CMSK(001979)2024-10-30 12:23Financial Performance - The company's operating revenue for Q3 2024 reached ¥26,736,804,077.38, representing a year-on-year increase of 9.64%[3] - Net profit attributable to shareholders decreased by 26.78% year-on-year to ¥1,183,399,179.39, while net profit after deducting non-recurring gains and losses dropped by 82.08% to ¥281,636,817.08[3] - Basic earnings per share decreased by 35.29% to ¥0.11, and diluted earnings per share also fell by 35.29% to ¥0.11[3] - The company reported a 2.88% increase in operating revenue for the year-to-date period, while net profit attributable to shareholders declined by 31.00% due to a decrease in gross profit margin from development projects[3] - Total operating revenue for the current period reached ¥78,009,431,300.35, an increase from ¥75,828,913,858.79 in the previous period, representing a growth of approximately 2.5%[12] - Net profit for the current period was ¥3,419,601,345.63, down from ¥5,526,078,764.45, indicating a decline of approximately 38.2%[13] - The company’s total comprehensive income for the current period was ¥3,264,307,874.69, down from ¥5,558,492,361.80, a decrease of approximately 41.2%[13] - Basic earnings per share decreased to ¥0.22 from ¥0.39, reflecting a decline of approximately 43.6%[13] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period fell by 49.58% to ¥12,971,322,796.83, primarily due to a decrease in cash receipts from real estate project sales[3] - The company reported a significant decrease in cash flow from operating activities, with a net cash flow of ¥12,971,322,796.83 compared to ¥25,724,643,489.15 in the previous period, a drop of about 49.6%[15] - Cash inflow from operating activities totaled ¥112,944,196,697.67, down from ¥158,377,908,850.83, a decrease of about 28.7%[15] - The ending balance of cash and cash equivalents was approximately ¥85.40 billion, a decrease from ¥88.27 billion year-over-year[16] - The company reported a net increase in cash and cash equivalents of approximately -¥2.26 billion, contrasting with a net increase of ¥2.42 billion in the previous year[16] Assets and Liabilities - Total assets as of September 30, 2024, amounted to ¥918,760,551,408.53, reflecting a 1.13% increase compared to the end of the previous year[3] - The company's equity attributable to shareholders decreased by 7.87% to ¥110,297,224,090.19[3] - The total liabilities increased to CNY 630.54 billion from CNY 611.82 billion, representing a rise of approximately 3.73%[11] - The company's current assets totaled CNY 668.45 billion, up from CNY 663.96 billion at the end of 2023, indicating a growth of about 0.74%[10] - Accounts receivable rose significantly to CNY 5.83 billion, compared to CNY 3.47 billion at the end of 2023, marking an increase of approximately 67.06%[9] - The company's inventory increased to CNY 423.58 billion from CNY 416.70 billion, reflecting a growth of about 1.65%[10] - Long-term borrowings rose to CNY 126.86 billion from CNY 118.77 billion, an increase of approximately 6.67%[11] - The total equity attributable to shareholders decreased to CNY 110.30 billion from CNY 119.72 billion, a decline of about 7.87%[11] - The company reported a significant increase in contract liabilities to CNY 191.32 billion from CNY 161.53 billion, representing a growth of approximately 18.43%[10] Investment and Financing - The company’s investment income surged by 131.75% year-on-year to ¥369,574.95 million, attributed to increased gains from equity method investments[5] - The company paid ¥585,513,467.48 in interest on perpetual bonds during the reporting period[4] - Cash inflows from financing activities totaled approximately ¥102.44 billion, down from ¥126.63 billion year-over-year, representing a decrease of about 19%[16] - Net cash outflow from financing activities was approximately -¥18.79 billion, an improvement from -¥25.03 billion year-over-year[16] - Cash received from borrowings was approximately ¥89.34 billion, slightly down from ¥89.36 billion year-over-year[16] - Cash paid for debt repayment was approximately ¥84.88 billion, consistent with the previous year's figure of ¥84.91 billion[16] - Cash paid for dividends, profits, or interest was approximately ¥9.73 billion, an increase from ¥9.21 billion year-over-year[16] - The impact of exchange rate changes on cash and cash equivalents was approximately -¥72.24 million, compared to -¥21.48 million year-over-year[16] - Cash outflows related to other financing activities were approximately ¥26.61 billion, down from ¥57.54 billion year-over-year, indicating a significant reduction of about 53%[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 117,777, with the largest shareholder, China Merchants Group, holding 50.84% of the shares[6] Research and Development - Research and development expenses decreased to ¥87,614,187.18 from ¥105,953,819.56, a reduction of approximately 17.3%[13] Audit Status - The company’s third-quarter report for 2024 is unaudited[17]