TANDE(SH:600665)2018-10-30 16:00Financial Performance - Net profit attributable to shareholders rose by 111.02% to CNY 352.65 million year-on-year[7] - Operating revenue for the first nine months reached CNY 4.01 billion, a 51.17% increase from the same period last year[7] - Total profit for the first nine months of 2018 was ¥480,468,886.17, reflecting a 121.55% increase from ¥216,869,292.14 in the previous year[14] - Operating profit for the third quarter was ¥168,546,329.69, compared to ¥83,313,540.24 in the same period last year, reflecting improved profitability[30] - Net profit for the third quarter was ¥127,189,041.31, up from ¥61,639,032.95 year-over-year, showcasing strong earnings growth[30] Cash Flow - Net cash flow from operating activities surged by 238.30% to CNY 1.79 billion compared to the previous year[7] - Cash flow from operating activities for the first nine months of 2018 was ¥4,969,569,796.67, up from ¥3,814,697,396.05 in the same period last year, reflecting a growth of 30.3%[35] - The net cash flow from operating activities for Q3 2018 was ¥1,791,859,299.90, a significant increase from ¥529,672,487.19 in the same period last year, representing a growth of approximately 238%[36] - The total cash inflow from operating activities for the first nine months of 2018 was ¥909,418,168.31, compared to ¥548,923,586.97 in the same period last year, marking a growth of about 65%[38] Assets and Liabilities - Total assets increased by 1.73% to CNY 21.95 billion compared to the end of the previous year[7] - The company’s total liabilities as of September 30, 2018, were ¥18,587,070,748.66, compared to ¥18,496,121,383.59 at the beginning of the year[23] - Total liabilities rose to ¥6,273,333,024.04 from ¥6,129,632,261.07, indicating an increase in financial obligations[27] - Current assets totaled ¥6,079,587,164.01, down from ¥6,917,352,189.02 at the start of the year, indicating a reduction in liquidity[26] Shareholder Information - The number of shareholders reached 45,101 by the end of the reporting period[11] - The largest shareholder, Xi'an High-tech Zone Real Estate Development Company, holds 56.52% of the shares[11] Investment Activities - Long-term equity investments increased by 288.16% to CNY 230.79 million due to new cooperative project investments[13] - Investment income decreased by 74.87% to ¥69,872.25, down from ¥277,995.88 in the previous year[14] Expenses - The company reported a significant increase in income tax expenses, which rose by 156.46% to ¥131,175,923.70 from ¥51,148,002.17[14] - Management expenses for the first nine months of 2018 were ¥25,474,203.40, compared to ¥24,025,408.03 in the same period last year, showing an increase of 6.0%[33] - Financial expenses for Q3 2018 were ¥1,004,331.20, significantly higher than ¥113,076.95 in Q3 2017, indicating an increase of 786.5%[33] Future Outlook - The company expects a certain degree of growth in cumulative net profit compared to the same period last year due to increased property project completions and sales[17] - The company plans to increase its shareholding by 1%-5% through the stock exchange within six months starting from August 17, 2018[16]