CHIXIA DEVELOPMENT(SH:600533)2017-10-20 16:00Financial Performance - Net profit attributable to shareholders rose by 61.25% to CNY 75.22 million for the first nine months of the year[6]. - Operating revenue for the first nine months reached CNY 1.40 billion, reflecting a growth of 6.83% year-on-year[6]. - Basic earnings per share increased by 61.26% to CNY 0.0716[6]. - Net profit for the third quarter was RMB 77.44 million, a 110.45% increase compared to RMB 36.79 million in the same period last year, primarily due to increased investment income[13]. - Investment income rose by 62.86% to RMB 152.50 million, compared to RMB 93.64 million in the previous year, attributed to the disposal of available-for-sale financial assets[13]. - Total profit for the first three quarters was CNY 118,050,986.99, compared to CNY 114,836,897.29 in the previous year, reflecting a slight increase of 2.0%[37]. - The company’s total comprehensive income for the first three quarters was CNY 99,120,162.02, compared to CNY 54,606,725.64 in the previous year, reflecting an increase of 81.2%[37]. Cash Flow - The net cash flow from operating activities turned positive at CNY 124.37 million, a significant improvement from a negative CNY 1.74 billion in the same period last year[6]. - The net cash flow from operating activities was -CNY 394,752,529.23, improving from -CNY 1,666,564,632.26 year-over-year[42]. - Cash inflow from investment activities totaled CNY 207,770,602.51, down from CNY 280,105,960.57 in the previous year[42]. - Net cash flow from investment activities was CNY 29,425,046.27, a significant improvement from -CNY 190,044,985.35 in the same period last year[42]. - Cash inflow from financing activities reached CNY 3,227,936,986.30, an increase of 19.1% compared to CNY 2,710,000,000.00 in the previous year[43]. - Net cash flow from financing activities was CNY 1,060,348,522.68, a decrease of 23.5% from CNY 1,387,562,137.60 year-over-year[43]. Assets and Liabilities - Total assets increased by 2.28% to CNY 14.34 billion compared to the end of the previous year[6]. - Total assets as of September 30, 2017, amounted to CNY 14,339,113,171.49, an increase from CNY 14,019,565,016.56 at the beginning of the year, reflecting a growth of approximately 2.28%[24]. - Total liabilities reached CNY 10,351,026,979.03, compared to CNY 10,048,466,980.39 at the start of the year, marking an increase of around 3.02%[26]. - Current liabilities decreased to CNY 4,462,687,575.17 from CNY 5,251,194,836.33, a reduction of approximately 15.03%[25]. - Non-current liabilities rose to CNY 5,888,339,403.86 from CNY 4,797,272,144.06, indicating an increase of about 22.77%[26]. - Owner's equity totaled CNY 3,988,086,192.46, up from CNY 3,971,098,036.17, reflecting a growth of approximately 0.43%[26]. Shareholder Information - The total number of shareholders reached 62,399 by the end of the reporting period[8]. - The largest shareholder, Nanjing Qixia Construction Group Co., Ltd., holds 34.37% of the shares, with 210.34 million shares pledged[8]. Operational Highlights - The company has ongoing projects with a total planned construction area of 337.60 thousand square meters, with 41.95 thousand square meters commenced by September 2017[21]. - The cumulative contract sales area reached 165,282.74 square meters by the end of September 2017, with significant contributions from various projects[23]. Tax and Financial Expenses - The company reported a 42.21% decrease in tax and surcharges, primarily due to VAT changes following tax reforms[13]. - The company incurred financial expenses of CNY 48,684,132.96 for the first three quarters, an increase of 52.0% compared to CNY 32,023,833.85 in the same period last year[36].