SID(SH:600748)2016-10-27 16:00Financial Performance - Net profit attributable to shareholders increased by 170.23% to CNY 287,183,004.75 year-on-year[7] - Operating income rose by 47.09% to CNY 3,722,091,424.96 for the first nine months of the year[7] - Total revenue for Q3 2016 was CNY 1,496,452,186.13, a decrease of 8.0% compared to CNY 1,626,932,749.37 in Q3 2015[36] - Year-to-date revenue reached CNY 3,722,091,424.96, up 47.1% from CNY 2,530,470,950.11 in the same period last year[36] - Net profit for Q3 2016 reached CNY 169.65 million, compared to CNY 270.02 million in the same quarter last year, reflecting a decrease of 37%[38] - Total profit for Q3 2016 was CNY 250.19 million, a decrease from CNY 406.46 million in Q3 2015[38] - The company reported a total net profit attributable to the parent company of RMB 731.25 million for the years 2015-2017, with a total net profit of RMB 960.51 million during the same period[24] Assets and Liabilities - Total assets increased by 20.79% to CNY 32,945,737,612.50 compared to the end of the previous year[7] - The company's total current assets reached RMB 30.008 billion, up from RMB 24.675 billion at the beginning of the year[29] - Total liabilities rose to CNY 23,240,925,609.29, up from CNY 21,762,626,472.28, indicating an increase of 6.8%[31] - The company's equity attributable to shareholders increased to CNY 8,851,634,311.92 from CNY 4,771,171,288.22, a growth of 85.0%[31] - The company’s total assets showed a net impairment loss of CNY 22.21 million in Q3 2016[39] Cash Flow - Cash flow from operating activities improved significantly, reaching CNY 3,361,252,497.87, a 370.28% increase compared to the same period last year[7] - Cash inflow from financing activities was ¥9,279,066,725.22, an increase from ¥5,782,546,887.29 in the previous year[46] - Cash outflow from financing activities totaled ¥7,645,053,980.71, compared to ¥3,672,776,096.15 in the same period last year[46] - Net cash flow from operating activities was negative CNY 9,672,721.81, an improvement from negative CNY 521,116,494.17 year-over-year[48] - Total cash inflow from financing activities reached CNY 11,776,073,052.42, significantly up from CNY 5,500,484,777.17 in the same period last year[49] Shareholder Information - The total number of shareholders reached 37,465 as of the report date[11] - The largest shareholder, Shanghai Shihua Development Co., Ltd., holds 48.60% of the shares[11] - Basic and diluted earnings per share decreased by 21.43% to CNY 0.22[8] Investments and Acquisitions - The company completed the acquisition of a 34% stake in Hangzhou Shangshi Real Estate Development Co., Ltd. for RMB 34.6 million, with the registration completed on September 14, 2016[15] - A 25% stake in Shanghai New Century Property Services Co., Ltd. was acquired for RMB 19 million, resulting in 100% ownership post-acquisition[15] - The company is in the process of acquiring 83.33% of Shanghai Ruizhi Investment Management Co., Ltd. for RMB 25 million, aiming for full ownership[18] Legal Matters - The company has incurred a total expected loss of RMB 16 million due to a legal dispute related to agreements signed before it became a shareholder of the controlling company[20] - The court ruled that the defendant must pay the plaintiff RMB 48.3 million plus interest of RMB 7.58 million and additional fees totaling RMB 11.51 million[20] - The company was ordered to compensate RMB 27.08 million for losses incurred by a shareholder due to civil litigation involving a subsidiary[21] - A mediation agreement was reached where the company will receive a total of RMB 56.96 million from the defendants, which includes previous payments and future obligations[22] Operational Highlights - The company achieved a cumulative contract sales amount of RMB 8.218 billion and a cumulative contract sales area of 546,800 square meters from January to September 2016[25] - In the third quarter (July to September), the company recorded a contract sales amount of RMB 4.245 billion and a contract sales area of 263,900 square meters[25] - The company commenced new construction of 291,700 square meters and completed construction of 383,200 square meters from January to September 2016[26] - The rental income from available properties for the first nine months was RMB 176 million, with a total rental area of 266,200 square meters[26] Future Plans - The company plans to ensure the protection of minority investors' rights in its future financing activities[24] - The company plans to focus on market expansion and new product development in the upcoming quarters[39]