SHCF(SH:600621)2018-10-29 16:00Financial Performance - Operating revenue decreased by 27.06% to CNY 924.69 million for the first nine months compared to the same period last year[7] - Net profit attributable to shareholders decreased by 77.02% to CNY 15.01 million for the third quarter[8] - Basic earnings per share decreased by 66.67% to CNY 0.04 per share[8] - The company reported a net loss of CNY 1.26 billion from operating activities for the first nine months[7] - Operating revenue decreased by 65.76% year-on-year, primarily due to a decrease in property sales area[18] - Total operating revenue for Q3 2018 was CNY 3,023,410.86, down from CNY 22,072,965.51 in Q3 2017, indicating a decrease of about 86.3%[36] - The company's operating profit for the first nine months of 2018 was CNY 28,705,442.40, a decrease of 94.2% from CNY 497,980,720.60 in the same period last year[36] - The total comprehensive income attributable to shareholders for Q3 2018 was CNY -40,100,864.31, compared to CNY 68,844,900.28 in the same period last year, marking a significant drop[34] - The total comprehensive income for the first nine months of 2018 was CNY 10,465,675.56, a decrease from CNY 494,287,951.04 in the same period last year, reflecting a decline of about 97.9%[37] Assets and Liabilities - Total assets increased by 4.82% to CNY 18.61 billion compared to the end of the previous year[7] - Total current assets as of September 30, 2018, amounted to CNY 16,325,357,182.22, an increase from CNY 14,863,021,642.70 at the beginning of the year, representing a growth of approximately 9.8%[24] - Total liabilities increased to CNY 11,932,792,870.49 from CNY 10,551,277,227.73, reflecting an increase of approximately 13.1%[26] - The company's total non-current assets decreased to CNY 2,284,212,203.48 from CNY 2,890,787,730.45, a decline of approximately 21%[25] - The total equity attributable to shareholders decreased to CNY 6,238,514,148.97 from CNY 6,727,976,506.35, a decline of approximately 7.3%[27] Cash Flow - Cash flow from operating activities improved by 8.37% to CNY -1.26 billion for the first nine months compared to the same period last year[7] - The net cash flow from operating activities for the year-to-date period (January to September) is -1,258,071,553.10 RMB, compared to -1,373,064,776.65 RMB in the same period last year, showing an improvement[39] - Total cash inflow from operating activities amounted to 3,483,867,918.15 RMB, compared to 2,176,971,947.65 RMB in the previous year, reflecting a growth of approximately 60%[39] - The cash outflow from operating activities was 4,741,939,471.25 RMB, up from 3,550,036,724.30 RMB, leading to a net cash flow deficit[39] - The net cash flow from investing activities was -264,013,588.74 RMB, worsening from -57,286,915.35 RMB year-on-year, indicating increased investment expenditures[40] - The company raised 3,743,807,394.80 RMB from financing activities, compared to 2,692,979,645.00 RMB last year, showing a significant increase in financing efforts[40] Shareholder Information - The top shareholder, Shanghai Yidian (Group) Co., Ltd., holds 27.49% of the shares[11] - The total number of shareholders at the end of the reporting period was not disclosed[12] Government Support and Investments - The company received government subsidies amounting to CNY 19.60 million for the first nine months[9] - Financial assets measured at fair value increased by 404.97% compared to the beginning of the period, primarily due to an increase in fixed income financial asset investments[18] - The company reported a total of CNY 1,906,802,000.00 in sell-back financial assets, a substantial increase from CNY 400,000,000.00 at the beginning of the year[26] Future Outlook and Strategy - The company aims to enhance its market presence through strategic investments and potential acquisitions, although specific plans were not disclosed in the report[33] - Future outlook remains cautious due to the current financial performance and market conditions, with a focus on cost management and efficiency improvements[33] - The company has not disclosed any new product developments or market expansion strategies in this report[12]