CECL(SH:600675)2017-10-30 16:00Financial Performance - Operating revenue for the first nine months dropped by 49.43% to CNY 5.15 billion year-on-year[7] - Net profit attributable to shareholders increased by 48.30% to CNY 255.63 million compared to the same period last year[7] - Basic earnings per share decreased by 1.26% to CNY 0.157[8] - The weighted average return on equity decreased by 1.93 percentage points to 8.61%[8] - The net profit margin for the first nine months improved to 5.70% from 1.69% in the same period last year[7] - Operating revenue decreased by 49.43% to ¥5,149,673,212.27 compared to the same period last year[16] - Operating profit for the first nine months of 2017 was ¥136,132,929.94, compared to ¥713,798,714.71 in the same period last year, representing a decrease of about 80.0%[39] - The company reported a net loss of ¥74,759,708.23 for Q3 2017, compared to a net profit of ¥406,295,781.32 in the same quarter last year, indicating a significant decline in performance[37] - Total revenue for Q3 2017 was ¥3,989,303.32, a decrease from ¥13,086,636.61 in Q3 2016, reflecting a year-over-year decline of approximately 69.5%[39] - The company’s investment income for the first nine months of 2017 was ¥262,483,320.41, compared to ¥846,249,353.67 in the same period last year, reflecting a decline of about 69.0%[39] Cash Flow - Net cash flow from operating activities decreased by 56.00% to CNY 3.25 billion year-on-year[7] - Operating cash inflow for the first nine months of 2017 was CNY 6,727,293,066.01, a decrease of 37.0% compared to CNY 10,774,843,123.65 in the same period last year[42] - Net cash flow from operating activities was CNY 3,247,794,672.33, down 56.0% from CNY 7,380,874,777.92 year-on-year[42] - Cash inflow from investment activities totaled CNY 307,887,391.32, a decline of 56.3% from CNY 704,213,443.08 in the previous year[43] - Cash inflow from financing activities was CNY 25,000,000.00, significantly lower than CNY 4,919,967,749.81 in the previous year[43] - Net cash flow from financing activities was negative CNY 2,125,443,774.74, an improvement from negative CNY 4,216,210,717.42 year-on-year[43] - The ending cash and cash equivalents balance was CNY 7,929,631,459.85, up from CNY 6,901,603,386.01 in the same period last year[43] Assets and Liabilities - Total assets decreased by 6.07% to CNY 28.59 billion compared to the end of the previous year[7] - The company reported a significant decrease in total assets from CNY 30.44 billion at the end of the previous year[7] - The company's total liabilities decreased from approximately ¥25.69 billion at the beginning of the year to ¥23.60 billion, a reduction of about 8.2%[28] - Total assets decreased from CNY 19.65 billion at the beginning of the year to CNY 16.42 billion by the end of the third quarter[30] - Current assets decreased from CNY 12.53 billion to CNY 9.32 billion, a reduction of approximately 25.5%[31] - Total liabilities decreased from CNY 17.51 billion to CNY 14.41 billion, a decline of about 17.5%[32] - The company's total current liabilities as of September 30, 2017, were approximately ¥14.83 billion, down from ¥15.88 billion at the beginning of the year, a decrease of about 6.6%[28] Shareholder Information - The number of shareholders reached 90,797 by the end of the reporting period[12] - The company plans to publicly transfer 100% equity of Shanghai Shanyue Real Estate Co., Ltd. at no less than the state-owned asset evaluation price[20] - The company intends to transfer 100% equity of its wholly-owned subsidiary Shanghai Real Estate (Group) Co., Ltd. to its controlling shareholder Shanghai Real Estate (Group) Co., Ltd. or its controlled subsidiaries[20] Inventory and Receivables - Accounts receivable increased by 311.94% to ¥214,088,028.49 due to the provision for receivables from housing sales[16] - Other current assets rose by 133.08% to ¥262,073,584.49 as a result of prepaid VAT[16] - The company’s inventory decreased from approximately ¥18.14 billion at the beginning of the year to ¥15.01 billion, reflecting a reduction of about 11.7%[26] - Other receivables decreased significantly from CNY 9.46 billion to CNY 5.00 billion, a reduction of approximately 47.2%[31] Tax and Expenses - Tax expenses dropped by 83.22% to ¥259,007,085.93 due to changes in VAT treatment and reduced revenue[17] - The company incurred financial expenses of ¥103,988,377.94 in Q3 2017, which is a slight decrease from ¥130,322,634.69 in Q3 2016[39]