2015-10-27 16:00Financial Performance - Total operating revenue for Q3 2015 reached RMB 29.33 billion, a year-on-year increase of 32.25%, while total revenue for the first nine months was RMB 79.60 billion, up 26.06%[3] - Net profit attributable to shareholders for Q3 2015 was RMB 2.01 billion, reflecting a 21.79% increase, with a nine-month net profit of RMB 6.85 billion, up 6.14%[3] - Basic earnings per share for Q3 2015 was RMB 0.182, up 21.33%, while the nine-month basic earnings per share was RMB 0.621, an increase of 6.13%[3] - The company reported a net profit (including minority interests) of RMB 9.54 billion for the first nine months, a year-on-year increase of 25.4%[12] - The company’s net profit attributable to shareholders was RMB 6.85 billion for the first nine months, a year-on-year increase of 6.1%[12] - The company’s third-quarter net profit (excluding minority interests) was RMB 2.01 billion, a year-on-year increase of 21.8%[11] Assets and Liabilities - Total assets increased by 12.27% to RMB 570.79 billion as of September 30, 2015, compared to RMB 508.41 billion at the end of 2014[3] - The company’s cash holdings amounted to RMB 42.73 billion as of the end of the reporting period, maintaining a low net debt ratio of 23.4%[13] - The company issued bonds worth RMB 5 billion at a record low interest rate of 3.50% to optimize its debt structure[14] - The company’s bond issuance of RMB 50 billion was approved by the China Securities Regulatory Commission, with a coupon rate of 3.50%[25] Shareholder Information - The company’s total number of shareholders reached 332,360 as of September 30, 2015[6] - The top shareholder, China Resources Co., Ltd., holds 15.23% of the shares, while HKSCC Nominees Limited holds 11.90%[7] - The company plans to repurchase A-shares within a budget of RMB 100 billion, with a maximum repurchase price of RMB 13.70 per share[26] - As of the end of the reporting period, the company repurchased 12,480,299 A-shares, accounting for 0.113% of the total share capital, at a total cost of RMB 160,148,519.71[27] Market Performance - The residential transaction area in 14 major cities increased by 53.7% year-on-year in Q3 2015, indicating a strong market performance[9] - The inventory turnover period for new homes in the monitored cities was 10.6 months by the end of September, indicating a balanced supply-demand relationship[9] - In the first three quarters, the company achieved a total sales area of 14.4 million square meters and sales revenue of RMB 180.5 billion, representing year-on-year growth of 13.9% and 21.1% respectively[10] - The company completed new construction area of 13.98 million square meters in the first three quarters, a 2.3% increase year-on-year, reaching 83.2% of the annual planned construction area[11] - The company has added 50 new projects in the first nine months, with a planned construction area of approximately 7.88 million square meters[13] Cash Flow - The net cash flow from operating activities for Q3 2015 was RMB 2.13 billion, a significant decrease of 84.57%, with a negative cash flow of RMB 4.68 billion for the first nine months[3] Risk Management - The company has entered into Non-Deliverable Forward (NDF) contracts to hedge against foreign currency borrowing exchange rate risks, with a contract amount of RMB 203,615.75 million as of September 30, 2015, representing a 2.5% increase from RMB 198,867.50 million on December 31, 2014[30] - The NDF contracts accounted for 1.68% of the company's net assets at the end of the reporting period[30] - There was no profit or loss impact from the NDF value changes during the reporting period[30] - The independent directors believe that the use of NDF contracts prudently mitigates potential losses from significant exchange rate fluctuations on foreign currency borrowings[28] Corporate Governance - The company has made progress in internal control construction as part of its compliance with the Basic Norms for Enterprise Internal Control[24] - The company did not provide funds to controlling shareholders or their affiliates, nor did it violate procedures for external guarantees[24] Investor Relations - The company conducted multiple investor meetings in July and August 2015, discussing operational performance and industry outlook[23] - The company’s interim performance presentation was held in August 2015, focusing on its operational status and future strategies[23]