卧龙地产(600173) - 2014 Q3 - 季度财报

Financial Performance - Operating revenue for the first nine months rose by 4.78% to CNY 760,751,055.72 year-on-year[8] - Net profit attributable to shareholders decreased by 0.59% to CNY 70,364,447.52 compared to the same period last year[8] - Net profit for the third quarter was ¥7,526,812.88, down from ¥12,718,058.48 in the same period last year, a decrease of 40.5%[39] - Operating revenue for the third quarter was ¥207,010,880.24, a decline of 22.7% compared to ¥267,751,997.64 in the previous year[39] - The total comprehensive income attributable to the parent company was CNY 9,162,195.77, down from CNY 13,350,518.02 in the same period last year[42] - The company reported a basic earnings per share of ¥0.013, down from ¥0.018 in the same quarter last year[39] - The company reported a basic and diluted earnings per share of CNY -0.145 for the third quarter, compared to CNY 0.387 in the same period last year[43] Assets and Liabilities - Total assets increased by 27.10% to CNY 4,476,693,577.34 compared to the end of the previous year[8] - The company's total liabilities increased significantly, with pre-receipts rising by 388.27% to CNY 754,546,606.64 due to increased pre-sale housing funds[15] - Total liabilities rose to ¥2,870,752,771.65, up from ¥1,953,154,874.81, indicating a 47% increase[32] - The total current assets reached ¥4,206,049,436.55, up from ¥3,246,224,684.29, indicating an increase of about 29.6%[31] - The company's inventory rose to ¥3,039,509,212.79 from ¥2,804,471,692.45, reflecting an increase of approximately 8.4%[31] - The total non-current assets decreased slightly to ¥270,644,140.79 from ¥275,942,096.24, a decline of about 1.2%[31] Cash Flow - Cash flow from operating activities turned positive with a net amount of CNY 294,942,082.82, compared to a negative cash flow in the previous year[8] - Operating cash flow increased significantly to ¥294,942,082.82, a 580.40% increase compared to the previous period, primarily due to increased pre-sale revenue[17] - Total cash inflow from operating activities was CNY 776,951,339.89, significantly higher than CNY 243,338,205.86 in the previous year, marking a growth of 219.5%[47] - The total cash outflow for operating activities was CNY 609,357,115.09, which is significantly higher than CNY 147,055,755.39 in the previous year, indicating increased operational costs[47] - Cash flow from financing activities showed a net inflow of CNY 500,257,897.18, reversing from a net outflow of CNY 70,757,181.11 in the previous year[48] Investments - Investment income was reported at CNY 1,423,076.92, reflecting a 100% increase from the previous period due to cash dividends from long-term equity investments[16] - The company reported an investment loss of CNY -103,014,291.06 during the third quarter, compared to an investment income of CNY 280,000,000 in the same period last year[43] - The company holds a 11.11% stake in Zhejiang Longxin Equity Investment Partnership valued at ¥35 million, and a 19.78% stake in Shanghai Gefei Honghan Investment Center valued at ¥50 million, among other investments[28] Shareholder Information - The number of shareholders reached 46,043, with the largest shareholder holding 43.32% of the shares[12] - As of September 30, 2014, Zhejiang Wolong Investment Co., Ltd. had pledged 285,000,000 shares, accounting for 39.30% of the company's total share capital[24] Corporate Actions - The company issued corporate bonds amounting to CNY 593,000,000.00 during the reporting period[15] - The company acquired a 5% minority stake in Shaoxing Wolong Real Estate Development Co., Ltd. for ¥6.5 million, with the registration completed[22] - The company received land compensation of ¥219,200,000 for the government acquisition of part of its state-owned land use rights[23] Accounting and Compliance - The company reported a change in accounting policy, moving ¥145 million from "long-term equity investments" to "available-for-sale financial assets" due to new accounting standards[27] - The company will implement the revised accounting standards starting July 1, 2014, which will not affect the operating results or cash flows for the year 2013[26] - The company has committed to avoiding continuous related-party transactions with Wolong Real Estate, ensuring fair pricing and compliance with legal procedures[26] - The company has pledged to ensure that its controlling subsidiaries adhere to commitments regarding competition and related-party transactions[26]