB in real estate development from January to September, with 9,899,014 square meters under construction[12]. - The total signed sales amount for the company from January to September is 24.902 billion RMB, with a total sold area of 1,257,697 square meters[13]. - The company reported a long-term equity investment of 30.72 billion RMB as of September 30, 2024, an increase from 28.59 billion RMB at the end of 2023[15]. - The company has a total of 117.75 billion RMB in inventory as of September 30, 2024, down from 126.04 billion RMB at the end of 2023[15]. - The company has 18.31 million RMB in contract assets as of September 30, 2024, compared to 6.46 million RMB at the end of 2023[15]. Financial Expenses and R&D - The company reported a significant increase in financial expenses, totaling CNY 2,432,016,739.60 in the first three quarters of 2024, compared to CNY 2,158,756,795.19 in the same period of 2023, an increase of about 12.6%[18]. - The company’s research and development expenses were CNY 6,849,833.46 in Q3 2024, down from CNY 8,947,307.42 in Q3 2023, reflecting a decrease of approximately 23.4%[18]. New Investments - The company raised 4,064,401,537.64 CNY from new investments in the third quarter of 2024, compared to 3,760,000,000.00 CNY in the same period of 2023[22].