南山控股(002314) - 2024 Q3 - 季度财报

Financial Performance - The company's operating revenue for Q3 2024 was ¥1,412,603,005.33, a decrease of 4.61% compared to the same period last year[3]. - The net profit attributable to shareholders was -¥230,296,984.69, reflecting a significant decline of 4,213.10% year-on-year[3]. - The company reported a 55.92% decrease in year-to-date operating revenue, totaling ¥4,135,448,336.95, primarily due to reduced revenue from real estate projects[7]. - Total revenue for Q3 2024 was approximately ¥4.14 billion, a decrease from ¥9.38 billion in the same period last year, representing a decline of about 56%[16]. - The net profit for Q3 2024 was -270,098,951.37 CNY, a significant decline compared to the net profit of 217,668,399.10 CNY in the same period last year, representing a year-over-year decrease of approximately 224.8%[17]. - The total profit for Q3 2024 was -198,751,268.98 CNY, a sharp decline from 558,098,984.47 CNY in the previous year, indicating a decrease of approximately 135.6%[17]. - The total comprehensive income for Q3 2024 was -266,813,689.18 CNY, compared to 214,702,164.80 CNY in Q3 2023, indicating a decrease of approximately 224.8%[17]. Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period was -¥1,064,544,510.84, a decrease of 119.40% compared to the previous year[3]. - Cash received from sales and services for the first nine months of 2024 was ¥5,032,459,807.04, a decrease of 58.54% compared to ¥12,138,083,015.97 in the same period of 2023, primarily due to reduced sales returns in the real estate sector[9]. - Cash inflow from financing activities amounted to CNY 12,198,128,369.66, down from CNY 18,120,377,797.05, representing a decline of about 33%[20]. - Cash outflow for financing activities was CNY 9,351,636,777.14, significantly reduced from CNY 18,714,700,359.77, indicating a decrease of approximately 50%[20]. - The net increase in cash and cash equivalents was -CNY 560,090,970.51, contrasting with a significant increase of CNY 3,570,625,671.97 in the prior year[20]. - The ending balance of cash and cash equivalents stood at CNY 7,251,536,376.97, down from CNY 9,429,772,933.00 year-over-year[20]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥73,838,192,329.97, representing a 1.41% increase from the end of the previous year[3]. - The total liabilities increased by 50.73% to ¥7,386,828,869.54, primarily due to an increase in short-term borrowings from related parties[7]. - Total liabilities at the end of Q3 2024 were approximately ¥56.64 billion, up from ¥55.08 billion, reflecting an increase of about 2.8%[15]. - Long-term borrowings increased to approximately ¥22.19 billion from ¥18.31 billion, representing a rise of about 21.5%[15]. - The company's total equity decreased to approximately ¥17.20 billion from ¥17.73 billion, a decline of about 3.0%[15]. Expenses and Costs - Management expenses decreased by 33.19% to ¥374,747,381.37, attributed to cost-cutting measures and the reversal of previously accrued bonuses[8]. - The company recorded a significant drop in other income, which decreased by 43.26% to ¥25,484,837.64, mainly due to reduced government subsidies[8]. - The company reported a 79.04% decrease in income tax expenses, amounting to ¥71,347,682.39, due to reduced revenue from real estate projects[8]. - Total operating costs for Q3 2024 were approximately ¥4.53 billion, down from ¥9.07 billion year-over-year, indicating a reduction of around 50%[16]. - Financial expenses rose to 558,707,641.31 CNY in Q3 2024, compared to 467,659,096.98 CNY in the same period last year, representing an increase of approximately 19.5%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 48,584[11]. - The largest shareholder, China Nanshan Development (Group) Co., Ltd., holds 57.99% of the shares, totaling 1,570,139,538 shares[11]. Investment Activities - Cash inflow from minority shareholders' investments surged by 5869.42% to ¥31,069,236.00 from ¥520,473.46, reflecting increased contributions from minority shareholders[10]. - Investment activities cash outflow totaled CNY 2,535,798,945.87, an increase from CNY 2,079,132,654.64 in the previous period, reflecting a growth of approximately 22%[20]. - Net cash flow from investment activities was -CNY 2,342,573,708.19, worsening from -CNY 1,320,257,153.50 year-over-year[20]. Other Information - The company has not undergone an audit for the third quarter report[20].