SMC(SH:600823)2014-10-29 16:00Financial Performance - Operating revenue for the first nine months reached CNY 8.35 billion, a 63.25% increase year-on-year[8] - Net profit attributable to shareholders was CNY 770.49 million, a slight increase of 0.43% compared to the same period last year[8] - The net profit excluding non-recurring gains and losses was CNY 640.49 million, down 4.58% year-on-year[9] - The company reported a basic and diluted earnings per share of CNY 0.66, unchanged from the previous year[9] - Net profit for the same period reached 1.173 billion yuan, an increase of 57.02% year-on-year[15] - Total operating revenue for Q3 2014 reached ¥2,228,578,593, a significant increase of 136.3% compared to ¥941,492,000.60 in Q3 2013[36] - Net profit for Q3 2014 was ¥218,910,053.46, compared to ¥65,991,826.71 in Q3 2013, reflecting a growth of 231.5%[37] - Total revenue from sales of goods and services received in the first nine months of 2014 was approximately ¥6.98 billion, down from ¥7.43 billion in the same period last year[44] Assets and Liabilities - Total assets increased by 16.71% to CNY 58.46 billion compared to the end of the previous year[8] - The total assets of Shimao Group reached RMB 58.46 billion as of September 30, 2014, compared to RMB 50.09 billion at the beginning of the year, reflecting a growth of approximately 16.5%[27] - The total liabilities rose to RMB 39.93 billion, up from RMB 33.86 billion, indicating an increase of around 17.5%[29] - Total liabilities rose to ¥28,104,047,592.57, compared to ¥23,402,685,128.37 in the previous year, an increase of 20.5%[33] - The company's cash and cash equivalents decreased to RMB 3.89 billion from RMB 5.42 billion, a decline of about 28.3%[27] - Cash and cash equivalents amounted to ¥899,786,309.01, a decrease from ¥2,734,160,569.93 in the previous period[32] Cash Flow - Net cash flow from operating activities decreased by 45.41% to -CNY 2.91 billion for the first nine months[8] - The company reported a net cash flow from operating activities of -2.906 billion yuan, a decline of 45.41% compared to the previous year[15] - The company reported a net cash outflow from operating activities of approximately ¥2.91 billion for the first nine months of 2014, compared to a net outflow of ¥1.99 billion in the same period last year[45] - The company experienced a net cash outflow of ¥1,532,686,048.58 in Q3 2014, compared to a net outflow of ¥2,221,563,739.00 in the same period last year[46] - Total cash inflow from operating activities was ¥19,297,582,731.55, compared to ¥16,094,293,786.66 in the previous year[49] Shareholder Information - The total number of shareholders reached 36,639 by the end of the reporting period[11] - The largest shareholder, Peak Win International Limited, holds 47.67% of the shares, with 558 million shares pledged[12] Inventory and Investments - The company’s inventory increased by 39.58% to 29.043 billion yuan, attributed to land reserves and project development[17] - The company's long-term equity investments amounted to RMB 3.73 billion, up from RMB 3.04 billion, reflecting an increase of approximately 22.7%[27] - The investment properties value increased to RMB 16.04 billion from RMB 13.30 billion, showing a growth of about 20.5%[28] Operating Costs - Operating costs increased by 69.96% to 5.410 billion yuan, primarily due to increased real estate sales and commercial operations[15] - Total operating costs for Q3 2014 were ¥2,001,001,450.53, up 126.5% from ¥884,222,359.43 in the same period last year[36] - The company reported a significant increase in management expenses, totaling approximately ¥95.60 million for the first nine months of 2014, compared to ¥49.26 million in the same period last year[42] Governance and Compliance - The company has committed to ensuring that independent directors make up at least one-third of the board members, enhancing governance standards[21] - The new accounting standards effective from July 1, 2014, have impacted the company's financial reporting, particularly in the classification of long-term equity investments[22]