SID(SH:600748)2015-10-27 16:00Financial Performance - Operating revenue for the first nine months rose by 35.45% to CNY 1,178,040,351.98 year-on-year[6] - Net profit attributable to shareholders decreased by 72.33% to CNY 202,269,483.21 compared to the same period last year[6] - The company reported a net profit of CNY 150,272,688.10 after deducting non-recurring gains and losses, an increase of 6.85% year-on-year[6] - Total revenue for the first nine months of 2015 reached CNY 3,095,265,290.12, a substantial increase from CNY 1,477,073,005.47 in the previous year, reflecting a growth of approximately 109.5%[33] - The company reported a total comprehensive loss of CNY 41,382,678.37 for Q3 2015, compared to a comprehensive loss of CNY 1,435,485.63 in the same quarter last year[32] - Net profit for Q3 2015 was ¥41,179,214.07, down from ¥51,001,009.64 in Q3 2014, reflecting a decrease of approximately 19%[28] - The company reported a net loss of CNY 41,382,678.37 for Q3 2015, compared to a net loss of CNY 1,435,485.63 in the same period last year, indicating a significant decline in profitability[31] Cash Flow - Net cash flow from operating activities improved by 73.48%, reaching CNY -692,465,584.00 for the first nine months[6] - Cash inflow from operating activities totaled $80,127,031.35, a decrease of 71.5% compared to $281,377,825.26 in the previous year[36] - Net cash outflow from operating activities was -$521,116,494.17, contrasting with a positive cash flow of $171,323,381.94 in the same period last year[36] - Cash inflow from financing activities amounted to $5,500,484,777.17, an increase of 23.4% from $4,457,648,276.15 year-over-year[37] - The company generated CNY 4,954,580,948.20 in cash inflows from financing activities, compared to CNY 4,608,326,213.65 in the same period last year, showing an increase of approximately 7.5%[34] - The company’s financing activities included cash inflows from bond issuance amounting to CNY 1,992,000,000.00, which was not reported in the previous year[34] Assets and Liabilities - Total assets increased by 11.23% to CNY 20,853,120,450.80 compared to the end of the previous year[6] - The company’s total liabilities decreased by 40.56% to RMB 1,780,401,437.12, due to payments of equity transfer amounts and the return of collected funds[12] - Total liabilities reached CNY 15,315,349,423.32, compared to CNY 13,219,690,030.21 at the start of the year, marking an increase of around 15.9%[21] - Current assets totaled CNY 18,331,938,490.18, up from CNY 16,190,171,084.40, indicating a year-to-date increase of about 13.2%[19] - The company’s total assets as of the end of Q3 2015 were ¥15,642,013,874.37, compared to ¥15,415,343,655.64 at the end of Q3 2014[24] Shareholder Information - The total number of shareholders reached 36,986 by the end of the reporting period[10] - The largest shareholder, Shanghai Shihua Development Co., Ltd., holds 63.65% of the shares[10] Costs and Expenses - The company's operating costs increased by 52.55% to RMB 666,061,940.09, attributed to higher project costs due to inconsistent product structure[13] - Financial expenses surged by 257.95% to RMB 227,876,968.49, mainly due to an increase in interest-bearing liabilities[13] - The company incurred total operating expenses of CNY 4,091,771,726.45, slightly down from CNY 4,497,577,248.86 in the previous year[34] Investment Activities - Investment income for the first nine months of 2015 was ¥219,021,089.08, down from ¥663,126,473.43 in the same period of 2014, reflecting a decrease of approximately 67%[27] - The company’s investment activities resulted in a net cash outflow of CNY 480,849,609.94, worsening from a net outflow of CNY 231,007,260.38 in the previous year[34] Future Plans - The company plans to participate in a public bidding for a 37.50% stake in Shanghai Jiarui Real Estate Co., Ltd. for no more than RMB 33,750,000[14] - The company is in the process of a non-public stock issuance and has submitted a request for an extension to respond to feedback from the China Securities Regulatory Commission[14] - The company anticipates a decline of over 50% in cumulative net profit compared to the previous year, primarily due to a significant decrease in equity transfer income[16]