SPG(SZ:000029)2014-10-22 16:00Financial Performance - Operating revenue for the reporting period reached CNY 294,764,542.65, a year-on-year increase of 91.05%[7] - Net profit attributable to shareholders increased by 531.25% to CNY 22,272,401.09 for the reporting period[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses surged by 3,524.76% to CNY 21,712,479.80[7] - Basic earnings per share rose by 528.57% to CNY 0.0220 for the reporting period[7] - The estimated cumulative net profit for the year is projected to be between ¥27,392,000 and ¥30,000,000, reflecting a growth of 20.00% to 31.42% compared to the previous year[19] Cash Flow - Cash flow from operating activities for the year-to-date reached CNY 237,793,355.50, a significant increase of 2,031.36%[7] - The net cash flow from operating activities improved significantly to ¥237,793,355.50, a 2031.36% increase from a negative cash flow of ¥12,312,244.25 in the previous year[17] Assets and Liabilities - Total assets increased by 5.09% to CNY 4,429,712,829.72 compared to the end of the previous year[7] - The company reported a significant reduction in non-current liabilities due within one year, increasing to ¥60,024,383.44, a 1639.28% rise from ¥3,451,107.04 in the previous year[16] Shareholder Information - The company reported a total of 71,508 ordinary shareholders at the end of the reporting period[10] - The largest shareholder, Shenzhen Investment Holdings, holds 63.55% of the shares[10] Revenue Sources - Real estate sales revenue recognized during the first nine months was CNY 41,188.92 million, a year-on-year growth of 347.22%[15] - Operating revenue for the first nine months of 2014 reached ¥867,838,901.96, an increase of 82.71% compared to ¥474,974,336.20 in the same period of 2013, primarily due to revenue recognition from the Shenfang Chuanqi Mountain project[16] Financial Expenses and Taxation - The financial expenses surged by 889.08% to ¥13,904,377.36, primarily due to the capitalization of interest expenses[16] - The company experienced a 76.54% decrease in taxes payable, amounting to ¥34,726,927.34, due to the settlement of last year's corporate income tax[16] Other Financial Activities - The company did not engage in any securities or derivative investments during the reporting period, maintaining a conservative investment strategy[20][21] - The company’s net profit distribution from subsidiaries amounted to ¥270,609,041.96, contributing positively to the overall financial performance[17] - The company reported a 192.52% increase in advance receipts, totaling ¥915,501,007.82, attributed to the rise in pre-collected housing payments[16] - The company’s gross profit margin is expected to improve as sales from the Shenfang Chuanqi Mountain and Shenfang Shanglin Garden projects continue to be recognized normally[19]