CFLD(SH:600340)2018-10-26 16:00Financial Performance - Operating revenue for the first nine months reached CNY 45.14 billion, a 46.14% increase from the same period last year[5] - Net profit attributable to shareholders increased by 26.49% to CNY 7.88 billion year-on-year[5] - Basic earnings per share rose by 25.74% to CNY 2.54 per share[6] - Total operating revenue for Q3 2018 reached ¥10,167,073,838.89, an increase of 17.8% compared to ¥8,630,974,910.98 in Q3 2017[37] - Net profit for Q3 2018 was ¥1,004,559,006.21, representing a 23.1% increase from ¥815,680,733.15 in Q3 2017[38] - Total comprehensive income for the third quarter reached ¥948.63 million, an increase from ¥699.59 million in the same period last year[39] - Net profit attributable to the parent company was ¥894.42 million, compared to ¥745.18 million in the previous year, reflecting a growth of approximately 20%[39] Assets and Liabilities - Total assets increased by 5.73% to CNY 397.39 billion compared to the end of the previous year[5] - Total current assets increased to ¥367.18 billion from ¥348.49 billion, representing a growth of approximately 5.0%[28] - Total liabilities increased to ¥335.51 billion from ¥304.83 billion, showing a rise of about 10.1%[29] - Long-term borrowings increased to ¥43.46 billion from ¥37.07 billion, representing a growth of approximately 17.5%[29] - The total liabilities as of the end of Q3 2018 amounted to ¥69,352,389,415.21, a decrease from ¥77,216,920,686.55 at the end of the previous year[34] - The total equity of the company was ¥22,746,943,675.94, down from ¥25,820,930,892.17 in the previous year[34] Cash Flow - Cash flow from operating activities showed a significant improvement, with a net cash flow of CNY -7.66 billion compared to CNY -22.43 billion in the previous year[5] - The net cash flow from operating activities was reported at -¥7.66 billion, indicating a significant improvement from -¥22.43 billion in the previous year[13] - The net cash flow from operating activities was -2,064,030,589.19 RMB, compared to -5,428,859,481.55 RMB in the previous year, indicating an improvement[48] - Cash inflow from operating activities totaled 40,028,190,261.26 RMB, an increase from 29,324,118,470.33 RMB year-over-year[48] - The company reported a net cash outflow from investment activities of -9,163,730,688.07 RMB, compared to -25,336,440,765.56 RMB in the previous year, showing a significant reduction in cash outflow[45] Shareholder Information - The company had a total of 118,175 shareholders at the end of the reporting period[8] - The largest shareholder, 华夏幸福基业控股股份公司, holds 36.22% of the shares, with 763.52 million shares pledged[8] - The company completed the transfer of 582,124,502 shares to Ping An Asset Management, enhancing its shareholder structure[14] Investment and Financing Activities - The company issued bonds totaling ¥21.03 billion, a 95.90% increase compared to the previous period, reflecting increased financing activities[13] - The company approved a public bond issuance of 10 billion yuan on August 30, 2018, to qualified investors[16] - The company issued 1.3 billion yuan in non-public bonds with a maturity of 3 years and a coupon rate of 7.4%[17] - The company plans to issue up to 2 billion USD in overseas bonds, with 430 million USD already issued at a coupon rate of 9%[18] - The company registered a short-term financing bond of 6 billion yuan, with 2.5 billion yuan issued at a coupon rate of 6%[20] Real Estate Development - The total area of newly started real estate projects in Q3 2018 was 1,322,396.17 square meters, while completed projects totaled 193,425.11 square meters[23] - The company's real estate reserves amounted to 10,579,380.88 square meters, with 980,538.18 square meters under cooperative development[23] - The company has ongoing projects in various regions, including Bazhou and Gu'an, with significant areas under development[21] - The company has a 51% stake in a project in Lishui, with a total area of 256,721 square meters[21] Cost and Expense Management - The operating costs for the same period increased by 83.24%, amounting to ¥24.66 billion, primarily due to increased real estate business settlements[12] - The company reported a gross profit margin of approximately 14.2% for Q3 2018, compared to 12.5% in Q3 2017[37] - The company’s financial expenses for Q3 2018 were ¥145,885,415.41, a decrease of 46.4% from ¥272,262,336.94 in Q3 2017[37] - Management reported a significant increase in management expenses, which rose to ¥1.68 billion from ¥1.29 billion year-over-year[41] - The company recorded a financial expense of ¥149.11 million, down from ¥331.98 million in the previous year, indicating improved cost management[41]