SMC(SH:600823)2016-10-28 16:00Financial Performance - Net profit attributable to shareholders of the listed company reached CNY 1.41 billion, an increase of 49.82% year-on-year[6]. - Operating revenue for the first nine months was CNY 8.97 billion, down 15.36% from the same period last year[6]. - Basic earnings per share were CNY 0.53, reflecting a growth of 35.90% year-on-year[7]. - The weighted average return on net assets was 7.01%, up from 5.70% in the previous year[7]. - The net profit for the same period was RMB 1.63 billion, an increase of 16.3% year-on-year[12]. - The company achieved 69% of its annual sales target by the end of September 2016[12]. - Total operating revenue for Q3 2016 was CNY 2,607,060,322.30, an increase from CNY 2,077,198,536.64 in Q3 2015, representing a growth of approximately 25.5%[33]. - Net profit for the first nine months of 2016 reached CNY 1,630,674,289.32, up from CNY 1,402,558,939.51 in the same period last year, reflecting a growth of approximately 16.3%[34]. - The company's net profit attributable to shareholders for Q3 2016 was ¥21,528,401.57, compared to ¥13,630,989.79 in the same period last year, reflecting an increase[35]. Cash Flow and Liquidity - The net cash flow from operating activities was CNY 918 million, a significant increase of 221.99% compared to the previous year[6]. - Operating cash flow increased significantly to RMB 918 million, compared to a negative cash flow of RMB 752 million in the same period last year, marking a 221.99% improvement[13]. - Total cash and cash equivalents at the end of the period increased to ¥9,229,403,968.73, compared to ¥7,693,188,764.41 at the end of the same period last year, marking an increase of approximately 20%[44]. - Cash inflow from financing activities totaled ¥14,530,455,000.00, down from ¥17,857,369,300.00 in the previous year, indicating a decrease of about 19%[44]. - The company reported a cash inflow of ¥5,473,750,000.00 from financing activities, which is lower than the ¥6,959,460,000.00 received in the previous year[47]. - The ending cash balance decreased to ¥2,830,447,169.31 from ¥391,726,178.96 in the previous year, indicating a significant improvement in liquidity[47]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 63.79 billion, a decrease of 2.39% compared to the end of the previous year[6]. - The company's total liabilities decreased to ¥38.48 billion from ¥40.69 billion, a reduction of approximately 5.4%[25]. - The company's long-term borrowings decreased to ¥3.40 billion from ¥4.50 billion, a decline of approximately 24.4%[25]. - The company reported a decrease in inventory from ¥26.24 billion to ¥23.87 billion, a reduction of approximately 9.0%[23]. - The company’s accounts receivable decreased to ¥1.18 billion from ¥1.65 billion, a decline of about 28.3%[23]. - The company’s total non-current assets decreased to ¥24.76 billion from ¥26.82 billion, a decline of approximately 7.7%[24]. Shareholder Information - The total number of shareholders at the end of the reporting period was 41,327[10]. - The largest shareholder, Peak Win International Limited, held 1.17 billion shares, accounting for 43.73% of total shares[10]. Government and Regulatory Matters - The company recorded a government subsidy income of CNY 13.15 million for the first nine months[8]. - The company’s non-public offering of shares was not approved by the China Securities Regulatory Commission[15]. - The company received approval from the China Securities Regulatory Commission for its asset acquisition plan[18]. Strategic Developments - The company approved the acquisition of 51% of Qianhai Shimao Development (Shenzhen) Co., Ltd. and 100% of Hangzhou Shimao Ruiying Real Estate Co., Ltd. and Nanchang Water City Investment Co., Ltd.[16]. - Shimao Group has pledged to comply with regulations regarding real estate market control and has confirmed no violations occurred from January 1, 2013, to March 11, 2016[19]. - The company plans to acquire at least 51% equity in three commercial real estate projects: Qianhai Shimao Financial Center, Zhejiang Gate Project, and Nanchang Shimao New City Project[19].