L&T City(SH:600790)2015-10-29 16:00Financial Performance - Net profit attributable to shareholders was CNY 227,211,716.01, representing a decrease of 9.21% year-on-year[6]. - Operating revenue for the first nine months was CNY 599,924,430.55, down 2.30% from the same period last year[6]. - The weighted average return on net assets decreased by 1.26 percentage points to 6.46%[6]. - Total operating revenue for Q3 was ¥198,370,188.79, a decrease of 0.5% compared to ¥200,368,075.55 in the same period last year[34]. - Net profit for Q3 was ¥56,304,938.71, down 6.5% from ¥60,533,182.66 year-over-year[35]. - Total profit for the period was ¥79,767,500.52, a decrease of 1.9% compared to ¥81,309,306.91 in Q3 of the previous year[35]. - The company reported an investment income of ¥10,993,564.45 for Q3, down from ¥16,235,383.36 in the same period last year[38]. - The company’s total comprehensive income for Q3 was ¥54,782,417.71, down from ¥72,158,926.44 in the same period last year[36]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 7,192,958,680.40, a slight increase of 0.06% compared to the end of the previous year[6]. - Accounts receivable increased significantly by 194.95% to CNY 22,841,391.41 due to increased rental and property management fees[10]. - Available-for-sale financial assets rose by 46.80% to CNY 921,101,912.10, primarily due to participation in a capital increase of Zhejiang Commercial Bank[10]. - Construction in progress increased by 74.14% to CNY 313,698,535.29, reflecting higher investment in ongoing projects[10]. - Short-term borrowings amounted to CNY 210,600,000.00, indicating new bank loans taken during the period[10]. - Total current liabilities decreased from CNY 3,236,128,737.62 to CNY 2,829,437,607.04, reflecting a reduction of approximately 12.6%[26]. - Non-current assets totaled CNY 6,118,811,172.63, up from CNY 5,758,097,891.86, marking an increase of about 6.3%[26]. - Total liabilities reached CNY 2,107,953,928.68, down from CNY 2,263,623,695.47, showing a decrease of approximately 6.9%[31]. Cash Flow - Net cash flow from operating activities improved by ¥37.10 million, totaling approximately -¥142.52 million, due to increased rental income and recovered deposits[11]. - Cash inflow from operating activities for the first nine months was CNY 257,354,891.75, an increase from CNY 194,055,179.53 year-over-year[42]. - Net cash flow from operating activities was CNY -142,522,141.38, improving from CNY -179,624,108.49 in the same period last year[42]. - Cash inflow from investment activities was CNY 314,762,157.56, down from CNY 900,870,976.55 year-over-year[42]. - Cash inflow from financing activities was CNY 210,600,000.00, with a net cash flow of CNY 206,658,938.59, recovering from CNY -340,122,651.63 last year[43]. Shareholder Information - The number of shareholders at the end of the reporting period was 57,989[8]. - The company has committed to not reducing or increasing its shareholdings for six months following the resumption of trading on August 18, 2015[23]. - The company plans to increase its shareholdings by at least CNY 50 million through legal and compliant means within six months after the resumption of trading[23]. Investments and Acquisitions - The company participated in a capital increase plan for Zhejiang Commercial Bank, investing approximately ¥305.64 million to acquire 106,124,032 shares, increasing its ownership from 3.06% to 3.16%[12]. - The company agreed to acquire 75% of Zhejiang China Light Textile City Network Co., Ltd. for approximately ¥20.35 million and plans to increase its capital by ¥10 million[13]. - The company plans to establish a financial investment company with a registered capital of ¥50 million, focusing on capital management and project investment[14]. - The company acquired the land use rights for the J-35 plot in Keqiao District for RMB 18.69 million, planning to invest approximately RMB 70 million in the construction of a multi-story parking garage with a total construction area of about 19,910 square meters, which has been completed and put into use[18]. Legal and Compliance - The company has initiated legal proceedings to enforce the collection of outstanding equity transfer payments and penalties[20]. - The company has committed to not using its controlling position to harm the interests of other shareholders and will not interfere with the management of the company[21]. - The company has undertaken measures to eliminate competition with its controlling shareholder within five years following the completion of a major asset restructuring[22].