CFLD(SH:600340)2017-10-26 16:00Financial Performance - Operating revenue for the first nine months reached CNY 30.89 billion, a 21.21% increase year-on-year[6] - Net profit attributable to shareholders rose by 35.30% to CNY 6.23 billion for the first nine months[6] - Basic and diluted earnings per share increased by 27.85% to CNY 2.02[6] - The weighted average return on equity increased by 0.98 percentage points to 22.81%[6] - Total revenue for Q3 2017 reached ¥8,630,974,910.98, an increase of 9.5% compared to ¥7,880,695,916.27 in Q3 2016[36] - Year-to-date revenue for 2017 was ¥30,889,869,750.70, up from ¥25,485,531,294.95 in the same period of 2016, reflecting a growth of 21.5%[36] - The total profit for the first nine months of 2017 was ¥6,224,153,189.11, compared to ¥4,442,387,526.24 in the previous year, indicating a year-over-year increase of about 40%[38] - The company reported a total comprehensive income of ¥699,586,458.82 for Q3 2017, compared to ¥615,704,071.48 in the previous year[39] Assets and Liabilities - Total assets increased by 34.65% to CNY 336.48 billion compared to the end of the previous year[6] - The company reported a decrease in current assets to ¥83,517,724,086.02 from ¥104,810,607,926.97, a decline of 20.3%[32] - Total liabilities stood at ¥274.69 billion, up from ¥211.87 billion, which is an increase of approximately 29.6%[30] - The company's equity increased to ¥61.79 billion from ¥38.03 billion, representing a growth of about 62.2%[30] - Total assets decreased to ¥95,518,166,032.62 from ¥117,963,346,168.66 at the beginning of the year, a decline of 19%[33] - Total liabilities decreased to ¥73,845,140,999.65 from ¥101,809,271,201.07, representing a reduction of 27.5%[33] - Owner's equity increased to ¥21,673,025,032.97 from ¥16,154,074,967.59, marking a growth of 34.1%[33] Cash Flow - The company reported a net cash flow from operating activities of CNY -22.43 billion, indicating a significant increase in cash outflow compared to the previous year[6] - Operating cash inflow for the first nine months was CNY 56.71 billion, down from CNY 60.33 billion year-on-year, a decrease of approximately 4.3%[47] - Net cash outflow from operating activities reached CNY -22.43 billion, compared to CNY -178.76 million in the same period last year[47] - Total cash inflow from investment activities was CNY 7.58 billion, down from CNY 9.69 billion year-on-year, a decrease of about 21.8%[47] - Cash outflow for investment activities totaled CNY 32.92 billion, slightly up from CNY 31.40 billion year-on-year[48] - Net cash flow from financing activities increased to CNY 48.66 billion, compared to CNY 25.50 billion in the previous year, an increase of approximately 90.7%[48] - Cash and cash equivalents at the end of the period stood at CNY 44.04 billion, up from CNY 38.87 billion year-on-year, an increase of approximately 13.0%[48] Shareholder Information - The total number of shareholders reached 128,168 by the end of the reporting period[8] - The largest shareholder, Huaxia Happiness Holdings, holds 57.61% of the shares, with 717.3 million shares pledged[8] Investments and Projects - The company plans to continue expanding its market presence and developing new products and technologies[6] - The company completed a non-public bond issuance of ¥10 billion by its subsidiary, Jiutong Investment, in July 2017[12] - The company registered asset-backed securities worth ¥200 million for its subsidiary, Xingfu Property, in August 2017[13] - The company plans to issue asset-backed securities with a financing scale not exceeding RMB 4 billion, pending approval from the Shanghai Stock Exchange[15] - The company has received approval for a registered amount of RMB 6 billion for short-term financing notes, which has been fully issued during the reporting period[16] Operational Metrics - Accounts receivable increased by 79.98% to ¥17,099,072,641.12 due to significant growth in park settlement income[10] - Prepayments surged by 215.79% to ¥11,214,756,174.58, primarily due to a substantial increase in advance project payments[10] - Inventory rose by 36.24% to ¥200,742,367,639.62, driven by business expansion[10] - Short-term borrowings increased by 1,285.29% to ¥4,155,859,000.00, indicating a significant rise in short-term financing[10] - The company reported a significant increase in employee compensation payments, totaling CNY 6.30 billion, compared to CNY 3.44 billion last year, an increase of about 83.5%[47] Compliance and Governance - The company reported a commitment to not engage in real estate development or sales outside of its controlled entity, Jingyu Real Estate[21] - The company guarantees that it will not directly or indirectly participate in similar businesses as the listed company, ensuring no competitive activities[21] - The company will notify the listed company of any business opportunities that may compete with its operations, allowing the listed company to respond within a reasonable timeframe[22] - The company commits to fulfilling its obligations as a shareholder of the listed company, respecting its independent legal status and ensuring independent operations[22] - The company and its affiliates will not engage in related party transactions with the listed company unless unavoidable, and will ensure compliance with legal and regulatory requirements[22] - The company will not seek benefits beyond those specified in related party transaction agreements with the listed company[22] - The company has established a long-term commitment to uphold these obligations and responsibilities[22] - The company will take effective measures to ensure that its controlled entities do not engage in competitive activities with the listed company[21] - The company is willing to bear all responsibilities and compensate for any losses incurred due to violations of these commitments[21] - The company emphasizes the importance of transparency and fairness in all transactions with the listed company[22]