2014-10-27 16:00Financial Performance - Operating revenue decreased by 11.64% to CNY 3,740,485,032 for the first nine months of the year[7] - Net profit attributable to shareholders decreased by 37.33% to CNY 320,963,580 for the first nine months[7] - Basic and diluted earnings per share decreased by 33.33% to CNY 0.10[7] - The weighted average return on equity decreased by 1.95 percentage points to 3.01%[7] - Operating revenue for the first nine months decreased by 11.64% to RMB 3,740,485,032 from RMB 4,233,421,509, mainly due to reduced available housing resources for development projects[17] - Net profit for the first nine months fell by 30.13% to RMB 367,267,609 from RMB 525,643,233, impacted by the real estate development cycle[17] - Operating revenue for Q3 2014 was CNY 1.15 billion, down 15.7% from CNY 1.37 billion in Q3 2013[35] - Net profit attributable to shareholders was CNY 83 million, a decrease of 47% compared to CNY 156 million in the same period last year[36] - Operating costs decreased to CNY 1.02 billion from CNY 1.16 billion, a reduction of approximately 11.5% year-over-year[35] - Net profit for the first nine months was CNY 209,511,046, down 29.6% from CNY 297,824,724 year-on-year[41] - Operating profit for the first nine months was CNY 279,514,393, a decrease of 30.0% from CNY 398,942,226 year-on-year[39] Cash Flow and Liquidity - Net cash flow from operating activities showed a significant decline of 136.42%, resulting in a negative cash flow of CNY -266,460,575[7] - The company reported a significant increase in net cash flow from financing activities, rising by 666.76% to RMB 1,868,496,600 from a negative RMB 329,681,183, due to increased financing borrowings[17] - Cash and cash equivalents increased to RMB 4,621.17 million from RMB 3,433.96 million at the beginning of the year[26] - Cash flow from operating activities showed a net outflow of CNY 266,460,575, compared to a net inflow of CNY 731,539,460 in the previous year[44] - The company reported a total of CNY 4,209,792,769 in cash inflows from operating activities, down 15.6% from CNY 4,990,846,846 in the previous year[43] - Cash inflow from financing activities totaled 6,357,628,932 CNY, an increase from 4,475,679,342 CNY in the prior period[49] - Net cash flow from financing activities was 1,871,899,377 CNY, a significant improvement from -323,393,194 CNY previously[49] - The net increase in cash and cash equivalents for the quarter was 1,061,609,989 CNY, compared to 312,077,057 CNY in the last quarter[49] - Total cash outflow for financing activities was 4,485,729,555 CNY, slightly down from 4,799,072,536 CNY in the previous period[49] - Cash paid for debt repayment was 3,570,174,804 CNY, compared to 3,966,750,000 CNY in the prior period[49] - Cash dividends and interest payments totaled 915,554,751 CNY, an increase from 832,322,536 CNY previously[49] Assets and Liabilities - Total assets increased by 11.37% to CNY 35,752,811,031 compared to the end of the previous year[7] - The company’s total assets increased significantly, with long-term equity investments rising by 339.56% to RMB 28,864,085 from RMB 6,566,514, due to new investments in joint ventures[16] - The company's total liabilities amounted to RMB 24,924.21 million, up from RMB 21,452.94 million at the start of the year[28] - The company’s non-current liabilities increased to RMB 12,382.01 million from RMB 9,511.36 million at the beginning of the year[28] - Total liabilities rose to CNY 19.35 billion, up from CNY 16.83 billion, reflecting an increase of about 14.9%[32] Shareholder Information - The total number of shareholders reached 258,990 by the end of the reporting period[11] - Beijing Beichen Industrial Group Co., Ltd. holds 34.482% of the shares, with 150,000,000 shares frozen[11] - HKSCC NOMINEES LIMITED decreased its holdings by 156,000 shares, holding 20.221% of the shares[11] Operational Highlights - The company experienced a 243.48% increase in minority shareholders' profit contributions, rising to RMB 46,304,029 from RMB 13,480,775, due to improved performance of subsidiaries[17] - In Q3 2014, the company achieved a cumulative contract sales amount of RMB 1,929.67 million and a cumulative sales area of 1,157,810 square meters in development properties[18] - The company successfully added land reserves with new projects in Wuhan Donghu and Hangzhou Xiaoshan, responding to market trends and policy changes[18] - The rental rate for office properties remained high, with rental levels ranking among the top in the Grade A office market[18] - The hotel segment maintained a high occupancy rate through refined management and enhanced marketing efforts[18] Accounting and Compliance - The company has applied for a 60-day extension to submit defense materials regarding an arbitration case with Beijing Construction Group, with a disputed amount of RMB 132.34 million for post-event construction payments[21] - The company has adopted new accounting standards effective July 1, 2014, with no significant impact on its financial results for the nine months ending September 30, 2014[23] - The company did not undergo an audit for this quarterly report[49]