TANDE(SH:600665)2014-10-28 16:00Financial Performance - Net profit attributable to shareholders decreased by 44.30% to CNY 111.73 million for the first nine months[7] - Operating revenue for the first nine months was CNY 1.59 billion, a decrease of 0.93% year-on-year[7] - Basic earnings per share dropped by 44.29% to CNY 0.1293[9] - The net profit after deducting non-recurring gains and losses was CNY 105.29 million, down 48.28% year-on-year[7] - The net profit attributable to the parent company decreased by 44.30% from RMB 200,580,312.52 to RMB 111,727,850.81[19] - The net profit for the quarter was a loss of ¥20,232,076.42, contrasting with a profit of ¥20,660,957.01 in the previous year[35] - The net profit for the first nine months of 2014 was ¥425,059,104, compared to ¥243,907,560 in the previous year, indicating a year-over-year increase of about 74.5%[37] - The total profit for Q3 2014 was ¥109,904,167.38, a significant recovery from a loss of ¥16,129,312.83 in the same quarter last year[37] Assets and Liabilities - Total assets increased by 9.29% to CNY 12.64 billion compared to the end of the previous year[7] - The company's cash and cash equivalents increased to ¥2,075,765,232.35 as of September 30, 2014, up from ¥1,697,054,177.32 at the beginning of the year, representing a growth of approximately 22.3%[26] - Total liabilities increased to ¥10,207,213,561.59 from ¥9,177,219,881.67, which is an increase of about 11.2%[28] - The total assets at the end of the period were ¥4,723,963,692.78, an increase from ¥4,163,346,730.54 at the beginning of the year[32] - The company's total liabilities increased to ¥2,705,145,062.36 from ¥2,483,185,635.73, indicating a rise in financial obligations[32] Cash Flow - The company reported a net cash flow from operating activities of CNY 71.97 million, a significant recovery from a negative cash flow of CNY 1.80 billion in the same period last year[7] - Operating cash flow turned positive with a net amount of RMB 71,974,520.01 compared to a negative RMB 1,800,417,051.81 in the previous year[19] - The cash flow from operating activities for the first nine months of 2014 was ¥71,974,520, a significant improvement from a negative cash flow of ¥1,800,417,051 in the same period last year[39] - Operating cash inflow for the period reached ¥572,155,157.98, a significant increase of 30.3% compared to ¥438,802,133.35 in the same period last year[42] - Net cash flow from operating activities was ¥269,397,359.29, up from ¥69,500,357.67, reflecting a growth of 287.5% year-over-year[42] Shareholder Information - The total number of shareholders is 56,453[16] - The largest shareholder, Xi'an High-tech Industry Development Zone Real Estate Development Company, holds 488,359,560 shares, representing 56.52% of total shares[16] Real Estate and Market Strategy - The company plans to continue expanding its real estate projects and enhance its market presence in key cities[12] - The company committed to eliminating direct competition with Tian Di Yuan Company in regions outside Shaanxi Province, ensuring no overlap in business operations[22] - The company plans to support Tian Di Yuan's development strategy, focusing on regional market expansion in areas like the Yangtze River Delta and Pearl River Delta[22] - The company has outlined measures to resolve existing competition issues with Tian Di Yuan by December 31, 2020, including potential asset injections and cash acquisitions[21] Revenue and Costs - Total revenue for the third quarter reached ¥782,481,994.67, compared to ¥372,018,598.75 in the same period last year, indicating a significant increase[34] - Total operating costs amounted to ¥820,304,880.10, up from ¥344,969,833.96 year-over-year, reflecting increased expenses[34] - The company incurred operating costs of ¥80,617,087.36 in Q3 2014, compared to a negligible cost in the same period last year[37] Inventory and Receivables - The company's inventory increased to ¥767,102,733.28 from ¥544,125,608.25, indicating a rise in stock levels[31] - Accounts receivable rose to ¥54,233,343.95 from ¥41,873,843.73, indicating an increase of about 29.5%[26] - Prepayments increased significantly to ¥2,113,981,207.47 from ¥1,862,009,308.75, reflecting a growth of approximately 13.5%[26]