NINGBO FUDA(SH:600724)2014-10-27 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 655.41 million, an increase of 116.93% year-on-year[7]. - Operating revenue for the first nine months was CNY 4.56 billion, reflecting a growth of 105.73% compared to the same period last year[7]. - Basic earnings per share were CNY 0.4535, up 116.88% from CNY 0.2091 in the previous year[9]. - Operating profit increased by 129.42% to 109,779.83 million, attributed to high-margin real estate sales[15]. - Net profit rose to 84,474.39 million, reflecting a 119.82% increase compared to the previous year, supported by strong project sales[15]. - Total revenue for Q3 2014 was CNY 387,500,000, consistent with the same period last year[46]. - Net profit for Q3 2014 reached CNY 95,132,993.41, an increase of 15.5% compared to CNY 82,216,874.85 in Q3 2013[44]. - Total profit for the first nine months of 2014 was CNY 1,140,753,202.71, compared to CNY 518,175,692.94 in the same period last year, indicating a significant increase of 120%[44]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 18.42 billion, a decrease of 4.53% compared to the end of the previous year[7]. - The total number of shareholders at the end of the reporting period was 27,758[12]. - The largest shareholder, Ningbo Urban Construction Investment Holding Co., Ltd., held 76.95% of the shares[12]. - Total assets as of September 30, 2014, amounted to ¥10,573,420,627.64, an increase from ¥9,656,337,493.74 at the end of Q3 2013[40]. - Total liabilities decreased to ¥7,652,957,192.42 from ¥6,821,296,275.14 year-over-year[40]. - The company's total assets at the end of Q3 2014 were CNY 2,033,374,976.60, down from CNY 3,293,790,260.77 at the end of Q3 2013[49]. Cash Flow - Net cash flow from operating activities was negative CNY 477.86 million, a decline of 148.61% compared to the same period last year[7]. - Cash flow from operating activities showed a net outflow of 47,785.53 million, a decrease of 148.61% year-over-year, primarily due to reduced cash receipts from sales[15]. - Cash flow from operating activities for the first nine months of 2014 was negative CNY 477,855,259.36, a decline from positive CNY 982,992,230.89 in the previous year[50]. - The net cash flow from financing activities was CNY -238,408,571.98, compared to CNY -228,928,328.05 in the same period last year, indicating a slight increase in outflow[55]. - The company reported a net decrease in cash and cash equivalents of CNY 12,744,534.23 for the period, compared to a net increase of CNY 54,931,657.87 in the previous year[55]. Investments and Projects - The company plans to continue expanding its real estate projects, focusing on high-margin developments to enhance profitability[15]. - The company has ongoing projects such as the Villa Phase III and Mountain Water Yipin C District, which are expected to enhance future revenue streams[24]. - The company completed several projects, including Qinglin Bay Phase II and East City Mingyuan, contributing to the overall construction area[24]. - The pre-sale situation for the Qinglin Bay project included a signed amount of CNY 5,970.09 million for 4,142.69 square meters[28]. - The company has ongoing projects with a total area of 66,672 square meters in construction, with a 100% equity interest[26]. Financial Adjustments - The adjustment of long-term equity investment standards resulted in a retrospective adjustment of the beginning balance of long-term equity investments to CNY 32,185,000[20]. - The change in the scope of consolidation led to a reduction in total assets by CNY 675,510,272.55 and total liabilities by CNY 383,066,646.65 for Ningbo Haisheng Investment Co., Ltd.[22]. - The retrospective adjustment for the year 2013 included a reduction in operating income by CNY 41,683,425.05 and an increase in total profit by CNY 12,190,386.98[23]. Shareholder Information - The company received government subsidies amounting to CNY 2.40 million during the reporting period[10]. - The company reported a non-operating income of CNY 3.35 million for the period[10]. - The company has a total of 1,648,204.43 square meters of investment properties, with a slight decrease in value from CNY 1.67 billion at the beginning of the year[34].