城建发展(600266) - 2018 Q3 - 季度财报

Financial Performance - Net profit attributable to shareholders increased by 39.09% to CNY 670.72 million year-on-year[6] - Operating revenue rose by 8.47% to CNY 7.68 billion compared to the same period last year[6] - The company achieved a weighted average return on equity of 3.32%, an increase of 0.86 percentage points from the previous year[6] - Total operating revenue for Q3 2018 reached ¥4,322,681,930.45, an increase of 37% compared to ¥3,158,550,840.24 in Q3 2017[24] - Net profit for Q3 2018 was ¥289,973,414.15, compared to ¥240,856,775.31 in Q3 2017, representing a growth of 20%[25] - Total operating revenue for Q3 2018 was ¥8,785,924.57, a slight increase from ¥8,605,625.68 in Q3 2017, representing a growth of approximately 2.09%[28] - Net profit for Q3 2018 was ¥988,552,932.89, down from ¥1,305,993,086.44 in Q3 2017, indicating a decrease of about 24.3%[29] - Total comprehensive income for Q3 2018 was ¥993,438,356.56, down from ¥1,373,071,357.17 in Q3 2017, a decrease of about 27.6%[30] Assets and Liabilities - Total assets increased by 4.15% to CNY 102.28 billion compared to the end of the previous year[6] - The company's current assets totaled CNY 90.69 billion, up from CNY 86.15 billion at the beginning of the year, indicating an increase of about 5.88%[17] - The total liabilities of the company reached CNY 78.44 billion, compared to CNY 76.04 billion at the beginning of the year, marking an increase of about 3.15%[18] - The total assets as of the end of Q3 2018 amounted to ¥35,940,965,345.81, an increase from ¥35,144,707,068.32 at the end of Q3 2017[23] - Total liabilities decreased to ¥17,596,765,412.31 in Q3 2018 from ¥18,573,386,661.34 in Q3 2017, indicating a reduction of approximately 5%[23] - The company's total equity increased to ¥18,344,199,933.50 in Q3 2018, up from ¥16,571,320,406.98 in Q3 2017, marking a growth of about 11%[23] Cash Flow - The company’s cash flow from operating activities improved by 66.26%, reaching a net outflow of CNY 4.36 billion[6] - Cash inflow from operating activities for the first nine months of 2018 was ¥11,873,687,106.68, down from ¥16,773,331,875.62 in the same period of 2017, a decrease of about 29.3%[31] - Cash outflow from operating activities totaled 4,932,088,272.37 RMB, compared to 27,106,576,416.67 RMB in the previous year, showing a reduction in cash outflow[34] - The company experienced a net decrease in cash and cash equivalents of -1,064,724,882.2 RMB during the third quarter of 2018[35] Investment and Income - Investment income increased by 66.57% year-on-year, primarily due to higher returns from joint ventures[12] - The investment income for Q3 2018 was ¥5,352,698.00, a recovery from a loss of ¥1,320,953.97 in Q3 2017[25] - Investment income for Q3 2018 was ¥910,212,414.49, down from ¥1,268,589,482.97 in Q3 2017, a decrease of approximately 28.3%[29] Tax and Charges - The company’s tax and additional charges rose by 75.83% compared to the previous year, attributed to different income recognition projects[12] - The company reported a significant increase in tax expenses, which were ¥62,926,131.52 in Q3 2018 compared to ¥72,777,696.83 in Q3 2017, a decrease of approximately 14%[25] - Tax expenses for Q3 2018 were ¥29,543,919.84, compared to ¥12,553,858.29 in Q3 2017, an increase of about 135.6%[29] Inventory and Land Reserves - New land reserves totaled 173,400 square meters, significantly up from 38,000 square meters in the same period last year[11] - The inventory balance as of September 30, 2018, was CNY 71.53 billion, compared to CNY 60.92 billion at the beginning of the year, reflecting a significant increase of approximately 17.43%[17] Borrowings and Payables - The long-term borrowings increased from CNY 26.69 billion to CNY 29.43 billion, representing a rise of about 10.31%[18] - The company's other payables decreased from CNY 6.09 billion to CNY 5.18 billion, a decline of approximately 15.06%[18] - The deferred income tax liabilities decreased from CNY 1.85 billion to CNY 1.65 billion, reflecting a reduction of about 10.96%[18]