万通发展(600246) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥96,592,842.88, a decrease of 8.87% compared to the same period last year[2] - The net profit attributable to shareholders for Q3 2024 was -¥36,896,943.79, an increase of 49.19% year-on-year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥48,669,834.36, with a year-on-year increase of 6.09%[2] - The net profit for Q3 2024 was a loss of CNY 126,343,497.15, compared to a loss of CNY 172,027,716.52 in Q3 2023, indicating an improvement in financial performance[19] - The total comprehensive income for Q3 2024 was a loss of CNY 126,948,319.38, compared to a loss of CNY 170,299,093.67 in Q3 2023, indicating a reduction in overall losses[19] - Basic earnings per share for Q3 2024 were CNY -0.0620, an improvement from CNY -0.0904 in Q3 2023[19] Assets and Liabilities - The total assets at the end of Q3 2024 were ¥8,412,042,965.68, a decrease of 4.75% from the end of the previous year[3] - The equity attributable to shareholders at the end of Q3 2024 was ¥5,515,996,619.28, down 2.07% from the end of the previous year[3] - Current assets decreased to CNY 2,598,430,835.01 as of September 30, 2024, down 14.6% from CNY 3,043,508,715.75 at the end of 2023[16] - Total liabilities decreased to CNY 2,546,389,965.58, down 10% from CNY 2,828,614,947.79 at the end of 2023[17] - The company's equity attributable to shareholders decreased to CNY 5,515,996,619.28 from CNY 5,632,633,254.86 at the end of 2023[17] - The company reported a decrease in accounts payable to CNY 213,026,806.39, down from CNY 233,489,329.05 at the end of 2023[16] Cash Flow - The net cash flow from operating activities for the year-to-date was -¥77,021,795.43, a significant decrease of 242.06% compared to the same period last year[2] - The net cash flow from operating activities for the first nine months of 2024 was negative at CNY -77,021,795.43, compared to a positive CNY 54,217,331.63 in the same period of 2023[21] - Cash inflow from operating activities totaled CNY 373,893,320.80 in Q3 2024, down from CNY 416,582,916.91 in Q3 2023[21] - The net cash flow from financing activities was -$96,303,960.39, compared to -$143,427,979.68 in the previous period, indicating an improvement[22] - The total cash and cash equivalents at the end of the period amounted to $1,058,028,439.37, down from $1,627,653,402.79 in the previous period[22] Sales and Revenue - The company achieved a total contracted sales area of 14,100 square meters and total contracted sales amounting to ¥199,647,200 from January to September 2024[7] - Total revenue for the first three quarters of 2024 was CNY 331,748,661.02, a decrease of 8.2% compared to CNY 361,311,215.53 in the same period of 2023[17] - The total operating income for the Beijing Wanto New Development Group in Q3 2024 was 14,428.90 million RMB, with a notable contribution from the Beijing Wanto Center D building generating 5,846.63 million RMB[11] Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 32,303, with the largest shareholder, Jia Hua Dong Fang Holdings, holding 27.52% of the shares[10] - The company repurchased 116,138,586 shares, representing 5.84% of the total share capital, as of the end of the reporting period[12] - The company’s major shareholders include Wanto Investment Holdings with 16.57% and Hesheng Wealth Management holding 5.00%[10] Future Plans and Acquisitions - The company plans to expand its real estate reserves and has seen significant fluctuations in contracted sales across various projects, with some areas experiencing declines of up to 100%[8] - The company is in the process of acquiring control of Source Photonics Holdings (Cayman) Limited, with significant board meetings held on August 23 and September 20, 2024, to discuss the transaction[13] - The company plans to provide further information regarding the acquisition and restructuring process, which is subject to shareholder approval and carries investment risks[14] Operational Costs and Expenses - The total operating costs for Q3 2024 were CNY 477,797,102.91, a decrease from CNY 484,799,459.67 in Q3 2023, with operating costs specifically down to CNY 229,630,626.02 from CNY 258,680,537.69[18] - Research and development expenses increased significantly to CNY 6,508,392.64 in Q3 2024 from CNY 2,733,567.27 in Q3 2023, reflecting a focus on innovation[18] - The company experienced a decrease in sales expenses, which rose to CNY 33,596,427.14 in Q3 2024 from CNY 31,375,568.93 in Q3 2023[18] - The tax expenses for Q3 2024 were CNY 2,213,971.92, compared to a tax benefit of CNY -1,738,080.52 in Q3 2023, indicating a shift in tax position[18]