Youngor(SH:600177)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 12.58% to CNY 2,341,102,760.27 for the year-to-date period[6] - Operating revenue for the first nine months fell by 35.91% to CNY 4,731,876,082.29, primarily due to a 76.52% decline in the real estate sector[7] - The diluted earnings per share decreased by 12.58% to CNY 0.65[7] - In Q3 2018, YOUNGOR achieved revenue of RMB 473,187.61 million, a decrease of 35.91% year-on-year, with a net profit of RMB 234,110.28 million, down 12.58%[13] - The real estate segment reported revenue of RMB 96,403.95 million, down 76.52% year-on-year, with a net profit of RMB 32,271.47 million, a decrease of 58.93%[13] - The net profit for Q3 2018 was approximately ¥854.57 million, an increase from ¥630.49 million in the same period last year, representing a growth of 35.5%[42] - Total revenue for the first nine months of 2018 reached approximately ¥6.24 billion, compared to ¥3.06 billion in the same period last year, indicating a year-over-year increase of 104.0%[44] Cash Flow - The net cash flow from operating activities decreased by 6.83% to CNY 2,742,343,271.28 compared to the same period last year[6] - Cash inflows from operating activities for the first nine months of 2018 reached ¥11.66 billion, up from ¥10.17 billion year-on-year, indicating a growth of about 14.6%[47] - The net cash flow from operating activities for the first nine months of 2018 was ¥2.74 billion, slightly down from ¥2.94 billion in the previous year, reflecting a decrease of approximately 7.2%[47] - Cash inflows from investment activities totaled ¥12.05 billion, a substantial increase from ¥3.39 billion in the same period last year, marking an increase of approximately 255.5%[48] - The net cash flow from investment activities was ¥1.53 billion, recovering from a net outflow of ¥4.03 billion in the previous year[48] - Cash inflow from financing activities totaled ¥19.40 billion, compared to ¥14.88 billion in the same period last year, representing an increase of about 30.5%[48] - The net cash flow from financing activities was ¥595.12 million, slightly up from ¥553.85 million year-on-year[48] Assets and Liabilities - Total assets increased by 12.10% to CNY 75,015,802,324.07 compared to the end of the previous year[6] - The company's inventory grew by 31.64% year-on-year, reaching RMB 1,242,576.12 million, with a significant increase in real estate inventory[23] - Long-term borrowings increased by 1118.32% compared to the beginning of the year, primarily due to the reclassification of short-term mortgage loans into long-term borrowings[25] - Total liabilities as of September 30, 2018, were CNY 20,949,521,386.13, slightly up from CNY 20,762,535,039.73 at the beginning of the year[39] - The company reported a total equity of CNY 23,303,734,204.06 as of September 30, 2018, compared to CNY 18,721,543,225.39 at the beginning of the year, reflecting a growth of 24.0%[40] Shareholder Information - The company reported a total of 130,463 shareholders as of the reporting date[11] - The largest shareholder, Ningbo Youngor Holding Co., Ltd., holds 30.50% of the shares[12] Government Support and Subsidies - The company received government subsidies amounting to CNY 55,302,053.67 year-to-date[9] Investment and Development - The investment segment generated investment income of RMB 251,785.10 million, an increase of RMB 2,094.33 million year-on-year[22] - YOUNGOR's new land acquisition included 1 plot of land with an area of 34,300 square meters, bringing total land reserves to 203,700 square meters[21] - The company plans to launch new projects, adding a saleable area of 96,000 square meters in Q4 2018[21] Other Financial Metrics - The weighted average return on equity decreased by 2.23 percentage points to 9.28%[7] - Financial expenses decreased by 36.78% year-on-year, attributed to interest income of CNY 37,304.63 million from the maturity of a three-year financing deposit[27] - Asset impairment losses increased by CNY 27,510.77 million year-on-year, mainly due to a provision for impairment losses on CITIC shares amounting to CNY 29,759.38 million[27] - Other comprehensive income increased by 95.86% compared to the beginning of the year, driven by fair value changes in available-for-sale financial assets and equity method accounting for Ningbo Bank[25]