BCDC(SH:600376)2017-10-30 16:00Financial Performance - Net profit attributable to shareholders decreased by 24.24% to CNY 913.17 million year-on-year[6] - Operating revenue for the first nine months decreased by 13.22% to CNY 15.18 billion compared to the same period last year[6] - Basic earnings per share decreased by 21.47% to CNY 0.2717[7] - The net profit after deducting non-recurring gains and losses plummeted by 99.52% to CNY 4.86 million[6] - The company reported a 60.77% decrease in non-operating income, totaling CNY 18,064,290.80, due to reduced government subsidies[15] - The company expects a net profit increase of 10%-15% for the fiscal year 2017 compared to the previous year, with the last year's net profit being 1,901.42 million CNY[38] - The net profit for Q3 2017 was -251,848,771.03 RMB, compared to -376,480,654.88 RMB in the same period last year, showing an improvement[55] Cash Flow - Net cash flow from operating activities showed a significant decline of 172.32%, amounting to -CNY 14.78 billion[6] - Cash inflow from operating activities totaled 48,434,808,972.80 RMB, while cash outflow was 63,215,151,829.21 RMB, resulting in a significant cash flow deficit[57] - The net cash flow from operating activities was -¥13.45 billion, a significant decline compared to ¥5.14 billion in the same quarter last year[61] - Cash outflow from operating activities totaled ¥79.74 billion, up from ¥46.44 billion year-over-year[61] - The net cash flow from financing activities was ¥13.50 billion, a recovery from -¥1.49 billion in the previous year[61] Assets and Liabilities - Total assets increased by 28.30% to CNY 232.76 billion compared to the end of the previous year[6] - Total liabilities increased by 32.35% to CNY 191,872,299,231.08, driven by higher prepayments and long-term borrowings[15] - Current liabilities totaled ¥111.05 billion, up from ¥85.18 billion, reflecting a growth of approximately 30.5%[42] - Non-current liabilities increased to ¥80.82 billion from ¥59.79 billion, indicating a rise of around 35.2%[43] Investments and Development - Long-term equity investments surged by 94.27% to CNY 11,890,275,989.02, reflecting increased investments in joint ventures[14] - The total investment in real estate development during the reporting period reached 1,533.39 billion yuan, with an actual investment of 51.17 billion yuan[25] - The company is focusing on both commercial and affordable housing projects, indicating a diversified strategy in its real estate development[28] Shareholder Information - Total number of shareholders reached 53,364, with the top ten shareholders holding a combined 46.01% of shares[11] - The total number of shares held by the top shareholder, Beijing Capital Development Holdings, was 1,186,811,899, representing 46.01% of total shares[11] Project Development - The total area of land held for development is 2,609,937 square meters, with a planned construction area of 4,644,749 square meters[18] - The company has a total of 1,623,642 square meters of land reserves in Beijing, with a planned construction area of 2,404,256 square meters[18] - The total area of subsequent projects under the company’s urban renewal initiatives is 853.47 hectares[21] Revenue and Sales - Total operating revenue for Q3 2017 was CNY 4,006,201,689.51, a decrease of 20.4% compared to CNY 5,034,907,363.31 in Q3 2016[51] - The total area sold in the third quarter of 2017 reached 19,144,709 square meters, with 2,290,500 square meters attributed to projects outside Beijing[34] - The company has ongoing projects in various cities, including a significant project in Xiamen with a saleable area of 287,000 square meters[34]