CECL(SH:600675)2015-10-30 16:00Financial Performance - Operating revenue increased by 46.24% to CNY 2.18 billion for the first nine months compared to the same period last year[7]. - Net profit attributable to shareholders was a loss of CNY 1.32 billion, a decrease of 955.23% compared to the same period last year[7]. - Basic earnings per share were -CNY 0.705, a decrease of 959.76% compared to the previous year[8]. - The company reported a net profit of -598,126,600.72 CNY for Q3 2015, compared to a net profit of 215,146,251.38 CNY in the same period last year, indicating a significant decline[34]. - The company reported a total operating profit loss of CNY 263,526,789.48 for Q3 2015, compared to a loss of CNY 83,957,747.36 in the previous year[39]. - The total profit loss for Q3 2015 was CNY 263,514,561.18, compared to a loss of CNY 82,321,447.36 in the same period last year, indicating a significant decline in overall profitability[39]. - The company expects a net loss of around 2 billion RMB for the entire year of 2015 due to adjustments in sales strategies and pricing to enhance cash flow[19]. Cash Flow - The company reported a net cash flow from operating activities of CNY 2.52 billion, compared to a negative cash flow of CNY 861.61 million in the same period last year[7]. - Operating cash flow for the first nine months of 2015 was CNY 2,521,116,742.06, a substantial improvement from a negative cash flow of CNY 861,605,890.45 in the same period last year[43]. - The company’s investment activities generated a net cash outflow of -RMB 17,546,686.86, a decline of 101.02% from RMB 1,726,568,440.72 in the previous year[16]. - Financing activities led to a net cash outflow of CNY 2,561,199,309.08 in the first nine months of 2015, compared to a net inflow of CNY 567,915,014.33 in the same period last year[43]. - Cash inflow from financing activities was $3,183,570,000.00, slightly down from $3,373,200,000.00 in the same period last year[46]. - Net cash flow from financing activities was -$590,732,776.80, compared to -$600,567,307.01 in the previous year[46]. Assets and Liabilities - Total assets decreased by 7.71% to CNY 37.67 billion compared to the end of the previous year[7]. - Total liabilities as of September 30, 2015, amounted to CNY 32,148,368,906.97, a decrease from CNY 33,465,434,585.12 at the beginning of the year[26]. - The company’s total liabilities included a 105.01% increase in payable bonds, amounting to RMB 3,130,156,460.83, due to the issuance of RMB 1.6 billion medium-term notes[15]. - The company’s non-current liabilities totaled CNY 11,389,653,985.16, down from CNY 13,076,211,943.46 at the beginning of the year[26]. - The total current liabilities stood at CNY 20,758,714,921.81, slightly up from CNY 20,389,222,641.66 at the start of the year[26]. Shareholder Information - The total number of shareholders at the end of the reporting period was 141,401[12]. - The largest shareholder, Shanghai Real Estate (Group) Co., Ltd., held 36.36% of the shares[12]. Investment Activities - The company acquired a 25% equity stake in Shanghai Dingbao Real Estate Co., Ltd. through its subsidiary Shanghai Gubei (Group) Co., Ltd. during the reporting period[17]. - The company plans to transfer its 30% equity stakes in Tianjin Xinghua Commercial Real Estate Co., Ltd. and Tianjin Xinghua Mansion Real Estate Co., Ltd. to improve asset turnover and accelerate capital recovery[17]. - The company completed the transfer of a 40% equity stake in Shanghai International Automobile City Real Estate Co., Ltd. for a price of approximately 651.87 million RMB[17]. Revenue and Sales - Total revenue for the third quarter of 2015 reached CNY 910,273,380.89, a significant increase from CNY 378,673,692.45 in the same period last year[31]. - Year-to-date revenue for the first nine months of 2015 was CNY 2,182,859,108.40, compared to CNY 1,492,672,978.34 for the same period in 2014, reflecting a growth of approximately 46.2%[31]. - Revenue from sales of goods and services for the first nine months of 2015 reached CNY 6,994,826,957.15, up from CNY 3,154,716,900.22 in the previous year, showing a growth of approximately 121%[42]. Operational Metrics - The company reported a total rental income of approximately 245.15 million RMB from its properties during the reporting period[22]. - The company has a rental rate of 100% for several commercial properties, including Gubei International Wealth Center Phase II[22]. - In the third quarter of 2015, the company sold a total of 72,482 square meters of properties, with a cumulative sales area of 225,712 square meters for the year[20]. Other Financial Metrics - The company’s other comprehensive income rose by 613.47% to RMB 116,951,990.32, primarily due to changes in the fair value of available-for-sale financial assets[15]. - The company reported an investment loss of -16,516,053.52 CNY for the period, indicating challenges in its investment portfolio[38]. - Operating costs for Q3 2015 included 236,449,926.80 CNY in financial expenses, which is a substantial increase compared to 71,804,689.75 CNY in the same quarter last year[38].