SHSTC(SH:600620)2015-10-30 16:00Financial Performance - Operating revenue for the first nine months rose by 26.65% to CNY 35,302,628.22 compared to the same period last year[5] - Net profit attributable to shareholders decreased by 29.61% to CNY 66,263,091.04 for the first nine months[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 30.49% to CNY 48,007,270.24[5] - Weighted average return on equity decreased by 8.2 percentage points to 3.00%[5] - Basic and diluted earnings per share decreased by 29.62% to CNY 0.1447[5] - Total revenue for the third quarter was CNY 9,731,971.57, an increase from CNY 9,118,643.17 in the same period last year, representing a growth of 6.75%[30] - Total operating costs for the third quarter were CNY 14,116,311.79, down from CNY 18,410,170.73 year-over-year, a decrease of 23.5%[30] - Net profit for the third quarter was a loss of CNY 4,581,614.22, compared to a profit of CNY 51,198,748.78 in the same period last year[31] - The total profit for the first nine months of 2015 was CNY 49,881,053.36, down from CNY 126,287,387.74 in the same period of 2014[35] - The company reported a total comprehensive income of CNY 2,754,554,077.46 for the first nine months of 2015, compared to CNY 123,883,465.96 in the previous year, indicating a substantial decline[35] Assets and Liabilities - Total assets increased by 423.54% to CNY 4,504,281,717.07 compared to the end of the previous year[5] - The total assets of the company reached ¥4,504,281,717.07, up from ¥860,352,685.20 at the beginning of the year, showing a substantial increase[24] - The total liabilities increased to ¥970,625,647.92 from ¥69,603,990.18, representing a significant rise[24] - Total liabilities reached CNY 1,120,859,137.08, compared to CNY 201,184,384.82 at the start of the year, indicating a substantial increase[27] - The total equity attributable to the parent company increased to ¥3,576,942,634.58 from ¥833,540,447.58, indicating a growth of approximately 329.5%[24] Cash Flow - The net cash flow from operating activities improved by CNY 12,417,755.42, reaching -CNY 3,803,411.80 compared to the previous year[15] - Investment activities generated a net cash flow of CNY 61,438,547.00, a decrease of 76.43% from the previous year due to reduced cash inflows from asset disposals[15] - The net cash flow from financing activities was -CNY 32,043,768.99, indicating a decrease in cash outflows related to dividend distribution and loan repayments[15] - Cash inflow from sales of goods and services reached ¥37,861,639.24, an increase of 14.4% compared to ¥32,959,714.10 in the same period last year[40] - Net cash flow from operating activities was -¥3,803,411.80, improving from -¥16,221,167.22 year-over-year[40] - Total cash inflow from investment activities was ¥91,018,694.10, down 67.2% from ¥277,215,028.95 in the previous year[41] - Cash outflow from financing activities was ¥32,043,768.99, a reduction from ¥92,702,518.55 year-over-year[41] - The company reported a net increase in cash and cash equivalents of ¥25,591,366.21, compared to an increase of ¥151,704,188.18 in the previous year[41] Shareholder Information - Total number of shareholders reached 38,203 at the end of the reporting period[10] - The largest shareholder, Shanghai Zhongsheng Hongqiao Enterprise Management Co., Ltd., holds 25.08% of the shares[10] Non-Recurring Items - Government subsidies recognized in the first nine months amounted to CNY 471,800.00[7] - Non-recurring gains and losses for the first nine months totaled CNY 18,255,820.80[9] Other Financial Metrics - The company's receivables from dividends reached CNY 29,922,188.50, an increase of CNY 29,922,188.50 compared to the beginning of the year[12] - Other receivables increased by CNY 12,455,217.61 to CNY 27,290,846.88, reflecting an 83.95% growth due to share transfer activities[13] - Available-for-sale financial assets surged to CNY 3,692,062,463.00, a significant increase of CNY 3,587,551,330.33 or 3,432.70% attributed to the fair value measurement after the listing of Greenland Holdings[13] - Deferred tax assets decreased by CNY 2,237,583.72, marking a 100% reduction due to the recovery of temporary differences[14] - The company's payable to employees dropped to CNY 930,875.08, a decrease of 74.68% as a result of year-end bonus payments[14] - Tax payable increased by CNY 5,769,093.61 to CNY 8,364,862.32, reflecting a 222.25% rise primarily due to increased corporate income tax[14] Management Commitments - The company has committed to avoiding unfair related-party transactions and ensuring that any such transactions are conducted at market prices[18] - The actual controllers of the company have pledged not to engage in any competitive activities in the real estate sector during their tenure[18] - The company has committed to notifying the company in advance if it finds any real estate investment projects that align with its overall development plan[18] Future Outlook - The company's net profit for the upcoming reporting period is expected to decline compared to the previous year due to a large investment income from the sale of equity interests last year[18]