TUDI(SH:600773)2014-10-30 16:00Financial Performance - Operating income for the first nine months was CNY 595,543,588.95, a decline of 5.25% year-on-year[7] - Net profit attributable to shareholders decreased by 41.96% to CNY 30,498,141.95 compared to the same period last year[8] - Basic and diluted earnings per share both decreased by 5.49% to CNY 0.086[8] - The company reported a net profit of CNY 49,452,250.31 for the first nine months, down 5.57% year-on-year[7] - The weighted average return on net assets decreased by 0.48 percentage points to 4.55%[8] - Total operating revenue for Q3 2014 was ¥63,392,357.81, a decrease of 66.5% compared to ¥189,019,382.22 in Q3 2013[51] - Total operating costs for Q3 2014 were ¥47,158,834.28, down 75.7% from ¥194,607,567.42 in the same period last year[51] - Net profit for Q3 2014 was ¥9,168,813.20, compared to a net loss of ¥21,318,152.10 in Q3 2013[52] - Earnings per share for Q3 2014 were ¥0.03, compared to a loss of ¥0.003 per share in Q3 2013[52] - The company reported an operating profit of ¥16,082,940.13 in Q3 2014, a significant improvement from a loss of ¥7,560,003.68 in Q3 2013[52] - The total profit for Q3 2014 was ¥16,052,940.13, compared to a loss of ¥7,587,215.29 in Q3 2013[52] Cash Flow - Net cash flow from operating activities increased significantly by 202.10% to CNY 1,572,326,979.91[7] - The company’s cash flow from operating activities increased by 138% to ¥1,189,318,721.07 due to received housing payments[17] - Operating cash inflow for the year-to-date reached ¥2,032,888,101.25, a significant increase from ¥534,068,734.11 in the previous year, representing a growth of approximately 280%[57] - The net cash flow from operating activities was ¥1,572,326,979.91, compared to a negative cash flow of ¥1,540,027,896.35 in the same period last year, indicating a turnaround in performance[58] - Cash inflow from financing activities was ¥833,840,000.00, a decrease from ¥2,901,120,000.00 in the previous year, primarily due to lower borrowings[59] - The net cash flow from financing activities was negative at -¥1,276,977,893.14, compared to a positive cash flow of ¥960,500,854.92 last year, indicating increased debt repayments[59] - Total cash inflow from operating activities was ¥491,428,812.84, down from ¥594,640,844.87 year-over-year, indicating a decline in operational revenue[62] - The net cash flow from operating activities for the company was ¥80,342,679.26, a recovery from a negative cash flow of ¥427,110,553.88 in the previous year[63] - The company reported a cash outflow of ¥524,715,560.56 from financing activities, significantly higher than the previous year's outflow of ¥55,168,987.96, indicating increased financial obligations[64] Assets and Liabilities - Total assets decreased by 3.86% to CNY 8,918,124,617.47 compared to the end of the previous year[7] - Cash and cash equivalents increased by 94% to ¥510,509,311.91 due to received housing payments[16] - Accounts receivable decreased by 82% to ¥3,220,516.98 as the company recovered some customer payments[16] - Inventory decreased from RMB 8,357,065,525.71 to RMB 7,764,882,716.71, reflecting a decline of approximately 7.1%[43] - Total current liabilities increased to RMB 4,511,300,761.10 from RMB 3,547,236,046.30, an increase of about 27.2%[45] - The total liabilities decreased from RMB 8,157,046,994.33 to RMB 7,802,494,587.90, a reduction of about 4.4%[45] - The company's retained earnings increased to RMB 525,199,374.28 from RMB 495,100,137.29, reflecting a growth of approximately 6.1%[45] - The total equity attributable to shareholders of the parent company increased to RMB 1,100,904,372.28 from RMB 1,070,805,135.29, an increase of about 2.8%[45] - The company’s total assets were ¥2,564,652,882.36 at the end of Q3 2014, down from ¥2,796,336,265.37 at the end of Q3 2013[49] - Total liabilities as of the end of Q3 2014 amounted to ¥1,202,081,682.22, slightly down from ¥1,242,060,337.08 at the end of Q3 2013[49] Shareholder Information - The total number of shareholders reached 33,879 by the end of the reporting period[13] - The largest shareholder, Shanghai Zha Bei, holds 55.25% of the shares, with a reduction of 4,624,000 shares during the reporting period[13] SASAC Commitments - The State-owned Assets Supervision and Administration Commission (SASAC) guarantees the independence of the listed company in operations, assets, finance, and business[22] - SASAC has committed to avoiding any competition with the listed company from its controlled enterprises[22] - The SASAC will ensure that any competitive business will be transferred or terminated if identified by the listed company[23] - The SASAC has committed to reducing and regulating related party transactions with the listed company[25] - The SASAC guarantees that the asset valuation will not result in impairment during the three years following the completion of the restructuring[26] - The SASAC will fully bear any land value-added tax obligations incurred by the injected assets prior to the asset delivery date[27] - The commitment from the Zhabei District State-owned Assets Supervision and Administration Commission (SASAC) includes covering the corporate income tax, business tax, and urban construction tax for the North City Investment and its subsidiaries before the asset delivery date[28] - The SASAC has committed to covering overdue loans of ¥1.15 million for North City Investment, with no claims made by the China Construction Bank as of the announcement date[29] - The SASAC has pledged to pay an additional 10 million shares to six financial institutions if the company's post-restructuring net profit per share falls below ¥0.5, which was not triggered as the 2011 net profit was ¥0.51[32] - The SASAC has committed to ensuring that its controlled companies do not engage in competing businesses with the company, including specific measures for projects under Shanghai Suhe Bay Investment Holding Co., Ltd. and Shanghai Danning Asset Management Group Co., Ltd.[33] - The management fee for the Shanghai Danning Center project is set at ¥5 million annually if performance targets are met, with a reduced fee of ¥2.5 million if not met[34] - The SASAC will reduce its stake in Danning Guangrong to below 50% within 18 months after the completion of the Danning Center Phase IV project[35] - The SASAC has confirmed that it will not engage in any new competitive business with the company or its subsidiaries[35] - The SASAC has fulfilled its commitments regarding the payment of taxes and the management of competing interests as of the current date[30] - The SASAC has pledged to ensure the independence of the company and protect the interests of its shareholders[35]