GREATTOWN(SH:600094)2018-10-29 16:00Financial Performance - Net profit attributable to shareholders dropped by 91.53% to CNY 55.63 million year-to-date[6] - Basic earnings per share fell by 91.52% to CNY 0.0225[7] - The weighted average return on equity decreased by 5.11 percentage points to 0.53%[7] - The company reported a significant asset impairment loss of RMB 425,543,689.50, a drastic increase from a loss of RMB -7,390,836.79 in the previous year, mainly due to increased impairment in financing lease business[15] - Investment income showed a loss of RMB -352,681,613.31, a decline of 160.86% compared to a profit of RMB 579,494,284.75, primarily due to losses from stock sales[15] - The total profit for the period was a loss of ¥293,248,723.00, contrasting with a profit of ¥442,083,177.56 in the same period last year[37] - The company reported a total comprehensive income of -132,679,467.46 RMB for Q3 2018, compared to 103,437,938.56 RMB in the same period last year[42] Revenue and Costs - Operating revenue increased by 71.19% to CNY 7.01 billion year-to-date[6] - The company's operating revenue for Q3 2018 reached RMB 7,007,425,339.62, an increase of 71.19% compared to RMB 4,093,434,765.98 in the same period last year[15] - The operating cost for the same period was RMB 4,630,292,096.15, reflecting an 80.24% increase from RMB 2,568,964,506.41, primarily due to increased sales area delivered to owners[15] - Total operating revenue for Q3 2018 reached ¥2,262,473,494.21, an increase of 7.58% compared to ¥2,103,546,867.55 in Q3 2017[36] - Total operating costs for Q3 2018 were ¥2,322,493,899.87, up 29.73% from ¥1,789,805,336.97 in Q3 2017[36] Cash Flow - Net cash flow from operating activities reached CNY 4.62 billion, a significant recovery from a negative CNY 159.98 million in the same period last year[6] - Cash inflow from operating activities for the year-to-date was $168,973,009.84, a significant decrease from $687,017,052.24 in the previous year, reflecting a decline of approximately 75.5%[46] - Net cash flow from operating activities was -$40,106,666.93, improving from -$233,867,147.30 year-over-year[46] - Cash inflow from investment activities totaled $16,700,971,245.24, compared to $8,666,470,583.47 in the previous year, representing an increase of about 92.9%[46] - Net cash flow from investment activities was $2,041,745,942.27, a turnaround from -$1,935,611,234.77 in the previous year[46] Assets and Liabilities - Total assets decreased by 4.90% to CNY 54.18 billion compared to the end of the previous year[6] - The total liabilities decreased by 46.97% to RMB 3,582,013,959.63 from RMB 6,754,177,928.49, due to the maturity of certain bonds and reclassification of some debts[14] - The company's total debt balance stood at CNY 5.564 billion, with an asset-liability ratio of 76.89% as of the reporting date[22] - Total liabilities decreased from ¥44,308,911,469.99 to ¥41,660,783,738.58, a decline of approximately 6.1%[29] - Shareholders' equity attributable to the parent company decreased from ¥11,831,734,222.54 to ¥11,622,168,455.06, a decrease of about 1.8%[29] Shareholder Information - The total number of shareholders reached 60,612[10] - The largest shareholder, Fuzhou Dongfu Industrial Development Co., Ltd., holds 235,587,483 shares, accounting for 9.52% of total shares[10] Future Outlook - The company anticipates a significant decline in cumulative net profit compared to the previous year due to increased bad debts and investment losses[24] - The company plans to focus on improving operational efficiency and exploring new market opportunities in the upcoming quarters[41]