Financial Performance - The company's operating revenue for the nine months ended September 30, 2024, was RMB 6,105,328,940.02, a decrease of 29.5% compared to RMB 8,675,386,414.22 for the same period in 2023[3] - The net profit attributable to the owners of the parent company for the same period was a loss of RMB 2,004,729,082.25, compared to a loss of RMB 621,940,809.65 in 2023, representing an increase in loss of 222.5%[4] - The company reported a total comprehensive loss attributable to the owners of the parent company of RMB 2,078,486,215.87 for the period, compared to RMB 769,653,776.34 in 2023[4] Cash Flow and Liquidity - The company's net cash flow from operating activities was a negative RMB 531,418,219.69, a significant decline from a positive RMB 2,768,453,497.54 in the previous year[5] - The company’s cash and cash equivalents at the end of the period were RMB 3,579,296,318.28, an increase from RMB 3,118,251,176.16 at the end of the previous year[5] - Cash and cash equivalents increased significantly to RMB 4,133,287,098.39 from RMB 2,974,052,910.82, representing a growth of 38.83%[8] Expenses - The financial expenses for the company were RMB 1,829,078,193.38, slightly down from RMB 1,878,704,823.68 in the previous year[3] - The company’s R&D expenses were RMB 11,183,169.58, a decrease from RMB 13,771,845.42 in the previous year[3] - The company’s sales expenses were RMB 754,283,033.84, down from RMB 1,120,914,998.33 in the previous year[3] Asset and Liability Management - As of September 30, 2024, the total current assets amounted to RMB 10,195,106,992.55, a slight decrease of 2.23% from RMB 10,427,891,309.98 as of December 31, 2023[8] - The total non-current assets decreased to RMB 108,470,336,593.03 from RMB 110,632,747,089.37, reflecting a decline of 2.00%[9] - The total liabilities as of September 30, 2024, were RMB 67,921,859,728.93, showing a marginal decrease of 0.47% from RMB 68,238,972,398.90[11] - The total equity attributable to shareholders decreased to RMB 47,657,646,755.66 from RMB 49,615,294,277.92, a decline of 3.95%[12] - The company's total borrowings as of the reporting date were RMB 30,265,193,170.37[12] Inventory and Contract Liabilities - The total inventory decreased to RMB 43,128,491.93 from RMB 159,513,922.13, a significant decline of 73.00%[8] - The company's contract liabilities decreased to RMB 775,762,931.29 from RMB 1,137,849,774.30, a decrease of 31.85%[10] Fair Value and Tax Assets - The fair value loss on investment properties was RMB 1,206,180,672.75, an increase in loss of RMB 789,000,000 compared to the previous year[7] - The total deferred tax assets increased to RMB 3,621,456,574.12 from RMB 3,115,229,001.03, an increase of 16.26%[9] Market Conditions - The company attributed the decline in operating revenue to fluctuations in the overall economic environment and a temporary decrease in mall occupancy rates[5]
红星美凯龙(01528) - 2024 Q3 - 季度业绩